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Daily Stock Market Snapshot 10 May 2024
Start your day with FinBrook daily stock market snapshot to provide you with what you need to know in markets before you start your day. Stay tuned, stay informed, stay invested.
Divyanshu Pandey
5/10/20243 min read
Bank Of Baroda Mar 2024 (quarterly) Net Profit Rs 5132 crore Vs Rs 5255 crore yoy. Gross NPA at 2.92% Vs 3.08% qoq; Net NPA at 0.68% Vs 0.70% qoq.
CIPLA LTD Mar 2024 (quarterly) Net Profit Rs 932 crore Vs Rs 522 crore yoy. Revenue Rs 6082 crore Vs Rs 5666 crore yoy.
Dr. Lal Pathlabs Mar 2024 (quarterly) Net Profit Rs 86 crore Vs Rs 57 crore yoy. Revenue Rs 545 crore Vs Rs 491 crore yoy.
Polycab India Mar 2024 (quarterly) Net Profit Rs 553 crore Vs Rs 429 crore yoy. Revenue Rs 5592 crore Vs Rs 4324 crore yoy.
ICICI Lombard General Insurance Company: Bharti Enterprises has sold shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions, reducing Bharti Enterprises’ shareholding to 1.63% from 2.43%.
Bharti Airtel’s Africa unit, Airtel Africa, has posted a loss of $91 million in the quarter ended March on account of tax impact and foreign exchange loss.
Larsen & Toubro expects its order book position to rise by another 1 trillion in 2024-25 (Apr-Mar), with the engineering and infrastructure conglomerate being bullish on India and other markets.
Tata Motors likely planning to hive off its vehicle financing subsidiaries under Tata Motors Finance by way of a merger with Tata Capital to streamline its operations and deleverage its balance sheet.
Samvardhana Matherson Automotive Systems Group BV subsidiary of Samvardhana Matherson International has been assigned a new rating of Ba1 corporate family rating, on review for an upgrade from Moody’s Ratings.
Brigade Enterprises has signed a definitive agreement for a land parcel (4.6 acre) located on Old Madras Road, Bengaluru. The total development potential of the residential project will be around 0.69 Mn Sqft with a Gross Development Value of Rs 660 crore.
Solara Active Pharma: The Rights Issue Committee of the Company has finalized the terms of the proposed rights issue to raise Rs 450 crore. The Issue price approved by the Committee is Rs 375/share.
Adani Enterprises has acquired 49% stake in a UAE based entity named Sirius Digitech Ltd from Sirius International Holding Ltd.
Praveg: Praveg Beach Resort, Nagoa Beach, Diu, located in Nagoa hamlet of Village Bucharwada and is 8 kms from Diu, to commence operations from May 15, 2024.
Motilal Oswal Financial Services: The Board has approved the allotment of 1 crore Secured, Rated, Listed, Redeemable NCDs of face value of Rs 1,000/- each aggregating to Rs 1,000 Crore.
Deepak Fertilisers and Petrochemicals: Mr. Subhash Chand Anand has been appointed as President – Strategy of the Company w.e.f. 9th May, 2024.
Macrotech Developers: India Ratings has upgraded the ratings for Long Term Bank Loan Facilities to IND AA-/ Stable from IND A+/Stable.
Ugro Capital: Investment and Borrowing Committee of the Board of Directors of the Company, has approved allotment of Commercial Papers to the tune of Rs 10 crores.
Tata Steel has acquired 18,73,493 equity shares of Rs 10/- each at an issue price of Rs 427.01/share of The Indian Steel & Wire Products Ltd (ISWP), for an aggregate amount of Rs 80 crore. Upon completion of the Transaction, the aggregate equity stake of the Company has increased to 98.61% .
CARE Ratings March 2024 (Quarterly) income at Rs 90 crore vs Rs 78 crore YoY. PAT at Rs 25 crore vs Rs 20 crore YoY.
Quess Corp March 2024 (Quarterly) Income at Rs 4,910 crore vs Rs 4,440 crore YoY. PAT at Rs 98 crore vs Rs 30 crore YoY.
Mahanagar Gas March 2024 (Quarterly) Income at Rs 1,613 crore vs Rs 1,610 crore YoY. PAT at Rs 252 crore vs Rs 269 crore YoY.
Rain Industries March 2024 (Quarterly) Income at Rs 3,670 crore vs Rs 5,253 crore YoY. Loss at Rs 116 crore vs PAT of Rs 142 crore YoY.
Suryoday Small Finance Bank March 2024 (Quarterly) PAT at Rs 61 crore vs Rs 39 crore YoY. GNPA 2.94% vs 3.06o/o QoQ; Net NPA at 0.86% vs 1.42% QoQ.
Abbott India March 2024 (Quarterly) Income at Rs 1,439 crore vs Rs 1,343 crore YoY. PAT at Rs 287 crore vs Rs 231 crore YoY.
BPCL March 2024 (Quarterly) Income at Rs 116,555 crore vs Rs 118,115 crore YoY. PAT at Rs 4,790 crore vs Rs 6,870 crore YoY.
Intellect Design Arena March 2024 (Quarterly) Income at Rs 614 crore vs Rs 616 crore YoY. PAT at Rs 73 crore vs Rs 91 crore YoY.
Vakrangee March 2024 (Quarterly) Income at Rs 54 Crore vs Rs 51 crore YoY. PAT at Rs 2.2 crore vs Rs 0.7 crore YoY.
VST Tillers Tractors March 2024 (Quarterly) Income at Rs 273 crore vs Rs 323 crore YoY. PAT at Rs 35 crore vs Rs 40 crore YoY.