Stocks in News/ RESULTS IN BRIEF: IEX, IRCON, GAIL, TCS, HINDRECTIFIRE, CCLPRODUCTS, DCMSHRIRAM, UNICOMMERCE, CIGNITI
AHMEDABAD, 6 MAY:
Indian Energy Exchange: Company achieved a monthly electricity traded volume of 10,584 MU, marking a 26% increase YoY. (Positive)
IRCON: Company has bags order worth Rs 187 crore from Kerala State IT Infrastructure. (Positive)
GAIL: PNGRB to Hold Open House on Gas Pipeline Tariff Review on May 14 (Positive)
Solex Energy: Company has bags order worth Rs 451 crore (Positive)
Glenmark: Receives USFDA approval for blood cancer drug. (Positive)
Senores Pharmaceuticals: Company has signed an agreement to acquire the USFDA-approved Abbreviated New Drug Application (Positive)
Paras: The company has entered into a MoU with Israel-based HevenDrones to expand both parties’ businesses in the Indian and global defence sectors. (Positive)
Yes Bank: Mint reports of Sumitomo getting RBI nod to acquire 51% stake. (Positive)
G R Infraprojects: Company received an advance work order from BSNL for the Bharatnet project in Kerala. The contract price is Rs. 1257.29 Cr. (Positive)
Power & Instrumentation: Company received Rs.21.41 Cr work order for electrical work at Udaipur Air Terminal, Rajasthan. (Positive)
Konstelec Engineers: Company announced the receipt of a new work order from Reliance Industries Limited. The order, valued at Rs. 4.88 crores. (Positive)
ONGC: Company in partnership with Shell and Reliance, has successfully completed India’s first offshore facilities decommissioning project. (Positive)
Glenmark Pharmaceuticals: Company’s Ichnos Glenmark Innovation (IGI) receives U.S. FDA Fast Track Designation for ISB 2001.oY. (Positive)
BGR Energy: Company’s forensic audit by SBI closes & has not found any instance of fraud. SBI declares the account of the company as ‘no fraud’. (Positive)
Kesoram: HDFC Life Insurance Company sold 20,35,305 equity shares of Kesoram at an average price of Rs 4 per share (Neutral)
RateGain: Company appoints Rohan Mittal as Chief Financial Officer (CFO) of the company w.e.f. May 6, 2025 (Neutral)
Deepak Builders: Company announced a change in the relieving date of CFO Rishabh Gupta. (Neutral)
Tata Consultancy Services: Company has reduced the variable pay of its senior employees for the third consecutive quarter. (Neutral)
Morepen Laboratories: Company announced the resignation of Mr. Naresh Sharma, Vice President – Operations (API), due to personal reasons. (Neutral)
SBEC Sugar: Company announced an agreement with Priyadarshini Polysacks Limited for unsecured financial assistance. (Neutral)
KIOCL Ltd: Company announced the resignation of K V Balakrishnan Nair from the position of Company Secretary and Compliance Officer (Neutral)
Firstsource Solutions: Company announced the appointment of Ms. Shamita Mukherjee as Chief Human Resource Officer effective May 5, 2025. (Neutral)
GMM Pfaudler: Company appointed Mr. Gregory Gelhaus as Chief Transformation Officer, effective May 5, 2025. (Neutral)
Jaiprakash Associates: Company announced a dispute with the NHAI regarding the Four Laning of Varanasi Gorakhpur section. The company has claims of Rs.1022.54 Cr, while NHAI has counterclaims of Rs.484.63 Cr. (Negative)
Hind Rectifiers: Net profit Rs. 9.99 cr vs Rs. 5.11 cr YoY, Revenue at Rs. 185.04 cr vs Rs. 151.35 cr YoY. (Positive)
CCL Products: : Net profit Rs. 101.86 cr vs Rs. 65.22 cr YoY, Revenue at Rs. 835.84 cr vs Rs. 726.71 cr YoY. (Positive)
DCM Shriram: Net profit Rs. 180 cr vs Rs. 118 cr, Revenue at Rs. 3020 cr vs Rs. 2531 cr YoY (Positive)
Unicommerce: Net profit Rs. 3.4 cr vs Rs. 2.9 cr, Revenue at Rs. 45 cr vs Rs. 26 cr YoY (Positive)
Cigniti Technologies: Net profit Rs. 73.15 cr vs Rs. 27.13 cr YoY, Revenue at Rs. 530.27 cr vs Rs. 455.64 cr YoY. (Positive)
Coforge: Net profit Rs. 261.2 cr vs Rs. 223.7 cr YoY, Revenue at Rs. 3409.9 cr vs Rs. 2318.4 cr YoY. (Neutral)
DMCC: Net profit Rs. 6.47 cr vs Rs. 5.77 cr YoY, Revenue at Rs. 125.21 vs Rs. 83.95 cr YoY. (Neutral)
Sah Polymers Limited: Net Loss Rs. 0.33 cr vs 0.12 cr YoY, Revenue at Rs. 33.88 cr vs Rs. 32.40 (Neutral)
Indian Hotels: Net Profit at Rs 522 crore versus estimates Rs 529 crore, Revenues at Rs 2442 crore versus estimates Rs 2425 crore (Neutral)
CAMS: Net Profit at Rs 114 Cr Vs Rs 103.5 Cr, Revenue at Rs 356 Cr Vs Rs 310.5 Cr (YoY) (Neutral)
J&K Bank: Net Profit at Rs 580 Cr Vs Rs 640 Cr, Revenue at Rs 3200 Cr Vs Rs 2900 Cr (YoY) (Neutral)
CRISIL: Ex- date on tomorrow, Dividend – Rs 8 per Share. (Neutral)
Sundram Fastener: Ex- date on tomorrow, Dividend – Rs 4.2 per Share. (Neutral)
VBL: Ex- date on tomorrow, Dividend – Rs 0.5 per Share. (Neutral)
Info Edge: Ex- date on tomorrow, Stock split into 5 rights for 1 shares each (Neutral)
Avantel: Ex- date on tomorrow, Rights 10 rights for 121 shares held (Neutral)
Tata Motors: Shareholders meeting at tomorrow for business split. (Neutral)
Stovec: Net profit Rs. 2.6 cr vs Rs. 4.8 cr, Revenue at Rs.49.1 cr vs Rs. 60 cr YoY. (Negative)
Prataap Snacks: Net loss Rs. 11.9 cr vs Rs. 12.4 cr, Revenue at Rs.398 cr vs Rs. 387 cr YoY (Negative)
Bombay Dyeing: Net profit Rs. 11.5 cr vs Rs. 66.4 cr, Revenue at Rs. 360 cr vs Rs. 381 cr YoY (Negative)
Zee Media: Loss widens to Rs 36.8 crore Vs Rs 6.5 crore, Revenue drops 13% to Rs 156 crore Vs Rs 179 crore. (Negative)
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
