Stocks in News\ RESULTS IN BRIEF: VASCON, BAJAJFINANCE, THYROCARE, TATACONSUMER, PERSISTANCE, INFOSYS, SUNFLAGIORN, BPCL
AHMEDABAD, 24 APRIL:
Bajaj Finance: Board to consider special interim dividend, stock split, and bonus issue on April 29, 2025 (Positive)
BPCL: Company has signed a joint venture agreement with GPS Renewables to set up Compressed Biogas plants across India. (Positive)
Thyrocare Technologies: Net profit Rs. 21.57 Cr Vs Rs. 17.18 Cr, Revenue at Rs. 187.16 Cr Vs 154.25 Cr YoY. (Positive)
Tata Consumers: Net profit Rs. 345 Cr Vs Rs. 217 Cr, Revenue at Rs. 4608 Cr Vs 3927 Cr YoY (Positive)
Tamilnad Mercantile Bank: Net profit Rs. 291.90 Cr Vs Rs. 253.06 Cr, PPOP at Rs. 404 Cr Vs 366.55 Cr YoY. (Positive)
Tips Music: Net profit Rs. 31 Cr Vs Rs. 26 Cr, Revenue at Rs. 78 Cr Vs 63 Cr YoY. (Positive)
Persistent: Revenue: $375.2M, up 4.2% QoQ and 20.7% YoY. PAT: ₹3,957.6M, up 12.2% QoQ and 25.5% YoY (Positive)
GNA Axles: Net profit surges 50% to ₹25 crore on strong margin growth, announces a Rs. 3 dividend per share (Positive)
Silchar Tech: Net profit surges to ₹55 Cr vs ₹25 Cr YoY; revenue doubled. (Positive)
Kohinoor Foods: Company announced the sale of its factory unit in Haryana to RCM Consumer Products Private Limited for Rs 190 Crores. (Positive)
Adani Green: Arm enters into power purchase agreement with Uttar Pradesh Power Corporation Limited for supply of 1,250 mw energy storage capacity from pumped hydro storage projects (Positive)
EFC: Company Secures Interior Turnkey Fit out Contract worth Rs 1.83 billion (Positive)
Vascon Engineers: Company announced the receipt of a Letter of Intent from Royal Rides Pvt Ltd for a construction project in Goa. (Positive)
Trom Industries: Company announced receiving a work order from Ahmedabad Municipal Corporation. The order value is Rs 36.4 cr (Positive)
Servotech Renewable: Company secured Rs 15.89 Cr order from East Coast Railway for a 4.1 MW on-grid rooftop solar project. (Positive)
Panacea: Company has received an additional award worth $5.2 million from UNICEF for the supply of 40 million doses of its bivalent oral polio vaccine (Positive)
RPP Infra Projects: Company has completed the registration of 90.175 acres of land out of a total of 120 acres near the proposed new Chennai Airport for Rs 88.55 Cr (Positive)
Infosys: Company has incorporated a step-down wholly-owned subsidiary, Infosys Australia Technology Services Pty Ltd, in Australia. (Positive)
Synergy Green: Capri Global Holdings has bought a 1.1% stake in the company at an average price of Rs 473.58 per share. (Positive)
Can Fin Home: Net Profit at Rs 234 cr vs poll of Rs 220 cr, NII at Rs 365 cr vs poll of Rs 351 cr (Neutral)
Wendt (India) Ltd: Net profit Rs. 12.89 Cr Vs Rs. 13.38 Cr, Revenue at Rs. 75.60 Cr Vs 70.07 Cr YoY. (Neutral)
Hindustan Bio: Company announced the appointment of Mr. Devanshu Ravinder Dange as Company Secretary, Key Managerial Personnel, and Compliance Officer, effective April 23, 2025. (Neutral)
LTIMindtree: Net profit Rs. 1128.6 Cr Vs Rs. 1100.7 Cr, Revenue at Rs. 9771.7 Cr Vs 8892.9 Cr YoY (Neutral)
Jubilant FoodWorks: Company received a show cause notice from the Sales Tax Officer, Delhi, regarding alleged underreporting of turnover for FY2020-21, leading to a potential GST impact of Rs 17.91 Cr along with interest and penalty. (Neutral)
Bajaj Housing Finance: Net profit Rs. 587 Cr Vs Rs. 381 Cr, NII at Rs. 823 Cr Vs 629 Cr YoY. (Neutral)
Kimia Biosciences Ltd: Company announced the resignation of CFO, Mr. Rakesh Chetani, and effective May 11, 2025 (Neutral)
Astec Lifesciences: Net profit Rs. 16.07 Cr Vs loss Rs. 0.96 Cr, Revenue at Rs. 119.52 Cr Vs 153.74 Cr YoY. (Neutral)
Mangalam Global: Net profit Rs. 5.18 Cr Vs Rs. 11.77 Cr, Revenue at Rs. 536.72 Cr Vs 542.47 Cr YoY (Neutral)
Dalmia Bharat: Net Profit at Rs 439 cr vs poll of Rs 295 cr, Revenue at Rs 4,091 cr vs poll of Rs 4,154 cr (Neutral)
Syngene: Net Profit at Rs 183 cr vs poll of Rs 177 cr, Revenue at Rs 1018 cr vs poll of Rs 1066 cr (Neutral)
Deepak Fertilizers: Company incorporated a wholly-owned subsidiary, Deepak Globalchem Pte. Ltd., in Singapore on April 23, 2025. (Neutral)
Sunflag Iron: Purchase Agreement and will acquire a 26% stake in Sunsure Solarpark Thirty Seven Private Limited for Rs 5.775 crores to procure renewable energy (Neutral)
EKI Energy: Company has announced its acquisition of a 13% stake in Webricks Innovations Private Limited. (Neutral)
Filatex: Revenue from operations were ₹425.22 Cr, slightly down from ₹428.59 Cr in FY24. Net profit after tax increased to ₹13.46 Cr from ₹11.07 Cr YoY. (Neutral)
Biocon: Company gets board approval to raise up to ₹4,500 crore via securities issuance or NCDs or any other method (Neutral)
Persistent: Company announced the merger of its wholly-owned subsidiary, Arrka Infosec Private Limited. (Neutral)
Max India: Board has approved the issue price at Rs 150 per equity share for its rights issue worth Rs 125 crore. (Neutral)
Supreme Petrochem: Company reported a PAT of ₹106.9 crore, down 18.7%. Revenue declines 1.5% to Rs 1,539 crore Vs Rs 1,562.8 crore YoY (Neutral)
Navkar Urbanstructure: Ex-Bonus date today, Bonus 3:2. (Neutral)
Sterlite Tech: Ex- date today, Demerger of business. (Neutral)
HUHTAMAKI: Ex-Dividend date today, Dividend – Rs 2 Per Share. (Neutral)
Ami Organics Limited: Ex- date tomorrow, Face Value Split (Sub-Division) – From Rs 10/- Per Share To Rs 5/- Per Share (Neutral)
Spandana Sphoorty: Company announced the resignation of Mr. Shalabh Saxena as Managing Director & CEO, effective April 23, 2025 (Negative)
Rallis: Net loss at Rs 32 crore Vs loss of Rs 21 crore, Revenue declines 1.4% to Rs 430 crore Vs Rs 436 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.)
