Image Courtesy: business-standard.com
On Thursday, Nifty futures on Singapore Exchange (SGX) traded 36 points higher at 15,708, denoting a positive start for the benchmark indices.
Steel Authority of India (SAIL), National Hydroelectric Power Corporation (NHPC), Century Plyboards (India), Cera Sanitaryware, Mazagon Dock Shipbuilders, eClerx Services and National Fertilizers are the prime companies to announce their March quarter results today.
The top stocks to track today are:
Bata India: On Wednesday, it reported a 23.3 percent YoY fall in the consolidated net profit at ₹29.47 crore for the fourth quarter that ended on March 31, 2021. During the quarter, revenue from operations was down to ₹580.90 crore.
Crompton Greaves: On Wednesday, Advent International Corp divested its 5.36 percent stake entirely in Crompton Greaves Consumer Electrical for over a ₹1,348 crore through various open market transactions.
HDFC: According to the mortgage lender, certain pledged shares of Reliance Capital worth ₹16 crore has been sold by HDFC in the secondary market sale through stock exchanges.
GAIL India: Chairman Manoj Jain has said that the company plans to list two of its gas pipeline projects via an infrastructure investment trust.
LT Foods: A wholly-owned subsidiary, LT Foundation, has been established by the company.
MMTC: The board has approved the debt restructuring scheme of the state-owned company. It envisages settlement of dues of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL).
Prestige Estates Projects: As the company expands to new cities, it expects the annual sales to reach ₹8,000-10,000 crore over the next three years.
Reliance Power: On June 13, the board will be considering a proposal to raise long term resources at its meeting.
Tech Mahindra: To upgrade its capabilities in various segments, the company is looking for acquisitions in Europe.