BHEL, Metropolis Healthcare, Aether Industries, Eris Lifesciences, GPT Healthcare, Greenply Industries, GSFC, IRCON International, JK Tyre & Industries, Laxmi Organic Industries, PI Industries,
Ramco Systems, RateGain Travel Technologies, Religare Enterprises, Va Tech Wabag, and Welspun Enterprises will release March quarter earnings on May 21.
Earnings Announced Post Market Hours on May 18
Ujjivan Small Finance Bank Q4 (YoY)
1) Profit up 6.5% at Rs 329.6 crore
2) Net interest Income grows 26.4% to Rs 933.5 crore
3) Gross NPA rises to 2.23% Vs 2.18% (QoQ)
4) Net NPA increases to 0.28% Vs 0.17% (QoQ)
Trident Q4 (Consolidated YoY)
1) Profit tanks 55% at Rs 59 crore Vs Rs 130.7 crore
2) Revenue grows 7% to Rs 1,682.3 crore Vs Rs 1,573.3 crore
Major Updates
US FDA Inspection at Lupin Facility
The US Food and Drug Administration (US FDA) has concluded a pre-approval inspection at Lupin’s Somerset, New Jersey manufacturing facility.
The inspection was conducted during May 7 and May 17, 2024, and closed with an issuance of a Form-483 with six observations.
Patanjali Foods Clarification
Patanjali Foods issued a clarification note on media reports related to unsafe Patanjali Soan Papdi, stating that the food business came under Patanjali Foods only in July 2022, thus denying any connection with the matter.
Stock Market Updates
Foreign Institutional Investor (FII) Stake Sales
CG Power and Industrial Solutions: A foreign institutional investor (FII) shareholder is likely to sell a stake worth Rs 425 crore in CG Power on May 21 via a block deal.
Indus Towers: Another FII shareholder is likely to sell a stake worth Rs 270 crore in Indus Towers on May 21 via a block deal.
New Listings
1) Mandeep Auto Industries will list its equity shares on the NSE Emerge on May 21 at Rs 67 per share.
2) Veritaas Advertising will commence trading of its equity shares on the NSE Emerge, with an issue price of Rs 114 per share.
3) ABS Marine Services will debut on the NSE Emerge on May 21, with the final issue price set at Rs 147 per share.
F&O Ban
Several companies including Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, and others are under the F&O ban list.
