Here’s a look at buzzing stocks for trade on May 14

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The Indian market is likely to open on a cautious note Friday. The SGX Nifty was trading around 14,686 versus Nifty May Futures’ previous close of 14,708.

Here are the top 10 buzzing stocks for today:

1. Infosys: The company has collaborated with RXR Realty to develop a smart office platform running on Microsoft Azure for safe return to work.

2. UPL: The company’s Q4FY21 consolidated profit jumped 73.6 percent to Rs 1,361 crore from Rs 784 crore and revenue rose 14.9 percent to Rs 12,796 crore from Rs 11,141 crore, YoY.

3. Vedanta: The company reported a consolidated profit of Rs 6,432 crore for March quarter 2020-21 as against a loss of Rs 12,521 crore in the year-ago period. Revenue increased to Rs 29,065 crore from Rs 20,382 crore, YoY.

4. Jindal Steel & Power: The company reported Q4FY21 consolidated profit at Rs 2,139.28 crore against Rs 305.62 crore and revenue jumped to Rs 11,880.61 crore from Rs 6,795.18 crore, YoY.

5. Torrent Pharmaceuticals: The company has entered into a voluntary licensing agreement with Lilly for Baricitinib for Covid-19 in India.

6. Apollo Tyres: The company’s Q4FY21 consolidated profit jumped to Rs 287.3 crore from Rs 77.86 crore, revenue climbed to Rs 5,025.7 crore from Rs 3,615.57 crore, YoY.

7. Hindalco Industries: Subsidiary Novelis’ Q4FY21 net income from continuing operations rose 186 percent YoY to $180 million and net sales increased 33 percent YoY to $3.6 billion.

8. Tata Power Company: The company’s Q4FY21 profit of Rs 570 crore beat the estimate of Rs 386 crore, revenues too came in ahead of estimates at Rs 10,127 crore, up 53% YoY.

9. Piramal Enterprises: The company reported a net loss of Rs 510.4 crore in Q4FY21 versus a loss of Rs 1,702.6 crore, YoY. Revenue was up 1.8 percent to Rs 3,401.6 crore from Rs 3,341 crore, YoY.

10. Happiest Minds Technologies: The company’s Q4FY21 consolidated net profit jumped to Rs 36.05 crore from Rs 5.30 crore, while revenue rose 18.4 percent to Rs 220.71 crore from Rs 186.35 crore, YoY.

Here’s a look at buzzing stocks for trade on May 12

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The Indian market is likely to open on a cautious note Wednesday following losses in Asian peers as investors feared rising inflation in the United States could lead to rate hikes and higher bond yields globally. The trend on SGX Nifty also indicated a flat start for the broader index in India. The Nifty futures were trading 6.00 points or 0.04 percent lower at the 14,844.00 level on the Singaporean Exchange at 7:45 am.

Here are the top 10 buzzing stocks for today:

1. Telecom Stocks: Reliance Jio added 4.2 million mobile subscribers, Bharti Airtel added 3.7 million users, while Vodafone Idea added 6.5 lakh users in February, according to TRAI data.

2. Infosys: The company announced a strategic collaboration with Britvic to accelerate its digital strategy.

3. Mahindra & Mahindra: The company said its sales volume for the quarter ended June 2021 is estimated to be lower by 15-20 percent as compared to the year-ago period due to the second wave of the coronavirus pandemic. The revenue and profitability will also be impacted in line with the fall in volumes. However, the company is taking various cost optimisation measures to limit the adverse impact, M&M said.

4. Dr Reddy’s Laboratories: The company has entered into a royalty-free, non-exclusive voluntary licensing agreement with Eli Lilly for the manufacture and commercialization of the drug, baricitinib, in India.

5. Siemens: The company’s consolidated profit in the quarter ended March 2021 jumped 90 percent to Rs 334.4 crore from Rs 175.7 crore, while revenue increased 31.9 percent to Rs 3,483.7 crore from Rs 2,640.2 crore, YoY.

6. Godrej Consumer Products: The company’s Q4FY21 consolidated profit rose 59.1 percent to Rs 365.84 crore from Rs 229.9 crore and revenue increased 26.8 percent to Rs 2,730.74 crore from Rs 2,153.80 crore, YoY.

7. NBCC (India): The company has submitted a revised resolution plan for Jaypee Infratech under IBC.

8. ABB Power Products and Systems India: The company has closed its manufacturing facility in Peenya, Bengaluru, from Monday onwards in view of COVID-19 restrictions in place in Karnataka.

9. Kalpataru Power Transmission: The company’s Q4FY21 consolidated profit jumped to Rs 174 crore from Rs 31 crore, while revenue rose to Rs 4,086 crore from Rs 3,527 crore YoY.

10. JM Financial: The company said the challenges posed to the economy due to the second wave of the COVID-19 pandemic may impact its income, liquidity position as well as demand for its financial products.

(Disclosure: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.)

Here’s a look at buzzing stocks for trade on May 11

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The Indian stock market is expected to open lower as trends on SGX Nifty indicate a gap-down opening for the index in India with a 220-points loss.

Here are the top 10 buzzing stocks for today:

1. Hindustan Unilever: The company’s Executive Director (Foods and Refreshment) Sudhir Sitapati is leaving the organisation and will be replaced by Srinandan Sundaram as part of top-level management changes.

2. JSW Energy: The company’s subsidiary JSW Hydro Energy has raised USD 707 million through US dollar-denominated senior secured notes.

3. Punjab National Bank: The bank’s board has approved raising equity capital via Qualified Institutional Placement (QIP) at a floor price of Rs 35.51 per equity share.

4. Indian Overseas Bank: The bank’s board will meet next week to issue preference shares to the government for a Rs 4,100 crore capital infusion.

5. InterGlobe Aviation: The company’s board has approved raising up to Rs 3,000 crore through the sale of shares to institutional investors.

6. HFCL: The company reported a higher consolidated profit at Rs 84.67 crore in Q4FY21 against Rs 5.78 crore, YoY. Revenue jumped to Rs 1,391.4 crore from Rs 663.19 crore, YoY.

7. JMC Projects (India): The company reported consolidated profit at Rs 41.44 crore in Q4FY21 against a loss of Rs 54.76 crore in Q4FY20. Revenue rose to Rs 1,392.22 crore from Rs 976.28 crore, YoY. The company approved the appointment of Azad Shaw as a Chief Financial Officer.

8. HSIL: The company’s Q4FY21 profit jumped to Rs 33.02 crore from Rs 3.38 crore, while revenue rose to Rs 633.21 crore from Rs 461.03 crore, YoY.

9. Chambal Fertilisers and Chemicals: The company reported sharply higher profit at Rs 447.89 crore in Q4FY21 against Rs 197.55 crore, YoY, while revenue fell to Rs 1,640.76 crore from Rs 1,969.09 crore, YoY.

10. Indian Bank: CARE Ratings has assigned CARE AAA, Outlook Stable rating to the bank’s proposed Basel III Tier 2 Bonds of Rs 1,000 crore and CARE AA, Outlook Stable rating to its proposed Basel III Additional Tier 1 (AT1) perpetual Bonds of Rs 500 crore.

Here’s a look at buzzing stocks for trade on May 10

BSE joins hands with Telangana govt to help MSMEs raise equity funds

The Indian market is likely to open higher Monday as the trend on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading 139.50 points or 0.94 percent higher at the 15,008.0 level on the Singaporean Exchange at 8:20 am.

Here are the top 10 buzzing stocks for today:

1. Hero MotoCorp: The company has decided to extend the shutdown at its manufacturing facilities across India, its Global Parts Center (GPC) in Neemrana and its R&D facility – the Centre of Innovation and Technology (CIT) in Jaipur – by another week, till May 16, 2021.

2. Maruti Suzuki: The company has extended the shutdown at its plant till May 16, 2021, keeping in view the current pandemic situation.

3. HDFC: The corporation has entered into a share purchase agreement to sell 44.12 lakh shares representing 0.62 percent equity of HDFC Ergo to ERGO International AD, to comply with RBI norms of bringing the former’s stake to below 50 percent.

4. UltraTech Cement: The company’s Q4FY21 consolidated net profit declined 45.2 percent to Rs 1,774.13 crore from Rs 3,236.85 crore, while revenue from operations rose 32.72 percent to Rs 14,405.61 crore from Rs 10,854.48 crore, YoY.

5. Avenue Supermarts: The company’s Q4FY21 consolidated profit rose 52.6 percent to Rs 414.2 crore from Rs 271.5 crore and revenue increased 18.5 percent to Rs 7,411.7 crore from Rs 6,255.9 crore, YoY.

6. Bandhan Bank: The bank’s Q4FY21 net profit fell 80.1 percent to Rs 103 crore from Rs 517.3 crore, while net interest income rose 4.6 percent to Rs 1,757 crore from Rs 1,680 crore, YoY.

7. Jubilant Pharmova: The company’s subsidiary Jubilant Pharma received favorable ruling from the United States Court of Appeals regarding Jubilant’s RUBY-FILL Generator and RUBY Rubidium Elution System.

8. Delta Corp: The casinos operated by the company and its subsidiaries in Goa will remain closed till May 24, 2021. The company said it is unable to estimate the quantum of potential losses on account of this temporary closure and the pandemic at this time.

9. Amara Raja Batteries: The company has resumed operations at its plants at Chittoor district in Andhra Pradesh.

10. IDFC First Bank: The bank reported a sharply higher profit at Rs 127.81 crore in Q4FY21 against Rs 71.54 crore, YoY. Net interest income rose to Rs 1,960.26 crore from Rs 1,699.98 crore, YoY.

Here’s a look at buzzing stocks for trade on May 7

Indian indices are likely to open higher on Friday tracking gains in global peers. The trend on SGX Nifty also indicates a positive start for the broader index in India. The Nifty futures were trading 74.00 points or 0.50 percent higher at the 14871.00 level on the Singaporean Exchange at 8:00 am.

Here are the top 10 buzzing stocks for today:

1. Hero MotoCorp: The company’s Q4FY21 standalone net profit rose 39.4 percent to Rs 865 crore from Rs 620.7 crore, while revenue grew by 39.2 percent to Rs 8,686 crore from Rs 6,238 crore, YoY. Volume growth during the quarter was 18.5 percent.

2. Tata Consumer Products: The company reported Q4FY21 consolidated profit at Rs 53.9 crore against a loss of Rs 76.49 crore, while revenue at Rs 3,037.22 crore versus Rs 2,405.03 crore, YoY.

3. SBI Life Insurance: Carlyle will sell a 3.5 percent stake in the company at an offer price of Rs 945 per share via a block deal.

4. Adani Transmission: The company’s Q4FY21 consolidated net profit jumped to Rs 238.42 crore from Rs 94.30 crore, while revenue fell to Rs 2,726.61 crore from Rs 3,186.96 crore, YoY.

5. Zensar Technologies: UK-based FinTech Infinity Circle selected Zensar for end-to-end development of its next-gen wealth management platform.

6. Adani Power: The company reported Q4FY21 consolidated profit at Rs 13.13 crore against a loss of Rs 1,312.86 crore, YoY, while revenue at Rs 6,373.6 crore versus Rs 6,172.43 crore, YoY.

7. India Grid Trust: The company has raised Rs 1,000 crore through the issuance of non-convertible debt securities (NCDs).

8. Raymond: The company reported a net profit of Rs 58.36 crore in Q4FY21 as against a net loss of Rs 69.10 crore, while total income rose 9.03 percent to Rs 1,407.45 crore from Rs 1,290.87 crore, YoY.

9. Aurionpro Solutions: Aurionpro exited from the cybersecurity business with the sale of its investment to Forcepoint LLC., USA. The deal, for the divestment of all stake held by Aurionpro in its cybersecurity business, is valued at a consideration of $9.6 million.

10. NLC India: The company has raised Rs 650 crore by issuing commercial paper.

Here’s a look at buzzing stocks for trade on May 6

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The Indian market is likely to open higher Thursday as the trend on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading 65.5 points or 0.45 percent higher at the 14758.50 level on the Singaporean Exchange at 7:45 am.

Here are the top 10 buzzing stocks for today:

1. Tata Steel: The company posted a consolidated profit of Rs 6,644.1 crore in Q4FY21 as against a loss of Rs 1,481.3 crore, YoY. Consolidated revenue from operations rose 38.8 percent to Rs 49,977.4 crore from Rs 36,009.4 crore, YoY.

2. Tata Motors: The Competition Commission has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to dealership agreements.

3. Wipro: The company has partnered with Transcell Oncologics to transform vaccine safety assessment using augmented intelligence.

4. Maruti Suzuki: The company’s total production in April 2021 fell 7 percent to 1,59,955 units from 1,72,433 units in March 2021.

5. IDBI Bank: The Cabinet Committee on Economic Affairs (CCEA) has granted approval for strategic disinvestment of the bank.

6. Adani Green Energy: The company reported a consolidated profit of Rs 104 crore for Q4FY21 against Rs 56 crore, while revenue rose to Rs 986 crore from Rs 696 crore, YoY.

7. JM Financial: The company’s profit in Q4FY21 rose 35.35 percent growth to Rs 176.71 crore from Rs 130.56 crore, while revenue remained flat at Rs 841.13 crore, YoY.

8. Indian Bank: The bank has declared the NPA account of Saravana Stores with an outstanding balance of Rs 231 crore as fraud.

9. Maharashtra Seamless: ONGC has issued the letter of award to Jindal Drilling & Industries for the deployment of Jack-up drilling rig ‘Jindal Explorer’ owned by Maharashtra Seamless on charter hire contract for a period of 3 years.

10. Blue Dart Express: The company reported a net profit of Rs 90 crore in the quarter ended March 2021 as against a net loss of Rs 30.57 crore, YoY. Total income rose 34.11 percent to Rs 975.64 crore from Rs 727.49 crore, YoY.

Here’s a look at buzzing stocks for trade on May 5

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The Indian market is likely to open higher Wednesday as market participants await RBI Governor’s address later today. Meanwhile, the trend on SGX Nifty also indicates a positive start for the broader index in India. The Nifty futures were trading 60.0 points or 0.41 percent higher at the 14592.50 level on the Singaporean Exchange at 8:15 am.

Here are the top 10 buzzing stocks for today:

1. Telecom Companies: The Department of Telecommunications (DoT) on May 4 gave permission to Telecom Service Providers (TSPs) to conduct trials for use and applications of 5G technology for a period of six months. The six-month trial period includes a two-month period for procurement and setting up of the equipment.

2. Adani Ports & SEZ: The company’s Q4FY21 net profit jumped to Rs 1,320 crore from Rs 340 crore, while revenue rose 23.5 percent to Rs 3,608 crore from Rs 2,921 crore, YoY.

3. Larsen & Toubro Infotech: The company reported a higher consolidated profit at Rs 545.7 crore in Q4FY21 against Rs 519.3 crore; revenue rose to Rs 3,269.4 crore from Rs 3,152.8 crore, QoQ.

4. RBL Bank: The bank’s net profit in Q4FY21 fell 34 percent to Rs 75.34 crore in Q4FY21 from 114 crore, while net interest income declined 11 percent to Rs 906 crore from Rs 1,021 crore, YoY.

5. Adani Total Gas: The company’s Q4FY21 consolidated profit rose 18.3 percent to Rs 143.73 crore from Rs 121.41 crore, revenue jumped 25.3 percent to Rs 614.47 crore from Rs 490.32 crore, YoY.

6. Hindustan Aeronautics: The company and Rolls-Royce have signed MoU to establish packaging, installation, marketing and services support for Rolls-Royce MT30 marine engines in India.

7. Greaves Cotton: The company’s Q4FY21 net profit rose to Rs 13.65 crore from Rs 0.55 crore, while revenue jumped to Rs 520.4 crore from Rs 386.19 crore, YoY.

8. Procter & Gamble Hygiene and Health Care: The company’s profit in Q4FY21 rose to Rs 98.33 crore from Rs 91.1 crore, while revenue increased to Rs 759.66 crore from Rs 656.05 crore, YoY.

9. IIFL Securities: The company net profit in Q4FY21 jumped to Rs 77.6 crore from Rs 37.2 crore, total income rose by 22 percent to Rs 256.3 crore from Rs 209.8 crore, YoY.

10. Shalby: Mars Medical Devices Ltd, a wholly-owned subsidiary of the company has agreed to acquire 100 percent equity shares capital of Shalby Advanced Technologies Inc., Wilmington, Delaware, USA based on Common Stock Purchase Agreement for USD 5,000.

Here’s a look at buzzing stocks for trade on May 4

The Indian market is likely to open flat on Tuesday following a flat trend on SGX Nifty. The Nifty futures were trading 49 points or 0.33 percent lower at 14,651 level on Singapore Exchange.

Here are the top 10 buzzing stocks for today:

ICICI Bank: A penalty of Rs 3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday. The RBI has imposed a monetary penalty of Rs 3 crore on ICICI Bank for “contravention of certain directions issued by the RBI contained in Master Circular on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks’ dated July 1, 2015”, the central bank said in a statement.

IDBI Bank: The bank reported a standalone profit of Rs 512 crore in Q4FY21 against the profit of Rs 135 crore it posted in the year-ago period. It has reported a 38 percent growth in its net interest income.

Home First Finance Company India: The company reported a profit of Rs 31 crore for Q4FY21, against Rs 12 crore a year ago. Its total income rose from Rs 106 crore to Rs 136 crore YoY.

L&T Technology Services: L&T reported a consolidated profit of Rs 204.8 crore for Q4FY21, against Rs 186.1 crore a quarter ago. Its revenue rose from Rs 1,400.7 crore to Rs 1,446.6 crore QoQ.

JSW Energy: JSW Renew Energy, the wholly-owned subsidiary of JSW Future Energy, has signed the largest power purchase agreement with Solar Energy Corporation of India for extended capacity of 540 MW out of total capacity of 810 MW.

Tata Chemicals: The company reported a consolidated profit of Rs 29.26 crore for Q4 of financial year 21, against Rs 197.56 crore reported in Q4FY20. Its revenue increased from Rs 2,378.09 crore to Rs 2,636.21 crore YoY.

Motherson Sumi Systems: Its subsidiary Motherson Rolling Stock Mexico, S. de R.L. de C.V. has acquired the manufacturing site of Bombardier Transportation in Mexico.

Bafna Pharmaceuticals: The company has added two fully automated packaging lines to its existing capacity. The lines have been approved by the UK-MHRA for the United Kingdom and the European Union (EU).

Aarti Drugs: CRISIL reaffirmed long-term credit rating on the bank facilities of the company at AA-/Stable and short-term credit rating at A1+.

Tribhovandas Bhimji Zaveri: The company reported a consolidated profit of Rs 9.36 crore in Q4 FY21 against Rs 2.83 crore in Q4 FY20, revenue jumped to Rs 366.07 crore from Rs 342.52 crore.

Here’s a look at buzzing stocks for trade on May 3

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The Indian market is likely to open lower Monday as the trend on SGX Nifty indicates a weak start for the broader index in India. The Nifty futures were trading 195.50 points or 1.34 percent lower at the 14,445.50 level on the Singaporean Exchange at 7:55 am.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company’s Q4FY21 consolidated net profit rose to Rs 13,227 crore from Rs 13,101 crore, while revenue rose 24.9 percent to Rs 1,54,896 crore from Rs 1,23,997 crore, QoQ.

2. Tata Consultancy Services: Samir Seksaria has taken over as Chief Financial Officer of TCS effective May 1.

3. IndusInd Bank: The bank’s Q4FY21 net profit jumped to Rs 876 crore from Rs 301.8 crore, while net interest income increased 9.4 percent to Rs 3,534.6 crore from Rs 3,231.2 crore, YoY.

4. Yes Bank: The bank posted a loss of Rs 3,787.75 crore in Q4FY21 against a loss of Rs 3,668.3 crore in Q4FY20, while net interest income fell to Rs 986.7 crore from Rs 1,273.7 crore, YoY.

5. Tata Motors: The company’s sales in April dropped by 40.6 percent to 41,739 vehicles from 70,263 vehicles sold in March 2021.

6. Maruti Suzuki India: The company sold 1,59,691 vehicles in April 2021, declining from 1,67,014 vehicles in March 2021.

7. Mahindra & Mahindra: The company’s overall auto sales for the month of April 2021 stood at 36,437 vehicles. Total tractor sales during the month stood at 27,523 units.

8. State Bank of India: The bank has reduced home loans rates to 6.70 per cent.  Also, women borrowers will get a special concession of 5 bps.

9. Hero MotoCorp: The company sold 3,72,285 units last month, down by 35 percent from 5,76,957 units dispatched in March this year.

10. Eicher Motors: The company’s group firm VE Commercial Vehicles reported total sales of 2,145 units in April. Royal Enfield’s total sales in April fell 19 percent to 53,298 units from 66,058 units in March this year.

Here’s a look at buzzing stocks for trade on April 30

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The Indian market is likely to open lower Friday following mixed global cues. The trend on SGX Nifty also indicates a negative start for the broader index in India. The Nifty futures were trading 185.00 points, or 1.24 percent, lower at 14,747.00 on the Singaporean Exchange at 8:00 am.

Here are the top 10 buzzing stocks for today:

1. Wipro: The company has partnered with Citrix Systems and Hewlett Packard Enterprise to accelerate remote working solutions and bring modernization into workspaces.

2. Titan Company: The company’s Q4FY21 standalone net profit rose 48.2 percent to Rs 529 crore from Rs 357 crore, while revenue jumped 61.1 percent to Rs 7,135 crore from Rs 4,429 crore, YoY.

3. Ambuja Cement: The company’s Q1CY21 net profit rose 66.6 percent to Rs 664.6 crore from Rs 399 crore, while revenue increased 28.1 percent to Rs 3,621.4 crore from Rs 2,827.5 crore, YoY. Sales volume rose to 7.17 mt versus 5.76 mt, YoY.

4. Escorts: The company will be temporarily shutting down its manufacturing operations, on a selective basis, between 1st May 2021 and 3rd May 2021, as a precautionary measure considering COVID-19 spread escalation. There will be no impact on fulfilling customer demand because of this as the company has sufficient inventory at hand, it said.

5. Persistent Systems: The company’s Q4FY21 net profit rose 13.9 percent to Rs 137.7 crore from Rs 120.9 crore, while revenue increased 3.5 percent to Rs 1,113.3 crore from Rs 1,075.4 crore, QoQ.

6. Aptech: The company’s board has appointed Rakesh Jhunjhunwala as the “Chief Mentor” of the company to obtain his advisory services and required guidance on strategic matters.

7. Ujjivan Financial Services: The company’s minority shareholders have rejected a special resolution to appoint founder and chairman Samit Ghosh as managing director and chief executive officer of the company. The shareholders also did not approve the special resolution to re-appoint Abhijit Sen as an independent director.

8. Mahindra Logistics: The company reported a 20 percent growth in Q4FY21 net profit at Rs 12 crore as against Rs 10 crore, YoY, mainly driven by e-commerce, consumer, automotive and freight forwarding businesses. Revenue rose 20 percent to Rs 974 crore from Rs 812 crore, YoY.

9. Motilal Oswal Financial Services: The company posted its highest-ever quarterly net profit of Rs 448 crore in Q4FY21, driven by Rs 264 crore investment gains. The company had posted a loss of Rs 253 crore in the year-ago quarter. Revenue over jumped over 315 percent to Rs 1,200 crore, YoY.

10. Zensar Technologies: The company’s consolidated net profit in Q4FY21 rose 27.6 percent to Rs 90.5 crore from Rs 70.9 crore, while revenue fell 10.2 percent to Rs 876.7 crore from Rs 976.3 crore, YoY.