Stocks in the news: Infosys, Bosch, HPCL, Axis Bank, Indiabulls Housing, Tanla Platforms and Coforge
Havells India, Bosch, HPCL: Havells India, Bosch, HPCL, Relaxo Footwears, Torrent Power, ZEE Entertainment, KNR Constructions,
, Meghmani Organics and Usha Martin are among companies which will announce their March quarter results today.
Infosys: Co-founder S D Shibulal on Wednesday purchased shares worth Rs 100 crore of the IT major through an open market transaction. Shibulal bought over 7.53 lakh shares at an average price of Rs 1,327 per share, valuing the transaction at Rs 100 crore, BSE block deal data showed.
Axis Bank: The central government’s sale of shares, held through SUUTI, in
got subscribed over four times on the first day of offer on Wednesday, according to DIPAM Secretary Tuhin Kanta Pandey. The government is selling up to 5.80 crore shares or 1.95 per cent stake held through the Specified Undertaking of the Unit Trust of India (SUUTI) in Axis Bank at a floor price of Rs 680 apiece.
Indiabulls Housing Finance: Mortgage financier Indiabulls Housing Finance reported a two-fold jump in its profit after tax to Rs 276 crore in the quarter ended March 2021 helped by stable asset quality. The lender had reported a profit after tax of Rs 137 crore in the corresponding quarter of FY20.
Tanla Platforms: Cloud communications firm Tanla Platforms reported a consolidated net profit of Rs 102.54 crore for the fourth quarter ended March 2021. The company had posted a consolidated net loss of Rs 89.12 crore in the year-ago period.
JK Tyre and Industries: The company reported a consolidated profit after tax of Rs 194.96 crore for the March quarter of the previous fiscal against a consolidated loss of Rs 52.78 crore in the year-ago period. Revenue from operations in the quarter under review rose by 63.21 per cent to Rs 2,927.28 crore compared to Rs 1,792.56 crore in Q4FY20, the company said.
NBCC: State-owned construction firm NBCC (India) said it has bagged a contract worth about Rs 597 crore in Uttarakhand. It has been awarded the work order for comprehensive design, engineering and project management consultancy (PMC) services for construction and development of infrastructural facilities in the main campus of National Institute of Technology, Uttarakhand at Sumari (Pauri Garhwal).
Biocon: Markets regulator Sebi imposed a total fine of Rs 14 lakh on
and its designated person for violation of market norms. Designated person of the firm, Narendra Chirmule, who was employed with the company as senior vice president-R&D is facing a fine of Rs 5 lakh for trading in the company’s securities when the trading window was closed.
TCI Express: The company reported a 123.9 per cent rise in net profit at Rs 42.57 crore for the quarter ended March 31. The company had posted a net profit of Rs 19.01 crore in the year-ago period, TCI Express said in a filing to the BSE. Its net sales in January-March 2021 increased to Rs 279.80 crore, compared with Rs 237.94 crore in the year-ago period, the filing said.
DHFL: The National Company Law Tribunal (NCLT) directed the administrator of DHFL to present the settlement offer of the non-banking financial company’s ousted promoter Kapil Wadhawan before the creditors for their consideration.
(IOC): The nation’s biggest oil firm, on Wednesday reported a better-than-expected net profit of Rs 8,781.30 crore in the March quarter, helped by a surge in refining margins as higher crude prices boosted the inventory value.
IDBI Bank: The bank announced the launch of its fully digitised loan processing system, offering over 50 products to MSME and agriculture sector. The Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage, account management and customer notifications among others, IDBI Bank said in a release.
Coforge: Promoter Hulst BV sold 31 lakh shares of information technology solutions company Coforge at an average price of Rs 3,250.58 per share, BSE data showed. This amounts to 5.1 per cent stake in the company. Hulst BV held 63.99 per cent stake or 3.88 crore shares in Coforge at the end of the March quarter.
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