Twenty stocks that may hog limelight today
63 Moons Technologies: The company informed that the Supreme Court of India has granted a stay on Securities Appellate Tribunal (SAT) order dated April 15, 2021, and permitted 63 Moons to continue providing straight-through processing (STP) gate services to its clients. The final hearing is scheduled in July 2021.
TCS: TCS launches cloud-based intelligent subscription solution for media companies to enhance customer experience and increase revenue.
Jindal Stainless Ltd: CRISIL Ratings assigns ‘CRISIL A+/Stable’ to long-term credit facilities of JSL.
Wipro: The company said it has earned Microsoft Windows Virtual Desktop Advanced Specialisation, a validation of a partner’s deep knowledge, extensive experience, and expertise in deploying, scaling & securing virtual desktop infrastructure on Azure.
Blue Dart: The company forms Blue Dart Med-Express Consortium to operate experimental unmanned aircraft system (UAS) for delivery of vaccines & emergency medical supplies.
Magadh Sugar & Energy: In Q4FY21, the company reported a total income of Rs 327 crore, a growth of 12 per cent YoY over Rs 292 crore in Q4FY20. PBT came in at Rs 34 crore as against Rs 47 crore (excluding exceptional items) in Q4FY20. Commenting on the results, CS Nopany, Co-Chairperson, Magadh Sugar & Energy Ltd said, “Strong export demands are arising primarily on account of lower output in major sugar producing countries like Brazil and Thailand. In addition, strong export has firmed the sugar prices in the domestic market.”
Vedanta: Revenue for Q4FY2021 was at Rs 27,874 crore, higher by 24 per cent QoQ & 43 per cent YoY, primarily due to higher volume at aluminium business, Zinc India, iron ore business, higher power sales at TSPL, and improved commodity prices. EBITDA for Q4 FY2021 was at Rs 9,107 crore, higher by 18 per cent QoQ & 88 per cent YoY.
Maithan Alloys: The company’s Q4 profit is up by 32 per cent at Rs 85 crore while the total revenue from operations grew by 23 per cent YoY. Meanwhile, manufacturing revenue rose by 17 per cent YoY.
Lupin: The company reported a jump of 18.2 per cent in its consolidated net profit to Rs 460.4 crore in Q4FY21 as against Rs 389.6 crore in Q4FY20. On the other hand, revenue saw a marginal dip of 1.6 per cent YoY to Rs 3,783.1 crore as compared to the previous year’s Rs 3,845.7 crore.
HCC: Hindustan Construction Company Ltd (HCC), in a joint venture with KEC International Limited (KEC), has been awarded Rs 1,147 crore contract by Chennai Metro Rail Limited (CMRL).
Trigyn Technologies: For the year ended on March 31, 2021, on a consolidated basis, Trigyn Technologies has achieved growth of 8.22 per cent with revenue of Rs 98,541.42 lakh as against Rs 91,054.58 lakh in the previous year. The earnings after tax for the same period is Rs 6,217.29 lakh as against Rs 5,010.36 lakh in the previous year.
Equitas Small Finance Bank: Collection efficiency for the month of April came at 105.16 per cent while billing efficiency for the same month stood at 84.68 per cent. MD and CEO of Bank commented, “The recent surge in infections along with localised and regional lockdowns is going to delay the return to normalcy. April 2021 collections remained at a decent level since the first 15 days were broadly normal across the nation. An increase in the localised and regional lockdowns may impact collection for the month of May 2021 as well as dampen economic revival.”
NXT Digital: Revenue for the quarter ending March 31, 2021, grows by 6.95 per cent over the previous quarter and by 22.38 per cent over the corresponding quarter of the previous year. EBIDTA for the quarter increased by 8.10 per cent over the previous quarter and by 167 per cent over the corresponding quarter of the previous year.
JK Tyre: The company has achieved all time high-capacity utilisation and the best ever operating efficiencies on several parameters in the second half of the year, following the business disruption in the first half due to the COVID-19 pandemic. Increased volumes in all categories, operational excellence apart from tighter control on costs led to the best ever profitability.
KEC International: The company has secured new orders worth Rs 1,514 crore across its various businesses.
Pidilite Industries: Pidilite Industries reports consolidated net sales growth of 45 per cent over the same quarter last year along with EBITDA growth of 52 per cent for the quarter ended March 31, 2021.
Dredging Corporation: Dredging Corporation commences maintenance dredging work at Paradip Port.
Hindalco Industries: Novelis reports Q4 and full fiscal year 2021 results. Strong operational performance and ongoing successful Aleris integration drive record fiscal year.
Cupid Ltd: The company informed about the closure of factory situated at Sinnar (Nashik) due to COVID-19.
HFCL: The company has launched its Telecom Infra Project (TIP) Open Wi-Fi compliant access points. TIP is a global community of companies & organisations that are driving infrastructure solutions to advance global connectivity. The TIP Open Wi-Fi platform will ensure plug-and-play interoperability across multiple vendors resulting in a faster rollout of features.