Stock In News for 26th April 2021, Monday.

Apr 27, 2021 Indian Stock Market

Stock In News for 26th April 2021, Monday.

*Balrampur Chini:* The Outlook on the long-term rating has been revised from Stable to Positive by CRISIL. (Positive)

*Wendt Q4:* Standalone Sales higher by 83 percent, PAT higher by 648 percent (Positive)

*Control Print Q4:* Profit at Rs 10.6 crore versus Rs 2.7 crore, Revenues at Rs 61.1 crore versus Rs 46.2 crore YoY (Positive)

*ICICI Bank:* The bank reported a net profit of Rs 4,402.6 crore in Q4FY21 as against Rs 1,221.4 crore while net interest income jumped to Rs 10,431 crore from Rs 8,928 crore, YoY. (Positive)

*Hester:* Company launched a range of Herbal Veterinary Products. (Positive)

*Ramco Systems:* Company established a subsidiary in Japan (Positive)

*Wipro* achieves Google Cloud Partner Specialization in Application Development (Positive)

*RK Forging:* Company has started commercial production of 7000T Press from its Plant-V, situated at Saraikala, Jamshedpur (Positive)

*JSW Energy:* The Barmer Plant successfully completed a best practice Five Star Occupational Health and Safety Audit conducted by the British Safety Council demonstrating. (Positive)

*JSW Steel* to supply 900 tonnes oxygen daily; estimates oxygen supply of 20,000 tonnes by April end. (Positive)

*Steel makers* supply 1.43 lakh MT medical oxygen since Sep 20: Official data. (Positive)

*Morepen Laboratories:* The company said its board will meet this week to consider fundraising. (Positive)

*Srei Infrastructure Finance:* The company’s wholly-owned subsidiary Srei Equipment Finance has received an expression of interest for capital infusion from Cerberus Global Investments (Positive)

*Hathway:* Company announced OFS upto 20.54 crore share with floor price Rs 21.5 per share (Neutral)

*Shalby:* Company announced OFS upto 58.1 lakh share with floor price Rs 111.0 per share. (Neutral)

*AB Capital Q4: Profit at Rs 3.7 crore versus Rs 2.8 crore, Revenues at Rs 49.0 crore versus Rs 44.5 crore YoY*. (Neutral)

*M&M Fin Q4: Profit at Rs 218.0 crore versus Rs 238.0 crore, Revenues at Rs 2895.0 crore versus Rs 2989.0 crore YoY*. (Neutral)

*HCL Tech Q4: Profit at Rs 2962.0 crore versus poll of Rs 3000.0 crore, Revenues at Rs 19641.0 crore versus poll of Rs 19824.0 crore*. (Neutral)

*IB Real Q4:* Profit at Rs 94.5 crore versus Rs 109.7 crore, Revenues at Rs 731.7 crore versus Rs 721.7 crore YoY (Neutral)

*Oriental Hotels:* The company reported a standalone net loss of Rs 4.64 crore in Q4FY21 as against a loss of Rs 18 lakh, YoY. Revenue fell to Rs 54.21 crore from Rs 72.20 crore, YoY. (Neutral)

*F M Goetze:* Company announced OFS upto 1.11 crore share with floor price Rs 250.0 per share. (Negative)

*Zuari Agro Chemicals:* The company’s NPK B Plant has been shut down since 24th April 2021 due to the unavailability of raw materials. (Negative)

Covid-19 Pandemic: Steel Plants In India Hike Oxygen Production Capacity

Covid-19 Pandemic: Against the2,834 metric tonnes of daily LMO production capacity in steel sector, as on April 24 it was 3,474 metric tonnes.

SBI CARDS: DUE TO COVID-19, IN QTR CREATED ADDITIONAL MANAGEMENT OVERLAY ON EXPECTED CREDIT LOSS ON LOAN BALANCES OF 2.97B RUPEES:sunny:SBI CARDS & PAYMENT: Q4 SL NET PROFIT 1.75B RUPEES VS 835.5M (YOY); EST 2.8B || Q4 REVENUE 23.09B RUPEES VS 24.33B (YOY)
HDFC LIFE Q4 : Net Profit Up 2 % to Rs 18 cr (YOY)

Net Premium income Up 22.6 % to Rs 12870 cr (YOY)

CASTROL INDIA Q4 : Net Profit up 92 % to Rs 240 cr (Yoy)

Revenue Up 65 % to Rs 1139 cr

BANK OF MAHARASHTRA: BOARD MEETING ON APRIL 29 TO CONSIDER THE PROPOSAL OF RAISING OF CAPITAL THROUGH FOLLOW-ON PUBLIC OFFER (FPO) / RIGHTS ISSUE / QUALIFIED INSTITUTIONAL PLACEMENT (QIP) ISSUE, PREFERENTIAL ISSUE OR ANY OTHER MODE