Indian Stock Market

Jio Financial Q4 Results:

👉Net Profit jumps 6% QoQ to Rs. 310 crore vs Rs. 293 crore

👉Net Interest Income up 4% QoQ to Rs. 280 crore vs Rs. 269 crore

IREDA Q4 results:

👉Net Profit jumps 33% YoY to Rs 337 crore;

👉 Income jumps 34% to Rs 1,391.64 crore

Hindustan Zinc Q4 results:

👉Net profit drops 21% YoY to Rs 2,038 crore amid slump in zinc prices

👉Revenue from operations falls 12% YoY to Rs 7,285 crore

HDFC AMC reports Q4 earnings

- Net Profit up 43.8% at ₹541 cr vs ₹376.2 cr (YoY)

- Revenue up 28.5% at ₹695.4 cr vs ₹541 cr (YoY)

Wipro Q4 results:

👉Net profit falls 8% YoY to Rs 2,835 crore

👉Revenue fell 4% YoY to Rs 22,208.3 crore

Buy the dip! JPMorgan bullish on Indian stocks, suggests making use of swings amid election volatility

HUDCO: CO SAYS DEPARTMENT OF PUBLIC ENTERPRISES GRANTED NAVRATNA STATUS TO CO

SHARDA MOTOR INDUSTRIES: CO APPROVED BUYBACK OF SHARES UPTO 1.85B RUPEES BUYBACK AT A PRICE OF 1800 RUPEES PER EQUITY SHARE

HAMPTON SKY REALTY: CO SAYS 12 ACRES COMMERCIAL PROJECT GETS GOVT NOD, IMPLEMENTATION TO START SOON; PROJECT WILL HAVE A BUILT-UP AREA OF 600000 SQFT. || PROJECT WILL SUBSTANTIALLY ADD UP TO TOP, BOTTOM LINE OF CO FINANCIALS

GUJARAT INDUSTRIES POWER: CO APPROVED AWARDING OF CONTRACT FOR SUPPLY OF PV MODULES FOR IMPLEMENTATION OF 600 MW (AC) / 750 (DC) SOLAR PV PROJECT AT KHAVDA, GREAT RANN OF KUTCH AREA, GUJARAT

STOCKS IN ACTION 19 APRIL

Nestle: The company clarified media reports and reaffirmed its commitment to high standards of nutrition, quality, and safety. It also mentioned that the media reports had no material impact on its operations or performance.

Gokaldas Exports: The Bengaluru-based apparel maker has launched a qualified institutional placement to raise Rs 600 crore. The issue price has been set at Rs 775 apiece, representing a discount of 4.05% to the last closing price. The floor price is Rs 789.99.

ITC: The company's arm has acquired a 100% stake in Blazeclan Tech for Rs 485 crore.

Infosys: The company's arm will acquire a 100% stake in In-Tech Holding GmbH, engaged in engineering R&D services.

GMR Airports Infrastructure: The company's Delhi, Hyderabad, and Mopa airports reported increased passenger traffic and handled the highest-ever cargo volumes in FY 24.

BSE: The company clarified that the CEO doesn't endorse any investment advisory communication based on a fake video of MD and CEO Sundararaman Ramamurthy being circulated on social media.

Rail Vikas Nigam: The company signed a MoU with Turkish engineering consulting and contracting firm TUMAS India for collaboration in public transportation and infrastructure projects in India.

Torrent Power: The company acquired SPV MSKVY Ninth Solar as part of the 306 MW Nasik project for Rs 50 lakh.

Container Corporation of India: The company signed a MoU with PSA Mesa Supply Chain to collaborate in offering seamless and cost-effective end-to-end logistics services to customers.

Hindustan Construction Company: Rahul Rao has resigned from the position of Chief Financial Officer and Key Managerial Personnel of the company effective April 18 and appointed Girish Gangal for the same.

Oriental Hotels: The company appointed Paras Puri as CFO effective April 19. Nitin Bengani will step down as CFO due to internal transfers.

Goa Carbon: The operations at the company's Bilaspur Unit have been temporarily shut down for maintenance work starting today.

SJVN: The company's unit incorporated a JV with an Assam power distribution company named
"SGEL Assam Renewable Energy Limited" to carry out business in the field of power generation from all renewable energy sources, including hydropower, by setting up power plants.

Hinduja Global Solutions: The company's unit entered into an agreement to acquire 51% of Seven Star Balaji Broadband for Rs 18.36 crore. The acquisition will open growth opportunities in internet services, especially in Mumbai.

Mahindra Lifespace Developers: The company sold homes worth Rs 350 crore at the Bengaluru
project in 2 days.

Federal Bank: The company received an RBI nod to open a representative office in Saudi Arabia.

Vesuvius India: The company inaugurated a new Mould Flux plant in Visakhapatnam to increase investment outlay to up to Rs 1,000 crore to strengthen manufacturing capabilities in India.

Landmark Cars: The company's Q4 pro forma revenue was up 8.2% at Rs 1,311 crore and partnered with three new OEMs and entered new geographies in FY24.

CICI Securities: revenue jumps over 74% to ₹1,543 crore; declares dividend of ₹17 per share

Blue Star: Commercial refrigeration market will double to ₹10,000 crore in four years: Blue Star MD B Thiagarajan

Suzlon Energy: gets interim stay from Gujarat High Court against nearly ₹261 crore penalty

Mahindra Lifespace: sells homes worth ₹350 crore in two days at Bengaluru’s Mahindra Zen
Alert: Mahindra Zen is Bengaluru’s 1st net zero waste + energy homes

Greenhitech ventures SME IPO Allotment out now

https://www.skylinerta.com/display_application.php?app=295

Fake videos of BSE MD & CEO Sundararaman Ramamurthy Is being circulated on social media platforms. Advises investors to not trust such videos & audios, says BSE

Infosys FY24 - Q4 Results

👉Net Profit jumps 30% YoY to Rs 7,969 crore;

👉Revenue from operations increased 1.3% YoY to Rs 37,923 crore

👉Co announces final dividend of Rs. 20 per share and a special dividend of Rs.8 per share

👉Record date for dividend is 31 May 2024

Rail Vikas Nigam Limited (RVNL) Signed MoU with M/s Turkish Engineering Consulting & Contracting - TUMAS India Private Limited for Partnership and collaboration in public transportation projects and infrastructure projects in India.

PATANJALI FOODS ; CO. Says there was a typographical error in the number of shares held by "GQG Partners Emerging Markets Equity Fund A Series of GQG Partners Series LLC" in the shareholding pattern as at quarter ending March 31, 2024 filed by us.

The number of shares were inadvertently typed as 33,691,875 in place of 3,691,875.

The error was corrected on an immediate basis when it came to notice of the Company.

It is reiterated that the said submission was merely an inadvertent mistake, purely unintentional and clerical in nature.

ITC’s arm ITC Infotech to acquire 100% share capital of Blazeclan Technologies for ₹485 crore

NSE to launch derivative contracts on Nifty Next 50 index effective April 24

The expiry of the contracts will be the last Friday of the month. If the last Friday is a trading holiday, then the previous trading day will be the expiry day.

Reliance consumer rocks its 1st full year of operations 📈

RCPL recorded sales of ₹3,000 crore in FY2024 and its beverage brand campa cola contributed ₹400 crore

RCPL bought campa cola from Pure Drinks Group in 2022 for just ₹22 crore

Campa Cola is currently manufactured by contract plants but RCPL is expected to raise ₹500-₹700 crore from parent company to set up bottling plants to boost capacity amid supply problems

INFOSYS: Q4 CONS NET PROFIT 79.69B RUPEES VS 61.1B (QOQ); EST 61.8B || Q4 REVENUE 379B RUPEES VS 388B (QOQ)

INFOSYS: Q4 EBIT 76.2B RUPEES VS 79.61B (QOQ); EST 80B || Q4 EBIT MARGIN 20.10% VS 20.5% (QOQ); EST 20.7%

INFOSYS: CO APPROVED DIVIDEND OF RUPEES 28 PER EQUITY SHARE || CO FIXES RECORD DATE AS MAY 31 FOR THE PURPOSE PAYMENT OF DIVIDEND

🟢Life Insurance Corporation of India’s (LIC) investments in seven Adani Group companies have surged a whopping 70 per cent

🟢LIC’s investments in Adani companies have now surged to Rs 61,657 crore, compared with Rs 36,089 crore as of March 31, 2023