·      NDTV To Launch Nine News Channels In Different Indian | DK Technical Analysis by Dhananjay Kadam

 
·      NDTV To Launch Nine News Channels In Different Indian Languages -  Company has approved a proposal to seek permission of Ministry of Information and Broadcasting for launch of nine news channels in different Indian languages in phases. – Positive
 
·      Tata Elxsi: Tata Elxsi Ltd on Thursday reported a 26% year-on-year rise in its net profit for the fiscal's fourth quarter ended March (Q4FY23) to ₹201.5 crore. The Tata Group company had reported a profit of ₹160.01 crore in the year-ago period. The company's revenue from operations for Q4FY23 rose 23% on year to ₹838 crore from ₹681.7 crore
 
·      BPCL – Company has entered into a strategic Memorandum of Understanding (MOU) with Aspen Technology Inc., USA. This partnership aims to integrate Aspen Tech's process simulation solution with BPCL's BPMARRK software, enabling the generation of complete assay data within a fraction of the time it would traditionally take using laboratory methods. – Positive
 
·      K&R Rail Engineering – Company has received a work order, from M/s. JK Cement Limited for the Design and Survey work of Railway Siding Project at Muddapur in Bagalkot District of Karnataka State valued at more than Rs.300 Crores.- positive
 
·      Bharti Airtel – Company announced that it has surpassed the 2 million unique 5G user mark on its network in Tamil Nadu. – positive
 
·      Nippon Life – Company announced the appointment of Mr. Ashish Chugani as the Head of Alternative Assets for its AIF business. - positive
 
·      GAIL – Company expects to get four liquefied natural gas cargoes each in May and June from Germany’s SEFE Marketing and Trading. The Singapore unit of SEFE Marketing, formerly known as Gazprom Marketing & Trading Ltd., had stopped supplies under a long term contract to GAIL since mid-2022.  Company is planning capital expenditure of Rs10000cr ($1.2 billion) in FY24 and expects 6-7% growth in India gas demand in the financial year ending March 2024 – long term positive
 
·      Vedanta: The company’s board will meet on May 22 to consider the first interim dividend for fiscal 2023–24. The record date for the dividend, if approved, will be May 30. – positive on hope of higher dividend
 
·      BHEL : The company has given Jai Prakash Srivastava additional charge of the post of director (finance) for one year, effective April 18, 2023, to April 17, 2024. It also appointed Krishna Kumar Thakur as director (human resources) for a period of five years from the date of assumption of charge.
 
·      Dividend – Sikha Interplant Rs4, JK Tyre Rs2, Thermax Rs10, BDH Rs4, Honeywell Automation Rs95, Endurance Tech Rs7, SBI Rs11.30. ITC Rs6.75 and special dividend Rs2.75
 
·      Zydus Life better than expected Ebitda and Ebitda margin. Company reported Q4 net profit Rs297cr (down 255 YoY) – expectation Rs731cr, US sales Rs2250cr (up 58% YoY), India sales Rs1290cr (up 46% YoY), Ebitda Rs1256cr (up 46% YoY) – expectation Rs1081.3cr and Ebitda margin at 25.1% vs 22.3% - Expectation 22.6%, Gujarat Narmada Rs30
 
·      Restaurant Brands Asia announced impressive Q4 results. Company reported Q4 FY23 - Revenue rose 28.55% (YoY) to Rs 513.95 crore,  Ebitda up 35.41% (YoY) at Rs 27.38 crore,  Ebitda margin at 5.33% vs 5.06% and Net loss narrows to Rs 79.96 crore vs net loss of Rs 81.54 crore
 
·      Honeywell Automation India announced above Bloomberg estimates Q4 results -  Revenue up 27.2% (YoY) at Rs 849.68 crore (Bloomberg estimate: Rs 910.04 crore), Ebitda up 58.99% (YoY) at Rs 138.8 crore (Bloomberg estimate: Rs 132.14 crore) Ebitda margin at 16.34% vs 13.07% YoY  (Bloomberg estimate: 14.5%) and Net profit up 54.16% (YoY) at Rs 112.03 crore (Bloomberg estimate: Rs 104.68 crore)
 
·      Jindal Stainless announced above Bloomberg estimates Q4 results Q4 FY23 -  Revenue up 0.4% (YoY) at Rs 9,765.08 crore (Bloomberg estimate: Rs 10,508.67 crore), Ebitda down 19% (YoY) at Rs 1,143.93 crore (Bloomberg estimate: Rs 904.20 crore) Ebitda margin at 11.71% vs 14.52% YoY (Bloomberg estimate: 8.6%) Net profit down 19.96% at Rs 716.29 crore (Bloomberg