Morning Alert.. US stocks ends higher, erasing weekly loss f | Equity99
Morning Alert..
US stocks ends higher, erasing weekly loss for the S&P 500
Oil prices hits 2 years high on rising economic demand expectations.
Tata Digital to acquire majority stake in 1MG Technologies Pvt Ltd
Corporate News
~ Gati Ltd – Co. looks to shut 2 more business post cold chain exit.
~ Ion Exchange – Co. wins order worth 1000Cr
~ Alkem Laboratories – Co. launches Perampil at affordable prices and improved patient access for Epilepsy treatment in India.
~ Marico – Dabur initiated contempt proceeding against Marico in Delhi HC for not complying with the court order to change the packaging of its honey product.
Sector in focus – Power, Metals, Banks
Key Results today: 11 June, 2021: Sun TV, BHEL, Edelweiss, Heranba, Likhitha Infra
Key Results highlights: 10 June, 2021
~ CenturyPlyboard (Good results)
Company reported 115% rise in PAT to 83Cr compared to 39Cr in Q4FY20.
Revenue from operations increased 41% YoY from 524Cr to 738Cr.
On yearly basis company reported PAT of 192Cr up 21% from 158Cr in FY20.
Volumes in plywood business increased 44.1% YoY, Laminates was up 38%.
~ Vidhi Specialty (Positive outlook)
Company reported 17.91% increase in PAT from 10.05Cr to 11.85Cr in Q4FY21.
Revenue increased from 65.35Cr to 98.36Cr up 50.54% YoY.
On yearly basis PAT increased 7.75% from 33.92Cr to 36.55Cr in FY21
Board recommended dividend of Rs 0.2/Share.
~ NHPC (Good results)
Company reported PAT of 427Cr up 171.43% YoY from 157.52Cr, QoQ down 50.81%
Total income was down 12.09% from 2382.36Cr to 2094.3Cr.
On yearly basis PAT increased from 2884.92Cr to 3257Cr up 12.9%.
Board recommended dividend of Rs 0.35/Share.
~ SAIL (Superb Results)
Company reported 382.95% increase in PAT from 548.20Cr to 2647.52Cr in Q4FY21, QoQ up 870.50%
Total income was down marginally from 18719Cr to 16574Cr
Crude steel production was at 4.55MT in Q4FY21 up 6% YoY from 4.31MT
Company also reduced its borrowings from 51481Cr to 35330Cr
