*Stocks in News* *Fairchem Organics*: Net profit at Rs 18.83 | Promote small business

*Stocks in News*

*Fairchem Organics*: Net profit at Rs 18.83 crore in Q4FY21 against Rs 11.23 crore in Q4FY20, revenue rose to Rs 159.32 crore from Rs 89.3 crore YoY. (Positive)

*Union Bank*: The company reported standalone profit at Rs 1,329.77 crore in Q4FY21 against loss at Rs 2,503.18 crore in Q4FY20 (Positive)

*NIACL:* Net profit jumped 90.6 percent to Rs 241 crore from Rs 127 crore, while net premium grew by 15.9 percent to Rs 7,291 crore from Rs 6,289 crore, YoY. (Positive)

*Jindal Steel:* The company’s production in Apr-May 21 increased by 31 percent to 13.71 lakh tonnes (Positive)

*Pennar Ind*: Net profit at Rs 33.0 crore versus Rs 0.9 crore, revenue rose to Rs 556.0 crore from Rs 451.0 crore YoY (Positive)

*Piramal* Group hopes to complete the acquisition by August (Positive)

*Indiabulls Housing Finance*: Entered into a strategic co-lending partnership with Central Bank of India to offer secured retail loans. (Positive)

*Infosys:* The company announced a collaboration with Archrock (Positive)

*Surya Roshni:* The company received order of Rs 170.52 crore for coated line pipes for gas grid pipeline project from Indradhanush Gas Grid. (Positive)

* Shriram Transport Finance:* The company has launched QIP worth Rs 2,000 crore at a SEBI calculated floor price of Rs 1,433 per share. (Neutral)

*Punjab National Bank:* The RBI has imposed a penalty of Rs 2 crore on the bank for non-compliance with the directions (Neutral)

*Bank of India:* The RBI has imposed a Rs 4 crore penalty on the bank for non-compliance with rules relating to KYC and fraud reporting. (Neutral)