14 May
BSE CLOSED @ 48732.55 ✅ 41.75 Points
NSE CLOSED @ 14677.80 ❌ 18.70 Points
BankNifty Closed 32169.55 ❌ 282.75 Points
India VIX Closed 20.2675 ✅ 0.1875 Points.
Weekly 10 May -- 14 May
BSE CLOSED @ 48732.55 ❌ 473.92 Points
NSE CLOSED @ 14677.80 ❌ 145.35 Points
BankNifty Closed 32169.55 ❌ 734.95 Points
India VIX Closed 20.2675 ❌ 0.5550 Points.
Stocks To Watch
Royal Enfield: To temporarily halt production at its manufacturing facilities in Chennai for four days over rising Covid-19 cases. The company’s manufacturing operations across Thiruvottiyur, Oragadam & Vallam Vadagal to remain shut between May 13-16. It will undertake maintenance activity at production facilities. The company does not foresee any significant impact on its ability to cater to the demand.
Equitas Small Finance Bank: Lockdowns to impact May collections. April billing efficiency stood at 84.68%. April collection efficiency stood 105.16%.
KEC International: Has secured new orders of Rs 1,514 crore across its various businesses. The company has secured orders of Rs 326 crore for Transmission & Distribution projects and orders of Rs 153 crore for various types of cables. The company has secured orders of Rs 1,035 crore for the construction of an elevated viaduct along with stations for a metro project and for mechanical & civil works in two cement plants.
Tata Power: Approved issuance of listed NCDs up to an aggregate amount of Rs 5,500 crore. The funds raised will be utilised for refinancing existing loans.
Torrent Power: Board to consider raising up to Rs 2,000 crore by issuance of NCDs through private placement basis.
Dr. Reddy’s: Teva and Eagle said a branded version of a cancer drug proposed by Dr. Reddy’s infringes 14 patents for Teva’s Bendeka. Teva is seeking a court order blocking sales of Dr. Reddy’s proposed drug until the patents have expired and cash compensation if Dr. Reddy’s makes or sells it before then, according to 66-page complaint filed Thursday in federal court in Wilmington, Delaware
Nifty Earnings: Larsen & Toubro, Cipla, Dr Reddy's Laboratories
Non-Nifty Earnings: Escorts, Rossari Biotech, Macrotech Developers, Mindspace Business Parks REIT, Anup Engineering, Asian Star Co, Balkrishna Industries, Cholamandalam Financial Holdings, Greenpanel Industries, HIL, Indigo Paints, Jindal Stainless, Kesoram Industries, Monte Carlo Fashions, Privi Speciality Chemicals, Saint-Gobain Sekurit India, SKF India, Texmaco Infrastructure & Holdings, Texmaco Rail & Engineering, Vimta Labs
Stocks in News
UPL: The company reported higher consolidated profit at Rs 1,361 crore in Q4FY21 against Rs 784 crore in Q4FY20, revenue rose to Rs 12,796 crore from Rs 11,141 crore YoY.
Jindal Steel & Power: The company reported consolidated profit at Rs 2,139.28 crore for Q4FY21 against Rs 305.62 crore in Q4FY20, revenue jumped to Rs 11,880.61 crore from Rs 6,795.18 crore YoY.
Pidilite Industries: The company reported a sharp rise in consolidated profit at Rs 307.44 crore in Q4FY21 against Rs 156.51 crore in Q4FY20, revenue rose to Rs 2,235.52 crore from Rs 1,544.68 crore YoY.
KCP: CRISIL upgraded long-term credit rating to A/Stable, from A-/Stable, and short term credit rating to A1 from A2+.
Apollo Tyres: The company reported higher consolidated profit at Rs 287.3 crore in Q4FY21 against Rs 77.86 crore in Q4FY20, revenue climbed to Rs 5,025.7 crore from Rs 3,615.57 crore YoY.
Hindalco Industries: Subsidiary Novelis' Q4 net income from continuing operations at $180 million increased 186% YoY; net sales increased 33% over the prior year to $3.6 billion in Q4FY21.
Today's Corporate Action 14th May Ex Date
None
Today's Key Results/Board Meetings 14-May-21
ANUP Audited Results;Final Dividend
ASTAR Audited Results;Final Dividend
BALKRISIND Audited Results;Final Dividend
BCPL A.G.M.;Audited Results;Final Dividend;General;Quarterly Results
BHARATSE Audited Results;Final Dividend
CHOLAHLDNG Audited Results
CIPLA Audited Results;Dividend;Quarterly Results
DECNGOLD Audited Results
DRCSYSTEMS Audited Results;General
DRREDDY Audited Results;Final Dividend
ESCORTS Audited Results;Final Dividend;General;Quarterly Results
GICRE General
GOKEX Audited Results
GREENPANEL Audited Results
HIKLASS Audited Results
HIL Audited Results;Final Dividend
INDIGOPNTS Audited Results;Quarterly Results
JSL Audited Results
KARTKIN Audited Results
KESORAMIND Audited Results;General
LODHA Audited Results;Quarterly Results
LT Audited Results;Dividend
MENONBE Audited Results
MINDSPACE Audited Results;Interim Dividend
MONTECARLO Audited Results;Dividend
OCTAL Audited Results
ONWARDTEC Audited Results;Final Dividend
PRIVISCL Audited Results;Final Dividend
QGO A.G.M.;Audited Results;General;Quarterly Results
ROSSARI Audited Results;Final Dividend
SAGARSOFT Audited Results;Dividend;Issue Of Warrants;Preferential Issue of shares;Quarterly Results
SAINTGOBAIN Audited Results;Final Dividend
SKFINDIA Audited Results;Dividend;Quarterly Results
SURBHIN Quarterly Results
TEXINFRA Audited Results;Dividend;General;Quarterly Results
TEXRAIL Audited Results;Dividend;General;Quarterly Results
VIMTALABS Audited Results;Dividend;Employees Stock Option Plan
Results on May 14
Larsen & Toubro, Dr Reddy's Laboratories, Cipla, Aditya Birla Capital, Macrotech Developers, The Anup Engineering, Asian Star Company, Automotive Axles, Balkrishna Industries, BCPL Railway Infrastructure, Bharat Seats, Cholamandalam Financial Holdings, Deccan Gold Mines, DRC Systems India, Escorts, Gokaldas Exports, Greenpanel Industries, Hi-Klass Trading and Investment, HIL, Indigo Paints, Jindal Stainless, Just Dial, Kartik Investments Trust, Kesoram Industries, Menon Bearings, Mindspace Business Parks REIT, Monte Carlo Fashions, Oberoi Realty, Octal Credit Capital, Onward Technologies, Privi Speciality Chemicals, QGO Finance, Reliance Infrastructure, Rossari Biotech, Sagarsoft (India), Saint-Gobain Sekurit India, SKF India, Surbhi Industries, Texmaco Infrastructure, Vimta Labs, and Welspun India will release their quarterly results on May 14
These are some of the main moves in markets:
Stocks
The S&P 500 rose 1.2% as of 4 p.m. New York time
The Nasdaq 100 rose 0.8%
The Dow Jones Industrial Average rose 1.3%
The MSCI World index rose 0.3%
Currencies
The Bloomberg Dollar Spot Index fell 0.2%
The euro was little changed at $1.2084
The British pound was unchanged at $1.4054
The Japanese yen rose 0.2% to 109.44 per dollar
Bonds
The yield on 10-year Treasuries declined four basis points to 1.65%
Germany’s 10-year yield was little changed at -0.12%
Britain’s 10-year yield advanced one basis point to 0.90%
Commodities
West Texas Intermediate crude fell 3.5% to $64 a barrel
Gold futures rose 0.3% to $1,828 an ounce
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