NSE share market NEWS tomorrow (28 May, 2021). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (28 May, 2021). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 28 May 2021
Central Depo was amongst the top gainers, currently trading at 971.65 in NSE with 7.854 times change in volumes and 8.856% change in price. Other gainers included Reliance Industries with 6.007% price change and 2.106 times volumes, Canara Bank with 5.369% price change and 1.781 times volumes, Solar Industries with 5.032% price change and 20.649 times volumes, and Hdfc Amc with 4.576% price change and 3.575 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Ncc was amongst the top losers, currently trading at 83.40 in NSE with 0.803 times change in volumes and -5.335% change in price. Other losers included Pg Electroplast with -4.827% price change and 2.975 times volumes, Tvs Motor with -4.713% price change and 1.075 times volumes, Sun Pharmaceuticals with -4.253% price change and 2.867 times volumes, and Bharat Dynamics with -3.144% price change and 0.895 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Other stocks which made news headlines today and can be traded tomorrow are below.
India's Mahindra sees demand rebound but chip crunch, pandemic hurt. BENGALURU (Reuters) -Indian automaker Mahindra and Mahindra said on Friday it expected a demand rebound as India emerges from lockdowns to curb a severe second wave of the COVID-19 pandemic, but the company would remain under pressure from a global chip sh
Maruti Suzuki in process of installing 24 oxygen plants in govt hospitals. Maruti Suzuki India (MSI) on Friday said it along with its supplier partners are in the process of installing 24 oxygen plants in government hospitals by the first half of June
Most social media firms comply with govt's IT rules; Twitter yet to follow. MeitY had written to all social media firms on Wednesday to share their compliance status with the new Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021
City Union Bank reports net profit of Rs 111 cr in March quarter. Private sector City Union Bank on Friday reported a net profit of Rs 111.18 crore in the last quarter ended March 2021. There was a net loss of Rs 95.30 crore in the same quarter of 2019-20. Total income during Q4 FY21 was down at Rs 1,121.43 crore as agai
DoT allocates spectrum for 5G trials to telecom service providers. Chinese telecom gear makers have been kept out of the 5G trial list
Max Healthcare profit after tax up 31% to Rs 70 crore in March quarter. Max Healthcare on Friday reported 31.11 per cent rise in consolidated profit after tax (PAT) at Rs 69.69 crore for the quarter ended March 31, 2021. The company had posted a PAT of Rs 53.15 crore for the corresponding period of the previous fiscal year, M
Hyundai to slash its combustion engine line-up, invest in EVs: Sources. The move is expected to result in a 50% reduction in models powered by fossil fuels
M&M Q4 preview: Profit may surge over 300%; margins may contract QoQ. According to the monthly sales update provided by the company, Mahindra & Mahindra sold a total of 202,223 units in Q4FY21, up 33.3 per cent from the 151,713 units sold in the year-ago quarter
Capgemini announces Covid-19 vaccination drive for its 125,000 employees. Capgemini said it's working with Aditya Birla, Reliance, Apollo, MGM and Rainbow to facilitate the vaccination drives.
Ashoka Buildcon bags Rs 1,018-cr order from Maldives' Fahi Dhiriulhun Corp. Highways developer Ashoka Buildcon on Friday said it had bagged an order worth Rs 1,018.36 crore from Maldives' Fahi Dhiriulhun Corporation for design and construction of 2,000 social housing units
S D Shibulal again buys Infosys shares worth Rs 100 crore from wife. Infosys co-founder S D Shibulal bought the shares of the IT major from wife Kumari Shibulal through an open-market transaction, for a second time this week
Thomas Cook India reduces loss to Rs 68 crore in the March quarter. Integrated travel services company Thomas Cook India limited its loss at a consolidated level to Rs 68 crore in Q4 FY21, compared with Rs 89 crore in the previous quarter
Spanish sanitaryware firm Roca plans Rs 50-cr capital expenditure in India. The company will invest about Rs 50 crore in expansion while planning a greenfield project in 2024-25 in India
Rajasthan govt okays Saint Gobain's Rs 1,200-crore investment plan in state. CM Ashok Gehlot assured the company that the state government would provide the best cooperative environment and support for the investment and future plans
Tata Digital buys majority stake worth .31 bn in online grocer BigBasket. India's antitrust body had in March approved the acquisition of up to a 64.3% stake in BigBasket by Tata Digital
FanCode raises mn from Dream Sports, plans 100 million user base. The company said it has live-streamed nearly 30,000 hours of sports content and aims to have a user base of 100 million in a year
Tata Consultancy Services named the Best Big Company to work for in the UK. The company has been listed among the top 25 Best Big Companies to work for in the United Kingdom and among the Best Companies in the consultancy sector
Wipro Ent closes hydraulic cylinder plant for 3 days to break Covid chain. Hydraulic cylinder maker Wipro Enterprises P Ltd has decided to stop production at its plant near here for three working days starting Friday
Zydus introduces scratch code in critical drug packs to fight counterfeit. Drug firm Zydus Cadila on Friday said it has introduced a new feature in the packaging of its critical drugs to help patients ensure that the product is not fake or counterfeited
HCL group aims to vaccinate all India-based employees by next month end. Plans to have approximately 700.000 doses administered, at two jabs a head, by the end of the drive
M&M posts Q4 profit of Rs 163 cr; announces dividend of Rs 8.75 per share. The company's revenue grew 48 per cent on a year-on-year (YoY) basis to Rs 13,338 crore from Rs 9,005 crore reported in the corresponding quarter last year
Travel firm Thomas Cook India fourth quarter loss widens to Rs 20 crore. Travel services provider Thomas Cook India has reported widening of consolidated net loss to Rs 20.23 crore for March quarter 2020-21, impacted by the pandemic. The company posted a net loss of Rs 13.90 crore for the year-ago period, Thomas Cook said in a
Canara Bank gets board approval to raise up to Rs 9,000 cr in FY22. Stock of Canara Bank closed at Rs 161.85 apiece on the BSE, up by 5.37 per cent.
Drug firm Ipca Laboratories fourth quarter profit up 94% at Rs 161 crore. Shares of Ipca Laboratories were trading at Rs 2,132.30 per scrip on BSE, down 3.06 per cent from the previous close.
Tata Group acquires majority stake in BigBasket to cement play in groceries. Deal done through subsidiary Tata Digital Ltd; green signal from CCI came last month
City Union Bank reports fourth quarter net profit at Rs 111.18 crore. Private sector City Union Bank has reported net profit at Rs 111.18 crore for the quarter ending March 31, 2021.
Indian Bank posts net profit of Rs 1,709 crore for March quarter. Indian Bank on Friday reported a net profit of Rs 1,708.85 crore in the March-ended quarter. The lender had posted a net loss of Rs 217.74 crore in the same quarter of the preceding financial year 2019-20. Sequentially, the bank had posted a net profit of
M&M expects chip crunch going forward, pandemic to hurt first quarter. Apart from the chip shortage triggered by factors including pandemic-driven supply-chain disruptions, the Indian auto industry is under pressure from a severe second wave of Covid-19 infections
Karur Vysya Bank fourth quarter net profit rises 23% to Rs 104 crore. This came on account of good growth in retail loan portfolio as well as gold loan.
Post-cyclone: Tata Power starts restoring electricity supply in Odisha. Tata Power on Friday said it has started restoration work in Odisha where cyclone Yaas caused disruptions.
Mahindra lines up Rs 17,000 cr to steer growth over next three years. Mahindra & Mahindra is planning to deploy Rs 17,000 crore over the next three years, including capex on new models and investments in group companies besides its auto and farm sector businesses, a top company official said on Friday. The company plans to l
Indian Bank posts Q4 profit of Rs 1,709 cr versus Rs 1,641 cr year-ago loss. May visit market to raise equity capital
Sundaram Finance records 59.5% jump to Rs 209 cr in Q4 profit after tax. Non-Banking Finance Company Sundaram Finance Ltd has reported a 59.5 per cent jump on its fourth quarter Profit After Tax at Rs 209 crore.
Production of Covaxin is a complex, time-consuming process: Bharat Biotech. Bharat Biotech on Friday said production and supply of Covaxin is a time-consuming process as various procedures and approvals need to be in place before it is made available for vaccination.
Aditya Birla Fashion posts 51% growth in Q4 EBITDA at Rs 253 crore. The company said Q4 continued with a strong recovery trend until the disruption due to second wave of Covid-19 led to localised shutdowns.
M&M Q4 results: Impairment charge shrinks net profit to Rs 162 crore. Revenues beat estimates, company chalks out a Rs 17K crore plan to aid growth
HUL chairman Sanjiv Mehta sees pay cheque shrink 21% in tough year. Human resources experts said Covid-related challenges were among key reasons for the drop in Mehta's remuneration
Eicher Motors' profit after tax jumps 73% to Rs 526 cr in March quarter. Eicher Motors Ltd on Thursday reported a 73 per cent jump in consolidated profit after tax at Rs 526.14 crore for the fourth quarter ended March 31, 2021, riding on better sales
Maruti Suzuki ties up with three firms for production of oxygen generators. The company said that as part of that, it has been able to increase the output levels of oxygen generators by over 10 times.
Paytm plans to launch India's biggest IPO, aims to raise billion. According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan
Zydus Cadila seeks regulator nod for clinical trials on Covid-19 therapy. Company says product helps treating mild coronavirus patients and reduces hospitalisation.
GSK says it aims to bring FDA-approved antibody therapy to India for Covid. Treatment with Sotrovimab resulted in an 85 per cent reduction in the risk of hospitalization, says company.
CSS Corp to appoint Sunil Mittal as its Chief Executive Officer. CSS Corp, a global customer experience and technology consulting services provider, today announced that its board has unanimously chosen Sunil Mittal as the organization's Chief Executive Officer
Steel companies likely to add 29 million tonnes capacity in five years. With a better financial health, leading companies are now better placed to undertake expansion projects than they were in the past several years
Paytm said to target -billion IPO, largest ever for India: Report. If successful, Paytm's initial share sale would surpass Coal India Ltd.'s offering, which raised more than Rs 15,000 crore in 2010 in the country's largest IPO so far
Autocomp sector set for a rebound after two tough fiscals, says Crisil. The automotive components sector will see revenue rebound 21 to 23 per cent next fiscal: Crisil
HSBC withdraws from US retail banking to target rich clients, Asia. The move is part of a larger plan by HSBC to invest more in Asia, where it's focused on banking the region's wealthy
N+1 Capital makes first ever India investment, parks Rs 5 cr in Clensta. Clentsa recently entered a strategic tie-up with pharma brand Cipla for its first commercialised products, Waterless Bodybath and Waterless Shampoo
Drugmaker Zydus Cadila's fourth quarter net profit up 73% at Rs 679 crore. Total income from operations of Rs 3,847 crore was up by 3 per cent from Rs 3,752 crore in Q4 FY20.
Flipkart expands financial support for sellers, offer credit up to Rs 5 cr. Sellers get secured and unsecured loans at interest as low as 9%; sanctions and disbursals within 24 hours of application
Sun Pharma Q4 net more than doubles to Rs 894 cr; declares dividend of Rs 2. Its revenue from operations came in at Rs 8,522 crore for the quarter under review, an increase of 4 per cent from the previous year
Kalyan Jewellers profit after tax jumps 54% to Rs 73.87 cr in Mar quarter. Kalyan Jewellers on Thursday reported a 54.05 per cent jump in its consolidated profit after tax (PAT) to Rs 73.87 crore for the quarter ended March 31.
Here's how Twitter and Google have reacted to India's new digital rules. Listen to this podcast to understand India's new digital rules and social media companies' take on the issue
Workers at Ford's Chennai plant stage protest to seek halt amid Covid surge. The incident is the latest expression of discontent and reluctance among factory employees in Tamil Nadu, home to India's flourishing automobile industry, to work amid a surge in virus infections
IvyCap leads million funding round in mobility platform Get My Parking. Existing investor IAN Fund also participates. With this Series-A round, startup has raised .5 million in all so far
Burger King India's shares close nearly 3% lower on Q4 loss. The stock dipped 7.22 per cent to Rs 145.05 during the day on the BSE. It finally closed at Rs 152.05, lower by 2.75 per cent
BPCL says it has no intention to pare down stake in Petronet and IGL. BPCL holds 12.5 per cent of the shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL
Sun Pharma Q4 net more than doubles to Rs 894 cr on better operational show. Low base supported overall performance; consolidated sales from operations came in at Rs 8,431 crore, up 4.4% YoY
BPCL may resume Iranian oil buying if no sanctions, needs concessions. India is the world's third largest oil consumer and importer
Liquor sales recover, rise 6% in fourth quarter; FY21 sales fall 12%. States such as Uttarakhand, Himachal Pradesh and Haryana reported over 40 per cent growth in IMFL sales during the fourth quarter of 2020-21
Strides Pharma posts Rs 43 cr Q4 profit vs Rs 207 cr loss a year ago. Company to launch generic products to aid Covid-19 treatment in India, first being Liposomal Amphotericin B to treat black fungus
Karnataka puts on hold decision to sell 3,667 acres to JSW Steel. This comes amid opposition from within the ruling BJP and cases pending in courts
IRB Infra posts 37% drop in fourth quarter profit at Rs 97.45 crore. The firm's expenses stood at Rs 1,474.27 crore, as compared to Rs 1,445.29 crore a year ago.
Goodyear India posts threefold jump in Q4 profit after tax to Rs 43.22 cr. Tyre maker Goodyear India on Thursday reported over threefold jump in its profit after tax (PAT) to Rs 43.22 crore for the March 2021 quarter.
Corporate card provider Kodo raises .75 mn seed from slew of investors. Card spends on Kodo have grown 45 per cent month-on-month for the past 12 months, the company claims
Eicher Motors' Q4 net rises 73% to Rs 526 cr, revenue at all-time high. The company's board recommended a final dividend of Rs 17 per share for the financial year 2020-21
Zydus Cadila Q4 net up 73% to Rs 679 cr, total income up a marginal 3%. During Q4FY21, firm launched Virafin to treat moderate infections in adult Covid-19 patients. Its ZyCoV-D plasmid DNA vaccine is at an advanced stage of Phase-3 trials
Page Industries Q4 net profit rises about 4-folds to Rs 115.56 cr. Apparel manufacturer Page Industries Ltd (PIL) on Thursday reported nearly four-fold jump in its net profit at Rs 115.56 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 31.02 crore during the January-March period a
Ford declares 'no production days' on May 28, 29 at Tamil Nadu plant. Ford India, the subsidiary of US auto-maker Ford, on Thursday said it would observe 'no production days' on May 28 and 29
S D Shibulal again buys Infosys shares worth Rs 100 crore via open mkt. Infosys co-founder S D Shibulal on Thursday picked shares worth Rs 100 crore of the firm through an open market transaction.
Suryoday Small Finance Bank reports 89% dip in profit to Rs 12 cr in FY21. Suryoday Small Finance Bank (SFB) on Thursday reported an 89 per cent decline in its net profit to nearly Rs 12 crore for the financial year ended March 2021. The bank, which was listed on the bourses in late-March 2021, had reported a net profit of Rs 110
IndiGrid March-quarter net down 31% to Rs 69 crore due to acquisitions. Infrastructure investment trust IndiGrid on Thursday reported a 31 per cent drop in consolidated net profit at Rs 68.69 crore for the March quarter, impacted by expenditure on acquisitions.
Lithium buys out Pune-based SaaS mobility platform company for unknown sum. With the deal, Lithium will be able to provide a full range of transport solutions across vehicle categories including conventional internal combustion engine ones
Revised offer for Jaypee Infratech is legally compliant, says NBCC. At its meeting held on May 24, the Committee of Creditors (CoC) deferred the voting on Suraksha Group's bid
India is one of fastest-growing regions for us: Google's Debanjan Saha. While Covid is impacting overall activities, it isn't deterring growth in India, where a large engineering and product team in India is support Google's local customer base
Manappuram Finance consolidated Q4 net up 17.6% to Rs 468 cr, NII up 7.2%. Mulls listing of MFI subsidiary
Infosys CEO Salil Parekh's pay package rises to nearly Rs 50 cr in 2020-21. Parekh's compensation was at Rs 34.27 crore in 2019-20.
Singapore Airlines not to go for M&A, Vistara investments to continue. Fundraising primarily to shore up liquidity of the company
Berger Paints Q4 net profit at Rs 209 crore on revenue of Rs 2,026 crore. Berger Paints is the second largest paint company in India with 16 manufacturing units.
Hitachi ABB Power Grids in India to go carbon neutral by 2030. Has already signed PPAs with a few green power generators in Gujarat, will sign more such contracts to move to 100% green energy by March 2022
BPCL posts net profit of Rs 11,940 cr in Q4, to pay final dividend of Rs 58. Revenue from operations rose 21% to Rs 98,756 cr
Karnataka Bank Q4 net profit rises 15% at Rs 31 cr; NII declines 13%. The capital adequacy ratio improved to 14.85% in March 2021
Covid-19 impact: Many startups, MSMEs stare at closure, says survey. Startups and MSMEs have been in the race for survival, especially since the onset of the Covid-19 outbreak in 2020
BPCL declares record Rs 12,581 cr dividend ahead of privatisation. Bharat Petroleum Corporation Ltd (BPCL) on Wednesday declared a record Rs 12,581 crore dividend, more than half of which will go to the government, ahead of the privatisation of the company.
Yalo raises mn funding led by existing venture investor B Capital Group. Yalo will use the financing to deepen its presence in Latin America and Southeast Asia
Firms linked to Guptas got 49 bn rands irregularly from parastatal corps. A host of companies linked to the controversial Gupta brothers received a total of over 49 billion rands in irregular payments, a witness has claimed at the Commission of Inquiry into State Capture
India's Koo raises million in funding round led by Tiger Global. Koo was founded by serial entrepreneurs Aprameya Radhakrishna, founder of Taxi For Sure and Mayank Bidawatka who previously founded companies like Media Ant and Goodbox
IIM-A, BITS grads launch mn fund to support & invest in student startups. Abhishek Sethi and Prateek Behera, graduates from IIM-A and BITS Pilani, respectively, have launched million fund to support and invest in startups founded by college students
Hitachi ABB Power Grids in India sets 2030 carbon-neutral programme. Hitachi ABB Power Grids in India on Wednesday announced a comprehensive programme to achieve carbon-neutrality targets by 2030 in its operations, reaffirming commitment to a sustainable energy future
Global TV market share of Samsung Electronics, LG Electronics crosses 50%. In the first quarter of this year, Korean companies took up more than half of the global TV market and showed off their presence
Women CEOs show more inclusive leadership style during Covid peak: S&P. Women CEOs emphasised empathy, adaptability, accountability and diversity more frequently than their male peers in public communications during the peak of Covid-19 pandemic, according to a new analysis from S & P Global in collaboration with researchers f
Gati to exit cold chain solutions biz; Q4 loss widens to Rs 173.40 cr. Express distribution and supply chain solutions firm Gati Ltd, on Wednesday said it is exiting from its cold chain solutions business -- Gati Kausar India
No financial data lost in leak, says Dominos about incident in March. Parent company Jubilant Foodworks experienced an information security incident, says Pizza company.
Tiger Global leads mn investment in microblogging website Koo. Koo's valuation crossed 0 million with the new funding, says the company.
Delhi HC directs Google to remove verdict acquitting man in drug case. The Delhi High Court has directed online search engine Google to remove links to a judgement acquitting an Indian origin American citizen of drug charges
Royal Enfield to shut manufacturing plants for three days amid Covid crisis. Tamil Nadu is one of the worst hit states with more than 30,000 cases a day last week.
TCS sees pandemic-driven boost in Europe as clients adopt new technologies. Europe has been the fastest growing region for TCS from where it gets about a third of its annual revenue of .17 bn
LT Foods Q4 net profit rises 2% to Rs 60 cr; stock falls 10%. Expenses were lower at Rs 1,058.12 crore as against 1,132.89 crore a year ago.
2-wheelers to account for 8-10% of sales by 2025; 30% by 3-wheelers: ICRA. The electric two and three-wheelers volume are expected to account for 8-10 per cent and 30 per cent of new vehicle sales in the country by 2025, respectively: Report
A dive into the fate of FB, Twitter, WhatsApp as new IT rules deadline ends. Tune in to the podcast to learn about the fate of these social media giants after the deadline ended in India. Also, what's their take on the matter, among other things
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