Sensex and Nifty would probably open lower today as Nifty futures on the Singapore Stock Exchange fell 46 points to 15,268. On Tuesday, reference indices gave vent to the two-month rally, despite strong global signals and a drop in COVID-19 cases. Sensex leveled 14 points lower at 50,637 and Nifty increased 10.75 points to 15,208. HDFC Bank was the biggest loser of Sensex, falling 2.02 percent, followed by Axis Bank, Reliance Industries, IndusInd Bank, HDFC and ITC.
Here’s an overview of stocks that are likely to remain in the news today.
Sun Pharma Advanced Research: The pharmaceutical company said Dilip Shanghvi has resigned as CEO. Shanghvi expressed a desire to step down and resigned as a doctor of medicine with immediate effect, which the committee accepted.
Computer year management services: CAMS reported a 39.6 percent increase in post-tax profit to $ 60.13 million in Q4 from a post-tax profit (PAT) of 43.07 million in the same quarter preceding the fiscal.
HDFC: The lender said that by issuing bonds on the basis of private placement, it would collect up to 7,000 kroner. The basic issue size for secured redeemable non-convertible debentures (NCDs) is 5,000 kroner, with the possibility of retaining a subscription of up to 2,000 kroner.
Bajaj Electricals: The manufacturer of electronic devices in Q4 recorded a consolidated net profit of 54.26 kroner against a net loss of 81 lakh in the period January-March of the previous financial year.
Emami: The FMCG company reported a threefold increase in consolidated net profit to 87.73 kroner in Q4 compared to a net profit of 22.75 kroner during the March quarter of the previous financial year.
Newgen Software Technologies: The IT consulting firm recorded consolidated net profit growth of 27.2 percent last quarter from 52.7 million, compared to net profit of 41.5 million in the previous year.
BPCL: The share of BPCL will be in focus as the company will announce its earnings for the fourth quarter and fiscal 2020 today.
Berger picture India: The company is expected to announce its earnings for the fourth quarter and fiscal year 2020 today.
Burger King India: The fast food chain will announce its earnings for the fourth quarter and fiscal year 2020 today.
Mahindra Resorts and Resorts: The Board approved the appointment of Sujit Vaidya as Chief Financial Officer (CFO) and key management personnel of the company with effect from 1 June 2021.
Godawari power: The company’s board recommended a final dividend of Rs 13.50 per share.
Hercules Hoists: The firm has approved a proposal received from Hindustan Unilever, Nashik regarding the purchase of three 1.25 MW windmills, each located in Khori, Dhule, Maharashtra.
Maheshwari Logistics: The company informed the expert services regarding “Installation of a plastic boiler in the production unit.
Kirloskar Brothers Limited: The company informed the stock exchanges that the board of directors, at the meeting held on May 25, 2021, recommended a final dividend of 3 Rs per share.