Stocks to watch: Reliance Industries, Wipro, Titan, Route Mobile, HUL, Dr Reddy's
Oil-to-telecom major Reliance Industries is slated to announce its financial results for March quarter on Friday.
Here is the list of top stocks that could be in focus on April 30.
Reliance Industries: Oil-to-telecom major Reliance Industries is slated to announce its financial results for the March quarter on Friday.
Wipro: Wipro has strengthened its alliance with Citrix Systems, Inc. and Hewlett Packard Enterprise (HPE). The partnership will provide enterprises a robust solution that will accelerate remote working and bring modernization into workspaces.
Indian Overseas Bank (IOB): The bank has announced the launch of Retail Loans (home loan, personal loan & clean loan) on digital platform. The loans are now available through various channels, i.e. the bank website (www.iob. in), Internet Banking and the Mobile Banking App. IOB customers may apply for these loans through the bank website, mobile banking and internet banking, while non-customers may apply only through the bank website.
Aditya Vision: The company has opened 3 new stores in Bihar. The company has opened its 65th Showroom at Patna, 66th Showroom at Banka and 67th Showroom at Barbigha in the state of Bihar.
Manappuram Finance: The company is considering various options for raising funds through borrowings including by the way of issuance of various debt securities in onshore/offshore securities market by Public Issue, on Private Placement Basis or through issuing Commercial Papers. Based on the prevailing market conditions, the Board of Directors / Financial Resources and Management Committee / Debenture Committee of the Board of Directors of the Company may consider and approve issuances of Debt Securities during the month of May 2021, subject to such terms and conditions including the issue price of debt securities, as the Board / respective Committee may deem fit.
Route Mobile: The company has entered into a Share Purchase Agreement (SPA) with the existing promoters and shareholders to acquire 100% of the equity share capital of Phonon Communications (PCPL). The acquisition will be effective subject to the fulfilment of various terms and conditions as specified in the SPA.
Hindustan Unilever: HUL has reported results for the fourth quarter ended March 31, 2021. The company has reported a rise of 41.08% in its net profit at Rs 2143 crore for the quarter under review as compared to Rs 1519 crore for the same quarter in the previous year. The total income of the company increased by 31.95% at Rs 12241 crore for Q4FY21 as compared Rs 9277 crore for the corresponding quarter previous year. On a consolidated basis, the company has reported a rise of 44.29% in its net profit attributed to the owners at Rs 2186 crore for the quarter under review as compared to Rs 1515 crore for the same quarter in the previous year. The total income of the company increased by 32.37% at Rs 12542 crore for Q4FY21 as compared Rs 9475 crore for the corresponding quarter previous year.
Dr Reddy’s Laboratories: The company along with its subsidiaries announced the launch of Albendazole Tablets, USP, a therapeutic equivalent generic version of Albenza Tablets, 200 mg, approved by the US Food and Drug Administration (USFDA). The Albenza brand and generic had U.S. sales of approximately $27 million MAT for the most recent twelve months ending in November 2020 according to IQVIA Health.
Titan: Titan Company’s consolidated net profit jumped 62.89% to Rs 564 crore on a 58.86% rise in total income to Rs 7,551 crore in Q4 FY21 over Q4 FY20.
IndiaMart InterMesh: The company’s consolidated net profit jumped 25.73% to Rs 55.70 crore on a 5.64% rise in revenue from operations to Rs 179.70 crore in Q4 FY21 over Q4 FY20.
Escorts: The company said that considering COVID-19 spread escalation, as a precautionary measure, the company will be temporarily shutting down our manufacturing operations, on a selective basis, between 1st May 2021 and 3rd May 2021. There will be no impact on fulfilling customer demand because of this as the company has sufficient inventory at hand. The shutdown period shall be utilized for routine plant maintenance with employees in essential services present on a rotational basis.
AU Small Finance Bank: The lender’s net profit rose 38.15% to Rs 168.98 crore on a 14.81% rise in total income to Rs 1,569.01 crore in Q4 FY21 over Q4 FY20.