🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• BSE Limited: The exchange reported a stellar 61% year-on-year jump in net profit to ₹797 crore for the fourth quarter, with revenue surging 85% to ₹1,563 crore.
• MRF: The tyre major posted a robust 38% increase in consolidated net profit at ₹702 crore for Q4, aided by a 14% growth in revenue and improved EBITDA margins of 16.2%.
• Thermax: The energy and environment solutions provider saw its net profit rise 18.7% YoY to ₹244 crore, while EBITDA witnessed a significant growth of 53.8%.
• Dabur India: The FMCG firm reported a 15.2% increase in consolidated net profit to ₹368.6 crore, supported by steady volume growth and a 7.3% rise in revenue.
• Cochin Shipyard: Its subsidiary, Udupi Cochin Shipyard, has secured a notable domestic order from Ocean Sparkle Limited (an Adani Group company) for the construction of four 70-ton tugs.
• Thyrocare Technologies: The company reported a nearly two-fold jump in net profit to ₹47 crore for the quarter, compared to ₹22 crore in the previous year.

Neutral Developments

• Earnings Today: A heavy slate of corporate results is scheduled for May 8, including State Bank of India (SBI), Titan Company, Tata Consumer Products, Swiggy, Hyundai Motor India, Bank of Baroda, ABB India, and Kalyan Jewellers.
• Ex-Dividend Action: Several stocks will trade ex-dividend today, including KSB Ltd (₹4.40), Sundram Fasteners (₹4.25), Somany Ceramics (₹3.00), NALCO (₹2.00), and Laurus Labs (₹1.20).
• OnEMI Technology Solutions: The company is set to debut on the stock exchanges today following its ₹926 crore IPO, which was subscribed nearly 10 times.
• Lenskart: The stock may see significant volume following reports of a $350 million block deal involving the exit of several existing investors at a slight discount.

Negative News

• Gravita India: The company’s net profit for the quarter declined by 5.2% YoY to ₹69.7 crore, despite a 6.3% increase in revenue.
• Global Cues: The GIFT Nifty is trading down by over 80 points, reflecting weakness in Asian markets and overnight losses on Wall Street due to renewed tensions in the Strait of Hormuz.
• Foreign Fund Outflows: Continued selling by Foreign Institutional Investors (FIIs) remains a persistent overhang on large-cap stocks and the broader indices.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex