IGI Logo

Market Updates

The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 84 points higher at 18,398 on monday.

HCL Technologies:

The company expanded its partnership with SAP, becoming a customer of and a global strategic service partner for SAP SuccessFactors Human Experience Management Suite.

Ultratech Cement:

Ultratech Nathdwara Cement, the company’s wholly owned subsidiary commissioned a brownfield cement facility with annual capacity of 0.8 million tonnes in Neem Ka Thana, Rajasthan. The company’s total grey cement manufacturing capacity now stands at 129.95 million tonnes per annum.

NIIT:

The company bought remaining 10% stake in RPS Consulting for a fixed consideration of Rs 15 crore, and a performance based earnout consideration of up to Rs. 3.71 crore, payable over the next two years. NIIT now owns 100% stake in RPS Consulting.

Punjab & Sind Bank:

The bank will hike marginal cost of funds based lending rates for overnight, one-month, and six-month tenures in the range of 5-10 basis points. Lending rates for three-month and one-year tenures have been kept unchanged

Q4 Results Update:

Pfizer Q4 FY23 Revenue were up 4% at Rs 573 crore. Ebitda was up 10% at Rs 182 crore. Ebitda margin stood at 31.8% Vs 30.1% lsat year. Net profit was up 3% at Rs 130 crore. The board recommended a final dividend of Rs 35 per share for the fiscal 2023.

PVR Inox Q4 FY23 Revenues were up 22% at Rs 1,143.17 crore. Ebitda was down 9% at Rs 263.87 crore. Ebitda margin stood at 23.1% vs 30.7% last year. Net loss for the company was at Rs 333.37 crore vs net profit of Rs 16.15 crore last year.

Berger Paints India Q4 FY23 Revenues were up 11.71% at Rs 2,443.63 crore. Ebitda was up 6.44% at Rs 368.76 crore. Ebitda margin stood at 15.09% vs 15.84% previous year. Net profit was down 15.56% at Rs 186.01 crore.

Q4 Results Today:

Bharti Airtel, LIC Housing Finance, Max Healthcare Institute, Bank of Baroda, Indian Oil Corporation, Jindal Steel & Power, JK Paper, Creditaccess Grameen, Alicon Castalloy, Amber Enterprises India, Aurionpro Solutions, Automotive Axles, Chemplast Sanmar, EIH Associated Hotels, Excel Industries, Granules India, Indo Rama Synthetics (India), Jubilant Ingrevia, Kajaria Ceramics, etc.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740

Above views are of the author and not of the website kindly read disclaimer