Shares to observe: HDFC Financial institution, M&M, BoB, Affle (India), Aurobindo Pharma, PNB

Nifty futures on the Singapore Alternate had been down 49 factors at 15,444, indicating a tepid begin for the benchmark indices on Monday.

Listed here are the highest shares to trace in immediately’s session:

HDFC Financial institution: The Reserve Financial institution has imposed a penalty of Rs 10 crore on HDFC Financial institution for deficiencies in regulatory compliances with regard to its auto mortgage portfolio. The penalty has been slapped after analyzing a grievance by a whistleblower relating to irregularities within the auto mortgage portfolio of the lender.

Mahindra & Mahindra (M&M): The corporate is planning to deploy Rs 17,000 crore over the following three years, together with capex on new fashions and investments in group corporations apart from its auto and farm sector companies, a prime firm official mentioned on Friday.

Earnings At present: Aurobindo Pharma, Chemcon Speciality Chemical compounds, Astron Paper & Board Mill, Jamna Auto Industries and Uttam Galva Steels are amongst 79 corporations slated to publish their quarterly numbers immediately.

BoB: Financial institution of Baroda (BoB) reported a standalone web lack of Rs 1,047 crore within the quarter ended March 2021, because it shifted to a brand new tax regime. The lender had reported a standalone profit-after-tax of Rs 507 crore within the year-ago interval.

Affle (India): Cellular promoting agency Affle (India) posted almost three-fold bounce in consolidated revenue at Rs 58.7 crore for the quarter ended March 31, 2021. The corporate had posted a web revenue of Rs 20 crore in the identical quarter a yr in the past.

Divi’s Labs: Drug agency Divi’s Laboratories reported a 29.30 per cent YoY rise in its consolidated web revenue to Rs 502.02 crore for the quarter ended March 31, 2021, on account of strong gross sales.

Greenback Industries: The corporate posted a web revenue of Rs 19 crore within the fourth quarter of the fiscal ended March 21, recording an increase of 58 per cent over the corresponding interval final yr.

Fortis Healthcare: The corporate reported a consolidated web revenue of Rs 62.36 crore for the quarter ended March 31, 2021 on account of wholesome efficiency in each the hospital and the diagnostics segments. The corporate had posted a web lack of Rs 41.24 crore for the corresponding interval of the earlier fiscal.

Dhanlaxmi Financial institution: The personal sector lender reported a web revenue of Rs 5.28 crore within the fourth quarter of FY2020-21, up by over two-folds from a yr in the past. It had posted a web revenue of Rs 2.60 crore within the year-ago identical quarter.

Glenmark Prescription drugs: The drug agency reported a 6.15 per cent YoY rise in its consolidated web revenue to Rs 233.87 crore for the quarter ended March 2021 on account of upper gross sales.

Jagran Prakashan: The writer of Hindi day by day Dainik Jagran on Friday reported about seven-fold bounce in its consolidated web revenue at Rs 39.90 crore for the fourth quarter ended March 2021.

Sundaram Finance: The NBFC agency reported a 59.5 per cent YoY bounce in its fourth quarter revenue at Rs 209 crore. Disbursements for the quarter beneath assessment grew to Rs 3,305 crore from Rs 2,930 crore registered in the identical quarter final yr.

Kotak Mahindra Financial institution: The lender mentioned its board has authorized proposal to boost as much as Rs 5,000 crore by issuing debt securities.

Suzlon Power: The corporate on Saturday mentioned Himanshu Mody is appointed as its new Chief Monetary Workplace from August 1, 2021.

PNB: Punjab Nationwide Financial institution (PNB) will divest its stake in Canara HSBC OBC Life Insurance coverage Co.

Photo voltaic Industries India: The corporate has appointed Moneesh Agrawal, Senior Common Supervisor, Accounts and Shalinee Mandhana, Common Supervisor, Finance as Joint Chief Monetary Officers efficient Could 27.

HeidelbergCement India: The corporate on Friday reported an over two-fold bounce in web revenue to Rs 139.99 crore for the fourth quarter ended March 2021. It had reported a web revenue of Rs 66.29 crore within the January-March interval a yr in the past.

Karur Vysya Financial institution: Non-public sector Karur Vysya Financial institution posted almost 23 per cent YoY rise in its web revenue at Rs 104 crore within the final quarter of the fiscal ended March 2021, on account of fine development in retail mortgage portfolio in addition to gold mortgage.

Expensive Reader,

Enterprise Customary has all the time strived laborious to supply up-to-date data and commentary on developments which might be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on the right way to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to conserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nevertheless, have a request.

As we battle the financial affect of the pandemic, we’d like your help much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your help by way of extra subscriptions may help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Customary.

Digital Editor