Shares to look at: ITC, Narayana Hrudayalaya, Magma Fincorp, auto shares

Nifty futures on the Singapore Change traded 45 factors increased at 15,625 round 8.30 am, indicating a agency begin for the benchmark indices on Tuesday.

Listed here are the highest shares to look at in as we speak’s session:

Earnings Right now: A complete of 17 corporations are slated to submit their March quarter numbers as we speak, together with ITC, Balrampur Chini Mills, Gujarat Fuel and Radico Khaitan.

Analysts anticipate ITC to submit excessive single-digit income development on a yearly foundation in the course of the quarter underneath evaluate, though the revenue after tax (PAT) is predicted to fall. READ MORE

Auto shares: Shares of auto corporations can be in focus as automakers will report Could gross sales figures between June 1-2. Consultants eye a double-digit decline throughout segments, particularly within the two-wheeler and business automobiles house, whereas the affect on tractors and the passenger automobile segments may very well be lesser.

Defence shares: Shares of defence equipmemt producers can be on investor radar as we speak after the Defence Ministry on Monday notified the second damaging import record of 108 gadgets that may now be solely bought from indigenous sources.

Jammu & Kashmir Financial institution: The lender will take into account the proposal of capital infusion within the financial institution by the state authorities as its promoter shareholder to the extent of Rs 500 crore on June 4.

Magma Fincorp: The non-banking finance firm reported widening of its consolidated internet loss to Rs 647.72 crore for the final quarter of FY21 on accelerated write-offs and provisions. The Board on Monday appointed Adar Poonawalla because the Chairman and Abhay Bhutada because the Managing Director. Vijay Deshwal, a seasoned banker at present with ICICI Financial institution, will take cost as CEO of Magma Fincorp from July. He can even be the Group CEO.

Greenply: Metropolis-based playboard main Greenply Industries on Monday mentioned it is going to be investing a complete of Rs 115 crore for organising of greenfield plywood and its allied merchandise manufacturing plant in Uttar Pradesh and the plant was anticipated to be operational by March-April quarter of 2022.

Canara Financial institution: State-owned Canara Financial institution on Monday mentioned it has appointed S Okay Majumdar as its chief monetary officer (CFO) with speedy impact.

Honeywell Automation India: The corporate reported a 6.4 per cent YoY decline in revenue at Rs 104.02 crore for the fourth quarter of FY21 as towards Rs 111.14 crore within the corresponding quarter final fiscal.

Narayana Hrudayalaya: The corporate’s March quarter consolidated revenue jumped over 5 folds to Rs 68.05 crore from Rs 11.99 crore posted in the identical interval a yr in the past. The income got here in at Rs 837.76 crore as towards Rs 742.95 crore YoY.

Rupa & Firm: The corporate reported consolidated revenue at Rs 65.9 crore in Q4FY21 as towards a lack of Rs 4.28 crore in Q4FY20.

Trent: The corporate allotted 5,000 unsecured, redeemable NCDs of Rs 10 lakh every aggregating to Rs 500 crore on a non-public placement foundation.

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