Shares to look at: Tata Motors, Axis Financial institution, IOC, Minda Corp, Shakti Pumps

Nifty futures on the SGX had been buying and selling 82 factors decrease at 8.20 am, indicating a tepid begin to Wednesday’s session.

Listed here are the highest shares to trace in at this time’s session:

Earnings Immediately: IOC, Indiabulls Housing Finance, JK Tyre & Industries, Tanla Platforms and Zuari Agro Chemical compounds are amongst 25 firms slated to submit their March quarter outcomes at this time.

Tata Motors: Auto main Tata Motors reported a shock consolidated web lack of Rs 7,605 crore for the quarter ended March 31, 2021, primarily on account of asset write downs in subsidiary Jaguar Land Rover (JLR). In response to a consensus estimate of Bloomberg, Tata Motors was anticipated to report a web revenue of Rs 2,774.10 crore. READ MORE

Axis Financial institution: The federal government will promote practically 2 per cent stake in Axis Financial institution held by way of Specified Enterprise of the Unit Belief of India (SUUTI), a transfer that’s anticipated to fetch round Rs 3,969 crore to the exchequer in divestment receipts. The federal government will promote its 1.21 per cent stake or 36 million shares in Axis Financial institution with the ground value set at Rs 680 a share. READ MORE

Shakti Pumps India: The corporate reported a consolidated web revenue of Rs 30.39 crore for the quarter ended March 31. The corporate had posted a lack of Rs 6.14 crore within the corresponding interval of 2019-20.

Ujjivan Small Finance Financial institution: The lender on Tuesday reported an 86 per cent YoY leap in its web revenue to Rs 136 crore for the final quarter of the fiscal resulted in March 2021.

Blue Star: Cooling merchandise maker Blue Star Ltd on Tuesday stated it has included a brand new wholly-owned subsidiary “Blue Star Climatech” to hold out manufacturing and deal consistent with the mainline of enterprise of the corporate.

GlaxoSmithKline Prescription drugs: The drug agency posted a consolidated web revenue of Rs 14.33 crore for the fourth quarter ended March 2021 as towards a web revenue of Rs 138.07 crore for the corresponding interval of the earlier fiscal.

Minda Corp: Auto parts maker Minda Company reported a consolidated revenue after tax of Rs 12.92 crore for the March quarter towards a lack of Rs 299.78 crore within the year-ago interval.

Central Financial institution of India: The PSU lender stated its shareholders have authorized allotment of choice shares to the federal government for a Rs 4,800-crore capital infusion.

Adani Ports: The Competitors Fee of India (CCI) gave nod to proposed acquisition of extra 25 per cent stake of Adani Krishnapatnam Port Ltd by Adani Ports and Particular Financial Zone Ltd.

JSHL: Jindal Stainless Hisar (JSHL) reported an over three-fold leap in its consolidated web revenue at Rs 350.65 crore for the quarter ended March 31, 2021, primarily on account of elevated revenue.

Jaypee Infratech: Mumbai-based realty agency Suraksha group, which is within the race to amass debt-laden Jaypee Infratech Ltd (JIL), has written to monetary collectors and objected to extension of deadline for submissions of bids.

Torrent Pharma: Drug agency Torrent Pharma reported a 3.18 per cent YoY rise in its consolidated web revenue to Rs 324 crore for the quarter ended March 31, 2021 primarily on the again of continued India enterprise restoration momentum, and value management.

Infosys, Majesco: IT companies agency Infosys and Majesco, a cloud insurance coverage software program options supplier, on Tuesday, introduced a strategic collaboration to work collectively to assist joint prospects speed up their digital transformation journey.

Laxmi Natural Industries: The corporate will arrange a wholly-owned subsidiary firm in United States.

JSW Power: The wholly-owned subsidiary of the corporate, JSW Hydro Power, has raised $707 million by allotment of dollar-denominated senior secured notes.

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