Stocks in the news: BoB, HDFC Bank, Thermax, Biocon, Cummins, Bodal Chemicals, GSFC

Bank of Baroda | Thermax | Biocon | Cummins | Future Consumer | GSFC | Redington | Skipper and Ashoka Buildcon are stocks which are in the news today.

Here are stocks that are in the news today:

Results on May 23: Sun TV Network, Eclerx Services, Eros International, Indraprastha Gas, General Insurance Corporation of India, HealthCare Global Enterprises, MEP Infrastructure Developers, Novartis India, 3P Land Holdings, A2Z Infra Engineering, Aarvee Denims & Exports, Abans Enterprises, Abhinav Capital Services, Adinath Exim Resources, Allsec Technologies, Amradeep Industries, Amraworld Agrico, Amrutanjan Healthcare, Arex Industries, Asahi Industries, Add-Shop Promotions, Auro Laboratories, Banas Finance, Bhagyanagar Properties, Bhagyanagar India, BLS Infotech, Cantabil Retail India, Computer Point, Coromandel Agro Products & Oils, Creative Castings, Daikaffil Chemicals, Disa India, Dolphin Medical Services, Dwarikesh Sugar Industries, Euro Asia Exports, Florence Investech, Frontline Business Solutions, Frontier Capital, Garware Marine Industries, GK Consultants, Gokak Textiles, Goldiam International, Golden Legand Leasing, Goldstone Technologies, Gopal Iron & Steels, Hazoor Multi Projects, Industrial Investment Trust, Integrated Technologies, Integrated Proteins, I-POWER Solutions India, Jackson Investments, Jaybharat Textiles & Real Estate, J Taparia Projects, Kilpest India, K-Lifestyle & Industries, KSL and Industries, Ladderup Finance, Lakshmi Automatic Loom Works, Mandhana Industries, Mercantile Ventures, MFS Intercorp, Modipon, Mukat Pipes, National Standard (India), Naysaa Securities, NCL Research & Financial, Oil Country Tubular, Praxis Home Retail, Proseed India, Ramco Industries, Ratnabhumi Developers, Religare Enterprises, Retro Green Revolution, Rishabh Digha Steel, Rane (Madras), Rudra Global Infra Products, Sanghvi Movers, Sarla Performance Fibers, Sellwin Traders, SEL Manufacturing Company, Seven Hill Industries, Shaba Chemicals, Shivalik Bimetal Controls, Shree Securities, Siel Financial Services, SP Apparels, Sprayking Agro Equipment, Sterling Tools, South India Paper Mills, Sundaram Multi Pap, Sun and Shine Worldwide, Sun Techno Overseas, Surana Solar, Surana Telecom, Switching Technologies, Technvision Ventures, Thirdwave Financial Intermediaries, Transoceanic Properties, TVS Srichakra, Universal Autofoundry, Xchanging Solutions

Bank Of Baroda Q4: Net loss at Rs 991.4 crore versus loss of Rs 3,102.3 crore, NII up 26.6 percent at Rs 5,067 crore versus Rs 4,002.3 crore YoY. Gross NPA at 9.61 percent versus 11.01 percent and net NPA at 3.33 percent versus 4.26 percent QoQ.

Thermax Q4: Net profit up 67.6 percent at Rs 126.9 crore versus Rs 75.7 crore; revenue up 43.7 percent at Rs 2,073.7 crore versus Rs 1,443 crore YoY.

Cummins Q4: Net profit down 12.6 percent at Rs 140.9 crore versus Rs 161 crore; revenue up 8.9 percent at Rs 1,340 crore versus Rs 1,230.2 crore YoY.

Future Consumer Q4: Consolidated net profit at Rs 7.5 crore versus loss of Rs 4.5 crore; revenue up 27.9 percent at Rs 1,037 crore versus Rs 811 crore YoY.

GSFC Q4: Net profit down 36.3 percent at Rs 99.7 crore versus Rs 156.4 crore; revenue up 4.2 percent at Rs 2,138.4 crore versus Rs 2,052.2 crore YoY.

Redington Q4: Consolidated net profit up 20.2 percent at Rs 172.5 crore versus Rs 143.5 crore; revenue up 15.6 percent at Rs 12,582.6 crore versus Rs 10,880 crore YoY.

Skipper Q4: Net profit down 64.1 percent at Rs 18 crore versus Rs 49 crore; revenue down 26.9 percent at Rs 433.4 crore versus Rs 592.8 crore YoY.

Veto Switchgears Q4: Net profit down 84.5 percent at Rs 1.1 crore versus Rs 7.1 crore; revenue down 33.4 percent at Rs 46.9 crore versus Rs 70.4 crore YoY.

SH Kelkar Q4: Net profit up 1.5 percent at Rs 20 crore versus Rs 19.7 crore, revenue down 5.3 percent at Rs 268.8 crore versus Rs 283.8 crore YoY.

Ashoka Buildcon Q4: Net profit down 47.2 percent at Rs 98 crore versus Rs 186 crore; revenue up 86.2 percent at Rs 1,307.4 crore versus Rs 702.3 crore YoY.

TD Power Q4: Net profit at Rs 15.4 crore versus Rs 3.7 crore; revenue up 25.7 percent at Rs 200.8 crore versus Rs 159.8 crore YoY.

Fairchem Speciality approved a composite scheme of arrangement and amalgamation amongst Fairchem Speciality, Fairchem Organics & Privi Organics India

OBC board to consider and approve the raising of capital from the market through QIP or such other mode as decided by the Board on June 1

HDFC Bank approved sub-division of equity shares from 1 equity share of face value of Rs 2 each to 2 equity shares of face value of Re 1 each

Bodal Chemicals planning to acquire 80% stake in Turkey based LLP namely SENER BOVA KIMYA TEKSTIL SANAYI VE TICARET

Wipro builds a blockchain-based solution for Travacoin to enable digital currency-based payments for the airline industry

ITI inks MoU with Department of Telecommunications for the Year 2019-20

L&T issues non-convertible debentures by worth Rs 2000 crore

Adani Ports & SEZ board meeting on May 27 to consider fund raising by way of issuance of non-convertible debentures for an amount upto Rs 1,500 crores on private placement basis

Biocon: Health Canada approves company & Mylan’s Trastuzumab biosimilar

Nitin Fire Protection: Bharat Shah resigned as Chief Financial Officer of the company.

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Stocks in the news: RIL, HDFC Bank, GVK Power, SBI, Jet Airways, L&T, Tata Coffee

Here are the stocks that are in news today:

Results Today: AU Small Finance Bank, Goa Carbon, Lux Industries, Mahindra Lifespace Developers, Shiva Cement, Swaraj Engines, Tejas Networks

CCI approves acquisition of electrical & automation business of L&T by Schneider & Macritchie

Reliance Industries Q4

Net profit up at Rs 10,362 crore, revenue down 11.3% at Rs 1.38 lakh crore

Gross refining margin at USD 8.20/bbl

Rel Jio Q4 net profit up 1.1% at Rs 840 crore; FY 19 profit up 309% at to Rs 2,964 crore, YoY

HDFC Bank Q4: Net profit rises 22.6 percent to Rs 5,885.1 crore, net interest income increases 22.8 percent to Rs 13,089.5 crore YoY.

Tata Sponge Iron Q4 net profit at Rs 24.39 crore, revenue at Rs 254.07 crore

ICICI Lombard Q4FY19 net profit up 7.5% to 228 crore against Rs 212 crore in Q4 FY2018

Jay Bharat Maruti Q4 net profit falls 63 percent at Rs 11.10 crore against Rs 18.13 crore, YoY

Tata Coffee Q4: Profit jumps to Rs 10.49 crore versus Rs 6.46 crore; revenue increases to Rs 460.52 crore versus Rs 440.43 crore YoY.

SpiceJet, Emirates sign MoU for codeshare partnership

Reliance Capital: Brickwork Ratings revised rating to A+ (credit watch with negative implications) for long-term debt program, market-linked debentures and subordinated debt of the company, due to extension of timeline for progress of planned disinvestments in various companies.

CARE Ratings revised its rating to A (credit watch with developing implications) for long-term debt programme, market-linked debentures and subordinated debt of the company, due to extension of timeline for progress of planned divestments in various companies.

Majesco announces ready-to-use partner apps in Majesco Digital1st EcoExchange

Asian Granito India Ltd forays into Sanitaryware

Dr Reddy's Laboratories: USFDA classifies Srikakulam plant inspection as Voluntary Action Indicated (VAI)

Thangamayil Jewellery opens new retail outlets

Corporation Bank: Brickwork revises the outlook on the rating of bank's bonds to stable.

Bank of Baroda: Srei Equipment Finance and BoB to offer joint loans for infrastructure equipment under a new agreement.

GVK Power - Abu Dhabi Investment Authority and the National Investment & Infrastructure Fund to invest in new shares in GVK Airport Holdings, subsidiary of company, equating to a 49% stake

Bank of Maharashtra board meeting on April 29 to consider audited financial results for the quarter ended March 2019

Axis Bank issued 5 year Senior Fixed Rate Green Bonds aggregating to USD 40,000,000 under the GMTN Programme

Jet Airways

Nasim Zaidi has submitted the resignation as non-executive non independent director

Independent director Rajshree Pathy resigns

Etihad spokesperson said Aviation Group sees significant value generation from ownership & management of Jet Privilege Program (Reuters).

CRISIL downgrades DHFL commercial papers' rating to CRISIL A3+ from CRISIL A2+

Shirpur Gold Refinery appoints Sharvan Kumar Shah as chief financial officer

JSW Steel raised USD 500 million by the allotment of fixed rate senior unsecured notes

SBI board meeting on April 24 to consider fund raising plan

Borosil Glass Works made an additional investment in Klass Pack, a subsidiary company

Gravita India: Gravita Tanzania commences commercial production of lead from its plant situated at Tanzania, East Africa.

GKB Ophthalmics: Board accepted the resignation of Gaurav Gupta, Promoter, Non-Executive Director, from the post of Director and as a member of the Audit Committee.

FCS Software Solutions: Board approved the scheme of amalgamation providing for the merger of its wholly owned subsidiaries, Insync Business Solutions, Innova E Services, Stablesecure Infraservices, Cgain Analytics and Zero Time Constructions with FCS Software Solutions.

Out of F&O Ban: DHFL, Jet Airways, Reliance Power, Wockhardt

Analyst or Board Meet/Briefings

Syngene International: Board meeting is scheduled on April 24 to consider a proposal for issue of bonus shares.

Gujarat State Fertilizers & Chemicals: Company will announce its FY19 earnings on May 22.

Raymond: Company will announce its FY19 earnings on April 30.

Wockhardt: Company will announce its FY19 earnings on May 6.

ICICI Securities: Company will host an earnings call with analysts and investors on April 23 to discuss the financial results of the company.

Bharti Infratel: Board to recommend/declare dividend, if any, in its meeting scheduled to be held on April 24.

KPR Mill: Board meeting will be held on April 29 to consider audited financial results for the year ended March 2019, recommendation of dividend, if any; and the proposal for buyback of shares.

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Source: Moneycontrol