Nifty futures on Singapore Exchange had been down 44 points on Wednesday morning, hinting at a gap-down commence for domestic equity markets. Headline indices on Dalal Street have been moving flat for the last two days now. However, Sensex and Nifty have held above their assistance levels and technical analysts continue to think that the quick term trend is positive. “There is a possibility of further consolidation or minor weakness in the next 1 or 2 sessions before showing upside bounce from the lows. Immediate support is placed at 15,130,” stated Nagaraj Shetti, Technical Research Analyst, HDFC Securities. Investors could go for stock-certain trades in such a marketplace.
HDFC: Housing Development Finance Corporation (HDFC) stated it will raise up to Rs 7,000 crore by issuing bonds on a private placement basis. The base problem size for the secured redeemable non-convertible debentures (NCDs) is Rs 5,000 crore with an solution to retain oversubscription of up to Rs 2,000 crore, HDFC stated in a regulatory filing. HDFC will give a coupon price of 6% per annum on the bonds, the problem for which opens on May 28, 2021.
DHFL: The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the order passed by the Mumbai bench of the NCLT, which had directed the administrator of Dewan Housing Finance (DHFL) to take into consideration the settlement give made by its former promoter, Kapil Wadhawan.
Thermax: The firm reported a 174% On-year raise in its consolidated net profit at Rs 107 crore for the quarter ended March 31, 2021, driven by powerful development in income. For the complete year ended March 31, 2021, the firm maintained its consolidated net profit levels as it reported a decline of 2% to Rs 207 crore, compared to last year.
Emami: FMCG firm Emami Ltd on Tuesday reported more than a 3-fold jump in its consolidated net profit to Rs 87.73 crore for the January-March quarter. The firm had posted a net profit of Rs 22.75 crore through the March quarter of the earlier monetary year.
Computer Age Management Services: CAMS reported a net profit of Rs 60 crore in the January-March quarter, up 39.5% from a year ago period when the company’s net profit stood at Rs 43 crore. Revenue grew 15% on-year basis.
Results today: BPCL, Berger Paints, Pfizer Ltd, Cummins India, Burger King, Hindustan Foods, LT Foods, MPS, The Karnataka Bank, Manappuram Finance, Somany Home Innovation, Astra Microwave Products are some of the organizations that will report their quarterly outcomes today.