MFI stock hits upper circuit as company receives loan facility
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In an announcement, the microfinance institution said it had received a senior loan facility from Oesterreichische Entwicklungsbank – OeEB, Austria, through an external commercial borrowing route
Agencies
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NSE
NEW DELHI: Shares of
Satin Creditcare Network jumped as much as 5 per cent in Wednesday morning trade after the NBFC firm received a senior loan facility of $5 million through external commercial borrowing. The scrip hit the 5 per cent upper circuit limit at Rs 61.55 in early Mumbai trading on BSE. Benchmark BSE Sensex traded 154 points, or 0.32 per cent, higher at 48,408.
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Nifty futures on the Singapore Exchange traded 14 points, or 0.10 per cent, lower at 14,518.50 in signs that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today s trade:
Tata Steel, Adani Green Energy: Adani Green Energy,
Adani Enterprises, Gillette India, Deepak Nitrite, Oracle Financial, Blue Dart Express, JM Financial,
Ceat, Craftsman Automation, Angel Broking and Shalby are among companies that will announce their March quarter results today.
RBL Bank: Small-sized private lender RBL Bank reported a 34 per cent decline in its March quarter profit to Rs 75 crore compared to Rs 114 crore in the year-ago period due to provisioning for possible loan losses that it sees in the retail unsecured segments.
: Wednesday, May 5, 2021, 1:33 AM IST
Stocks to watch today: Adani Ports, DCM Shriram, Satin Creditcare, Alembic Pharma, Adani Total Gas, RBL Bank, L&T Infotech among others
Stocks to watch today: Adani Ports, DCM Shriram, Satin Creditcare, Alembic Pharma, Adani Total Gas, RBL Bank, L&T Infotech among others
Some raised funds while others invested, some reported profit while others reported loss. So, here is a mix bag of stocks that are expected to be more active than usual.
Below are list of stocks:
Adani Ports and Special Economic Zone Limited (APSEZ): The port company on Tuesday reported a 288 per cent jump in consolidated net profit to Rs 1,321 crore for the fourth quarter ended March 31, 2021. The country s largest integrated logistics player had clocked a consolidated net profit of Rs 340.21 crore in the corresponding period of the previous fiscal, it said in a BSE filing. Consolidated total income increased to Rs 4,072.42 crore for the fourth quarter as against Rs 3,360
Here are the top stocks to track in today s session:
TCS: The IT major s net profit for the March quarter rose 14.9% year-on-year (YoY) and 6.2% quarter-on-quarter (QoQ) to Rs 9,246 crore. Meanwhile, the revenue for the quarter stood at Rs 43,705 crore, up 5.9 per cent YoY and 4.2 per cent QoQ. The biggest takeaway from the Q4 numbers was the order book at $9.2 billion, the highest ever reported by TCS in a quarter since the company started reporting this metric.
Yes Bank: Sebi imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender s AT-1 bonds few years ago. Besides, the watchdog has imposed a fine of Rs 1 crore on Vivek Kanwar, who was the Managing Director of Yes Bank, Rs 50 lakh each on Ashish Nasa and Jasjit Singh Banga, who were part of the bank s private wealth management team at the time of violation.
Read more about Sensex jumps 660 pts, Nifty tops 14,500; banks, autos soar on Business Standard. Key equity indices ended with strong gains on Tuesday, recovering from yesterday s steep selloff. The Nifty managed to close above the 14,500 mark at the day s high. Barring IT and pharma, all the sectoral indices on the NSE ended in the green.