Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for March starting from today, 1 April 2021.
NTPC informed that consequent upon successful commissioning and due approvals, first part capacity of 70 MW of 85 MW Bilhaur Solar PV Project at Bilhaur, Uttar Pradesh, is declared on Commercial Operation with effect from 28 March 2021. With this, the commissioned as well as commercial capacity of NTPC and NTPC group has become 51725 MW and 64490 MW respectively.
Hindustan Aeronautics recorded a revenue in excess of Rs. 22,700 crores (provisional and unaudited) for the financial year ended on March 31, 2021. The corresponding figure for the previous year stood at Rs. 21,438 crores. The company has posted a revenue growth of around 6% in FY 2020-21.
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 291.36 points or 0.59% at 49,800.51. The Nifty 50 index was up 76.55 points or 0.52% at 14,767.25. Upbeat Asian stocks boosted sentiment.
The S&P BSE Mid-Cap index was up 0.79%. The S&P BSE Small-Cap index was up 1.16%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1557 shares rose and 441 shares fell. A total of 71 shares were unchanged.
Stocks in news:
NTPC rose 1.55%. NTPC informed that consequent upon successful commissioning and due approvals, first part capacity of 70 MW of 85 MW Bilhaur Solar PV Project at Bilhaur, Uttar Pradesh, is declared on Commercial Operation with effect from 28 March 2021. With this, the commissioned as well as commercial capacity of NTPC and NTPC group has become 51725 MW and 64490 MW respectively.
HAL share rallies 5% after firm clocks record revenue in FY21
HAL share touched an intraday high of Rs 1,051.3, rising 5.67% on BSE
BusinessToday.In | April 1, 2021 | Updated 17:11 IST
HAL stock opened with a gain of 2.03% today against previous close of Rs 994.85 on BSE.
Hindustan Aeronautics (HAL) share rose 5 percent on April 1 after the state owned defence firm reported all-time high revenue of over Rs 22,700 crore for the fiscal ended March 31, 2021. HAL stock opened with a gain of 2.03% today against previous close of Rs 994.85 on BSE.
The share touched an intraday high of Rs 1,051.3, rising 5.67% on BSE. It stands higher than 5 day, 50 day, 100 day and 200 day moving averages but lower than 20 day moving averages. The share has gained 94.15% in one year and risen 22.19% since the beginning of this year. Later, the stock closed 3.96% higher at Rs 1034.25 on BSE. Market cap of the firm rose to Rs 34,541 crore.
Hindustan Aeronautics (HAL) jumped 4.24% to Rs 1037 after the company said it recorded revenue in excess of Rs 22,700 crore for the financial year ended on 31 March 2021, in spite of the COVID-19 disruptions.
The corresponding figure for the previous year stood at Rs 21,438 crore. The company has posted a revenue growth of around 6% in FY 2020-21 thanks to the improved productivity after suspending the operations for one month in the beginning of the year.
R. Madhavan, CMD, HAL, said that the year 2020-21 was significant in terms of securing the largest ever defence contract of 83 LCA MK-IA by an Indian company. This helped the company surpass the order book position in excess of Rs 80,000 crore. The record revenue was achieved with the help of production of 41 new helicopters/aircraft, 102 new engines, overhaul of 198 aircraft/helicopters and 506 engines, he added.
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