Stocks that are likely to record significant movement on bourses today
Infosys: Infosys positioned as a leader in Everest Group PEAK Matrix® Assessments for system integrator capabilities 2021 across AWS, Microsoft Azure, and Google Cloud.
Symphony: The consolidated sale of Q4 is up by 36 to Rs 337 crore vs Rs 248 crore in Q4 19-20 due to the increase in sales in Symphony India and Climate Technologies Pty Ltd. Besides, consolidated PAT is also up by 58 per cent to Rs 63 crore vs Rs 40 crore in Q4 19-20.
Axis Bank: PAT for Q4FY21 stood at Rs 2,677 crore, up by 140 per cent QoQ while operating profit was up by 17 per cent YoY and 13 per cent QoQ. NII grew by 11 per cent YoY to Rs 7,555 crore.
ABB: Strong rebound was witnessed in orders in automation and robotics portfolio. Orders went up by 24 per cent sequentially with an uptrend across all divisions. Around 61 per cent sequential growth was seen in PBT before exceptional items.
Wipro: Wipro achieves AWS Mainframe Migration Competency status.
Hatsun Agro Product:
- Milk & milk products Plant in Solapur (Maharashtra) has been installed with a capacity of 6 LLPD, which already started commercial production from the last week of January, 2021. Further, the company is in the process of increasing the capacity by 50,000 LPD to produce Lassi & Butter Milk and this expansion is likely to be completed by September 2021.
- Milk products Plant in Udhiyur, Dharapuram (Tamil Nadu): The company has already installed manufacturing facilities for paneer with a capacity of 5 MT per day and commenced commercial production from the end of January 2021. Further, the company is now in the process of setting up milk processing unit with a capacity of 3.0 LLPD, which is likely to commence the commercial production by the end of June 2021.
- Ice-cream plant in Govindapur: The construction activities are going on while the Plant with a capacity of about 1 lakh kg per day is expected to be commissioned by the end of September 2021. The estimated Capex is about Rs 311 crore.
- Proposed dairy Plant in Northern Andhra Pradesh: The company is in the process of identifying the required land to set up the dairy plant in the Northern part of Andhra Pradesh.
- Solar power generation through Swellect Sun Energy Private Limited: This project is under progress and the company is expected to start consuming solar power through this project to the extent of about 2.25 crore units annually. This project is expected to be completed by May 2021.
Bharat Forge: NCLT approves the company’s resolution plan for the acquisition of Sanghvi Forging & Engineering.
Info Edge: Zomato is proposing an IPO of its equity shares, comprising a fresh issue of equity shares by Zomato and offer for sale by Info Edge aggregate up to Rs 750 crore.
IIFL Finance: IIFL Finance Limited had purchased its own notes, listed at Singapore Exchange Securities Trading Limited (SGX-ST), amounting to USD 28,04,000 (nominal value) through open market and further initiated for cancellation of notes.
RKEC Projects: The company had received a part payment of Rs 37.50 crore on April 26, 2021, of project ‘Rural Electrification works of Pratapgarh district in Uttar Pradesh state under Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) - Twelfth plan. The remaining payment is expected soon.