Top 11 stocks to keep a watch on for today's session
Route Mobile: Emirates Integrated Telecommunications Company (EITC or du) partners with Route Mobile Limited to launch its global A2P messaging hub as a new service in the region, fully managed by Route Mobile Limited.
Hero MotoCorp: The world’s largest manufacturer of motorcycles and scooters, Hero MotoCorp sold 1,83,044 units of two-wheelers in the month of May 2021.
Eicher Motors: Motorcycles sales data for the month of May 2021 stood at 27,294 units as compared to 19,113 in May 2020.
IFGL Refractories: Isostatic press at the company’s Kandla (Gujarat) facility is under repairs and is expected to be up and running within the next 15-20 days. Consequently, manufacturing of isostatically pressed refractories thereat has got affected, which is being made up with increased production of said refractories at the company’s manufacturing facility at Kalunga (Odisha). Because of the aforesaid disruption temporary in nature, the company does not foresee any business loss and also, failure of delivery commitments to customers. Besides, production of all other refractories at Kandla facility is going on as usual.
Chemcon Speciality Chemicals: The company’s revenue stood at Rs 71.5 crore growth of 38 per cent on a YoY basis. EBITDA stood at Rs 20.8 crore with a growth of 53 per cent YoY basis while PAT at Rs 15.5 crore growth of 58 per cent YoY. Kamal Aggarwal commented, “Our HMDS & CMIC business are operating at full capacity at 3,000 & 1,800 level, respectively, which is a testimony of the product demand. India is still a net importer of these two products and there is ample opportunity for players like us, who can become a long-term sustainable partner. We have maintained our market leadership position in these pharma chemicals. New product 4 CBC has contributed to our revenue marginally. On the other hand, products like 2,5 DHT and high purity HMDS are likely to flourish in FY22”.
Dynacons: Dynacons Systems & Solutions Ltd ranked in ‘The Financial Times: High Growth Companies Asia Pacific 2021’.
Karda Constructions: The company’s business activity falls within two business segments i.e. development of real estate properties and civil contracting business. The company has witnessed growth in both the segments on QoQ and YoY basis.
Patel Engineering: The company and its consortium lenders have completed the execution of the necessary agreements, deeds, security creation, undertakings, and other relevant documents for the implementation of the One-Time Resolution (OTR) Plan on May 31, 2021.
Adani Port: Dr Malay Mahadevia has stepped down from his position as Whole-Time Director & Key Managerial Personnel of the company with effect from the closing of business hours of May 31, 2021. However, he will continue as a Non-Executive, Non-Independent Director of the company.
Parsvnath Developers: The total of 8,86,30,392 equity shares were released from pledge/return. Now the number of pledged shares of the promoters along with persons acting in concert has been reduced to 10,77,46,000, which is 24.76 per cent of the total paid-up capital of the company and 35.81 per cent of the total promoter’s shareholding of the company.
Axis Bank: The bank has received a request letter dated June 1, 2021, from General Insurance Corporation of India (GIC), one of the promoters of the bank, to reclassify GIC to ‘public’ category from ‘promoter’ category, in accordance with Regulation 31A of the Listing Regulations.