Keep your eyes glued on these eight stocks on Monday!
GE Shipping: Great Eastern Shipping Company Limited (GE Shipping) has contracted to sell its 2003-built Aframax Crude Carrier, Jag Lata of about 1,05,716 dwt. The vessel will be delivered to the new buyers in Q2FY 2021-22.
Indian Railway Finance Corporation: NSE IFSC lists Indian Railway Finance Corporation’s foreign currency bonds as well as green bonds.
Sun Pharma: The company has repaid debt of about US$ 185 million in Q1FY22 compared to the debt as of March 31, 2021. Over the last five quarters, the company has repaid debt of about US$ 765 million. Commenting on the result, Dilip Shanghvi, MD of the company said, “Our India business continues to do well while our global speciality revenues have grown over Q4. We are happy with Ilumya’s performance, which has grown both YoY and sequentially. We continue to focus on growing our overall business and simultaneously strengthening our global specialty portfolio. The recent in-licensing of Winlevi for the US and Canada is a step forward in this direction.”
Aditya Birla Fashion Retail: E-commerce sales continued to grow rapidly. Both own brand websites and third-party marketplaces performed well. It strengthened omnichannel coverage across businesses, with 1,300+ Omni-enabled stores across the network.
Exide Industries: Net profit for Q1FY22 jumped 185 per cent YoY to Rs 125.42 crore against Rs 43.95 crore reported in Q1FY21. MD & CEO of the company said, “The company has achieved impressive growth in both automotive and industrial divisions. While replacement volume for both automotive and UPS batteries remain extremely encouraging, infra, OEM & Expo 1 markets registered better than expected growth during the quarter.”
UPL: Revenue from operations increased 9 per cent to Rs 8,515 crore, volume growth-6 per cent with a price increase of 2 per cent and currency impact of 1 per cent. EBITDA rose 9 per cent to Rs 1,862 crore while net profit jumped 23 per cent to Rs 678 crore.
Ujjivan Small Finance Bank: CARE Ratings Limited has reaffirmed its ‘CARE A1+; Stable’ rating on long-term bank facilities of Rs 23.19 crore (reduced from Rs 407.63 crore).
DEN Networks: Futuristic Media & Entertainment sold their entire holding of 1,57,70,000 equity shares, representing 51 per cent of the equity share capital of CCN to Virender Gaur & Mayank Gaur and it has received consideration of Rs 8,67,35,000.