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Info Edge, Maruti, Axis Bank, Tata Comm, PNB Housing, Vedanta, JSPL, Bajaj Finance, HDFC AMC stocks in brief

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Stock indices have been booming for consecutive sessions. Image: Reuters

Shrewd futures were trading flat with a negative bias at 14,656.50 on the Singapore Stock Exchange, suggesting a flat start for BSE Sensex and Nifty 50 on Wednesday. Stock indices have been booming for consecutive sessions. Nifty 50’s next resistance is 14,697, which does not seem difficult for Nifty to break through. “However, 14,785 being another resistance on the downside (made April 12) could be difficult resistance on the upside. In the event of a fall, 14557 could offer support, ”said Deepak Jasani, head of retail research at HDFC Securities. Global peers also saw mixed trading in early trading.

Stocks in brief today:

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Edge info: Info Edge Ltd reported on Tuesday that Zomato Limited will offer an IPO of its shares, including a new issue and offer to sell (OFS) from Info Edge (India) Limited. The company in an ESB filing said that the company’s board of directors had considered and given its approval to the company to participate in the said OFS up to a maximum number of shares of Zomato Ltd which could total up to Rs 750 crore.

Tata Communications: A total of 21 ESB-listed companies, such as Bajaj Finserv, Biocon, GHCL, KPIT Technologies, Tata Communications and UTI Asset Management Company, will release their quarterly results on April 28.

Vedanta: The Supreme Court on Tuesday allowed Vedanta to operate its oxygen production unit at its Sterlite copper plant in Thoothukudi, Tamil Nadu, amid the oxygen shortage across the country during the second wave of Covid-19.

Housing Finance PNB: PNB Housing Finance reported a consolidated net profit of Rs 127 crore for the last quarter of the fiscal year ended March 2021. The company recorded a net loss of Rs 242 crore in the same quarter a year ago.

HDFC AMC: HDFC Asset Management Company (AMC) on Tuesday announced a 26.52% growth in profit after tax (PAT) to Rs 316.08 crore for the three months until March 2021. The company had published a PAT of Rs 249, 83 crore over the same time of year. since.

Maruti Suzuki: Maruti Suzuki reported net profit of Rs 1,166 crore for the January-March quarter 2021, down 9.7 percent year-on-year despite strong revenue growth of nearly 34 percent year-on-year to Rs 22.959 crore.

JSPL: The board of directors of Jindal Steel & Power Ltd has approved the sale of its 96.4% stake in the subsidiary of the company Jindal Power (JPL) for Rs 3,015 crore to Worldone Private, which belongs to the group of promoters of JSPL.

Bajaj Finance: Bajaj Finance recorded a 42% year-over-year increase in consolidated net profit for the January-March quarter to Rs 1,347 crore due to lower loan loss provisions to Rs 1,231 crore from Rs 1,954 crore as of Q4FY20.

Axis Bank: Axis Bank posted a net profit of Rs 2,677 crore in the fourth quarter of FY21 compared to a loss of Rs 1,388 crore in the same period a year ago. The lender was back in the dark thanks to an 11% year-over-year (year-over-year) growth in its net interest income (NII) to Rs 7,555 crore.

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