Avenue Supermarts, HDFC, Hero MotoCorp and other stocks to watch out for on May 10

May 10, 2021

By: Rounak Jain

Avenue Supermarts

The owner of DMart chain of supermarkets reported a sharp increase in consolidated net profit at ₹414 crore in the March 2021 against ₹272 crore a year ago. Revenue jumped by 18 percent to ₹7,412 crore.

Credit: Avenue-Supermarts

HDFC

It has agreed to sell 0.62 percent stake in HDFC Ergo to Ergo International AD to comply with RBI norms which require it to bring its stake down to less than 50 percent.

Credit: HDFC

Hero MotoCorp

It has decided to extend the shutdown of its manufacturing facilities by another week, till May 16.

Credit: Hero-MotoCorp

Maruti Suzuki India

It has extended its shutdown by another week till May 16, due to the pandemic situation in India.

Credit: BCCL

DCB Bank

It reported a net profit of ₹78 crore in the March 2021 quarter against ₹69 crore a year ago. Net interest income fell to ₹311 crore from ₹324 crore.

Credit: DCB-Bank

UltraTech Cement

It reported a nearly 50 percent fall in net profit to ₹1,775 crore in the March 2021 quarter, compared to ₹3,240 crore a year ago. Revenue increased by nearly 40 percent to ₹14,406 crore.

Credit: UltraTech-Cement

Bandhan Bank

The bank reported a drastic fall in net profit to ₹103 crore in the March 2021 quarter, compared to ₹517 crore a year ago. Net interest income rose to ₹1,757 crore from ₹1,680 crore.

Credit: Bandhan-Bank

Delta Corp

It announced that the casinos operated by it and its subsidiaries in Goa will remain closed till May 24.

Credit: Unsplash

IDFC First Bank

The bank reported a net profit of ₹128 crore in the March 2021 quarter, compared to ₹72 crore a year ago. Net interest income rose to ₹1,960 crore from ₹1,700 crore.

Credit: IDFC-First-Bank

Earnings today

Chambal Fertilisers & Chemicals, Escorts Finance, HFCL, HSIL, Intellect Design Arena, Suryalakshmi Cotton Mills, Venky’s (India), Zydus Wellness.

Credit: Pixabay

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