InterGlobe Aviation, JSW Energy, PNB and other stocks to watch out for on May 11

May 11, 2021

By: Rounak Jain

InterGlobe Aviation

Board of the parent company of IndiGo airlines has approved raising of ₹3,000 crore through sale of shares to institutional investors.

Credit: BCCL

JSW Energy

Its subsidiary, JSW Hydro Energy, has raised $707 million via US dollar denominated secured notes.

Credit: JSW-Energy

Punjab National Bank

The bank has approved raising equity capital via the Qualified Institutional Placement (QIP) route at a price of ₹35.51 per share.

Credit: BCCL

Earnings today

Aarti Industries, BASF India, Granules India, Godrej Consumer Products, Kalpataru Power Transmission, KEC International, Linde India, Matrimony.com, Siemens, Ultracab (India).

Credit: Pixabay

Bajaj Finance

The company has allotted 20,000 secured, non-convertible debentures on a private placement basis.

Credit: Unsplash

HFCL

It reported a sharp rise in net profit in the March 2021 quarter at ₹85 crore against ₹6 crore a year ago. Revenue more than doubled to ₹1,391 crore from ₹663 crore.

Credit: HFCL

JMC Projects (India)

It bounced back in the green in the March 2021 quarter with a net profit of ₹41 crore against a loss of ₹55 crore a year ago. Revenue surged to ₹1,392 crore from ₹976 crore.

Credit: JMC-Projects

HSIL

It reported a 11-time jump in net profit in the March 2021 quarter to ₹33 crore, while revenue increased to ₹633 crore from ₹461 crore, year-on-year.

Credit: Unsplash

Chambal Fertilisers and Chemicals

It reported a two-times increase in net profit in the March 2021 quarter to ₹448 crore from ₹198 crore a year ago. However, revenue declined to ₹1,641 crore from ₹1,969 crore.

Credit: Chambal-Fertilisers-and-Chemicals

Indian Bank

Its proposed Basel III Tier 2 Bonds worth ₹1,000 crore have been assigned ‘AAA, Stable’ rating by CARE Ratings.

Credit: BCCL

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