May 20, 2021
By: Rounak JainThe company will declare its March 2021 quarter results today.
Credit: Zee-Entertainment
SUUTI’s offer for sale (OFS) received 4 times the subscription compared to shares on offer. SUUTI will offload an additional 0.74 percent stake today and the OFS will open up for retail investors today.
Credit: BCCL
The tyre maker reported a net profit of ₹189 crore in the March 2021 quarter against a loss of ₹47 crore a year ago. Revenue surged by over 63 percent to ₹2,927 crore.
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Zee Entertainment, Hindustan Petroleum, Havells India, Torrent Power, Emkay Global Financial Services, Brookfield India Real Estate Trust REIT, The Investment Trust of India.
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The company has received a ratings upgrade from Fitch to ‘BB with a stable outlook’.
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It reported a 78 percent jump in its net profit in the March 2021 quarter to ₹8,781 crore, while revenue surged by nearly 12 percent to ₹1,63,606 crore, year-on-year.
Credit: BCCL
Its net profit in the March 2021 quarter more than doubled to ₹276 crore, but net interest income declined by 7.7 percent to ₹764 crore, year-on-year.
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The company reported severe damage to its Jafrabad plant in Gujarat due to cyclone Tauktae.
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SEBI has imposed a fine of ₹9 lakh on the company and ₹5 lakh on the designated person for violating insider trading provisions.
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SBI Mutual Fund brought down its stake from 6.6 percent to 6.38 percent by selling 3,34,951 shares.
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