HDFC, Burger King, BPCL, Computer Age Management Services, DHFL, Pfizer stocks in focus today

Home markets have been buying and selling flat for 2 consecutive days now.
(Picture: REUTERS)

Nifty futures on Singapore Trade have been down 44 factors on Wednesday morning, hinting at a gap-down begin for home fairness markets. Headline indices on Dalal Avenue have been shifting flat for the final two days now. Nonetheless, Sensex and Nifty have held above their assist ranges and technical analysts proceed to consider that the quick time period development is constructive. “There’s a chance of additional consolidation or minor weak point within the subsequent 1 or 2 classes earlier than displaying upside bounce from the lows. Speedy assist is positioned at 15,130,” stated Nagaraj Shetti, Technical Analysis Analyst, HDFC Securities. Buyers may go for stock-specific trades in such a market. 

HDFC: Housing Development Finance Corporation (HDFC) stated it’s going to elevate as much as Rs 7,000 crore by issuing bonds on a personal placement foundation. The bottom problem dimension for the secured redeemable non-convertible debentures (NCDs) is Rs 5,000 crore with an choice to retain oversubscription of as much as Rs 2,000 crore, HDFC stated in a regulatory submitting. HDFC will provide a coupon price of 6% every year on the bonds, the problem for which opens on Might 28, 2021.

DHFL: The Nationwide Firm Legislation Appellate Tribunal (NCLAT) on Tuesday stayed the order handed by the Mumbai bench of the NCLT, which had directed the administrator of Dewan Housing Finance (DHFL) to think about the settlement provide made by its former promoter, Kapil Wadhawan.

Thermax: The corporate reported a 174% On-year improve in its consolidated internet revenue at Rs 107 crore for the quarter ended March 31, 2021, pushed by sturdy development in income. For the total 12 months ended March 31, 2021, the corporate maintained its consolidated internet revenue ranges because it reported a decline of two% to Rs 207 crore, in comparison with final 12 months.

Emami: FMCG agency Emami Ltd on Tuesday reported over a three-fold bounce in its consolidated internet revenue to Rs 87.73 crore for the January-March quarter. The corporate had posted a internet revenue of Rs 22.75 crore throughout the March quarter of the earlier monetary 12 months.

Pc Age Administration Providers: CAMS reported a internet revenue of Rs 60 crore within the January-March quarter, up 39.5% from a 12 months in the past interval when the corporate’s internet revenue stood at Rs 43 crore. Income grew 15% on-year foundation.

Outcomes at present: BPCL, Berger Paints, Pfizer Ltd, Cummins India, Burger King, Hindustan Foods, LT Foods, MPS, The Karnataka Bank, Manappuram Finance, Somany House Innovation, Astra Microwave Products are a few of the corporations that can report their quarterly outcomes at present.