
Stocks in Focus: Lenskart, Dabur India, Swiggy, MRF, and Others Report Movement on May 8
Stock Market Update: Key Results and Developments
Today's stock market focus is on several key results, quarterly earnings, and major deals that have caught the attention of investors. Here are the key highlights:
Results Today
The following companies have declared their results today, impacting the market sentiment:
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
- State Bank of India
- Titan Company
- Tata Consumer Products
- Swiggy
- Hyundai Motor India
- Bank of Baroda
- ABB India
- Multi Commodity Exchange of India
- JSW Infrastructure
- Kalyan Jewellers India
- Oberoi Realty
- CreditAccess Grameen
- Balkrishna Industries
- Niva Bupa Health Insurance Company
- Ujjivan Small Finance Bank
Quarterly Earnings Announced
Several companies have announced their quarterly earnings, showcasing impressive growth:
| Company | Net Profit (YoY) | Revenue (YoY) | EBITDA (YoY) | EBITDA Margin (YoY) |
|---|---|---|---|---|
| MRF | 38% | 14% | 21.5% | 16.2% vs 15.2% |
| BSE Limited | 61% | 85% | 36% | 68% vs 57% |
| Thermax | 18.7% | 12.5% | 53.8% | |
| Dabur India | 15.2% | 7.3% | 8% | |
| Sonata Software | 25.1% | 3.9% | Rs 1,260 crore vs Rs 571 crore | |
| Thyrocare Technologies | 113.6% | 19.7% | 29.3% | |
| Gravita India | -5.2% | 6.3% | 3.5% |
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Stocks in News
Several stocks are in focus due to various reasons:
- Lenskart: A large block deal worth around $350 million has surfaced in the market, involving the sale of about 7.02 crore shares at Rs 470 per share.
- Gala Global Products Limited: Shareholders have considered a proposal to initiate either a Pre-Packaged Insolvency Resolution Process (PPIRP) or a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code.
- Western Ministil Limited: The company has signed a share purchase agreement to acquire 100% stake in Micron Calcite Private Limited, making the latter its wholly owned subsidiary.
- Cochin Shipyard Limited: Its wholly owned subsidiary Udupi Cochin Shipyard Limited has secured a domestic order from Ocean Sparkle Limited, an Adani Group company.
Bulk and Block Deals
Several companies have witnessed significant bulk and block deals, impacting their share prices:
| Company | Buyer/Seller | Quantity | Price (per share) |
|---|---|---|---|
| Mitshi India | Krishna Dharmeshkumar Golwala | 1.55 lakh | Rs 16.02 |
| Hilltone Software and Gases | Vijay Dadubhai Jebaliya | 1.86 lakh | Rs 48.41 |
| Aqylon Nexus | Kurjibhai Premjibhai Rupareliya | 25.01 lakh | Rs 51.10 |
| Arman Holdings | Arun Damji Gada | 27,743 | Rs 103.47 |
| Simandhar Impex | Rakesh Maganlal Madia | 40,100 | Rs 149 |
| Fabtech Technologies | Rajesh Devji Karani HUF | 80,800 | Rs 307 |
| Shankara Buildpro | Turnaround Opportunities Fund | 1.50 lakh | Rs 1,135 |
| Milton Industries | Patanjali Agro India Private Limited | 1.78 lakh | Rs 49.85 |
| Silgo Retail | Lata Jayant Shah | 3.16 lakh | Rs 79.39 |
| Updater Services | Bandhan Mutual Fund | 3.80 lakh | Rs 162.71 |
| Kotyark Industries | Bhaviniben Gaurang Shah | 76,700 | Rs 405.18 |
| Raymond Realty | Elixir Wealth Management | 7.62 lakh | Rs 632.78 |
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