Indices at previous closing
Nifty50: 15,208 ▲ +10 (0.0%)
Sensex: 50,637 ▼ -14 (-0.0%)
Nifty Bank: 34,662 ▼ -281 (-0.8%)
In the news
Emami’s Q4 profits soar multifold
- During the March quarter, the FMCG and cosmetics maker’s net profit nearly quadrupled to ₹88 crore. The sharp improvement in profits was supported by a 37% growth in revenues and higher other income.
- The company was able to better absorb inflation in commodity prices by controlling other expenses. Despite the positive result, the stock was down 2.3% yesterday.
Bajaj Electricals posts mixed results
- The electrical-appliance maker reported a 3.2% decline in its revenue from operations. The company’s revenue from its engineering, procurement and construction business fell by over 50%. However, revenues from its core consumer products segment rose 30%.
- Despite a sharp increase in commodity prices and a weakening of overall demand sentiment, net profit stood at ₹54 crore in Q4. This compares to a ₹81 lakh loss reported during the same period last year. The stock declined 1% yesterday and is down about 2% so far in May.
Stimulus likely for travel and tourism sectors
- As per news reports, the government may be working on a stimulus package to jump-start the tourism, aviation and hospitality sectors, where demand has been badly impacted by the second wave.
- This, coupled with hopes of an unlock from next week onwards, has triggered investor interest in stocks related to these three sectors. Stocks such as Spicejet (+31%), Indian Hotels (+21%), EIH (+26%), Wonderla (+17%) and Easy Trip Planners (+46%) have witnessed sharp gains this month.
Godawari Power sees profits surge
- Godawari Power and Ispat Ltd posted an 8x year-on-year jump in consolidated net profit to ₹304 crore for the March quarter, mainly due to higher steel revenues. Meanwhile, revenue from operations surged 60%.
- It has reduced its long term gross debt significantly from ₹1,055 crore to ₹193 crore in May 2021and plans to become debt-free in FY22. It will invest ₹750 crore to set up a 250 MW captive solar power plant and plans to fund it from internal accruals. The stock rose 6.1% yesterday amid a lacklustre market.
Events of the week
- Wednesday: Crude Oil Inventories (US)
- Thursday: GDP data, Jobless claims (US)
Sectoral indices (25 May)
| Top gainers | Top losers |
| Nifty Media ▲ 3.1% |
Nifty PSU Bank ▼ 1.3% |
| Nifty IT ▲ 0.9% |
Nifty Bank ▼ 0.8% |
Global markets (at 8:00 am)
| Indices | Today's movement |
| SGX Nifty | ▼ 0.3% |
| Nikkei 225 (Japan) |
▲ 0.1% |
| Hang Seng (Hong Kong) |
▲ 0.5% |
| SSE Composite (China) | ▲ 0.3% |
| Dow Jones (US) (25 May) |
▼ 0.2% |
Fact of the day
The average smartphone owner unlocks their phone 150 times a day.
Source: Inc.com
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Investments in securities markets are subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.