Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

May 12, 2021 07:05 IST India Infoline News Service

Here is the important stock market news to watch out for today.
  • Markets to open on a flat to negative note; support @14,700, resistance at 15,000.
  • FIIs sold shares worth Rs336cr (cash), sold Rs676.67cr in index futures.
  • US markets closed with losses. Asian Markets opened weak.
  • Brent crude was 0.10% higher at $68.62 per barrel.
  • Dr. Reddy's Laboratories enters into a Voluntary Licensing Agreement with Lilly to Expand Access to COVID-19 Treatment in India.
  • Infosys: The company announced a strategic collaboration with Britvic to accelerate its digital strategy.
  • TCS a Leader and Star Performer in Financial Crime and Compliance Operations: Everest Group.
  • Kalpataru Power Q4FY21: PAT grew by 70% yoy to Rs662 cr; PAT margin of 5.1%.
  • Asian Paints and Lupin will announce their quarterly financial results on Wednesday.
  • Balaxi Pharmaceuticals: Balaxi Global DMCC, Dubai (“BGD”), Wholly Owned Subsidiary of the Company has acquired 100% shares of Balaxi Healthcare Honduras, S. DE R.L. De C.V., Honduras, Central America (“BHH”).
  • Matrimony reports strong Net Profit growth of 38% in FY21.
  • Siemens reported sharply higher consolidated profit at Rs334.4cr in Q2FY21 against Rs175.7cr in Q2FY20; revenue increased to Rs3,483.7cr from Rs2,640.2cr yoy.
  • Godrej Consumer Products reported sharply higher consolidated profit at Rs365.84cr in Q4FY21 against Rs229.9cr in Q4FY20; revenue rose to Rs2,730.74cr from Rs2,153.80cr yoy.
  • Pennar Industries: SAIF India IV FII Holdings sold 31,81,239 equity shares (2.24% shareholding) via an open market transaction on May 7, reducing stake to 6.30 percent from 8.54% earlier.
  • Linde India reported higher consolidated profit at Rs303.2cr in Q4FY21 against Rs39cr in Q4FY20; revenue rose to Rs441.4cr from Rs377.2cr yoy.

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