Stock market news that you should not miss today

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

May 17, 2021 07:05 IST India Infoline News Service

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Here is the important stock market news to watch out for today.
  • Markets to open on a positive note; support @14,550, resistance at 14,900.
  • FIIs sold shares worth Rs2607.85cr (cash), bought Rs613.26cr in index futures.
  • US markets closed with big gains. Asian Markets opened mixed.
  • Brent crude was 0.33% higher at $68.94 per barrel.
  • Hero MotoCorp - the world’s largest manufacturer of motorcycles and scooters – is gearing up towards a gradual resumption of operations by starting single shift production at three of its plants – Gurugram and Dharuhera in Haryana and at Haridwar in the northern hill state of Uttarakhand – from Monday, May 17.
  • Cipla reported sharply higher consolidated profit at Rs411.5cr in Q4FY21 against Rs23cr in Q4FY20; revenue rose to Rs4,606.4cr from Rs4,376cr yoy.
  • Larsen & Toubro reported higher consolidated profit at Rs3,293cr in Q4FY21 against Rs3,197cr in Q4FY20; revenue jumped to Rs48,087.9cr from Rs44,245.3cr yoy.
  • IDBI Bank board approved the appointment of Shri Sunit Sarkar, ED (In-Situ) as Internal Auditor of IDBI Bank with effect from June 01, 2021 in place of Shri M. V. Phadke, ED & Internal Auditor.
  • Bharti Airtel is set to announce their quarterly earnings on Monday.
  • Kirloskar Industries: Considering the gravity of the threat posed by Covid-19 and in compliance with the directives issued by the State Government, offices of Kirloskar Industries Limited will remain closed from May 16, 2021 till June 1, 2021 and all employees of the Company will manage work from home.
  • Max Ventures & Industries Limited’s (MaxVIL) subsidiary Max Speciality Films Limited (MSFL), which manufactures specialty packaging films will be investing upto Rs500 Mn in a new CPP Line which will have a capacity of 7.2 KTPA (Kilo Tonnes Per Annum).
  • Shalby Limited (“Shalby”), India’s leading multi-specialty hospital, announced that it has entered into a definitive agreement to acquire certain assets from Consensus Orthopedics (“Consensus”) a company headquartered in El Dorado Hills, Sacramento, California for a cash consideration of USD 11.45 million.
  • Zensar, an RPG company, and the management of M3bi announced that they have entered into a definitive agreement for Zensar to acquire M3bi, a Scottsdale, Arizona- based data engineering and digital engineering firm.
  • Ramco Cements has commissioned a much needed Oxygen plant at its factory in Ramasamy Raja Nagar in Virudhunagar district of South Tamil Nadu, for the welfare of common people.
  • Route Mobile-led Subsidiary Route Mobile (UK) appointed John Owen as its Chief Executive Officer of Europe and Americas, based in the UK (London) office, with immediate effect.
  • Jayant Agro-Organics reported higher consolidated profit at Rs24.3cr in Q4FY21 against Rs7.11cr in Q4FY20. Revenue rose to Rs484.2cr from Rs430.7cr yoy.
  • Quick Heal Technologies reported consolidated profit at Rs39.73cr in Q4FY21 against Rs7.99cr in Q4FY20. Revenue jumped to Rs105.3cr from Rs64.25cr yoy.
  • Geojit Financial Services reported higher consolidated profit at Rs37.16cr in Q4FY21 against Rs19.7cr. Revenue jumped to Rs121.38cr from Rs82.3cr yoy.

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