Top stocks in focus: State Bank of India, Oil India, Jaiprakash Associates: Dish TV, NMDC

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Jun 22, 2021 07:06 IST India Infoline News Service

State Bank of India: The Central Board of the bank accorded approval for raising fresh Additional Tier 1 (AT1) capital up to an amount of Rs14,000cr subject to Government of India concurrence.

Oil India: The Company has reported significant increase in Q4 2020-21 EBITDA at ~ Rs1754.83cr as compared to negative EBITDA in Q4 2019-20 due to better oil price realization.

Jaiprakash Associates: The company reported lower consolidated profit at Rs424.41cr in Q4FY21 against Rs3,068.10cr in Q4FY20, revenue rose to Rs2,517.2cr from Rs1,876.03cr yoy.

Dish TV India: The board approved the raising of funds up to Rs1,000cr through a rights issue, at a price of Rs10.

NMDC will announce its quarterly financial results on Tuesday.

NILA Infrastructure: During Q4-FY2021, the total revenue of the Company was Rs384.2 million i.e. higher by Rs6.4 million to Q3FY21’s revenue of Rs377.7 million. Profitability at EBIDTA level has also improved to a large extent to Rs89.2 million i.e. higher by Rs49.9 million compared to Q3FY21’s EBITDA of Rs39.3 million. The Company reported a profit of Rs43.4 million i.e. higher by Rs24.1 million compared to Q3FY21’s profit of Rs19.3 million.

PG Electroplast approves Rs76.6cr Incoming Investment from Baring Private Equity India, Ananta Capital and Others.

KPIT boosts software integration expertise by acquiring PathPartner Technology.

VST Tillers Tractors: The company reported profit at Rs12.93cr in Q4FY21 against loss of Rs3.38cr in Q4FY20, revenue rose to Rs194.74cr from Rs119.80cr yoy.

Results today: NMDC, Ashapura Minechem, Aster DM Healthcare, Bharat Electronics, BL Kashyap and Sons, Gandhi Special Tubes, GE Power India, ITI, Jaypee Infratech, Max India, Omax Autos, Peninsula Land, PNB Gilts, Religare Enterprises, and Sobha.

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