Don’t use credit cards like this!
Do you pay only the minimum amount due on your credit card? How can your debt burden increase just by paying the minimum amount due? Watch this video to know
Here is the list of top stocks that could be in focus on May 3.
Hero MotoCorp: The company has sold 372,285 units in the month of April 2021. The sales in April’21 were subdued due to the temporary closure of plant operations and the retail outlets across several key territories in India on account of the impact of the second wave of COVID-19.
YES Bank: The bank on Friday posted a net loss of Rs 3,787.75 crore for the quarter ended March as against a net loss of Rs 3,668.3 crore in the year-ago quarter due to a rise in provisions.
Reliance Industries: The oil-to-telecom behemoth has now become the country’s largest producer of medical grade liquid oxygen from a single location. At its refinery-cum-petrochemical complex in Jamnagar and other facilities, the company now produces over 1,000 MT of medical grade liquid oxygen per day — or over 11 per cent of India’s total production – meeting the needs of nearly every one in 10 patients.
Bajaj Electricals: Bajaj Electricals has bought the remaining stakes of Starlite Lighting (SLL) for a cash consideration of around Rs 60 crore from its promoters. Besides, the company will also subscribe share worth Rs 45 crore from the promoters. It has also entered into a share subscription agreement for buying 45 lakh equity shares of SLL at a price of Rs 10 apiece. Further, SLL has now become a subsidiary of the company.
Bank of India: The lender has received approval for raising capital aggregating to Rs 4,800 crore. The fund will raised by issue of fresh equity capital in the form of FPO / QIP and / or Basel III Compliant Additional Tier-1 (AT-1) bonds (domestic and foreign currency) upto an amount of Rs 3,000 crore and by issue of Basel III compliant Tier-2 bonds upto an amount of Rs 1,800 crore.
Mahindra & Mahindra (M&M): The company has inked a pact with shareholders of Meru Travel Solutions (Meru) to increase its stake to 100 per cent in the ride-hailing service provider. The company will acquire 44.14 per cent shares from private equity investor True North and others for an amount not exceeding Rs 76.03 crore and 12.66 per cent shares from Neeraj Gupta and Farhat Gupta, for an amount not exceeding Rs 21.63 crore.
TCS: The board of TCS at its meeting held on 12 April 2021, had appointed Samir Seksaria as chief financial officer. Prior to being appointed as CFO, he was heading the financial analytics, planning and business finance functions. Seksaria replaces V Ramakrishnan (‘Ramki’) who retiried from the services of the company effective 30 April 2021.
SBI: State Bank of India has reportedly reduced home loan interest rate to 6.70%. It said home loan interest rates are now starting from 6.70% for loans up to Rs 30 lakh and 6.95% for loans above Rs 30 lakh to Rs 75 lakh. The interest rate on home loans above Rs 75 lakh is 7.05%.
Auto stocks: Shares of auto companies will be in focus as investors will react to the auto sales figures for the month of April. Maruti Suzuki India posted total sales of 159,691 units in April 2021. Total sales in the month include domestic sales of 137,151 units, sales to other OEMs 5,303 units and exports of 17,237 units. Since April 2020 had lockdown due to COVID19 and almost zero sales, a comparison with April 2020 doesn’t have any meaning, Maruti Suzuki India said.
Tata Motors sales in domestic and international market stood at 41,858 units in April 2021. Due to zero sales during April 2020 because of the lockdown there is no comparable figures available. Total sales were 66,609 units in March 2021.
Mahindra & Mahindra (M&M ) announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of April 2021 stood at 36,437 vehicles. The units sold in April this year is not comparable with April 2020, since no vehicles were sold last year in the domestic market due to COVID related lockdown, M&M said.
Escorts said that Escorts Agri Machinery Segment (EAM) in April 2021 sold 6,979 tractors registering a growth of 889.9% as against 705 tractors sold in April 2020.
VST Tillers Tractors has sold 2179 units during April 2021 as compared to 1089 units in April 2020, a growth of 100% YoY. The company has sold 1658 power tillers in April 2021 as against 761 in April 2020, registering 2-fold jump YoY. The company has sold 521 tractors during April 2021, as compared to 328 in April 2020, registering a rise of 58.84% YoY.
Powered by Capital Market – Live News