HDFC, Britannia, Inox Leisure and other stocks in news today


NEW DELHI: The Indian stock market is expected to open in the red on Monday morning as trends on SGX Nifty indicate a gap-down opening for the broader index.
The Sensex declined 460 points to close at 57,061 and the Nifty shed 143 points to 17,102 on Friday.Wall Street slid on Friday to its deepest daily losses since 2020, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors.
Stocks in news today:
Results today:HDFC, Adani Wilmar, Britannia Industries, Tata Consumer Products, IDBI Bank, CG Power, M&M Financial Services, Devyani International, Alembic Pharma, Castrol India, Jindal Stainless, Saregama India, Inox Leisure and JBM Auto will announce their March quarter results today.
HDFC: The mortgage lender increased the retail prime lending rate (RPLR) on which its adjustable-rate home loans (ARHL) are benchmarked by five basis points. The revision will become effective from May 1. The upward revision will apply to existing customers only. There is no change with regard to interest rates that will be levied on new customers.
Five companies have announced an interim dividend for shareholders and will turn ex-dividend this week. These include Gateway Distriparks, Sarda Energy & Minerals, Vedanta, Crisil and Colgate-Palmolive (India)
RBL Bank: The private lender said its board has approved to raise up to $100 million by issuing US dollar denominated bonds. At current exchange rate, this amounts to around Rs 765 crore.
Macrotech Developers: The realty major is in an advanced stage of discussion with two global investors to set up a platform that will invest more than $1 billion to develop warehousing and industrial parks across India.
SBI Cards and Payment Services: The company reported a 231 percent year-on-year growth in profit at Rs 581 crore as impairment loss and bad debts declined 44 percent on year to Rs 393 crore for the quarter ended March 2022.
Wipro: The IT services company clocked a 3.1 percent sequential increase in dollar revenue at $2,721.7 million for the quarter ended March 2022 and revenue in constant currency grew at 3.1 percent QoQ.
LIC IPO
Five domestic mutual funds, SBI, Aditya Birla, ICICI Prudential, HDFC and Kotak, have commited in the range of Rs 150-1,000 crore each for Life Insurance Corp of India’s initial public offering. Singapore’s GIC, and Norges Bank, the Norway central bank and BNP Paribas too likely agreed to participate in the share sale. The insurer estimates up to 70 lakh retail applications that is more than five times the average retail applications received for Indian primary equity market issuances in last financial year, people reported Economic Times.
The initial public offering has reportedly already got bids from large investors for twice the size of the anchor book. The anchor book of Rs 56 billion ($733 million) for the country’s largest public offering of Rs 210 billion will be announced on Monday.





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