The momentum may additionally remain fantastic with
continuity in record highs within the coming week amid falling COVID instances,
expected country-smart unlocking, and a possible stimulus bundle by using the
government, experts sense.
The market had a historical week that ended on May 28, as
bulls staged stellar performance, taking the Nifty 50 to clean record excessive
stages after spending greater than 3 months into a consolidation. The broader
markets additionally gained momentum however underperformed the front traces,
because the Nifty Midcap a hundred index became up 1.1 percent and Smallcap 100
index up 1.83 percent.
Birlasoft share fee jumped over 20 percentage ultimate week.
The enterprise stated a 43.Three percent upward push in consolidated net
earnings at Rs ninety eight.9 crore for the March 2021 area. Revenue from
operations, but, declined marginally to Rs 902.8 crore within the area
underneath overview from Rs 907 crore inside the January-March 2020 duration,
it brought. Anand Rathi in its file said that the organisation expects
double-digit increase in FY22 and is seeking to maintain its EBITDA margins at
15 percent+. The payout in the next few years is probably to rise
progressively. Looking for M&A possibilities with sales size of $a hundred
and fifty-200 million (33 percentage of FY22 AR sales estimate).Zee Entertainment
inventory rate introduced 11 percentage. The enterprise said a consolidated
earnings of Rs 275.Eight crore for the March 2021 sector, driven by using
sturdy working overall performance. The employer had pronounced a loss of Rs
766.7 crore in the same region closing yr. CLSA has a buy rating with target at
Rs 306 while UBS also has a buy score with target at Rs 250 per percentage The
scrip received eleven percent closing week. The corporation reported a 2.Eight
percent sequential decline in consolidated income to Rs 317.3 crore for the
quarter ended March 2021. Shrikant Chouhan of Kotak Securities feels that at
the weekly charts, it has fashioned a Higher Bottom collection formation that
is extensively superb but on the day by day chart, the stock is continuously
going through resistance close to Rs 2300 mark. "We are of the view that
traders may additionally favor to e-book profits if the stock succeeds to close
below Rs 2245. On the turn side, above Rs 2245, the quick-time period uptrend
is in all likelihood continue as much as Rs 2450-2375," he added The share
charge received 15 percentage in the week long past by using. The
Bengaluru-primarily based IT firm stated Rs 36.05 crore internet income for the
area finishing March 2021, a vast upward push on a yr-on-yr (YoY) basis. For
the year ended March 2021, the business enterprise’s revenue stood at Rs 773
crore, up 10.Eight percent from FY20. Its net profit turned into Rs 162.46
crore, up 126.6 percent from last 12 months.JK Lakshmi Cement inventory rate
was up nine percentage in the week gone by means of. The enterprise stated a
sixty one.34 percentage growth in consolidated net earnings to Rs 159.13 crore
for the fourth area ended March 2021, helped by better volumes and advanced fee
efficiencies. The business enterprise had posted a earnings of Rs 98.Sixty
three crore within the January-March length a yr ago, JK Lakshmi Cement (JKLC)
said in a regulatory submitting. Brokerage company ICICI Direct has buy name on
the stock with goal price of Rs 575.
CONCOR share rate was up over 13 percentage eding May 29.
Brokerages raised the target price at the inventory after readability on LLF
(land licensing price) and tremendous guidance of control. The agency on May 21
published a consolidated internet profit of Rs 24.97 crore in the fourth zone
ended March 2021 in opposition to Rs 316.Fifty six crore within the 12
months-in the past duration. Nomura has a purchase score and has raised target
The inventory added over eight percent. The agency stated a 97.2 percent bounce
in income at Rs 102.17 crore in the fourth region ended March 31, 2021, helped
through higher revenue from operations. The enterprise had posted a income of
Rs 51.80 crore within the January-March quarter of the remaining economic yr.
The panel of managements of the organization endorsed a final dividend at the
charge of Rs 2.50 per equity proportion for the year ended March 31, 2021.
Sonata Software added 15 percent as the agency proposes to
increase its 30-12 months-vintage dating with Microsoft throughout geographies,
technologies, and industries, making further investments ‘to derive maximum
gain from a big and growing marketplace possibility', media reports said. The
mid-size IT services company said a income after tax of Rs 83.1 crore for the
sector ended March 31, up 34% over the corresponding quarter ultimate yr.
Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak
Securities shows preserving the stock. Further uptrend may also retain that
could elevate the inventory as much as Rs 790. On the turn side, traders may
opt to go out out from buying and selling long positions at a close beneath Rs
665.
India Cements proportion charge changed into dow over 10 percent in theweek long past via. The organization pronounced quarterly internet income at Rs. 71.Sixty three crore in March 2021 up 164.49 percentage from Rs. 111.07 crore in March 2020. Net income came in at Rs 1,449.62 crore in March 2021 up 25.85 percent from Rs. 1,151.90 crore in March 2020. ICICI Securities has sell call on the inventory with a goal price of Rs a hundred and fifty.