Good morning!

Listed here are the highest tales to begin your day.

For extra updates on F&O, click on right here.

⭐ BEL studies revenue

Defence PSU, Bharat Electronics (-0.7%) reported a 19.5% progress in revenue for Q4FY23 to ₹1,365 crore from ₹1,141 crore recorded within the corresponding quarter of final 12 months. In the identical interval, the corporate achieved a income from operations of ₹6,456 crore, up 2% YoY, in comparison with ₹6,324 crore final 12 months. The corporate’s order ebook as on 1 April 2023, stood at ₹60,690 crore. Its board has really helpful a ultimate dividend of ₹0.60 per share.

⭐ NTPC revenue shrinks

Public sector energy firm NTPC (1.0%), reported a 6.3% YoY lower in consolidated revenue at ₹4,871 crore for Q4FY23, towards ₹5,199 crore final 12 months. Throughout the identical interval, its consolidated income from operations grew by 19.3% YoY to ₹44,252 crore from ₹37,085 crore. The corporate’s board really helpful a ultimate dividend of ₹3 per share.

⭐ Divi’s Labs revenue drops

Divi’s Laboratories (-1.9%), reported a drop of 63.8% YoY in web revenue for Q4FY23 at ₹319 crore from ₹883 crore within the earlier 12 months. Equally, its complete income fell 22.4% YoY within the quarter to ₹1,974 crore from ₹2,546 crore. The corporate mentioned that its complete earnings for FY23 is about 11 % decrease YoY due to the considerably decrease quantity of covid situational alternative. Its board has proposed a dividend of ₹30 per share.

Global markets (at 9:00 AM immediately)

Reality of the day

Overseas Portfolio Traders (FPIs) have invested ₹30,945 crore in Indian equities in Might.

Supply: Financial Instances

By no means miss a buying and selling alternative with Margin Buying and selling Facility

Take pleasure in 2X leverage on over 475+ shares

Adblock take a look at (Why?)