A man looks at a screen displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Photo: Bloomberg)
5 years ago
May 26, 2021
Thermax, AstraZeneca, Bayer Crop, Godawari Power, VIP may react as the companies reported quarterly results after the market closed Tuesday. BPCL, Berger Paints, Cummins, Manappuram, V-Guard, Pfizer are among the companies scheduled to report earnings Wednesday. Foreign investors bought net Rs 1,120 crore of stocks on Monday, according to NSDL website.
Shares of the Pune-based maker of energy-conservation equipment rose as much as 8.6% in Mumbai, in their biggest single-day gain since April 7, after its fourth-quarter earnings.
Thermax’s order inflows have seen a broad-based recovery across various sectors from cement, steel, food & beverages, with the company witnessing normalcy returning to its operations, ICICI Securities Ltd. said in a note.
Q4 Ebitda more than doubled to Rs 140 crore on a YoY basis but dropped 5.4% on a QoQ basis; the year-on-year Ebitda rise was aided by cost control measures and better execution in key business segments through higher raw material costs weighed on the numbers
The company won contracts valued Rs 1500 crore in during the quarter, taking its order book to Rs 5220 crore, flat on YoY basis
Order inflows and order book continue to remain the key concerns for analysts of the company, given private capex is muted, ICICI Securities said.
Shares of the Indian direct-to-home television services provider rallied as much as 15% before paring gains to 9.1%. This follows their 20% surge on Tuesday.
Stock trading volume is 379% of 3-month avg
Stock has surged about 82% so far in May after losing 31% in the first four months of the year
