Author: Legal Parivar

Endurance Technologies witnessed a substantial 54% year-on-year increase in consolidated net profit, reaching Rs 210 crore for the fourth quarter of fiscal 2024. This growth was underpinned by robust operating figures and a healthy topline.

China has eliminated the floor on mortgage rates and reduced the minimum down payment ratios in a bid to prop up its ailing property market. The People’s Bank of China declared that the minimum down payment ratio has been adjusted to 15 percent for first-time buyers and 25 percent for second homes.

Vikram Solar announced on Friday that it has won a solar module supply contract for NTPC’s Khavda project in Gujarat, totaling 397.7 MWp.

Crompton Greaves Consumer Electricals witnessed a remarkable 15 percent surge in its shares during early trading on May 17, following a substantial 56 percent sequential increase in consolidated net profit for the FMEG player.

Aztec Fluids & Machinery IPO shares commenced trading on the BSE SME Exchange with a robust premium of 34.33%, opening at ₹90 per share on Friday. Investor anticipation for substantial listing gains from the IPO was evident, as reflected in the high subscription status and grey market premium.

Piotex Industries saw its shares debut on the BSE SME exchange at ₹109 each, marking a significant 16% increase over the SME IPO price of ₹94, thereby delivering a notable listing gain to fortunate allottees. The newly listed stock quickly surged to an intraday high of ₹114, consolidating its listing gains shortly after its IPO debut.

Today, shares of Ador Fontech Ltd, Advanced Enzyme Technologies Ltd, Craftsman Automation Ltd, Nicco Parks & Resorts Ltd, Titan Intech Ltd, and Vardhman Polytex Ltd will be in focus as the stock market opens. These companies have announced interim dividends, final dividends, bonus issues, and stock splits for their eligible shareholders.

Stocks In Focus: Investors should keep an eye on several stocks today, May 17th:

World Hypertension Day, observed annually on May 17th, serves as a global platform to raise awareness about hypertension, commonly known as high blood pressure. This condition is often referred to as the “silent killer” or “slow poison” because it typically manifests without noticeable symptoms, yet it can have severe and far-reaching consequences if left untreated.

Q4 Results: A total of 116 companies are set to announce their fourth-quarter earnings today, May 17, for the quarter ending March 31. Notable companies include JSW Steel, Bandhan Bank, Godrej Industries, Pfizer, NHPC, Delhivery, Balkrishna Industries, Balrampur Chini Mills, GlaxoSmithKline Pharmaceuticals, and Zee Entertainment Enterprises.