Author: Legal Parivar

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.

In response to the overwhelming number of pilgrims participating in the Char Dham Yatra, Uttarakhand Chief Secretary Radha Raturi has extended the ban on VIP darshan until May 31. This measure is intended to ensure that all devotees have the opportunity to visit the four Dhams—Yamunotri, Gangotri, Kedarnath, and Badrinath—without difficulty during the pilgrimage.

The B K Birla Group announced on Thursday the passing of Manjushree Khaitan, the chairperson of Kesoram Industries Limited. Khaitan, aged 68, died at her Kolkata residence following a brief illness, according to group officials. She leaves behind a legacy marked by exceptional leadership and philanthropy.

Here’s a summary of market updates for May 16:

Q4 results FY2024: Today, a total of 94 companies are set to release their earnings for the fourth quarter that ended on March 31. Key players such as Biocon, Hindustan Aeronautics, Mahindra & Mahindra, GAIL (India), Crompton Greaves Consumer Electricals, Vodafone Idea, JK Paper, and Endurance Technologies will be among those reporting.

Netflix announced on Wednesday that its ad-supported subscription tier has surged to 40 million global monthly active users, up from 5 million a year ago, indicating successful traction for its strategy to attract new users with a more affordable plan.