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Stock news that you cannot miss today!

·2-min read

TCS: The company joins hands with VIAVI Solutions to accelerate disaggregated 5G RAN product innovation. In addition to this, TCS partners with LACChain to develop a blockchain ecosystem in Latin America and the Caribbean.   

BPCL: The board of directors has recommended a final dividend of Rs 58 per equity share (including a one-time special dividend of Rs 35 per cent equity share).   

Karnataka Bank: The bank has posted an all-time high annual net profit of Rs 482.57 crore for FY20-21, registering a growth of 11.76 per cent YoY. The net profit for the fourth quarter ended March 2021 is Rs 31.36 crore as against the net profit of Rs 27.31 crore for the corresponding fourth quarter of 2019-20 while the YoY growth was 14.83 per cent.  

Pfizer: Revenue from operations for the quarter ended March 31, 2021, stood at Rs 535 crore as compared to Rs 502 crore in the same period last year, a growth of 6.5 per cent. Net profit after tax for the quarter ended March 31, 2021, is Rs 100 crore as against Rs 103 crore in the same period last year.  

Somany Home Innovation: Revenue from operations for Q4FY2021 increased on the back of an expanding consumer base and a product portfolio driven by a focus on innovation and R&D. EBITDA increased 181.1 per cent YoY to Rs 69.93 crore, owing to strong distribution efficiencies and prudent capital allocation despite higher branding & advertising spend as well as increasing input costs. Consolidated EBITDA margin expanded by 4.6 per cent and stood at 11.4 per cent YoY. The company reported PAT at Rs 22.3 crore, growing 9.7x on a YoY basis.   

Visaka Industries: The company announced its entry into multiple new business segments, which complement existing businesses. ATUMLife is Visaka's chain of retail stores, which will offer fully sustainable, eco-friendly, green products. ATUMCharge is a self-sustaining solar-powered electric vehicle charging station, which will be set up across India, and elsewhere in the world, to support the movement of promoting the use of electric vehicles. VNext Solutions is an extension to Visaka’s range of VNext fibre cement boards, which are a sustainable alternate to gypsum & plywood.  

Datamatics: Business updates for Q4FY21-The company successfully concluded divestment of its subsidiary while Cignex and Datamatics added four new customers in Q4.   

Pricol Limited: Vikram Mohan, Managing Director said, “Nevertheless, we remain bullish about the long-term prospects for the company since we have heavily invested in technology and in capacity building in the prior years, compounded by the efforts on increasing efficiency & productivity, as well as thrust on exports have helped the company launch new products and increase its market share and this will have a favourable long-term impact once the pandemic is brought under control.” 

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