Here is the important stock market news to watch out for today.
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Markets to open on a positive note; support @15,606, resistance at 15,850.
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FIIs sold shares worth Rs879.73cr (cash), bought Rs45.24cr in index futures.
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US markets closed mixed. Asian Markets opened in the green.
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Brent crude was 0.73% lower at $72.55 per barrel.
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Power Grid Corporation of India reported higher consolidated profit at Rs3,526.23cr in Q4FY21 against Rs3,313.47cr in Q4FY20, revenue rose to Rs10,510.23cr from Rs10,148.26cr yoy. The company's board of directors recommended the issue of bonus shares in the ratio of 3:1 (one new equity bonus share for every three existing equity shares).
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Tube Investments of India reported higher consolidated profit at Rs160.4cr in Q4FY21 against Rs59.76cr in Q4FY20, revenue jumped to Rs2,732.82cr from Rs1,031.01cr yoy. The company approved fresh long-term borrowing of Rs200cr, to meet its requirement of funds during the financial year 2021-22, by way of issue of privately placed secured non-convertible debentures, in one or more tranches.
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Jammu & Kashmir Bank reported standalone profit at Rs315.75cr in Q4FY21 against loss of Rs294.1cr in Q4FY20, net interest income fell to Rs917.42cr from Rs987.24cr yoy.
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Khadim India reported consolidated profit at Rs11.52cr in Q4FY21 against loss of Rs19.87cr in Q4FY20, revenue rose to Rs269.95cr from Rs158.2cr yoy.
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HealthCare Global Enterprises reported higher consolidated profit at Rs113.76cr in Q4FY21 against Rs50.44cr in Q4FY20, revenue rose to Rs297.04cr from Rs269.5cr yoy.
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IndoStar Capital Finance Limited (IndoStar), announced its Q4FY21 results. The AUM remained at Rs8,400cr, on account of gradual reduction in the corporate lending book, a steady endeavor in the company’s retailisation strategy.
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Mangalam Organics: CRISIL has reaffirmed long term rating for various credit facilities of the company at 'A-' and upgraded outlook to Positive from Stable.
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