The yield on India’s 10-year benchmark federal paper increased to 6.966 from 6.963 at the previous close. The rupee fell against the dollar in the foreign currency market. The rupee was holding at 82.40, compared to its last trading session closing of 82.25.
Keep a close eye on these trending stocks on Thursday, 18, May 2023:
Kayens Technologies: Kaynes Technologies’ stock reached a new 52-week high during the trading session on Wednesday. Kaynes Technologies consolidated profit after tax (PAT) increased by 108% year on year (YoY) to Rs 41.28 crore in Q4FY23.
Ddev Plastiks Industries: Subject to shareholder approval, the board of directors of Ddev Plastiks Industries Limited has approved an increase in the Company’s Authorised Capital from Rs. 10,15,00,000 to Rs. 15,00,00,000 divided into Equity Shares of Re. 1/- each. The board also approved the recommendation to issue Bonus Shares at a 1:10 ratio, i.e. one for every ten fully paid-up Equity Shares.
Aurionpro Solutions: The company’s management said that standalone net profit nearly doubled or increased 91.8%, to 14.49 crore. The net profit for FY23 was 38.61 crore, up from 26.37 crore in FY22. The corporation has proposed a dividend of Rs 2.50 (25%) per equity share with a face value of Rs 10.
Welcast Steels: The Board of Directors of the Company recommended a final dividend of Rs.2.50 per share (i.e., 25%), subject to shareholder approval.
HIL: For the fiscal year ended March 31, 2023, the Board of Directors of HIL Ltd has recommended a final dividend of Rs. 25/- (i.e. 250%) each equity shares of Rs. 10/- each. HIL Limited’s shares were last traded on the BSE at Rs. 2610, up about 7%.