Share Market News May 28: IRCTC, LIC, CMS Info Systems, HCLTech, other stocks to track on Tuesday
Stocks to Track on May 28, Stocks in News: A bunch of stocks will be in focus on May 28, including Life Insurance Corporation (LIC), Indian Railway Catering and Tourism Corporation (IRCTC), CMS Info Systems, and Trident, a day after the Sensex and the Nifty50 ended a choppy session barely in the red but off their respective record highs registered in intraday trade.
Stocks to Track on May 28, Stocks in News: At 7:57 am, GIFT Nifty traded higher by 0.19 per cent or 43.5 points at 23,025, suggesting a positive opening for the markets today. Domestic equity benchmarks finished a volatile session barely in the red but off record highs registered in intraday trade on Monday, as fag-end selling pressure in energy, auto and FMCG shares outweighed buying interest in financial stocks. While the Nifty50 lost 24.7 points, or 0.1 per cent, for the day to settle at 22,932.5, the Sensex shed 19.9 points to 75,390.5, after crossing the 76,000 and 23,100 levels for the first time ever during the session.
All eyes are on the next session on Dalal Street, with a bunch of stocks set to be in focus including Life Insurance Corporation (LIC), Indian Railway Catering and Tourism Corporation (IRCTC), CMS Info Systems, and Trident.
400+ companies all set to report their March-quarter results on May 28
More than 400 companies are scheduled to report their quarterly numbers on Tuesday, including Indian Railway Catering and Tourism Corporation (IRCTC), MTAR Technologies, NBCC, Prestige Estates Projects, RITES, TTK Prestige, Aditya Birla Fashion and Retail, Wockhardt, Brigade Enterprises, Campus Activewear, EIH, GNFC, MMTC, and Dreamfolks Services.
Telecom companies to pay GST along with spectrum instalments
Telecom companies will have to pay Goods and Services Tax (GST) along with the instalments towards spectrum charges, news agency PTI reported citing a senior official.
The Department of Telecom (DoT) is all set to hold the next round of spectrum auction on June 6 for eight bands meant for mobile phone services, with a base price of Rs 96,317 crore. The spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments in the mega auction.
CMS Info Systems shares to trade ex-dividend on Tuesday
The CMS Info Systems stock is scheduled to go ex-dividend on May 28.
Trident shares are all set to trade ex-dividend on Tuesday
The stock of Trident is slated to trade ex-dividend on May 28.
HCLTech joins hands with UK-based Arm to work on custom silicon chips
HCLTech has partnered with British semiconductor and software design company Arm to work on custom silicon chips that support AI-driven business operations. The partnership will enable semiconductor manufacturers, system original equipment manufacturers (OEMs) and cloud service providers to enhance the computing efficiency of their data centre environments, according to the Noida-based IT firm.
Nalco Q4 profit doubles to Rs 997 crore
State-run Nalco has reported a two-fold increase in its consolidated net profit to Rs 996.7 crore for the March quarter driven by lower expenses.
Nalco is a Navratna PSU under the Ministry of Mines.
LIC Q4 profit grows 2.5%
State-run life insurance giant LIC has registered a 2.5 per cent year-on-year increase in its standalone net profit to Rs 13,762.6 crore for the quarter ended March 31.
Asian Paints in focus; here is why
Asian Paints has said that its wholly-owned subsidiary, Asian Paints International Pvt Ltd (APIPL), Singapore, has entered into "a Share Purchase Agreement with certain minority shareholders of SCIB Chemicals S.A.E., Egypt (SCIB), a subsidiary of APIPL and SCIB for the acquisition of 24.3 per cent of the share capital of SCIB" for a consideration of $4.13 million (around Rs 34.4 crore) on May 26.