Godrej Consumer Products: The Company expects 4Q consolidated sales growth in constant currency terms to be in the mid-twenties. It expects India business to deliver sales growth around the thirties, driven by strong volume growth and calibrated price increases. GAUM sustained healthy growth momentum; to report ~30% constant currency growth. The Management reiterated that they will focus on driving sustainable and profitable sales growth in GAUM. Hindustan Copper: launches proposed QIP at a floor price of INR125.79 each. Shares closed at INR145.15 apiece, up 5% yesterday. Bharti Airtel: Airtel launches 'Airtel IoT' - a SG Ready Platform that enables enterprises to harness the power of Internet of Things and be ready for the emerging era of connected things. IRCTC: The company has informed that due to recent increase in corona cases, IRCTC Lucknow- New Delhi Tejas Express is being temporarily suspended from 9th April to 30th April' 2021 Kalyan Jewellers: The Company witnessed robust increase in consumer demand in Q4 FY 2021. The revenue growth of approximately 60% in India operation YoY( Low Base). The rev growth in Jan & Feb was 35% YoY while March was higher due to low base in March 2020. The shift in consumer demand from the unorganized to the organized aided the growth . The Growth in India was broad-based across geographies; South India better than Non South India. Vedanta: Vedanta Resources bid to buy back a portion of the shares in its Indian subsidiary Vedanta Ltd got subdued response from investors. The voluntary open offer by the metals and mining giant to acquire 17.5% stake in Vedanta was subscribed 57.5%. 37.42 crore shares were tendered as against 65 crore shares that the conglomerate offered to buy.
CLSA Bharti Airtel: Maintains a Buy with the target price at Rs 730/share
CS On Financial: Expect HDFCB, ICICI and IIB to report strongest earnings