Market Today

1. Godrej Consumer share price falls 4% after Gambhir resigns as MD and CEO

Nisaba Godrej, the executive chairperson of Godrej Consumer Products Limited (GCPL), will take over as MD and CEO on July 1, 2020.

2. Graphite India Q4 results: Net profit down 94% at Rs 25 crore

Graphite India Ltd on Tuesday reported a 94.14 per cent decline in net profit at Rs 25 crore for the fourth quarter ended March 2020, impacted by COVID-19 pandemic and subsequent disruptions in the market.

3. NTPC to give Rs 1,363 crore rebate on fixed charges to discoms

The NTPC board has also approved deferring the collection of Rs 2,064 crore fixed charges from discoms till the end of lockdown, imposed to contain the coronavirus pandemic.

NTPC will give Rs 1,363 crore discount to distribution companies (discom) on fixed or capacity charges during the lockdown period this fiscal, the state-run company said.

4. Shriram Transport Q4 results: Profit falls more than two-thirds to Rs 223 crore

The company made hefty provisions for likely defaults from the Covid triggered lockdown. Its net profit for the March quarter fell to Rs 223 crore from Rs 746 crore a year earlier.

5. Bharti Airtel buys out NTT DoCoMo's 6.3% stake in Robi Axiata in all-cash deal

Bharti International (Singapore) Pte Ltd, a wholly owned arm of Bharti Airtel, has acquired Japanese telco, NTT DoCoMo’s 6.3% stake in Robi Axiata for an undisclosed sum in an all-cash deal, increasing its stake in Bangladesh’s second-largest mobile carrier to 31.3%

6. Dhanuka Agritech, Dwarikesh Sugar jump 9-10% on strong Q4 numbers

Shares of Dhanuka Agritech and Dwarikesh Sugar touched their respective 52-week high and were locked at 10 percent upper circuit respectively on June 10 after the companies posted strong numbers for the quarter ended March 2020.