HUL will be watched after Q4 results

Net profit of Hindustan Unilever (HUL) rose 14.20% to Rs 1351 crore on 11.15% rise in net sales to Rs 9003 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 14 May 2018.

IT major Wipro will be watched. Wipro Gallagher Solutions (WGS), a Wipro company and a leading provider of loan origination software solutions, and Precision Risk Management Systems, Inc. (PRMS), a leading provider of performance management solutions, announced that they have partnered to deliver advanced mortgage business intelligence (BI) and customer experience management solutions to mortgage lenders. As a part of this alliance, Wipro will offer its clients a powerful set of dashboard-driven performance management tools, including enterprise reporting, intuitive metrics and Key Performance Indicators (KPI) that focus on identifying potential problems before they progress in efforts to prevent business losses for lenders. The announcement was made after market hours yesterday, 14 May 2018.

Bombay Dyeing & Manufacturing Company reported net profit of Rs 10.95 crore Q4 March 2018 compared with net loss of Rs 62.53 crore in Q4 March 2017. Net sales rose 43.97% to Rs 757.76 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 14 May 2018.

Net profit of Honeywell Automation rose 167.02% to Rs 58.37 crore on 8% rise in net sales to Rs 639.76 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 14 May 2018.

Allahabad Bank said the Reserve Bank of India (RBI) has imposed restrictions on its lending to risky assets and raising high-cost deposits in view of deteriorating financial health. RBI has asked Allahabad Bank to restrict expansion of RWA (risk-weighted assets); to reduce exposure to unrated and high-risk advances; to restrict creation of non-banking assets; (and) to restrict accessing/renewing wholesale/costly deposits. The Kolkata-based bank said its board meeting on 11 May took note of the restrictions. The announcement was made after market hours yesterday, 14 May 2018.

Kaveri Seed Company said that a meeting of the board of directors will be held on 24 May 2018, to consider a proposal for buyback of equity shares of the company. The announcement was made after market hours yesterday, 14 May 2018.

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