IndusInd Bank: This private bank saw its promoter, the Hinduja Group, pledged more than one-third (36.4%) of its 16.6% holding to lenders at the end of March 2021. This is also the highest proportion of shares pledged by a promoter among the Nifty 500 companies. In the last quarter the promoters pledged shares stood at zero.

Alkyl Amines Chemicals: This specialty chemicals maker gained the most (8%+) in trade on Thursday among the Nifty 500 companies, and also saw its traded volumes rise the highest today. Its traded volumes were 2.7 times the weekly average volumes on Thursday. The company has reported a near doubling of its Q4 net profit at Rs 92.5 crore on a 65% rise in revenues. In a year that saw specialty chemicals take centre stage, the company’s revenues rose 25% over FY20 to Rs 1,242.4 crore while its profits rose 37% to Rs 295.3 crore.

Kalpataru Power Transmission: This power utility’s promoter group firm Kalpataru Properties sold 1.94% stake in the company through a bulk deal on Wednesday for Rs 122.8 crore. In another bulk deal on the same day, SBI Mutual Fund bought 1.90% stake in the power utility for Rs Rs 120.2 crore.

BSE: Asia’s oldest exchange’s stock is now among the most strongly overbought stocks among the Nifty 500 companies according to technical indicators like RSI and MFI. BSE’s stock touched a 52-week high on Thursday.

Bharat Petroleum Corporation: This public sector oil marketing company declared a record final dividend of Rs 58 per share for FY21, which includes a one-time special dividend of Rs 35 per share. This amounts to a Rs 12,581 crore dividend. This dividend payout comes ahead of the company’s privatisation by the Centre which has been pending for nearly two years. The Centre is expected to pocket Rs 6,665.76 crore from this final dividend payout.