Stocks to watch: Fertiliser stocks, HPCL, Zee Entertainment, JK Tyre, Axis Bank, Endurance Technologies
Zee Entertainment Enterprises, HPCL, Havells India, and Torrent Power are among 32 firms slated to post their quarterly numbers today.
Here is the list of top stocks that could be in focus on May 20.
Results today: Zee Entertainment Enterprises, HPCL, Havells India, and Torrent Power are among 32 firms slated to post their quarterly numbers today.
Fertiliser stocks: The union government has decided to increase the fertiliser subsidy outlay for the year by Rs 14,775 crore. This will take the fertiliser subsidy outlay for 2021-22 to Rs 94,305 crore from a budgeted outlay of Rs 79,530 crore.
MAS Financial Services: On a consolidated basis, MAS Financial Services’ net profit rose 7.17% to Rs 36.33 crore on 17.4% fall in total income to Rs 147.26 crore in Q4 March 2021 over Q4 March 2020.
JK Tyre: On a consolidated basis, JK Tyre & Industries reported a net profit to Rs 189.12 crore in Q4 FY21 compared with a net loss of Rs 47.20 crore in Q4 FY20. Net sales increased by 63.1% year-on-year (YoY) to Rs 2,927.28 crore during the quarter.
Endurance Technologies: On a consolidated basis, Endurance Technologies’ net profit rose 75.42% to Rs 187.40 crore on 32.56% rise in total income to Rs 2,139.77 crore in Q4 March 2021 over Q4 March 2020.
Clariant Chemicals: On a standalone basis, Clariant Chemicals (India) net profit dropped 28.63% to Rs 10.97 crore on 15.65% increase in total income to Rs 223.45 crore in Q4 March 2021 over Q4 March 2020.
Shree Pushkar Chemicals & Fertilisers: The company informed that due to the severe cyclonic storm “Tauktae” hitting the shores of Maharashtra & Gujarat on 18 May 2021, the company has witnessed some disruption at Ratnagiri plant in Maharashtra.
Alankit: Alankit informed that one of its subsidiary company i.e. Alankit Imaginations has launched a Digital Platform for investors for accumulating electronic Swiss Gold electronically in fractional quantities through Digital Swiss Gold App that enables investors to buy, hold, sell, and gift 24K Swiss gold in a simple, safe and Cost-effective way.
Axis Bank: The Rs 4,000-crore share sale in Axis Bank was subscribed more than two times on Wednesday. The 52.27-million-share offer for sale (OFS) saw bids for nearly 135 million shares from non-retail investors. The OFS would open for retail investors today.