Stocks to watch: Glenmark Pharma, GMM, Dixon Technologies, Nazara Technologies, Garware

Here is the list of top stocks that could be in focus on May 28.

Results today: 3M India, Ador Welding, Deepak Fertilisers, Force Motors, Glenmark Pharma, GMM Pfaudler, Indian Bank, Kama Holdings, Mahindra & Mahindra, Nazara Technologies, OnMobile Global, Nesco, REC, Reliance Infra, TV Today and Zuari Agro are slated to announce their March quarter results on Friday.

Dixon Technologies: Dixon Technologies on Thursday reported a 60.48% growth in consolidated net profit at Rs 44.26 crore for the fourth quarter ended March 2021, helped by increase in revenue. The leading electronic manufacturing services (EMS) company had posted a net profit of Rs 27.58 crore in the January-March period a year ago, it said in a BSE filing.

Eicher Motors: Eicher Motors Ltd reported a 73% jump in consolidated profit after tax at Rs 526.14 crore for the fourth quarter ended March 31, 2021, riding on better sales. The company had posted a consolidated profit after tax of Rs 304.28 crore in the fourth quarter of the previous fiscal, Eicher Motors Ltd said in a regulatory filing.

Pricol: Auto-component and precision-engineered product makers Pricol Ltd has clocked a standalone profit after tax at Rs 2.91 crore for the quarter ending March 31, 2021. The Tamil Nadu-based company had reported a standalone net loss at Rs 120.76 crore during the corresponding quarter previous year.

Garware Technical Fibres: The company, formerly Garware-Wall Ropes, reported a 49.1% jump in its consolidated profit after tax (PAT) to Rs 53.2 crore for the March 2021 quarter. The technical textiles manufacturer’s PAT had stood at Rs 35.7 crore in the corresponding period of 2019-20, Garware-Wall Ropes said in a statement.

IndiGrid: Infrastructure investment trust IndiGrid posted a 31% drop in consolidated net profit at Rs 68.69 crore for the March quarter, impacted by expenditure on acquisitions. The consolidated net profit of the India Grid Trust (IndiGrid) was Rs 99.67 crore in the corresponding period of the previous year, it said in a BSE filing.

UCO Bank: The bank’s board has approved raising Rs 3,000 crore equity capital for the financial year 2021-22.