Stocks to watch: SBI, JSW Steel, Sun Pharma, Tata Steel, Dr Lal PathLabs, Barbeque Nation, RIL

Here is the list of top stocks that could be in focus on May 25.

Earnings today: Barbeque Nation, India Cements, JK Paper, Grasim and ADF Foods are slated to announce their March quarter results on Monday.

State Bank of India: The lender on Friday reported an 80% surge in standalone net profit at Rs 6.450.75 crore for Q4, aided by decline in bad loans.

JSW Steel: The company posted a manifold jump in its consolidated net profit to Rs 4,191 crore for Q4, mainly on account of higher income.

Sun Pharma: Drug major is recalling 50,868 bottles of diabetes drug Metformin HCl extended-release tablets in the US market, according to the USFDA.

Hindalco Industries:  The company reported nearly three-fold rise in its consolidated net profit at Rs 1,928 crore for Q4 mainly on account of higher volumes and lower input costs.

Dr Lal PathLabs: The firm posted an over 2.5 times rise in its consolidated net profit to Rs 85.1 crore for Q4.

Natco Pharma: Natco Pharma has initiated Phase-III clinical trial of Molnupiravir capsules in India. Its first patient was dosed on May 21, 2021 in Yashoda Hospitals, Hyderabad. Pre-clinical data has shown that Molnupiravir has broad anti-influenza activity, including highly potent inhibition of SARS-CoV-2 replication. Patients treated with Molnupiravir achieved response within 5 days of therapy indicating that the duration of treatment with Molnupiravir is short, with the additional advantage of being an oral therapy.

TCS: Tata Consultancy Services (TCS) has launched TCS Pace Port Amsterdam, a co-innovation and advanced research center designed to help customers successfully navigate their growth and transformation journeys. Bringing together an ecosystem of partners from academia, government institutions, start-ups and technology providers, TCS Pace Port Amsterdam will serve as a hub for TCS teams to co-innovate with European customers, guiding them through the discovery, definition, refinement and delivery phases of innovation.

RIL: Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has successfully implemented an additional 20 MHz spectrum across Telangana and Andhra Pradesh to enhance the subscriber experience. This would add up to the existing 40 MHz spectrum and enhance the total spectrum availability in the region by 50 per cent.

Wockhardt: Wockhardt’s board has approved plans to raise up to Rs 150 crore by issuing securities on a private placement basis. The credit facilities committee of the board at its meeting held on May 21 has approved the raising of funds up to Rs 150 crore through issuance of rated/unrated, listed/unlisted, secured/unsecured non-convertible debentures on a private placement basis, in one or more tranches.

Hero MotoCorp: The auto major is gearing up towards a gradual resumption of operations by starting production at all its manufacturing plants in India from Monday, May 24. The Company had already commenced single shift production at three of its plants – Gurugram and Dharuhera in Haryana and at Haridwar in the northern hill state of Uttarakhand – from Monday, May 17.

ENIL: Entertainment Network India’s (ENIL) US subsidiary — Entertainment Network, LLC has entered into another Time Brokerage arrangement with a US based broadcaster to broadcast radio programmes and content, targeting the South Asian community in the Bay Area – USA. The arrangement is expected to be operational within a month.

IndiGo: InterGlobe Aviation (IndiGo) has selected CFM International LEAP-1A engines to power its fleet of 310 new Airbus A320neo, A321neo, and A321XLR aircraft. This agreement includes 620 new installed engines and associated spare engines, as well as a long-term, multi-year service agreement. In 2019, IndiGo selected LEAP-1A engines and signed a long-term service agreement for engines to power 280 A320neo family aircraft.

Tata Steel, ONGC: Tata Steel will replace ONGC in S&P BSE Sensex from June 21.