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Overseas, Asian stocks mostly slipped on Wednesday following a hotter-than-expected U.S. inflation report for June overnight.

Here is the list of top stocks that could be in focus on June 2.

Results today: Motherson Sumi, PVR, Muthoot Finance and Dhunseri Ventures are slated to announce their March quarter results on Wednesday.

ITC: The company on Tuesday reported a consolidated net profit of Rs 3,816.84 crore for the fourth quarter ended March 2021. The cigarette-FMCG-to-hotel major had posted a net profit of Rs 3,926.46 crore during the January-March quarter of the previous fiscal, ITC said in a regulatory filing.

Balrampur Chini Mills: The company on Tuesday reported a 2.46% fall in consolidated profit during the quarter ending March 31, at Rs 235.50 crore compared to the same period of the last financial year. The company’s consolidated profit stood at Rs 241.44 crore during the corresponding period of FY20.

Manappuram Finance: Gold loan-focused non-banks like Manappuram Finance have auctioned a record 1 tonne, worth Rs 404 crore, of the pawned gold in the last quarter of 2020-21, indicating deepening distress among the public due to the pandemic and have warned that banks are headed to an NPA crisis from September quarter when gold loans with one-year tenure mature.

Radico Khaitan: Liquor maker Radico Khaitan reported an over two-fold jump in consolidated net profit at Rs 73.53 crore for the fourth quarter ended March 2021, helped by strong volume growth. The company had posted a consolidated net profit of Rs 32.67 crore in the January-March period a year ago, Radico Khaitan said in a BSE filing.

Hospital stocks: The Maharashtra government on Tuesday announced rationalisation of the rates of Covid-19 treatment at private hospitals which is expected to give relief to patients in rural areas. The earlier rates, prescribed by the government during the first wave of the pandemic, were based on the rates prevalent in Mumbai.

VST Tillers Tractors: The company has sold 2661 units during May 2021 as compared to 2383 units in May 2020, a growth of 11.67% YoY. The company has sold 2061 power tillers in May 2021 as against 1750 in May 2020, registering a growth of 17.77% growth YoY. The company has sold 600 tractors during May 2021, as compared to 633 in May 2020, registering a drop of 5.21% YoY.

Suzlon Energy: Suzlon Energy has bagged new order for development of a 252 MW wind power project from CLP India. Suzlon will install 120 units of S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, with rated capacity of 2.1 MW each. The project is located in Sidhpur, Gujarat and is expected to be commissioned in 2022.

Infosys: Infosys and French Tennis Federation have unveiled a new set of immersive and intelligent tools that will help bridge the gap between the game and fans watching the game remotely. Roland-Garros 2021 will see Artificial Intelligence (AI), 3D and cloud solutions being leveraged to transform match viewing, player training, tournament reporting, and broadcast editing.

Bharti Airtel: The telecom major has upgraded its mobile network in North East to deliver the best network experience for its customers. Airtel has deployed an additional 10 Mhz spectrum in the 2300 Mhz band along with advance network software tools across its network in the region to significantly bolster high-speed data capacity. The deployment will strengthen an already superior network for Airtel customers across the region. It will enable improved network availability and data speeds as more and more people access high-speed data services from their smart device.

The Phoenix Mills: The Phoenix Mills (PML) and GIC, Singapore’s sovereign wealth fund, have executed definitive documents to form a strategic investment platform, to develop, own and operate retail‐led, mixed‐use developments in India. Earlier in December 2020, PML had announced the signing of a non‐binding term sheet with GIC for formation of this retail‐led, mixed‐use platform.

Cipla: Cipla is seeking clarity and guidance from the government on the possible roadmap to import vaccine, while stressing that it has been at the forefront of COVID-19 care.

Salasar Techno Engineering: The company has reported above 2- fold jump in its consolidated net profit attributed to the owners at Rs 9.69 crore for fourth quarter ended March 31, 2021 as compared to Rs 3.74 crore for the same quarter in the previous year. Total income of the company increased by 97.60% at Rs 216.51 crore for Q4FY21 as compared Rs 109.57 crore for the corresponding quarter previous year.

Published: June 2, 2021, 08:48 IST
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