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Here is the list of top stocks that could be in focus on May 21.
Results today: JSW Steel, State Bank of India, The South Indian Bank, Aarti Surfactants, Crompton Greaves Consumer, Hindalco, United Spirits and Shree Cement are slated to announce their March quarter results on Friday.
Zee Entertainment: The company reported a consolidated net profit of Rs 272.36 crore for the quarter ended in March 2021. It had reported a net loss of Rs 765.82 crore in the January-March quarter a year ago.
NDTV: Media firm NDTV reported an over two-fold jump in consolidated net profit at Rs 24.09 crore for the fourth quarter ended March 2021. It had posted a net profit of Rs 9.20 crore during the January-March period a year-ago.
HPCL: Hindustan Petroleum Corporation Ltd (HPCL) posted its March quarter net profit soaring many folds to Rs 3,018 crore on the back of inventory gains and rise in refining margins. The company had a net profit of Rs 27 crore in January-March 2020.
JK Lakshmi Cement: The company reported a 61.34% increase in consolidated net profit to Rs 159.13 crore for the fourth quarter ended March 2021, helped by higher volumes and improved cost efficiencies. It had posted a profit of Rs 98.63 crore in the January-March period a year ago.
Havells: Consumer electrical goods maker Havells India on Thursday reported 70.95% rise in consolidated net profit at Rs 303.83 crore for the fourth quarter ended March 31, 2021. It had posted a net profit of Rs 177.73 crore in the year-ago period, Havells said in a regulatory filing.
Mindtree: Mindtree announced that it has signed an agreement to acquire the NxT Digital Business, the cloud based IoT and AI platform for Industry 4.0 of L&T Group.
Torrent Power: On a consolidated basis, Torrent Power reported a net profit to Rs 396.93 crore in Q4 FY21 compared with a net loss of Rs 274.92 crore in Q4 FY20. Net sales increased by 3.17% year-on-year (YoY) to Rs 3,116.54 crore during the quarter.
Exide Industries: The company informed that with the rampant spread of the second wave of COVID-19 and lockdowns enforced in various states/parts of the country, the operations at some of the company’s manufacturing units are temporarily affected and have been scaled down. The uncertainties have been increased as the customer orders have started getting impacted.
Texmo Pipes & Products: The company received orders from multiple contractors of HDPE Pipes worth Rs. 48.40 crore. The execution period of the aforesaid order is 3 months.