With the earnings update of some stocks, it will be interesting to see which stocks go upwards and which one moves downward.
Here is a list of stocks that may be buzzing today:
Wockhardt: Drug firm reported a consolidated net loss of Rs 106.84 crore for the quarter ended March 31, 2021. The company had posted a net profit of Rs 68.51 crore for the corresponding period of the previous fiscal, Wockhardt said in a BSE filing. The consolidated total income of the company for the quarter under consideration stood at Rs 639.50 crore.
Sun Pharmaceutical Industries: Drug major reported an over two-fold jump in consolidated net profit to Rs 894.15 crore for the quarter ended March 31, 2021. The company had posted a net profit of Rs 399.84 crore in the corresponding period of the previous fiscal, Sun Pharma said in a regulatory filing. Consolidated revenue from operations stood at Rs 8,522.98 crore for the quarter under consideration.
JSW Steel: Amid opposition from within the ruling BJP and cases pending in courts, the Karnataka cabinet on Thursday put on hold its earlier decision to sell 3,667 acres of land to the JSW Steel in Ballari district. "The previous cabinet's decision to give land to Jindal has not been confirmed in today's cabinet meeting, so the previous decision on this matter will be on hold," Law and Parliamentary Affairs Minister Basavaraj Bommai said.
Kalyan Jewellers: It reported a 54.05 per cent jump in its consolidated profit after tax (PAT) to Rs 73.87 crore for the quarter ended March 31. The company's PAT had stood at Rs 47.95 crore during the fourth quarter of 2019-20, Kalyan Jewellers said in a BSE filing. Its consolidated revenue from operations in January-March 2021 grew 42.78 per cent to Rs 3,056.60 crore, compared with Rs 2,140.71 crore in the year-ago period.
Cadila Healthcare: Drug firm reported a 73.5 percent rise in its consolidated net profit at Rs 679 crore for the March-ended quarter. The company had posted a net profit of Rs 391.9 crore for the corresponding period of the previous fiscal, Cadila Healthcare said in a regulatory filing. Consolidated total revenue from operations stood at Rs 3,846.7 crore for the quarter under consideration. It was Rs 3,752.1 crore for the same period a year ago, it added.
UCO Bank: State-run on Thursday reported a five-fold jump in its net profit at Rs 80 crore in the last quarter of the fiscal ended March 2021. The Kolkata-headquartered lender had posted a net profit of Rs 16.78 crore in the corresponding year a year ago. For the full-year 2020-21, the bank reported a net profit of Rs 167.04 crore. There was a net loss of Rs 2,436.83 crore in FY2019-20.
IRB Infrastructure Developers: The company reported a 36.84 per cent decline in its consolidated net profit to Rs 97.45 crore for the fourth quarter ended March 2021. The company had clocked a Rs 154.32 crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total income during the January-March 2021 quarter rose to Rs 1,650.40 crore from Rs 1,634.80 crore in the year-ago period.
Infibeam Avenues: The company reported a consolidated net profit stood at Rs 32 crore in the March 2021 quarter. The company had reported a net profit at Rs 24 crore in the year-ago period, Infibeam Avenues said in a statement. This is excluding a one-time income and including Go Payments in the financial year 2019-20 for like-to-like comparison, it added. Its gross revenue was up 42 per cent to Rs 201 crore in the quarter under review as compared to Rs 142 crore in the corresponding period of 2019-20, it said.
Goodyear India: Tyre maker reported over threefold jump in its profit after tax (PAT) to Rs 43.22 crore for the March 2021 quarter. The company had posted a profit after tax of Rs 12.70 crore in the fourth quarter of the financial year 2019-20, according to the company's balance sheet. Its total income during January-March 2021 jumped 50 per cent to Rs 574.49 crore, compared with Rs 383.02 crore in the year-ago period.
Strides Pharma Science: The company reported a consolidated net profit of Rs 43.74 crore in the fourth quarter ended March 31, 2021, on the back of higher sales. The company had posted a consolidated net loss of Rs 206.57 crore in the same quarter a year ago, Strides Pharma Science said in a regulatory filing. Revenue from operations in the fourth quarter stood at Rs 908.49 crore. It was at Rs 618.64 crore in the year-ago period.
Eicher Motors: The company reported a 73 per cent 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. Its consolidated total revenue from operations in January-March quarter stood at Rs 2,940.33 crore, compared with Rs 2,208.18 crore in the year-ago quarter.
Suryoday Small Finance Bank (SFB): The SFB reported an 89 per cent decline in its net profit to nearly Rs 12 crore for the financial year ended March 2021. The bank, which was listed on the bourses in late-March 2021, had reported a net profit of Rs 110.94 crore in the previous year, the bank said in a regulatory filing. It reported widening of its net loss to Rs 43 crore in the March 2021 quarter, compared with Rs 15.5 crore a year ago.
"Profit after tax (PAT) fell 89 per cent year-on-year for FY21 to Rs 11.9 crore compared to FY20.
Garware Technical Fibres: The company reported a 49.1 per cent 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. Its net sales in January-March 2021 increased 32.8 per cent to Rs 335.4 crore, compared with Rs 252.6 crore in the year-ago period.
APM Terminals Pipavav: It reported a 38 per cent growth in net profit at Rs 65.4 crore in the three months ended March. In a release, the company, also known as Gujarat Pipavav Port Ltd, said operations at the port, which were halted in the wake of the cyclone Tauktae, are expected to resume from May 31. APM Terminals Pipavav had posted a net profit of Rs 47.2 crore in the fourth quarter of the fiscal ended March 31, 2020.
Page Industries: Apparel manufacturer on Thursday reported nearly four-fold jump in its net profit at Rs 115.56 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 31.02 crore during the January-March period a year ago, PIL said in a BSE filing. Revenue from operations rose 62.72 per cent to Rs 880.76 crore during the quarter under review as against Rs 541.28 crore in the corresponding period of the previous fiscal.
Garware Hi-Tech Films Ltd (GHFL): The company, formerly known as Garware Polyester reported a 51 per cent jump in its profit after tax (PAT) to Rs 31.80 crore for the March 2021 quarter. The company's PAT stood at Rs 21.07 crore in the corresponding quarter of the previous financial year 2019-20, GHFL said in a statement.
Dixon Technologies: The company reported a 60.48 per cent increase 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. Revenue from operations jumped over two-fold to Rs 2,109.71 crore as against Rs 857.41 crore in the corresponding quarter last fiscal.
