Market3d ago
Stocks to Watch Today: June 1 - Focus on InterGlobe Aviation, Concord Biotech, NMDC, Lumax Auto Tech, Olectra Greentech, Cyient, Lupin, and PB Fintech.
Stock Market Update: Key Earnings, Deals, and Listings to Watch
The stock market is buzzing with various developments, including significant investments, major deals, quarterly earnings, order wins, and new listings. Here's a quick rundown of the stocks that will be in focus in today's trade.
Quarterly Earnings
| Company | Q4 Earnings (Consolidated YoY) | Revenue (Consolidated YoY) |
|---|---|---|
| InterGlobe Aviation | Loss of Rs 2,536.9 crore (Vs profit of Rs 3,067.5 crore) | Revenue of Rs 22,438.4 crore (Vs Rs 22,151.9 crore) |
| Gujarat Gas | Profit of Rs 351.2 crore (Vs Rs 31.2 crore) | Revenue of Rs 5,791.8 crore (Vs Rs 6,363.4 crore) |
| Concord Biotech | Profit of Rs 88.8 crore (Vs Rs 140.4 crore) | Revenue of Rs 326.1 crore (Vs Rs 429.9 crore) |
| Indian Renewable Energy Development Agency | Profit of Rs 492.6 crore (Vs Rs 501.6 crore) | Net interest income of Rs 897.8 crore (Vs Rs 758.3 crore) |
| NMDC | Profit of Rs 2,017.6 crore (Vs Rs 1,483.2 crore) | Revenue of Rs 11,343.1 crore (Vs Rs 7,004.6 crore) |
| Glenmark Pharma | Profit of Rs 301.4 crore (Vs Rs 4.65 crore) | Revenue of Rs 3,770.6 crore (Vs Rs 3,256.2 crore) |
| Olectra Greentech | Profit of Rs 55.5 crore (Vs Rs 21 crore) | Revenue of Rs 644.7 crore (Vs Rs 448.9 crore) |
| Lumax Auto Technologies | Profit of Rs 88.1 crore (Vs Rs 58.4 crore) | Revenue of Rs 1,416.9 crore (Vs Rs 1,132.9 crore) |
| Inox Wind | Profit of Rs 91.3 crore (Vs Rs 186.8 crore) | Revenue of Rs 1,244.2 crore (Vs Rs 1,274.8 crore) |
Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4
Stocks to Watch
- PNC Infratech: Received an EPC work order worth Rs 302.44 crore from the Airport Authority of India.
- Cyient: Entered into a definitive agreement to acquire Tao Digital Solutions Inc. at an enterprise value of US$218 million.
- Wockhardt: Received US FDA approval for Zaynich, a novel intravenous antibiotic for the treatment of adults with complicated urinary tract infections.
- SBI Life Insurance Company: Appointed Ramesh Venkateshamurthy as Deputy Chief Executive Officer, effective May 29.
- Lupin: Received approval from the US FDA for its Abbreviated New Drug Application for Sodium Sulfate, Magnesium Sulfate, and Potassium Chloride tablets.
- Hindustan Zinc: Appointed Amit Gupta as Chief Financial Officer and Key Managerial Personnel, effective June 1.
Bulk & Block Deals
- PB Fintech: Founders Yashish Dahiya and Alok Bansal sold shares through block deals. Yashish Dahiya sold 26 lakh shares for Rs 455.26 crore, while Alok Bansal offloaded 12 lakh shares for Rs 210.12 crore.
- Anand Rathi Wealth: Promoter Anand Rathi Financial Services sold 14.46 lakh shares for Rs 500 crore.
- Federal Bank: BNP Paribas Financial Markets sold 3.76 crore shares for Rs 1,085.1 crore.
- MCX India, NALCO: BNP Paribas Financial Markets sold shares of Multi Commodity Exchange of India and National Aluminium Company.
- Kalyan Jewellers, Rail Vikas Nigam: Integrated Core Strategies (Asia) Pte purchased shares of Kalyan Jewellers India and Rail Vikas Nigam.
SME Listing
- M R Maniveni Foods: Listed on the stock exchange.
Stocks Trade Ex-Dividend
- Colgate Palmolive (India): Announced a dividend of Rs 15 per share.
Investor Takeaway
Monitor the stocks mentioned for potential price movements based on their quarterly earnings.
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