Stocks in Focus Today:Today i.e. on 21st May 2024, some stocks (stocks in news) are ready to show action. Due to positive trigger, these shares may remain in focus (stocks to watch) in the market today. If you are looking for better stocks in intraday then you can keep an eye on them (Stock in Focus). Today’s list includes SAIL, IRFC, Oil India, Tata Motors, India Cements, Lupine, Patanjali Foods, Radico Khaitan, Solara Active Pharma Sciences, Rail Vikas Nigam, Indus Towers, Ujjivan SFB, Trident, BHEL, Metropolis Healthcare, Aether Industries. Shares like , Eris Lifesciences, GSFC, IRCON, JK Tyre, Laxmi Organic, PI Industries, Ramco Systems, Va Tech Wabag are included.
Today BHEL including its quarterly results
Today on May 21, some companies including BHEL are going to release their quarterly results. These include Metropolis Healthcare, Eris Lifesciences, Greenply Industries, GSFC, IRCON, JK Tyre, Laxmi Organic Industries, PI Industries, Ramco Systems, Religare Enterprises and Va Tech Wabag.
SAIL
The profit of the public sector company Steel Authority of India Limited (SAIL) for the fourth quarter of the last financial year ended in March was Rs 1,126.68 crore with a slight decline of 2 percent. The company said that its profits were affected due to the rise in the prices of raw materials. The company’s operating income declined to Rs 27,958.52 crore, which was Rs 29,130.66 crore a year earlier.
Oil India
The profit of public sector Oil India Limited (OIL) for the fourth quarter (January-March) of the last financial year has increased by 18 percent to Rs 2332.94 crore. Due to high oil prices, the company’s turnover increased by 16 percent to Rs 10,375.09 crore. Income from production and sale of crude oil increased by 18 percent, but due to low prices, income from gas decreased by 16.5 percent.
Tata Motors
Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of India’s leading automotive manufacturer Tata Motors, have joined hands with Bajaj Finance to improve options for dealers and ease of financing. This partnership will help Tata Motors subsidiaries to expand supply chain finance solutions for their passenger and electric vehicle dealers.
India Cements
India Cements Limited’s loss reduced to Rs 50.06 crore in the January-March quarter. The company’s loss in the same period last year was Rs 243.77 crore. The operating income of India Cements stood at Rs 1266.65 crore, whereas it was Rs 1485.73 crore in the same quarter a year ago. Total expenditure increased to Rs 1351.84 crore which was Rs 1637.65 crore in the same period last year.
Lupine
The US FDA has completed a pre-approval inspection at the company’s Somerset, New Jersey manufacturing facility. This inspection was conducted during May 7 and May 17, 2024 and closed with the issuance of Form-483 along with 6 observations.
Patanjali Foods
The food company has issued a clarification note on media reports related to unsafe Patanjali Soan Papdi, stating that the food business has come under Patanjali Foods only in July 2022 and hence the company has no connection with the matter.