Stocks in news: HAL, Indiabulls, Apollo Tyres, Apollo Hospitals, Vedanta, Star Cements
On Friday, the indices opened on a positive note with Nifty above 10,300 level. At 11.00 IST, Sensex was up by 216 points or 0.6 percent at 35,058.21. Meanwhile, Nifty was trading positively at 10,360.15, up 0.6 percent.
Currently, Infosys, IOC, BPCL, and Wipro are among the Nifty gainers. On the other hand, Kotak Mahindra, Shree Cements, Bharti Infratel, and Bajaj Finance are trading on the losers list. Among the sectors, except Nifty Fin Service, FMCG, and Realty, all are trading on the green mark.
Here are some of the stocks in focus in the trading session as of June 26, 2020:
The company posted a net profit at Rs. 1,250 crore in the fourth quarter ended in March. This was compared to net profit in the same quarter last year at Rs. 1,239 crore. The firm’s revenue for the quarter under review stands at Rs. 10,323 crore against Rs 10,513 crore, previous fiscal same quarter.
- Indiabulls Ventures:
The firm posted a net loss for the fourth quarter at Rs. 333.63 crore. This was in comparison to the profit at Rs 109.81 crore in the same quarter last fiscal. The company’s revenue stood at Rs. 628.28 crore against Rs 599.58 crore in Q4FY19.
- Apollo Tyres:
As reported by Money Control, the company has authorized the greenfield facility in Andhra Pradesh.
- Apollo Hospitals:
The Company reported its consolidated net profit to stand at Rs 209.60 crore in the fourth quarter ended in March. Earlier, the company reported a net profit in the same quarter last year at Rs. 72.80 crore. Its consolidated revenue from operations was posted by the company at Rs 2,922.43 crore against Rs. 2,499.50 crore for the same quarter last fiscal.
- Star Cement:
The firm posted its quarter-four results and said that it saw a 4.4 percent decline in its net profit at Rs. 85 crore. Moreover, it posted a profit in the same quarter last fiscal year at Rs 89.77 crore. However, the revenue for the quarter rose up by 2.8 percent to Rs 549 crore against Rs 534 crore, last year.
In addition, some of the other stocks in news comprise Vedanta, Ashok Leyland, Engineers India, TAJGVK, among others.