Axis Bank, Tata Motors, JSW Energy and other stocks to watch out for on May 19

May 19, 2021

By: Rounak Jain

Axis Bank

Specified Undertaking of the Unit Trust of India (SUUTI) to sell up to 36 million shares of Axis Bank via offer for sale. The floor price is set at ₹680 per share.

Credit: BCCL

Tata Motors

It reported a reduction in loss to ₹7,605 crore in the March 2021 quarter from ₹9,894 crore, while revenue increased 41 percent to ₹88,628 crore, year-on-year.

Credit: BCCL

JSW Energy

Its subsidiary, JSW Hydro Energy, has raised $707 million via senior secured notes in dollar denomination.

Credit: JSW-Energy

Earnings today

Indian Oil Corporation, JK Tyre & Industries, Indiabulls Housing Finance, Heritage Foods, SML Isuzu, Shriram Asset Management, Rane Engine Valve, Zuari Agro Chemicals.

Credit: Pixabay

Aviation stocks

IndiGo and SpiceJet have reported a further decline in passenger load factor in April to 59 percent and 71 percent respectively, down from 66 percent and 77 percent in March.

Credit: BCCL

Infosys

It announced a strategic partnership with Majesco to serve their joint customers in rolling out IT upgrades.

Credit: IANS

Torrent Pharmaceuticals

It reported a 3 percent increase in its net profit in the March 2021 quarter to ₹324 crore, but revenue fell marginally to ₹1,937 crore from ₹1,946 crore, year-on-year.

Credit: Torrent-Pharmaceuticals

Sun Pharma

Life Insurance Corporation of India has increased its shareholding in the company to 7.026 percent from 5.01 percent by further acquiring 48.3 million shares.

Credit: Sun-Pharma

GlaxoSmithKline Pharmaceuticals

It reported a decline in its March 2021 quarter net profit to ₹14 crore from ₹138 crore, while revenue increased 5 percent to ₹814 crore, year-on-year.

Credit: Wikimedia

Jindal Stainless (Hisar)

Its March 2021 quarter net profit jumped by over three times to ₹351 crore from ₹108 crore, while revenue increased to ₹3,128 crore from ₹2,298 crore, year-on-year.

Credit: Jindal-Stainless-Hisar

Fino Payments Bank files Rs 1,300-cr IPO papers with Sebi