Godrej Consumer, Biocon, HPCL among stocks to watch out for on May 20

May 20, 2022

Credit: BCCL

Hindustan Petroleum Corporation

The company reported a 40 percent decline in net profit at ₹1,795 crore for Jan-Mar quarter as compared to ₹3,017 crore in the previous year.

Credit: BCCL

Godrej Consumer

The FMCG major reported a marginal decline of 1 percent in consolidated profit at ₹363 crore for Jan-Mar quarter as against ₹365 crore last year.

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Biocon

Biocon’s subsidiaries, Biocon Biologics and Viatris Inc, have launched their biosimilar product -- Abevmy (bBevacizumab) -- in Canada for use in treatment of cancer.

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Ashok Leyland

The automotive manufacturer posted a 58 percent fall in consolidated net profit at ₹157 crore in March quarter due to higher expenses as compared to profit of ₹377 crore last year.

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Punjab & Sind Bank

The public sector lender’s net profit more than doubled at ₹346 crore in March quarter aided by decline in bad loans as against net profit of ₹160 crore last year.

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Bosch

The auto components maker reported a 27 percent decline in consolidated net profit at ₹350 crore for Jan-Mar quarter because of higher expenses as compared to net profit of ₹482 crore last year.

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V-Guard

The electricals and home appliances manufacturer posted a 32 percent growth in consolidated net profit at ₹89 crore as compared to ₹67 crore last year.

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Gland Pharma

The pharma company reported a 10 percent rise in net profit at ₹285 crore as against ₹260 crore last year.

Credit: Gland Pharma

IPO watch

eMudhra, the largest licensed certified authority (CA) in the digital signature certificates market in India, launches its IPO today.

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Earnings today

IDFC, Amara Raja Batteries, Indigo Paints, Lakshmi Mills, Mindteck India, Nuvoco Vistas Corp, Rane Madras, SML Isuzu will report their March quarter earnings today.

Credit: BCCL