Infosys, ITC, Hero MotoCorp and other stocks to watch out for on June 2

Jun 2, 2021

By: Rounak Jain

Infosys

Market regulator SEBI has barred two employees of the company, and six other entities from the securities market for insider trading in the shares of Infosys.

Credit: Infosys

ITC

Its March 2021 quarter net profit fell by 1.3 percent to ₹3,748 crore, but revenue surged by 23 percent to ₹13,295 crore, year-on-year.

Credit: ITC

Hero MotoCorp

Its two-wheeler sales surged by over 62 percent to 1,83,044 units in May 2021 against 1,12,682 units in May 2020.

Credit: Hero-MotoCorp

Earnings today

MTAR Technologies, PVR, Motherson Sumi Systems, Muthoot Finance, Panacea Biotech, Ratnamani Metals & Tubes, Lyka Labs

Credit: Pixabay

Reliance Industries

The oil to retail and telecom major has announced that it will hold its 44th annual general meeting (AGM) on June 24.

Credit: BCCL

Eicher Motors

It reported a 43 percent surge in two-wheeler sales at 27,294 units in May 2021 against 19,113 units in May 2020.

Credit: Eicher-Motors

Ashok Leyland

It reported sales of 3,199 units in May 2020 against 1,420 units a year ago.

Credit: Ashok-Leyland

Gujarat Gas

Its March 2021 quarter net profit rose by 25 percent to ₹351 crore, while revenue surged by 28 percent to ₹3,489 crore, year-on-year. It has approved the acquisition of Amritsar and Bhatinda gas distribution business from Gujarat State Petronet for ₹163 crore.

Credit: Gujarat-Gas

Route Mobile

It has partnered with Emirates Integrated Telecommunications Company – du, to launch its turnkey Global A2P Messaging Hub, which is a highly scalable messaging platform.

Credit: Route-Mobile

NMDC

Its production in May 2021 has surged by 22 percent to 2.79MT from 2.29MT a year ago. Its sales are up by 29 percent to 3.3MT, year-on-year.

Credit: NMDC

Markets climb as retail inflation eases in April