ITC, Bharti Airtel, Indian Oil Corp among stocks to watch out for on May 18

May 18, 2022

By: Bhakti Makwana

Bharti Airtel

The telecom operator reported more than twofold yearly jump in its consolidated net profit for the March quarter to ₹2,008 crore aided by an exceptional gain and increase in average revenue per user.

Credit: BCCL

Indian Oil Corporation

The company reported a 31 percent decline in net profit for Jan-Mar quarter due to a margin squeeze in petrochemicals and losses on auto fuel sales.

Credit: Dr-Lal-Pathlabs

IRB Infrastructure Developers

The infrastructure company reported a 79 percent jump in its consolidated net profit to ₹175 crore for the March quarter.

Credit: Dr-Lal-Pathlabs

DLF

The real estate company reported a 16 percent decline in its consolidated net profit to ₹405 crore for the Jan-Mar quarter.

Credit: Dr-Lal-Pathlabs

Abbott India

The pharma company’s net profit increased by 39 percent to ₹211 crore in the Jan-Mar quarter against ₹152 crore last year.

Credit: Dr-Lal-Pathlabs

Dr Lal Pathlabs

The blood test laboratory firm said its consolidated net profit declined 27 percent to ₹62 crore in March quarter as against ₹85 crore last year.

Credit: Dr-Lal-Pathlabs

Kajaria Ceramics

The tiles maker posted a decline of 25 percent in consolidated net profit at ₹97 crore for the quarter ended March as against ₹131 crore last year. .

Credit: Kajaria-Ceramics

Motilal Oswal Financial Services

The wealth management company announced buyback of 14.55 lakh equity shares at a price of ₹1,100 per unit for ₹160 crore. Shares of the company closed at ₹850 on May 17.

Credit: BCCL

IPO watch

The luxury watch retailer Ethos opened its IPO for subscription from today while it's the second day to apply for fertilizer firm Paradeep Phosphates’ IPO.

Credit: BCCL

Earnings today

ITC, Lupin, Aditya Birla Fashion and Retail, Granules India, Indraprastha Gas, Teamlease Services, Westlife Development among company are to release quarterly earnings today.

Credit: BCCL

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