Jubilant FoodWorks, Easy Trip Planners, Dr. Reddy’s and other stocks to watch out for on June 16

Jun 16, 2021

By: Rounak Jain

Jubilant FoodWorks

Its March 2021 quarter net profit jumped three-fold to ₹105 crore from ₹33 crore a year ago. Revenue growth was relatively meek at 14 percent, increasing to ₹1,038 crore from ₹909 crore, year-on-year.

Credit: Unsplash

Easy Trip Planners

It posted a 10-time jump in net profit in the March 2021 quarter to ₹30 crore from ₹3 crore a year ago. The jump in profitability was due to reduction of discounts, marketing and other expenses.

Credit: Easy-Trip-Planners

Dr. Reddy's Laboratories

Its subsidiary has been ordered to pay $46.2 million to Hatchtech Pty. for a skin treatment lotion. This is part of an asset acquisition agreement entered into in 2015.

Credit: Dr-Reddys-Laboratories

Earnings today

Nureca, RITES, RPSG Ventures, Somany Ceramics, Asahi India Glass, Welspun Enterprises.

Credit: Pixabay

TVS Motor

It has reduced the price of its iQube electric scooter by ₹11,250 after a revision in the subsidy granted under the FAME II scheme.

Credit: TVS-Motor

LIC Housing Finance

India’s second largest mortgage finance company reported a 5 percent decline in net profit to ₹399 crore in the March 2021 quarter, primarily due to a 36-time surge in provisions to ₹977 crore from ₹27 crore, year-on-year.

Credit: LIC-Housing-Finance

RITES

It has emerged as the lowest bidder for a ₹1,741 crore railway electrification project, undertaken by the Ministry of Railways.

Credit: RITES

Jubilant Pharmova

Its subsidiary has partnered with Ocugen, Inc., to manufacture Covaxin for sale in the US and Canada.

Credit: Unsplash

ICICI Bank

It has raised ₹2,827 crore via a private placement of long-term bonds in the nature of debentures.

Credit: BCCL

Videocon Industries

It has set June 18 as the record date to delist its shares from NSE and BSE.

Credit: Videocon-Industries

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