L&T, PNB, Hindalco Industries among stocks to watch out for on May 12

May 12, 2022

By: Bhakti Makwana

Punjab National Bank

The state-owned lender’s net profit declined by nearly 66 percent on year to 201 crore for Jan-Mar quarter.

Credit: BCCL

Hindalco Industries

The company’s subsidiary Novelis Inc posted a 21 percent on year growth in net income at $217 million in March 2022 quarter while net sales grew 34 percent to $4.8 billion compared to last year.

Credit: Relaxo-Footwears

Relaxo Footwears

The footwear company reported a decline in profit to ₹62 crore as net sales fell about 7 percent on year to ₹698 crore.

Credit: Relaxo-Footwears

Pfizer

Life Insurance Corporation of India has acquired 2.03 percent stake in the company through open market transactions.

Credit: BCCL

NCC

The construction company reported 97 percent on year growth in consolidated profit to ₹234 crore in the quarter ended March.

Credit: Birla-Corporation

Macrotech Developers

The real estate developer will develop a next-generation green digital infrastructure platform in partnership with Bain Capital and Ivanhoé Cambridge.

Credit: Birla-Corporation

Birla Corporation

The company announced a profit decline of 55 percent on year to ₹111 crore for the quarter ended March.

Credit: Birla-Corporation

IPO watch

LIC will announce its skates share allotment to employees today. Meanwhile, it is the second day to subscribe to Delhivery and Venus Pipes & Tubes IPO.

Credit: BCCL

Earnings results today

Larsen & Toubro, Tata Motors, Aditya Birla Capital, Apollo Tyres, Coforge, RBL Bank, Ujjivan Small Finance Bank among others.

Credit: BCCL

Don't be in a hurry to prepay but plan EMIs better, say experts as home loan burden set to rise