Sun Pharma, LIC, IRCTC among stocks to watch out for on May 31

May 31, 2022

By: bhakti.makwana@timesinternet.in

Credit: BCCL

Sun Pharmaceutical Industries

The pharmaceutical giant reported a loss of ₹2,277 crore for Jan-Mar quarter against a profit of ₹894 crore last year. Meanwhile, revenue for the quarter was up 11 percent on year at ₹9,446 crore.

Credit: BCCL

Life Insurance Corporation

The life insurance behemoth reported a 17 percent decline in consolidated net profit at ₹2,409 crore for March quarter. Meanwhile, in FY22, the state-run insurer posted a net profit of ₹4,043 crore, which is 39 percent higher as compared to ₹2,900 crore last year

Credit: BCCL

IRCTC

The catering and tourism arm of Indian Railways more than doubled its net profit during the Jan-Mar quarter to ₹214 crore as compared to ₹104 crore last year. Meanwhile, revenue grew 103 percent to ₹691 crore

Credit: BCCL

SpiceJet

The aviation regulator Directorate General of Civil Aviation (DGCA) has imposed a penalty of ₹10 lakh on SpiceJet for utilizing a faulty simulator to train pilots.

Credit: BCCL

Dish TV

The satellite television provider widened its consolidated net loss to ₹2,031 crore for Jan-Mar quarter on account of exceptional items which include impairment charges.

Credit: BCCL

Radico Khaitan

The liquor making company reported a 31 percent decline in its consolidated net profit at ₹50 crore for March quarter.

Credit: BCCL

Campus Activewear

The footwear brand reported nearly four times growth in consolidated profit at ₹39.60 crore in Jan-Mar quarter while revenues grew 28 percent to ₹352 crore.

Credit: BCCL

Lemon Tree Hotels

The company has signed a licence agreement to open a 40-room hotel at Chirang, Assam under its brand 'Keys Select, by Lemon Tree Hotels'. The hotel is expected to be operational by June 2026.

Credit: BCCL

Veranda Learning Solutions

The Chennai-based edtech platform widened its consolidated net loss to ₹20 crore in March quarter as compared to net loss of ₹5 crore last year.

Credit: BCCL

ONGC, M&M, Nykaa, JSW Steel among stocks to watch out for on May 30