​Zee Entertainment, Axis Bank, JK Tyre and other stocks to watch out for on May 20​

May 20, 2021

Credit: BCCL

Zee Entertainment

The company will declare its March 2021 quarter results today.

Credit: Zee Entertainment

Axis Bank

SUUTI’s offer for sale (OFS) received 4 times the subscription compared to shares on offer. SUUTI will offload an additional 0.74 percent stake today and the OFS will open up for retail investors today.

Credit: BCCL

JK Tyre & Industries

The tyre maker reported a net profit of ₹189 crore in the March 2021 quarter against a loss of ₹47 crore a year ago. Revenue surged by over 63 percent to ₹2,927 crore.

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Earnings today

Zee Entertainment, Hindustan Petroleum, Havells India, Torrent Power, Emkay Global Financial Services, Brookfield India Real Estate Trust REIT, The Investment Trust of India.

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Tata Steel

The company has received a ratings upgrade from Fitch to ‘BB with a stable outlook’.

Credit: Tata Steel

Indian Oil

It reported a 78 percent jump in its net profit in the March 2021 quarter to ₹8,781 crore, while revenue surged by nearly 12 percent to ₹1,63,606 crore, year-on-year.

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Indiabulls Housing Finance

Its net profit in the March 2021 quarter more than doubled to ₹276 crore, but net interest income declined by 7.7 percent to ₹764 crore, year-on-year.

Credit: Indiabulls Housing Finance

Sintex Industries

The company reported severe damage to its Jafrabad plant in Gujarat due to cyclone Tauktae.

Credit: Sintex Industries

Biocon

SEBI has imposed a fine of ₹9 lakh on the company and ₹5 lakh on the designated person for violating insider trading provisions.

Credit: Biocon

Westlife Development

SBI Mutual Fund brought down its stake from 6.6 percent to 6.38 percent by selling 3,34,951 shares.

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