TCS, ONGC, Nestle, SAIL, Delhivery, Bandhan Bank, Lupin, and Other Stocks Are Worth Keeping an Eye on

Stocks to Watch On May 21: Buying in index majors helped the indexes recover from early lows, and equity markets ended the day higher on Saturday. Due to a variety of news events and quarterly results, shares of Godrej Properties, Whirlpool, Solara Active Pharma, TCS, and Nestle India, among others, will be the subject of attention in today’s trading.

TCS: N. Ganapathy Subramaniam leaves Tata Consultancy Services as COO and ED. May 19 marked the conclusion of his tenure.

ONGC: For the fourth quarter of the fiscal year 2023–24, Oil and Natural Gas Corporation (ONGC) reported consolidated net profit of Rs 11,526.53 crore, up 78% from Rs 6,478.23 crore during the same time the previous year. For the fourth quarter of the current fiscal year, the state-owned oil and gas exploration company recorded a little increase in income from operations, coming in at Rs 1.66 lakh crore as opposed to Rs 1.64 lakh crore during the same time last year. Subject to shareholder approval, the board of directors has recommended a final dividend of Rs 2.50 per equity share with a face value of Rs 5 for the fiscal year 2023–2024.

SAIL: Compared to Rs 1,159.2 crore during the same time last year, the Steel Authority of India (SAIL) saw a 2.9% decline in consolidated profit in the fourth quarter of the fiscal year, to Rs 1,126 crore. Revenue for the firm fell by 4% to Rs 27,958.5 crore from Rs 29,130.66 crore in the prior year. According to the corporation, there was a loss of Rs 40.42 crore over the same time, but an extraordinary loss of Rs 502.34 crore.

Anupam Rasayan: Year-over-year (Y-o-Y), the company’s earnings dropped 45.6% to Rs 31 crore from Rs 57 crore. Additionally, revenue decreased by 16.5% to Rs 401 crore from Rs 480 crore year over year (Y-o-Y). EBITDA for the firm decreased 21.4% year over year to Rs 92 crore from Rs 117 crore. Additionally, the margin decreased from 24.4 percent year over year to 23%.

Trident: Year-over-year (Y-o-Y), Trident’s net profit decreased by 54.8% to Rs 59 crore from Rs 130.6 crore. In spite of this, revenue increased by 7% year over year to Rs 1,682 crore from Rs 1,573 crore. But the company’s EBITDA saw a 23.5% decline, coming in at Rs 205 crore as opposed to Rs 268 crore year over year. Additionally, the margin decreased from 17 percent year over year to 12.2 percent.

Ujjivan Small Finance Bank: Year-over-year (Y-o-Y), Ujjivan Small Finance Bank’s (Ujjivan SFB) earnings increased by 6.5% to Rs 329.6 crore from Rs 309.5 crore. Furthermore, net interest income (NII) increased from Rs 738 crore to Rs 933 crore YoY, a 26.4 percent increase. Regarding asset quality, the bank saw a marginal rise in gross non-performing assets (NPA) from 2.18 percent to 2.23 percent on a quarter-over-quarter (Q-o-Q) basis. In the meantime, Q-o-Q, the net NPA increased to 0.28 percent from 0.17 percent. In absolute terms, net NPA was Rs 76.3 crore as opposed to Rs 42.8 crore during Q-o-Q, while gross NPA was Rs 612.5 crore, up from Rs 570.7 crore.

Lupin: The Somerset production plant of the firm was examined by the US Food and Drug Administration (US FDA). Form 483 was issued by the US FDA with six observations. The business has promised that it is actively resolving these findings and that, within the allotted period, it will respond to the US FDA.

Delhivery: During the fourth quarter that concluded in March 2024, logistics company Delhivery reduced its losses to Rs 69 crore.

Bandhan Bank: For the quarter that concluded in March 2024, Bandhan Bank had a net profit of Rs 54.62 crore, a decrease from Rs 808 crore during the same time the previous year.

VRL Logistics: For the fourth quarter of 2018, VRL Logistics had a net profit of Rs 21.5 crore. The operational revenue amounted to Rs 768 crore.

IDFC First Bank: IDFC First Bank notified the exchanges that the merger of IDFC Limited with the firm was authorized by its shareholders.

Nestle India: The increase in the royalty payment to the parent company has been rejected by Nestle India’s shareholders. Over a five-year period, the FMCG giant has allowed an increase in the royalty rate.

Godrej Properties: The company purchased ten land parcels in an attempt to grow, and it has set a goal for this fiscal year to purchase further properties that may bring in sales bookings of Rs 20,000 crore.