Over the weekend, the finance ministry extended the scope of the Emergency Credit Line Guarantee Scheme (ECLGS). This decision is expected to reflect in the banking indices especially public sector banks when the market opens. In addition, with upcoming monetary policy, the banking sector may continue to buzz.
Below is the list of stocks that may be activity:
UCO Bank: The lender on Friday said it has allotted over 203 crore preferential shares to the government in lieu of Rs 2,600 crore capital infusion for 2020-21.
HeidelbergCement India: The company reported an over two-fold jump in net profit to Rs 139.99 crore for the fourth quarter ended March 2021.
Karur Vysya Bank: The bank posted nearly 23 per cent rise in its net profit at Rs 104 crore in the last quarter of the fiscal ended March 2021, on account of good growth in retail loan portfolio as well as gold loan
Max Healthcare: The healthcare chain reported 31.11 per cent rise in consolidated profit after tax (PAT) at Rs 69.69 crore for the quarter ended March 31, 2021. The company had posted a PAT of Rs 53.15 crore for the corresponding period of the previous fiscal year, Max Healthcare Institute said in a filing to BSE.
Aditya Birla Fashion and Retail Ltd (ABFRL): The company reported earnings before interest, tax, depreciation and amortisation (EBITDA) at Rs 253 crore in Q4 FY21 against Rs 167 crore in Q4 FY20. It posted a net loss of Rs 196 crore in the quarter ended March against a net loss of Rs 147 crore in the year-ago period.
Sundaram Finance: Non-Banking Finance Company has reported a 59.5 per cent jump on its fourth quarter Profit After Tax at Rs 209 crore. Sundaram Finance had registered consolidated PAT at Rs 131 crore during corresponding quarter last year.
Orient Green Power Company Ltd (OGPL): The company reported a consolidated loss of Rs 42.64 crore in the March quarter, mainly due to lower revenues.
City Union Bank: Private sector has reported net profit at Rs 111.18 crore for the quarter ending March 31, 2021. The Tamil Nadu-based bank had reported a net loss at Rs 95.29 crore during corresponding quarter previous year, the City Union Bank said in a BSE filing.
Gulf Oil: Lubes maker on Friday reported a 66.4 per cent growth in profit after tax (PAT) at Rs 59.79 crore in the March 2021 quarter. The Hinduja Group company had posted a PAT of Rs 35.94 crore in Q4FY20, according to a release.
AstraZeneca Pharma: Drug major India on Friday said it has terminated its distribution agreements with Abbott Healthcare for type 2 diabetes medicine Dapagliflozin in India. "AstraZeneca India and Abbott have mutually terminated the distribution agreement on May 27, 2021," AstraZeneca India said in a regulatory filing.
Indian Bank: The lender reported a net profit of Rs 1,708.85 crore in the March-ended quarter. The lender had posted a net loss of Rs 217.74 crore in the same quarter of the preceding financial year 2019-20.
Dollar Industries: City-based hosiery major posted a net profit of Rs 19 crore in the fourth quarter of the fiscal ended March 21, recording a rise of 58 per cent over the corresponding period last year.
Sun Pharma: Drug major on Friday said it has acquired the rights to trademarks of diabetes drug Dapagliflozin under brands Oxra, Oxramet and Oxraduo in India from AstraZeneca Pharma India's parent company.
