Stocks To Watch- ONGC, BHEL, Arvind Fashions, Welspun Enterprises, United Spirits

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded lower as the index was down 8.50 points or 0.04% at 22,609.50 indicating a muted start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 inched up 27.05 points or 0.12% to settle at 22,529.05, while the BSE Sensex fell 52.63 points or 0.07% to close at 73,953.31.

Stocks to watch on May 22, 2024

ONGC

Stocks To Watch: Zomato, Paytm, RVNL, Zen Technologies, Alkem Laboratories
Stocks To Watch: Hindustan Zinc, Suzlon Energy, Glenmark Pharma, Hindustan Aeronautics, Vedanta
Stocks To Watch: Eicher Motors, LIC, Cochin Shipyard, Biocon, Oil India, SJVN, Grasim, Alkem Lab, OLA Electric Mobility
Stocks To Watch: Tata Consumer Products, Varun Beverages, JSW Infra, IOC, Vodafone Idea

Oil and Natural Gas Corporation plans to increase its cumulative production of crude oil and natural gas by 20% to 47 Million Metric Ton of oil equivalent (MMtoe) comprising about 21.8 MMT of crude oil and about 25.5 BCM of gas from the current 39.45 MMtoe over the next three years.

BHEL

Bharat Heavy Electricals Ltd (BHEL) posted its fiscal fourth-quarter profit at Rs 489.62 crore, down 25.6 per cent on-year in comparison to Rs 658.02 crore during the corresponding quarter of FY23. It recorded revenue from operations at Rs 8260.25 crore, marginally above the Rs 8226.99 crore recorded during the fourth quarter of the previous fiscal year. The company’s EBITDA stood at Rs 727.9 crore, down 30.6 per cent on-year. 

Arvind Fashions 

Arvind Fashions on Tuesday reported profit for the quarter ended March 31, 2024 at Rs 24.32 crore, recording a growth of 122.9 per cent from Rs 10.91 crore during the fourth quarter of FY23. It posted revenue from operations at Rs 1093.85 crore, up 3.7 per cent as against Rs 1055.20 crore during the corresponding quarter of previous fiscal year. 

Welspun Enterprises 

Welspun Enterprises recorded its fiscal fourth-quarter profit at Rs 77.35 crore, posting a fall of 50.3 per cent on-year in comparison to Rs 155.60 crore during the corresponding quarter of FY23. It posted revenue from operations at Rs 821.11 crore, down 2.8 per cent as against Rs 845.08 crore during the same period last year. The company’s EBITDA stood at Rs 111 crore, up 17 per cent on-year. 

Biocon 

Biocon’s subsidiary Biocon Biologics said that the US FDA approved the Indian group’s first-to-file application for Yesafili, an interchangeable biosimilar of aflibercept.

United Spirits 

United Spirits said it had received a notice to pay water charge arrears of Rs 345.45 crore from the Water Resources Department, Maharashtra.

Reliance Industries

Reliance Industries and Nel ASA signed an agreement through its fully owned subsidiary Nel Hydrogen Electrolyser on technology licensing for manufacturing electrolysers in India. “The agreement provides RIL with an exclusive license for Nel’s alkaline electrolysers in India and also allows RIL to manufacture Nel’s alkaline electrolysers for captive purposes globally,” said an exchange filing. 

GR Infraprojects

The company has emerged as the lowest bidder for two road projects in Maharashtra one worth Rs 1,997 crore and the other one for Rs 2,350 crore. 

Related Posts

Share your thoughts on what 2017 holds for the game industry at 3PM EST

2017 is here! It’s a fresh start, a new chance to get ready for what the future holds, and inevitably brace for whatever weird and terrible events…

New Joker 2 Clip Shows Joker and Harley's Mad Love

We’re three weeks away from Joker: Folie à Deux and the romance between DC’s favorite psychopaths is finally highlighted in a brand-new clip. In an exclusive clip…

Destiny 2's Divinity Gun Is Getting Nerfed In The Final Shape, More Changes Detailed

Bungie is doing a huge pass on weapons in Destiny 2 when its next expansion, The Final Shape, releases on June 4. The balance tweaks include a…

Activision Blizzard Shareholder Sues Over Microsoft Buyout Deal

An Activision Blizzard shareholder is suing the company regarding the Call of Duty publisher’s proposed sale to Microsoft for $68.7 billion. Shareholder Kyle Watson filed a lawsuit…

Amazon Fourth Of July Sale Features Big Savings On Lots Of Tech

Ahead of Prime Day 2024, Amazon is running a 4th of July sale that encompasses a handful of cool gadgets like Kindle tablets, mini PCs, and Fire…

Best Of 2021- The Quiet Sorrow Of Bob's Bottles In Psychonauts 2

If you ask me for the most beautiful love story in video games this year, or perhaps even the last few years, my answer will be the…