Stocks Under Focus on May 19: ITC, IndiGo, Dr Reddy’s, Ashok Leyland & More

By Malvika Gurung

Investing.com — ITC (NS:): The cigarettes-to-hotels conglomerate’s web revenue within the March quarter surged 11.8% YoY to Rs 4,191 crore, led by sturdy development throughout all segments. Its income from operations rose 15% YoY to Rs 17,754.02 crore.

Adani Enterprises (NS:): The conglomerate forayed into the healthcare sector, organising a wholly-owned subsidiary Adani (NS:) Well being Ventures, which may have an preliminary authorised and paid-up share capital of Rs 1,00,000.

Lupin (NS:): The pharmaceutical firm recorded a web lack of Rs 512 crore in This fall, in comparison with a web revenue of Rs 464 crore within the year-ago interval. EBITDA declined 63% to Rs 282 crore.

IndiGo (NS:): The airline firm’s CEO Ronojoy Dutta determined to retire on Sept 30, and the corporate’s board of administrators appointed Pieter Elbers as Dutta’s successor, beginning Oct 1.

Sugar Shares: The federal government has authorised amendments to the Nationwide Coverage on Biofuels, extending the deadline for gas corporations to boost ethanol proportion in gas to twenty% by 5 years, till 2030, bringing shares like Triveni Engineering and Industries (NS:), Uttam Sugar Mills (NS:), Balrampur Chini Mills (NS:), and others into focus.

Manappuram Finance (NS:): The NBFC’s web revenue declined 44% YoY to Rs 261 crore and income fell 9% to Rs 1480 crore within the March quarter.

Lic Housing Finance (NS:): The mortgage lender’s PAT jumped 180.4% YoY to Rs 1,118.64 crore within the March quarter, as provisions decreased and assortment efficiencies improved.

Indraprastha Gasoline (NS:): The nation’s largest CNG distribution firm’s web revenue elevated 9% YoY to Rs 363.08 crore within the March quarter, led by an increase in gasoline gross sales quantity.

Firms together with Dr. Reddy’s Laboratories (NS:), Ashok Leyland (NS:), Godrej Client (NS:) Merchandise, Hindustan Petroleum (NS:), Ramco Techniques (NS:), and UCO Financial institution (NS:), amongst others, will launch their March quarter outcomes at the moment.