Stocks in Focus on May 23: Sun Pharma, Infosys, BHEL, Zomato, SAIL & More

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Stocks in Focus on May 23: Sun Pharma, Infosys, BHEL, Zomato, SAIL & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- NTPC (NS: NTPC ): The state-owned power major’s consolidated net profit jumped 12% YoY to Rs 5,199.51 crore in Q4 FY22, led by higher revenues, while the consolidated revenue surged 23% YoY and 11.4% QoQ to Rs 37,085 crore in the period.

Sun Pharmaceuticals (NS: SUN ): The drug company is recalling around 10,500 bottles of a generic drug for treating major depressive disorders in the US market after a customer complaint.

Infosys (NS: INFY ): The IT giant reappointed Salil Parekh as its CEO and MD for a five-year term on Sunday. His reappointment is subject to the approval of shareholders.

Shree Cements (NS: SHCM ): The cement maker’s profit rose 5.6% YoY to Rs 645 crore, with revenue growing at 3.6% YoY to Rs 4,098 crore for the quarter ending March 2022.

Paytm (NS: PAYT ): The fintech major reported a loss of Rs 762.5 crore in Q4 FY22, compared to a loss of Rs 444.4 crore last year. Its revenue surged 89% YoY to Rs 1,541 crore in the quarter.

Amara Raja Batteries (NS: AMAR ): The company’s net profit declined 47.8% YoY to Rs 98.85 crore in the March quarter, while revenue from operations climbed 3.7% YoY to Rs 2,180.96 crore, and total expenses rose 10% YoY to Rs 2,064.13 crore.

Bharat Heavy Electricals (NS: BHEL ): The state-owned giant reported a consolidated net profit of Rs 912.47 crore in Q4 FY22, compared to a loss of Rs 1,034.82 crore last year. Its revenue also rose 12.4% YoY to Rs 8,061.7 crore in the period.

Companies including SAIL (NS: SAIL ), Zomato (NS: ZOMT ), Divi's Laboratories (NS: DIVI ), Bharat Electronics (NS: BAJE ), and TTK Healthcare (NS: TTKH ), among others, will release their earnings results for the March ending quarter on Monday.

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