Stocks Under Focus on May 12: PNB, UltraTech, Tata Motors, L&T & More

  • Stock Market News
Stocks Under Focus on May 12: PNB, UltraTech, Tata Motors, L&T & More
Credit: © Reuters.

By Malvika Gurung -- Punjab National Bank: The public sector lender reported a net profit of Rs 201.6 crore, declining 65.6% YoY in the March quarter, while gross NPA and net NPA reduced on a QoQ basis to Rs 92,448 crore and Rs 34,908.7 crore, respectively.

Ultratech Cement (NS: ULTC ): The cement major has applied for acquiring the Swiss cement giant Holcim (SIX: HOLN )'s stake.

Pfizer (NYSE: PFE ): The country’s largest insurance company LIC has raised its shareholding in the pharmaceutical company by picking a 2.03% stake through open market transactions. LIC now holds a 6.05% stake in Pfizer.

Hindalco Industries (NS: HALC ): The company’s subsidiary Novelis’ net income grew 21% YoY to $217 million, and net sales surged 34% YoY to $4.8 billion in the March quarter. It will invest $2.5 billion in building new recycling and rolling plant in Alabama.

Birla Corp: The company’s consolidated net profit declined 55.4% YoY to Rs 111.08 crore in the March quarter, and revenue rose 6% YoY to Rs 2,264.2 crore.

BSE: The stock exchange’s net profit rallied 125.2% YoY to Rs 71.52 crore and revenue from operations climbed 34.4% YoY to Rs 204.6 crore in the March quarter. 

Indian Bank: The public sector lender’s standalone net profit fell 42% YoY to Rs 984 crore in the March quarter.

Petronet LPG: The company’s consolidated profit surged 24% YoY to Rs 791 crore in the March quarter.

Companies including Tata Motors (NS: TAMO ), L&T (NS: LART ), RBL Bank (NS: RATB ), Apollo Tyres (NS: APLO ), Siemens (NS: SIEM ), Coforge, and Ujjivan Small Finance Bank, among others, will release their March-ending quarter results on Thursday.

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