Stocks Under Focus on May 25: Indian Hotels, Grasim, Coal India, BPCL & More

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Stocks Under Focus on May 25: Indian Hotels, Grasim, Coal India, BPCL & More

By Malvika Gurung

Investing.com -- Indian Hotels (NS: IHTL ): The hospitality enterprise’s board has approved the reappointment of Puneet Chhatwal as its MD & CEO for five years.

Bank of India (NS: BOI ): The state-owned lender’s net profit rallied 142% YoY to Rs 606 crore in the March quarter, backed by a healthy NII growth and a sharp decline in loan loss provisions.

Grasim Industries (NS: GRAS ): The cement manufacturing company’s consolidated net profit jumped 62% YoY to Rs 2,777 crore in Q4 FY22, led by an 18% rise in revenue from operations at Rs 28,811 crore and a higher tax write back.

Muthoot Finance (NS: MUTT ): The country’s largest gold loan NBFC announced to raise Rs 300 crore by public issue of bonds.

Indian Metals and Ferro Alloys (NS: IMFA ): The company’s consolidated net profit jumped 118% YoY to Rs 142.58 crore in Q4 FY22, and total income surged 29.5% YoY to Rs 761.46 crore.

Future Retail (NS: FURE ): The company informed exchanges that it would not be able to release its earnings results for the March quarter on May 30, as multiple resignations by top-level management, resulted in board structure imbalance.

Sugar Stocks: The government has imposed restrictions on the export of sugar, starting June 1, aimed at increasing its availability in the domestic market and curbing rising prices of the commodity.

Companies including Coal India (NS: COAL ), Bharat Petroleum (NS: BPCL ), Interglobe Aviation (NS: INGL ), Apollo Hospitals (NS: APLH ), Torrent Pharma (NS: TORP ), Fortis Healthcare (NS: FOHE ), Bata India (NS: BATA ), and NHPC (NS: NHPC ), among others, will release their earnings results for the March quarter on Wednesday.

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