Stocks Under Focus on May 31: LIC, IRCTC, Sun Pharma, Spicejet & More

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Stocks Under Focus on May 31: LIC, IRCTC, Sun Pharma, Spicejet & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- IRCTC (NS: INIR ): The railway major’s net profit rallied a whopping 106% YoY to Rs 213.78 crore, while its revenue from operations jumped 103.95% YoY to Rs 690.96 crore in the March quarter, of which the revenue from catering surged about fourfold to Rs 266.19 crore in the period.

Life Insurance Corporation (NS: LIFI ): The national insurer’s consolidated net profit declined 17.4% YoY to Rs 2,409 crore in Q4 and surged 39.4% YoY to Rs 4,043.12 crore in FY22. It also announced a dividend of Rs 1.5/share to its shareholders for the entire year.

Sun Pharmaceutical Industries (NS: SUN ): The pharmaceutical giant reported a surprise consolidated net loss of Rs 2,227.38 crore, compared to a net profit of Rs 848 crore in the year-ago period, due to a one-time exceptional loss of Rs 3,936 crore, led by the Taro litigation settlement.

Radico Khaitan (NS: RADC ): The alcohol manufacturer’s consolidated net profit declined 31.8% YoY to Rs 50.15 crore in the March quarter due to continued commodity inflation, while its revenue from operations rose 9.43% YoY to Rs 3,224.45 crore in the period.

Jindal Steel & Power (NS: JNSP ): The company’s profit rose 3.2% YoY to Rs 2,207 crore in the March quarter and revenue surged 35% YoY to Rs 14,339.5 crore, the latter missing the Street’s estimates.

Dish TV India (NS: DSTV ): The company’s net loss widened 43.6% YoY to Rs 2,032 crore in Q4, while revenue too lowered 14.5% YoY to Rs 642.7 crore in the period.

Spicejet (NS: SPJT ): The DGCA fined the airline a Rs 10 lakh penalty for training its Boeing (NYSE: BA ) 737 Max aircraft's pilots on a faulty simulator.

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