Stocks Under Focus on Monday: M&M, Nykaa, ONGC, LIC, IRCTC & More

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Stocks Under Focus on Monday: M&M, Nykaa, ONGC, LIC, IRCTC & More
Credit: © Reuters.

By Malvika Gurung -- Nykaa (NS: FSNE ): The new-age digital company’s consolidated net profit fell 49.2% on a YoY basis to Rs 8.56 crore in the March quarter due to a sharp uptick in total expenses, while the demand for its personal care and fashion products remained subdued.

Mahindra & Mahindra (NS: MAHM ): The auto company’s standalone profit rallied a whopping 386.5% YoY to Rs 1,192 crore in Q4, and revenue surged 28% YoY to Rs 17,124 crore.

JSW Steel (NS: JSTL ): The steelmaker’s net profit declined 20% YoY to Rs 3,343 crore in the March quarter, led by higher expenses, while its total revenue from operations jumped 74.1% YoY to Rs 46,895 crore.

ONGC (NS: ONGC ): The state-owned oil & gas major’s climbed 10% YoY to Rs 12,061 crore, witnessing its best ever price for crude oil it produces and sells, in the quarter ending March. Its consolidated revenue from operations also surged 37% YoY to Rs 1.55 trillion.

Hindustan Copper (NS: HCPR ): The state-owned mining major reported a consolidated net profit of Rs 89 crore in Q4, compared to a loss of Rs 37 crore in the year-ago period, while its revenue from operations climbed 4.4% YoY to Rs 545 crore.

ITC (NS: ITC ): The conglomerate has acquired a 10.07% stake in Blupin Tech.

Oil India (NS: OILI ): The state-owned major’s net profit jumped 92.3% YoY to Rs 1,630 crore in Q4, posting its highest-ever quarterly net profit. Its average crude oil price realisation witnessed an 80% surge in FY22 on a YoY basis.

Companies including Sun Pharmaceutical Industries (NS: SUN ), LIC (NS: LIFI ), IRCTC (NS: INIR ), Jindal Steel & Power (NS: JNSP ), Delhivery, Aurobindo Pharma (NS: ARBN ), Jubilant Foodworks (NS: JUBI ), and Trident (NS: TRIE ), among others, will release their earnings for the March-ending quarter on Monday.

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