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Stocks to Watch Today: Nykaa, ONGC, Glenmark Pharma, JSW Steel, M&M

30 May , 2022   By : Kanchan Joshi


Stocks to Watch Today: Nykaa, ONGC, Glenmark Pharma, JSW Steel, M&M

Here is the list of the top 10 stocks that are likely to be in focus on Monday:


Nykaa: FSN E-Commerce, which operates under the Nykaa brand, on Friday reported a decline of about 57 per cent in its consolidated profit to Rs7.57 crore for the fourth quarter ended March 2022, mainly account of new investments.


ONGC: On the back of the best-ever price it earned on crude oil it produces, state-owned Oil and Natural Gas Corporation (ONGC) reported a record net profit of Rs40,305 crore in the fiscal year ended March 31, becoming India's second most profitable company behind Reliance Industries Ltd. In a statement, ONGC said net profit for the fiscal FY22 (April 2021 to March 2022) soared 258 per cent to Rs40,305.74 crore from Rs11,246.44 crore in the previous financial year.


Glenmark Pharma: Glenmark Pharmaceuticals Limited on Saturday reported a net consolidated profit of Rs172.6 crore for the quarter ended March 2022 as compared to Rs234 crore recorded in the corresponding period of the last year, registering a decline of 26 per cent.


Oil India: Oil India Limited (OIL) has posted a net profit of Rs3,887.31 crore for the year ended March 2022, which is 123.20 per cent higher when compared with Rs1741.59 crore profit recorded in the previous year. Talking to ANI, SC Mishra, CMD, Oil India Limited, said that one of the reasons behind the record profit is high crude oil and gas prices.


United Spirits: Diageo-controlled liquor maker United Spirits Ltd (USL) on Friday reported a 12.14 per cent decline in consolidated net profit at Rs178.6 crore for the fourth quarter ended March as margins were impacted by rising inflation.


JSW Steel: JSW Steel Limited on Friday reported a consolidated net profit of Rs3,234 crore for the quarter ended March 2022, which is 23 per cent lower when compared with Rs4,198 crore recorded in the corresponding period of last year.


Arvind Fashions: Arvind Fashions Ltd on Friday reported a consolidated net profit of Rs22.38 crore for the fourth quarter ended March 2022. The company had posted a consolidated net loss after tax of Rs99.45 crore in the same quarter previous fiscal, Arvind Fashions Ltd said in a regulatory filing.


Mahindra & Mahindra: Mahindra & Mahindra (M&M) on Saturday reported a standalone profit (before exceptional items) at Rs1,167 crore for the fourth quarter of 2021-22 as compared to Rs998 crore recorded in the corresponding period of the previous year, registering a year-on-year growth of 17 per cent.


Hinduja Global Solutions: Business process management firm Hinduja Global Solutions said it consolidated profit after tax jumped multi-fold to Rs5,686 crore for the quarter ended March, mainly on account of a one-time gain from divestment of its healthcare services business.


NMDC: The largest state-run iron ore miner National Mineral Development Corporation (NMDC) posted a profit after tax of Rs1,815 crore for the quarter ended March 2022 as compared to Rs2,838 crore recorded in the corresponding period of the previous year, registering a decline of 36.04 per cent year-on-year, according to an official statement released on Saturday.


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