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Stocks to Watch Today: Paytm, BHEL, Sun Pharma, JK Tyre

23 May , 2022   By : Kanchan Joshi


Stocks to Watch Today: Paytm, BHEL, Sun Pharma, JK Tyre

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


Paytm: Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday reported widening of its consolidated loss to Rs761.4 crore for the quarter ended March 2022 on account of rise in payment processing charges and employees benefit expenses.


BHEL: State-owned engineering firm BHEL on Saturday returned to black posting Rs912.47 crore consolidated net profit in the March quarter, backed by higher income. In the year-ago quarter, the company had reported a consolidated net loss of Rs1,036.32 crore, according to a regulatory filing.


Indiabulls Housing Finance: Mortgage financier Indiabulls Housing Finance Company reported an 11.23 per cent rise in profit after tax (PAT) to Rs307 crore for the fourth quarter ended March 2022 on lower credit cost and higher profit from its co-lending business.


Sun Pharma: Drug major Sun Pharma is recalling around 10,500 bottles of a generic drug meant for the treatment of major depressive disorders in the US market following a customer complaint.


PGCIL: State-owned Power Grid Corporation of India Ltd on Saturday posted about 18 per cent rise in its consolidated net profit at Rs4,156.44 crore for the March 2022 quarter, backed by higher income. The company's consolidated net profit stood at Rs3,526.23 crore in the year-ago quarter, Power Grid Corporation of India Ltd (PGCIL) said in a BSE filing.


Wheels India: Auto component manufacturer Wheels India has drawn up plans to invest about Rs155 crore towards expansion of construction equipment and aluminum wheels business during the current financial year, according to a company official.


Amara Raja Batteries: Amara Raja Batteries Ltd on Friday reported a decline of 47.80 per cent in consolidated net profit at Rs98.85 crore in the fourth quarter ended March 2022. The company had posted a net profit of Rs189.38 crore in the January-March period a year ago, Amara Raja Batteries Ltd said in a regulatory filing.


Arvind SmartSpaces: Realty firm Arvind SmartSpaces on Friday reported a two-fold jump in net profit at Rs14 crore for the quarter ended March. Its profit stood at Rs6.6 crore in the year-ago period.


JK Tyre: JK Tyre & Industries on Friday reported 80 per cent decline in consolidated net profit at Rs38.22 crore for the fourth quarter ended March 31, 2022, impacted by higher expenses primarily due to rise in input costs.


Karur Vysya Bank: South-based Karur Vysya Bank on Friday reported an over two-fold jump in its net profit to Rs213.47 crore in the March 2022 quarter on the back of a fall in bad loans. The bank had posted a net profit of Rs104.37 crore in the same quarter of the previous fiscal.


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