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Stocks to Watch Today: Coal India, Indigo, Vodafone Idea, Infosys

26 May , 2022   By : Kanchan Joshi


Stocks to Watch Today: Coal India, Indigo, Vodafone Idea, Infosys

Following are the top 10 stocks that are likely to be in focus on Thursday:


Coal India: The state-run company on Wednesday reported Rs6,692.94 crore net profit for the quarter ended March as compared to Rs4,586.78 crore in the corresponding period of the last year, registering a year-on-year growth of 45.91%. Revenue from operations for the fourth quarter of 2021-22 rose to Rs3,2706.77 crore, registering a growth of 22.49%


Vodafone Idea: The markets regulator Sebi on Wednesday exempted the government from making an open offer to the shareholders of Vodafone Idea pursuant to its proposed acquisition of over 33 per cent stake in the telecom operator on conversion of dues into equity.


InterGlobe Aviation: The airline, which operates IndiGo, on Wednesday said its consolidated losses widened to Rs1,682 crore in the March quarter on the back of rising fuel costs, a depreciating rupee, and a covid-induced fall in demand in early January. Indigo had posted losses of Rs1,147.16 crore in the year-ago period. Revenue was up by 9% from the year ago to Rs8,207 crore. 


Infosys: The IT major has tied up with Palo Alto Networks, a global cybersecurity leader, to elevate the security-maturity of large enterprises with mission-critical digital landscapes and to help prevent the threat of cyberattacks on their critical infrastructure.


Bata India: The shoemaker reported over two-fold increase in its consolidated net profit at Rs62.96 crore for the fourth quarter ended March helped by robust sales. The company's revenue from operations increased 12.77% to Rs665.24 crore during the quarter under review.


Bharat Petroleum Corporation: The oil retailer reported an 82 percent decline in net profit in the quarter ended March 2022 as the firm held fuel prices despite rise in cost. Revenue from operations rose 25 per cent to Rs1.23 lakh crore on higher oil prices but losses on petrol, diesel and domestic LPG sales dented the financials.


Dish TV: The DTH service provider has announced the appointment of its former chief executive officer R. C. Venkateish as a non-executive independent director with effect from 25 May for a term of five consecutive years.


NHPC: The state-owned company on Wednesday posted nearly 7% rise in its consolidated net profit to Rs515.90 crore in the March quarter. The company's total income in the quarter stood at Rs2,026.62 crore against Rs2,100.12 core a year ago.


Birlasoft: The company's promoters have confirmed that they do not intend to participate in the proposed share buyback programme of the firm. The company had proposed to buy back up to 7,800,000 fully paid shares of Rs2 each.


Suzlon Energy: The company's consolidated net loss of Rs205.52 crore in the March quarter. Total income in the quarter under review rose to Rs2,478.73 crore from Rs1,141.15 crore in the same period a year ago.


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