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Stocks to Watch Today: Bharti Airtel, DLF, IOC, BPCL

18 May , 2022   By : Kanchan Joshi


Stocks to Watch Today: Bharti Airtel, DLF, IOC, BPCL

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


Bharti Airtel: India's second-largest telecom operator Bharti Airtel on Tuesday posted more than twofold year-on-year jump in its consolidated net profit for the March quarter to Rs2,008 crore, buoyed by a lift in average revenue per user and an exceptional gain.


DLF: Realty major DLF on Tuesday reported a 16 per cent decline in its consolidated net profit to Rs405.33 crore for the quarter ended in March. Its net profit stood at Rs480.94 crore in the year-ago period, the company said in a regulatory filing.


IOC: Indian Oil Corporation (IOC), the nation's biggest oil firm, on Tuesday reported a 31.4 per cent drop in the fourth quarter net profit as record refining margins were wiped away by a margin squeeze in petrochemicals and losses on auto fuel sales. Standalone net profit of Rs6,021.88 crore, or Rs6.56 a share, in January-March, compared with Rs8,781.30 crore, or Rs9.56 per share, in the same period a year back, the company said in a stock exchange filing.


IRB Infra: IRB Infrastructure Developers Ltd on Tuesday reported a 79.04 per cent jump in its consolidated net profit to Rs175 crore for the fourth quarter ended in March 2022. The company had clocked a net profit of Rs97.45 crore during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing.


Abbott India: Drug firm Abbott India on Tuesday said its net profit increased by 39 per cent to Rs211 crore for the fourth quarter ended March 2022. The company had reported a net profit of Rs152 crore in the January-March quarter of 2020-21 fiscal.


Dr Lal Pathlabs: Dr Lal Pathlabs on Tuesday said its consolidated net profit declined 27 per cent to Rs62 crore in the fourth quarter ended March 31, 2022. The company had reported a net profit of Rs85 crore for January-March period a year ago.


Kajaria Ceramics: Kajaria Ceramics Ltd on Tuesday reported a decline of 25.87 per cent in consolidated net profit at Rs97.23 crore for the fourth quarter ended March. The company had posted a net profit of Rs131.17 crore in the year-ago period, Kajaria Ceramics said in a BSE filing.


Motilal Oswal Financial Services: Motilal Oswal Financial Services on Tuesday announced buyback of its 14.55 lakh equity shares at a price of Rs1,100 per unit for an aggregate amount not exceeding Rs160 crore. The buyback represents 0.98 per cent of the total paid-up equity share capital of the company as on March 31, 2022, Motilal Oswal Financial Services said in a statement.


BPCL: India is considering selling up to a quarter of state-run refiner Bharat Petroleum Corp Ltd after failing to attract suitors for the whole firm, two officials said, as the government's divestment programme moves slower than expected. New Delhi is considering inviting bids for a 20%-25% stake in BPCL, instead of an outright sale of its entire 52.98% holding, the two government officials, who declined to be named, told Reuters.


TVS Motor Company: The two-wheeler firm announced that it is selling Intellicar Telematics to Fabric IOT for Rs45 crore.



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