Stocks in the news: Airlines, Bajaj Auto, Jubilant Foodworks
Here are a few stocks which may create some buzz in Thursday’s trade.
Mumbai: India’s benchmark equity indices may start higher on Thursday, tracking the early gains on Wall Street on Wednesday, but the market direction will depend on the pace of the spread of coronavirus in the country and developments related to the progress on the Covid vaccine.
US stocks jumped more than 1 per cent at the open on Wednesday on upbeat quarterly earnings reports from retailers and hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors, Reuters reported.
Here are a few stocks which may create some buzz in Thursday’s trade:
InterGlobe Aviation, Spicejet: Airline stocks will be in focus after civil aviation minister Hardeep Singh Puri said on Wednesday that flight operations will resume in a calibrated manner from 25 May.
Bajaj Auto: Auto major Bajaj Auto beat Street expectations even as it reported a nearly flat profit growth for the quarter ended March, but warned it expects to continue witnessing the impact of the Covid-19-induced lockdown.
Jubilant Foodworks: Jubilant FoodWorks on Wednesday reported a 57.96 per cent decline in consolidated net profit at Rs 32.53 crore for the quarter ended March, due to the coronavirus pandemic and subsequent lockdown.
Ajanta Pharma: Ajanta Pharma on Wednesday reported a 45 per cent rise in its consolidated net profit to Rs 129.16 crore for the quarter ended March 31, mainly on account of robust sales in all markets.
Tata Power: Tata Power on Wednesday said its arm Tata Power International Pte Ltd (TPIPL) has acquired 10 per cent stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for $150,000.
GHCL: Chemicals and textiles manufacturer GHCL on Wednesday reported a 28.94 per cent decline in consolidated net profit to Rs 84.86 crore in the fourth quarter ended March 31, on account of lower sales.
March quarter earnings: Bajaj Finserv, Bajaj Holdings, Colgate-Palmolive India, Hawkins, Hindustan Zinc, Jubilant Industries, Quick Heal Technologies, Tata Metaliks, VST Industries and 3i Infotech are scheduled to announce their march quarter results on Thursday.
US stocks jumped more than 1 per cent at the open on Wednesday on upbeat quarterly earnings reports from retailers and hopes of a recovery from a coronavirus-fueled slump amid signs of more stimulus for ailing sectors, Reuters reported.
Here are a few stocks which may create some buzz in Thursday’s trade:
InterGlobe Aviation, Spicejet: Airline stocks will be in focus after civil aviation minister Hardeep Singh Puri said on Wednesday that flight operations will resume in a calibrated manner from 25 May.
Bajaj Auto: Auto major Bajaj Auto beat Street expectations even as it reported a nearly flat profit growth for the quarter ended March, but warned it expects to continue witnessing the impact of the Covid-19-induced lockdown.
Jubilant Foodworks: Jubilant FoodWorks on Wednesday reported a 57.96 per cent decline in consolidated net profit at Rs 32.53 crore for the quarter ended March, due to the coronavirus pandemic and subsequent lockdown.
Ajanta Pharma: Ajanta Pharma on Wednesday reported a 45 per cent rise in its consolidated net profit to Rs 129.16 crore for the quarter ended March 31, mainly on account of robust sales in all markets.
Tata Power: Tata Power on Wednesday said its arm Tata Power International Pte Ltd (TPIPL) has acquired 10 per cent stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for $150,000.
GHCL: Chemicals and textiles manufacturer GHCL on Wednesday reported a 28.94 per cent decline in consolidated net profit to Rs 84.86 crore in the fourth quarter ended March 31, on account of lower sales.
March quarter earnings: Bajaj Finserv, Bajaj Holdings, Colgate-Palmolive India, Hawkins, Hindustan Zinc, Jubilant Industries, Quick Heal Technologies, Tata Metaliks, VST Industries and 3i Infotech are scheduled to announce their march quarter results on Thursday.