Stocks To Watch On May 31: Equity markets faced deepening losses on Thursday due to investor uncertainty surrounding the election results. In today’s trade, shares of Apollo Hospitals, ICICI Pru Life, Hero MotoCorp, Muthoot Finance, and Welspun Corp among others will be in focus due to various news developments and quarterly earnings
Swan Energy: The company reported a decline in profit by 10.5 per cent year on year (Y-o-Y) to Rs 55.5 crore as against Rs 62.1 crore in Q4FY23. Its revenues saw a significant spike of 50 per cent to Rs 1,407 crore from Rs 937 crore in Q4FY23.
Suven Pharmaceuticals: It witnessed a plunge in profit by 58 per cent Y-o-Y to Rs 52.4 crore, accompanied by a decrease in revenue by 31.5 per cent to Rs 252.9 crore.
Gujarat Alkalies & Chemicals: The company faced a loss of Rs 46.2 crore in Q4FY24, in contrast to a profit of Rs 71 crore in Q4FY23, with revenue falling by 12 per cent to Rs 1,001.6 crore in the March quarter of FY24.
Jio Financial Services: The company announced the launch of its JioFinance app in Beta version. This app integrates digital banking, UPI transactions, bill settlements, insurance advisory, and offers a consolidated view of accounts and savings.
Apollo Hospitals: Leading hospital chain Apollo Hospitals on Thursday reported 77% growth in its consolidated net profit at Rs 258 crore for the fourth quarter ended March 2024.
ICICI Pru Life: Insurance regulator IRDAI has approved the appointment of Sandeep Batra as Chairman of the Board of directors of the company.
Hero MotoCorp: Hero MotoCorp has launched the latest generation of the iconic Splendor – the Splendor+ XTEC 2.0 – to celebrate the 30th anniversary of the world’s highest-selling motorcycle.
Muthoot Finance: Muthoot Finance’s net profit increased 17% to Rs 1,056 crore in the fourth quarter. NII during the same period rose 15% to Rs 2,135 crore.
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