Keep an eye on these 13 stocks on May 26
Many stocks in the stock market can be focused on the basis of news on May 26. Some companies have presented strong quarterly results, while some have received large orders or have announced dividends.
Pine Labs
Pine Labs made a comeback in the March quarter to register a profit of Rs 59.4 crore The company was at a loss in the same period last year. The company’s revenues grew 17 per cent to Rs 700.5 crore, while Ebitda and margins also saw a strong recovery
BEL
State-run defence company Bharat Electronics (BEL) has received a new order of Rs 608 crore. This has increased hope of getting good revenue in the future.
Surya Roshni
Surya Roshni’s profit declined by 24.4% year-on-year to Rs 98.3 crore. The company’s revenues rose marginally to Rs 2,163.2 crore, but Ebitda and margins declined. The company has recommended a final dividend of Rs 2.50 per share, while the order book stood at Rs 1,160 crore.
Amara Raja Energy & Mobility
Amara Raja’s profit rose 95% year-on-year to Rs 314.3 crore. The company’s income grew 15.5% to Rs 3,535.8 crore, while Ebitda rose 13.1%. The company has also recommended a final dividend of Rs 5.20 per share
Paytm
Paytm Cloud Technologies will invest 90 million euros in the Europe business. The investment will be made through 90 lakh equity shares and is considered part of the company’s global expansion strategy.
Ashok Leyland
Ashok Leyland has received a major order for 715 vehicles from the logistics company VRL Logistics. This order includes AVTR 3120 Hallage Truck, BOSS 1615 truck and Oyster staff buses. The company said the deal will further strengthen the long-standing partnership between the two companies.
Raymond
Raymond has approved a plan to raise Rs 331 crore by issuing 67 lakh warrants. The issue price of each warrant is Rs 497. The company can use this capital to expand business and strengthen financial position.
Trident
Trident KK’s Chief Financial Officer (CFO) Avnish Barua has resigned. After this decision, investors will keep an eye on the shares.
Modern Malleables
The earnings of Modern Malleables rose more than doubled to Rs 53.4 crore in the March quarter. However, net profit declined to Rs 8.8 crore. Despite this, Ebitda and margins registered a strong recovery.
RVNL
The fourth quarter results of state-run railway company RVNL showed pressure. The companys profit declined nearly 59 per cent to Rs 187.1 crore Ebitda margins slipped from 6.8 per cent to 4 per cent However, revenues gained 4.2 per cent.
Aditya Birla Fashion
Aditya Birla Fashion & Retail’s March quarter loss widened to Rs 148.4 crore from Rs 16.87 crore a year ago. The company’s earnings grew, but the margins declined due to weak operating performance.
Suprajit Engineering
Suprajit Engineering has announced a dividend of 200 per cent for investors. The company will give a dividend of Rs 2 on shares with a face value of Rs 1. The stock closed at Rs 444.95 on Monday.
Divgi TorqTransfer Systems
Divgi has declared a dividend of Rs 3.27 per share for its shareholders. Investors are keeping an eye on the company’s decision.
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Source : Moneycontrol