Goodwill Investors Education initiative, Goodwill’s Eagle Eyes !
Top stocks to watch out during Covid times;
Mother Sumi- Dr Reddy’s Lab, RIL,SBI-M;M
Buy at lows for medium/long term gains:
Share markets are in upward trend only despite the threat of Covid-second wave. Many corporates have shown resilience and published good results including some of the leading Banks.The variety of vaccines and the dip in the spread of the virus have made the markets discount the ferocity of the virus challenge thus facilitating forward movement of many stocks particularly banking, metal and pharma stocks. The investors including DIIs and FPIs are in jubilant mood to celebrate the happenings in the environment although some disturbing factors like widening fiscal deficit, waning GDP growth etc., In these trying circumstances analysts recommend to the investors to watch certain counters and stay invested in them for a long term harvests.
Banks & NBFCs | The Reserve Bank of India will announce its monetary policy today. It is expected to leave rates unchanged amid uncertainty about the economic fallout of the second COVID-19 wave.
Mahindra & Mahindra | Ministry of Defence signed a contract with Mahindra Telephonics Integrated Systems for procurement of 11 airport surveillance radars with monopulse secondary surveillance radar for the Indian Navy and Indian Coast Guard. The procurement, at a cost of Rs 323.47 crore, will be made under the ‘buy & make’ category.
Lupin | The company launched an authorised generic version of Brovana (arformoterol tartrate) Inhalation Solution 15 mcg/2 mL, unit-dose vials, of Sunovion Pharmaceuticals Inc, in the United States. The drug is used for the maintenance treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease.
IDBI Bank | The bank has secured a USD 239 million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of India-based Essar Shipping Group.
Gujarat State Petronet | The company’s Q4FY21 consolidated profit rose to Rs 577.5 crore from Rs 497.67 crore, while revenue increased to Rs 3,828.65 crore from Rs 3,207.41 crore, YoY.
ABB Power Products and Systems India |The company has resumed operations at its manufacturing facility in Bengaluru from May 28.
Som Distilleries & Breweries | The company reported consolidated profit at Rs 3.7 crore in Q4FY21 against a loss of Rs 4.97 crore in Q4FY20. Revenue rose to Rs 191.62 crore from Rs 161.55 crore, YoY.
Quess Corp | The company’s net loss in Q4FY21 narrowed to Rs 58 crore from Rs 630 crore in Q4FY20. Revenue rose marginally to Rs 3,005 crore from Rs 2,995 cror
Cupid | The company’s Q4FY21 profit fell to Rs 6.47 crore from Rs 10.43 crore, while revenue declined to Rs 41.69 crore from Rs 42.69 crore, YoY.
Anupam Rasayan India | Crisil has upgraded the company’s long term rating to CRISIL A/Stable from CRISIL A-/Stable, while short term rating has been upgraded to CRISIL A2+ from CRISIL A1.
Nucleus Software Exports | The company reported consolidated profit at Rs 27.35 crore in Q4FY21 against Rs 28.14 crore in Q4FY20, revenue fell to Rs 124.18 crore from Rs 138.23 crore, YoY.
Earnings Today | Punjab National Bank, Bharat Forge, Bank of India, MOIL, Balkrishna Paper Mills, IOL Chemicals & Pharmaceuticals, Jubilant Pharmova, NIIT, Paisalo Digital, Pennar Industries, Simbhaoli Sugars, Varroc Engineering, among others.
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