Stocks in Focus on April 25: Biocon, Indiabulls Housing to M&M Finance; here are the 5 newsmakers of the day
Domestic stocks market reported sharp gains, snapping the losses of three sessions, to end in a green mark on Wednesday, April 24, 2019.
Domestic stocks market reported sharp gains, snapping the losses of three sessions, to end in a green mark on Wednesday, April 24, 2019. However, there were certain stocks, like Biocon, Bharti Infratel and ICICI Prudential, that came in news after the market was closed for trading for the day and can influence the market after it reopens for trading purposes on Thursday, April 25, 2019. Here is the list of five such stocks:
Biocon: The company’s board will meet today to consider and recommend the proposal for dividend and issuance of bonus shares. In addition, the biopharmaceutical company will be declaring its financial results of the fourth quarter and year ended March 31, 2019, today on April 25, 2019.
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Indiabulls Housing Finance: The company has posted a 4 per cent fall in net interest income at Rs 1591 crore against Rs 1661 crore reported in the corresponding quarter of the last year. Its net profit went down by 7 per cent to Rs1006 crore vs Rs1082 crore in the same quarter of FY18.
Bharti Infratel: The leading telecom tower infrastructures provider company has reported its financial results for the fourth quarter of FY19 and posted a consolidated net profit of Rs608 crore in the quarter against Rs648 crore (QoQ). Its revenue also fell 1.10 per cent to Rs3600 crore from Rs3640 crore.
ICICI Prudential Life Insurance: The company has reported a 23 per cent decline in net profit in the fourth quarter of FY19. It reported a net profit of Rs261.02 crore against Rs340.26 crore reported in the corresponding quarter of the last financial year.
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M&M Finance: The company has reported an 87 per cent rise in net profit in the fourth quarter of FY19. Its profit went up to Rs588 crore from Rs314.4 crore that was reported in the same quarter of the FY18.
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