Saturday Special Trading Activity: Bandhan Bank, Ujjivan SFB, Wipro, other stocks to track
Stocks To Track, Share Market News: As Dalal Street participants await special trading activity on Saturday, May 18, here are a few stocks that are likely to be in focus on this day.
Stocks To Track, Share Market News: Domestic equity benchmarks Nifty50 and Sensex recovered initial intraday losses to finish Friday's session about one-third of a percentage point higher, aided by buying interest in financial, auto and energy shares, though selling pressure in IT stocks played spoilsport, keeping the upside in check. The Sensex gained 253.3 points to end at 73,917 and the Nifty50 settled at 22,466.1, up 62.3 points from its previous close.
Here are a bunch of stocks that are likely to be in focus in special trading activity scheduled for Saturday, May 18:
More than 50 companies to report results on Saturday
More than 50 companies are scheduled to report their quarterly financial results on May 18, including Ujjivan Small Finance Bank, Anupam Rasayan India, Trident, ASK Automotive, ASK Automotive, ASK Automotive, Krsnaa Diagnostics, and Parag Milk Foods.
Wipro Appoints Sanjeev Jain as Chief Operating Officer
Wipro has announced the appointment of Sanjeev Jain as the Chief Operating Officer effective immediately. Jain succeeds Amit Choudhary, who is stepping down to pursue opportunities outside the organisation. Jain will report to Srinivas Pallia and will continue to be a member of Wipro’s Executive Committee.
Jain joined Wipro in 2023 as the Global Head of Business Operations.
JSW Steel Q4 profit misses analysts' expectations
JSW Steel has logged a 64.7 per cent fall in consolidated net profit to Rs 1,322 crore for the quarter ended March 31, with a 1.5 per cent decline in revenue to Rs 46,269 crore.
Zee Business analysts had pegged JSW Steel's March-quarter net profit at Rs 1,600 crore and revenue at Rs 44,459 crore.
Zydus Lifesciences stages better-than-expected Q4 show
Zydus Lifesciences has clocked a March-quarter consolidated net profit of Rs 1,182 crore over revenue of Rs 5,534 crore.
Zee Business analysts had estimated the pharma company's quarterly net profit at Rs 920 crore and revenue at Rs 5,270 crore.
Bandhan Bank Q4 profit slumps due to higher provisions
Bandhan Bank has logged a 93.2 per cent year-on-year fall in net profit Rs 54.6 crore for the March quarter, as against Zee Business analysts' estimate of Rs 890 crore.