ONGC, M&M, Nykaa, JSW Steel among stocks to watch out for on May 30

May 30, 2022

By: bhakti.makwana@timesinternet.in

Credit: BCCL

Oil and Natural Gas Corporation

The state owned oil and gas producer and explorer reported a highest net profit of ₹40,305 crore for FY22 surpassing Tata Steel and becoming India's second most profitable company behind Reliance Industries.

Credit: ONGC

Mahindra & Mahindra

The automaker has reported nearly five times more standalone profit in Jan-Mar at ₹1,192 crore as compared to a profit of ₹245 crore last year.

Credit: BCCL

Tata Motors

The Gujarat government has reportedly cleared a proposal to allow Tata Motors to take over Ford India's Sanand plant.

Credit: Tata Motors

JSW Steel

The steel making company reported a 23 percent rise in consolidated net profit to ₹3,234 crore for Jan-Mar quarter as compared with ₹4,198 crore last year.

Credit: United Spirits

Oil India

The company’s net profit more than doubled in FY22 to ₹3,887 crore as compared to ₹1741 crore profit last year

Credit: United Spirits

FSN E-Commerce Ventures (Nykaa)

The e-commerce company reported a 57 percent decline in its consolidated profit to ₹7.57 crore for the Jan-Mar quarter due to expenses.

Credit: United Spirits

United Spirits

The liquor company announced a 12 percent decline in consolidated net profit to ₹178.6 crore for the March quarter. Besides, the Board has approved the sale and franchising of selected brands to Singapore headquartered Inbrew Beverages for ₹820 crore.

Credit: United Spirits

InterGlobe Aviation

The aviation regulator Directorate General of Civil Aviation (DGCA) has imposed a penalty of ₹5 lakh on IndiGo airline for denying boarding to a special child at Ranchi airport on May 7.

Credit: BCCL

Earnings today

Sun Pharmaceutical Industries, LIC, IRCTC, Jindal Steel & Power Ltd, Jubilant Foodworks, Aurobindo Pharma, Campus Activewear, Dish TV India, Monte Carlo Fashions, Nbcc (India), Spicejet, among companies to release their earnings today.

Credit: BCCL

Jeremy Grantham, Michael Burry, and other market gurus expect stocks to plunge further. Here's a roundup of their latest comments.