Sun Pharma, Delta Corp, TCS and other stocks to watch out for on May 28

May 28, 2021

By: Rounak Jain

Credit: BCCL

Sun Pharma

The pharma giant has reported a two-fold jump in net profit to ₹894 crore from ₹400 crore, while revenue rose 4 percent ₹8,523 crore, year-on-year.

Credit: Sun Pharma

Delta Corp

Its casinos in Goa will remain closed till June 15 after the government announced an extension of lockdown.

Credit: Unsplash

TCS

It has completed the acquisition of GE’s stake in TCS Saudi Arabia.

Credit: IANS

Earnings today

Mahindra & Mahindra, Max Healthcare Institute, Reliance Infrastructure, OnMobile Global, Aditya Birla Fashion and Retail, Ador Welding, Force Motors, Dilip Buildcon, Deepak Fertilisers & Petrochemicals, Gulf Oil Lubricants India, GMM Pfaudler, India Nippon Electricals, Ipca Laboratories, Ujjivan Financial Services.

Credit: Pixabay

Eicher Motors

It reported a 73 percent increase in its net profit to ₹526 crore, while revenue surged by 33 percent to ₹2,940 crore, year-on-year.

Credit: Eicher Motors

Dixon Technologies

It reported a 60 percent rise in net profit to ₹44 crore, while the revenue jump was higher at 146 percent to ₹2,110 crore, year-on-year.

Credit: Dixon Technologies

HEG

It reported a narrower loss at ₹16 crore, against a loss of ₹378 crore a year ago, while revenue declined marginally to ₹406 crore from ₹417 crore, year-on-year.

Credit: HEG

India Grid Trust

It reported a 31 percent fall in its net profit to ₹69 crore, from ₹100 crore a year ago. Revenue surged by 53 percent to ₹514 crore, year-on-year.

Credit: India Grid Trust

Hester Biosciences

It will provide infrastructure to manufacture Covaxin drug substance at an outlay of ₹40 crore. The drug substance will become available from August, 2021.

Credit: Hester Biosciences

UCO Bank

It has approved raising ₹3,000 crore by way of preferential issue, qualified institutional placement and more in the financial year 2021-22.

Credit: BCCL

PayTM’s ₹21,000 crore IPO plan is thrice the size of Zomato and the biggest ever share sale in India so far