Stocks To Watch: NTPC, IOCL, Sun TV, Cochin Shipyard, Bosch, Karnataka Bank, and Others

Stocks To Watch On May 27: Indian benchmarks equity indices closed flat on Friday, but logged their best week since early February, driven by gains in financials and metal stocks. In today’s trading session, shares of NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, and Narayana Hrudayalaya among others will be in focus due to various news developments and quarterly earnings.

Indiabulls Housing Finance: It reported a 21.3 per cent increase in net profit to Rs 319 crore, with a total income increase of 8.6 per cent to Rs 2,255 crore.

Cochin Shipyard: The company reported a remarkable 114 per cent YoY increase in revenue to Rs 1,286 crore, resulting in a net profit surge of 564 per cent YoY to Rs 259 crore.

Bosch: It showed a 4.2 per cent YoY increase in revenue to Rs 4,233 crore, with a notable 41.7 per cent rise in net profit to Rs 564 crore.

Sun TV Network: The firm witnessed a 14.4 per cent YoY increase in revenue to Rs 961 crore, with a 9.1 per cent YoY rise in net profit to Rs 415 crore. However, the margin declined slightly to 54.4 per cent in Q4FY24.

Karnataka Bank: The bank reported a 22 per cent decrease in net profit to Rs 274 crore, with a 3 per cent YoY decline in Net Interest Income (NII) to Rs 834 crore. The gross NPA decreased to 3.53 per cent, while the net NPA increased to 1.58 per cent in Q4FY24.

Affle India: The firm witnessed a slight increase in revenue by 1.5 per cent to Rs 506 crore, with a 13.9 per cent rise in net profit to Rs 87 crore.

Indian Oil Corporation Ltd: The company made a acquisition, securing a 100 per cent stake in Mercator Petroleum for Rs 154 crore.

NTPC: NTPC reported a consolidated net profit of Rs 6490 crore in Q4 of FY24, up 33% from Rs 4871 crore in the year-ago period. The profit of the company improves amid higher electricity generation and a spike in power demand. Revenue from operations in the March quarter was Rs 47,622 crore, rising 7.6% from Rs 44,253 crore reported last year.

Torrent Pharma: Torrent Pharmaceuticals consolidated net profit surged 56.45% to Rs 449 crore in Q4 FY24 as compared with Rs 287 crore recorded in Q4 FY23. Revenue from operations rose 10.2% YoY to Rs 2,745 crore in the quarter ended 31 March 2024.

Sun TV Network: Sun TV Network reported a 9% increase in consolidated net profit of Rs 415 crore for the fourth quarter ended March 31, 2024, as against Rs 380 crore for the same period last year. Revenue increased by 14% to Rs 961 crore in Q4 FY24 as against Rs 840 crore in Q4 FY23.

Karnataka Bank: Karnataka Bank’s net profit for the March quarter fell 23% to Rs 274 crore against Rs 354 crore owing to lower net interest income and higher staff and other expenses.

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