These stocks are likely to be in focus on May 5
At market close on Wednesday, the Sensex was down by 1306.96 points or 2.29% at the 55,669.03 level, and the Nifty was trading at 16,677.6, down by 391.50 points or 2.29%.
A total of 3,475 shares were traded on the BSE, out of which 734 shares have advanced, 2,645 shares have declined and 96 shares are unchanged.
These stocks are likely to be in focus for Thursday's trading session -
Kotak Mahindra Bank Limited: The leading private bank announced its results for its quarter that ended on March 31, 2022. The interest income stood at Rs 8838.13 crore, up by 11.15% compared to Q3FY21. The operating profit rose by 51.25% to Rs 5087.31 crore in Q4FY22, compared to Rs 3363.54 crore. The net profit stood at Rs 3858.75 crore vis-a-vis Rs 2553.26 crore up by 51.13%. The shares of Kotak Mahindra Bank ended higher by 0.17%, on the BSE.
Tata Steel Limited: Tata Steel today announced a stock split of 10:1 and a dividend of Rs 51 per share along with the quarterly results of the quarter that ended on March 31, 2022, Q4FY22. The net sales rose by 38.57% and stood at Rs 69323.50 crore, whereas the operating profit stood at Rs 15321.81 crore, compared to Rs 14456.26 crore posted for the same quarter last year. The net profit rose to Rs 9675.77 crore, up by 38%, and stood at Rs 7011.50 crore compared to Q4FY21. The scrip was down by 2.60% on the BSE at day end.
UPL Limited – UPL today announced that the group acquired OptiCHOS, a naturally derived fungicide for its Natural Plant Protection (NPP) business unit. The NPP portfolio houses natural and biologically derived agricultural inputs and technologies. OptiCHOS offers farmers a new, low-risk, residue-free, and bio-degradable broad-spectrum disease control solution, with low environmental and human impacts. The scrip of UPL was at Rs 822.45, down by 0.87%, on the BSE.
52-week high stocks – From the BSE 500 pack, the stocks of Mangalore Refinery and Petrochemicals, Mahindra Lifespaces, Indian Hotels Company, Swan Energy, and Sumitomo Chemical India have hit their 52-week high on Wednesday.
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