By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will be in the news today and on which the market will be eyeing.
JSW STEEL IN FOCUS
JSW Steel reported that it reported a consolidated net profit of Rs 7,179 crore in the second quarter, which is 350% higher than the corresponding month of the previous quarter. This is the highest profit ever recorded by the company in any quarter. The company had made a profit of Rs 1,595 crore in the corresponding quarter of the last financial year.
Apart from this, the company’s revenue has also been recorded the highest in this quarter. The revenue from operations of JSW Steel stood at Rs 32,503 crore in the second quarter as against Rs 19,264 crore in the corresponding quarter of the previous fiscal. The company also reported its highest consolidated operating profit (EBIDTA) in the same quarter at Rs 10,417 crore.
IEX in focus
IEX posted strong results in the second quarter. REVENUE 56% then profit 75% increase. Margins have also shown improvement. At the same time, the company announced to give 2 bonus shares on the existing 1 share.
TVS Motors Q2 in focus
The country’s leading two-wheeler auto company TVS Motors has presented its quarterly results on Thursday. The company’s consolidated profit grew 29.19 per cent to Rs 234.37 crore in the second quarter of FY 2021-22. Whereas according to the poll of CNBC-TV18, it was estimated to be Rs 248 crore. Let us inform that in the same quarter last year, the company had a profit of Rs 181.41 crore.
The company’s earnings have increased in the second quarter of the financial year 2021-22. The company’s revenue in the September quarter increased from Rs 5,254.36 crore to Rs 6,483.42 crore, as against the estimated Rs 5,426 crore as per a CNBC-TV18 poll.
INDIAN HOTELS Q2
In the second quarter, the company has seen a great growth in revenue. In the second quarter of FY 2021-22, the company’s revenue grew by 183.8 per cent at Rs 728.4 crore as compared to Rs 256.7 crore in the same quarter last year. However, the margin has remained unchanged at 10 per cent. The company reported a loss of Rs 130.9 crore in the second quarter as against a loss of Rs 252.1 crore last year.
Concor in focus
The company’s profit in the second quarter grew by 41.2 per cent to Rs 264 crore as compared to Rs 187 crore in the second quarter of last year.
In the second quarter, the company’s revenue has seen a jump of 21.4 percent. The company’s revenue in the second quarter of the financial year 2021-22 has been Rs 1,823.9 crore, while in the second quarter of last year, the company’s revenue was Rs 1,502.7 crore. The company has declared a dividend of Rs 4 per equity share for the financial year ending 31 March 2022 for its shareholders.
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