Top stocks in focus: Power Grid, Tube Investments, J&K Bank, Khadim India, HealthCare Global Enterprises

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Jun 18, 2021 07:06 IST India Infoline News Service

Power Grid Corporation of India reported higher consolidated profit at Rs3,526.23cr in Q4FY21 against Rs3,313.47cr in Q4FY20, revenue rose to Rs10,510.23cr from Rs10,148.26cr yoy. The company's board of directors recommended issue of bonus shares in the ratio of 3:1 (one new equity bonus share for every three existing equity share).

Tube Investments of India reported higher consolidated profit at Rs160.4cr in Q4FY21 against Rs59.76cr in Q4FY20, revenue jumped to Rs2,732.82cr from Rs1,031.01cr yoy. The company approved fresh long-term borrowing of Rs200cr, to meet its requirement of funds during the financial year 2021-22, by way of issue of privately placed secured non-convertible debentures, in one or more tranches.

Jammu & Kashmir Bank reported standalone profit at Rs315.75cr in Q4FY21 against loss of Rs294.1cr in Q4FY20, net interest income fell to Rs917.42cr from Rs987.24cr yoy.

Khadim India reported consolidated profit at Rs11.52cr in Q4FY21 against loss of Rs19.87cr in Q4FY20, revenue rose to Rs269.95cr from Rs158.2cr yoy.

HealthCare Global Enterprises reported higher consolidated profit at Rs113.76cr in Q4FY21 against Rs50.44cr in Q4FY20, revenue rose to Rs297.04cr from Rs269.5cr yoy.

IndoStar Capital Finance Limited (IndoStar), announced its Q4FY21 results. The AUM remained at Rs8,400cr, on account of gradual reduction in the corporate lending book, a steady endeavor in the company’s retailisation strategy.

Mangalam Organics: CRISIL has reaffirmed long term rating for various credit facilities of the company at 'A-' and upgraded outlook to Positive from Stable.

Results today: Ashoka Buildcon, Archidply Industries, Balaji Telefilms, BC Power Controls, Gujarat Fluorochemicals, GMR Infrastructure, Hinduja Global Solutions, HT Media, Insecticides (India), Jubilant Industries, PSP Projects, SMS Lifesciences, Timken India, and Welspun Specialty Solutions.

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