Stocks in news: action will be seen in these stocks on the basis of news, they did not lose sight

Your investment can be secured by keeping a close watch on every movement of shares. Here we are telling such stocks which will remain in the news today and which will be monitored by the market.

Focus on INFO EDGE

The board has approved the Rs 750 crore OFS in Zomato’s IPO. Info Edge holds a 19% stake in Zomato.

Focus on BAJAJ FINANCE Q4FY21

Non-banking finance company Bajaj Finance has released impressive results for the March quarter. On a year-on-year basis, the company’s profit grew 42 per cent to Rs 1,347 crore in the March quarter. The company’s profit has increased in the fourth quarter due to a decrease in loan loss provision. The company’s profit in the same quarter a year ago was Rs 948.1 crore. Net interest income of the company fell by half per cent to Rs 4659 crore in the March quarter. This was Rs 4684 crore in the fourth quarter of fiscal year 2020.

In the fourth quarter of fiscal year 2021, the expenditure on loan loss and provisioning was Rs 1231 crore, which supported the profit. In the same quarter a year ago, the company’s expenditure was Rs 1,954 crore. Whereas in the December 2020 quarter it was Rs 1352 crores.

The board of Bajaj Finance has announced a dividend of Rs 10 per share for the financial year 2021 on a face value of Rs 2 a share.

Britannia Focus

Britannia reported a profit of Rs 360.1 crore in the fourth quarter of FY 2021 as against a profit of Rs 425 crore in the period. Let us know that in the fourth quarter of FY 2020, Britannia had a profit of Rs 372.3 crores. The company has seen a 3.3 per cent decline in its profitability on an annual basis.

In the fourth quarter of FY 2021, Britannia’s income stood at Rs 3,130.7 crore, while the company’s revenue during this period was estimated to be Rs 3,116 crore. Let us know that in the fourth quarter of FY 2020, Britain’s income was Rs 2,867.7 crore.

Focus on Axis Bank

Axis Bank made a profit of Rs 2677 crore to the bank in this quarter. The bank has seen a tremendous increase in profits due to a huge decline in the provisioning for bad loans. Explain that Axis Bank had a loss of Rs 1,387.8 crore in the fourth quarter of last year. The company has seen a strong growth in profits due to double digit growth in interest income, non-interest income and pre-provisioning operating profits.

The company’s interest income grew 11 per cent to Rs 7,555 crore in the fourth quarter of FY 2021 from Rs 6,807.7 crore in the March quarter of FY 2020. The bank’s net interest margin increased by 1 basis point to 3.56 per cent in the fourth quarter.

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