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 DR REDDYS

The first batch of Sputnik V reached Hyderabad. 1.5 lakh doses have reached Hyderabad in the first batch.

Focus on MAX HEALTHCARE

The Covishield dose is expected to cost Rs 800-900.

APOLLO HOSPITALS

The price of one dose of Covaxin is fixed at Rs 1,200. The price of Covishield dose is 800 rupees, which will be 200 hospital charges.

Focus on FORTIS

The price of Covaxin is fixed at Rs 1250 per dose.

NATCO in focus

Covid’s drug has sought approval for Phase-3 trial of Molnupiravir. Approved use of emergency use from DSCO.

Tech Mahindra in focus

Preparations for Covid’s drug patent are underway. Patented with Reagene Biosciences. Has initiated a patent process for a drug molecule.

MOIL in focus

From May 1, the prices of all grades of ferro, fine and chemical have been reduced by 5%.

Focus on INDUSIND BANK

IndusInd Bank has reported on April that the bank’s standalone profits for the quarter ended March 2021 showed a year-on-year growth of 190.2 per cent to Rs 875.95 crore. This jump in profit has been seen due to the decline in provisioning in the fourth quarter. The company’s profit was Rs 301.84 crore in the same quarter last year.

In the fourth quarter, the bank’s interest income grew 9.4 per cent year-on-year to Rs 3,534.61 crore as against Rs 3,231.19 crore in the same quarter last year.

The bank’s fourth quarter results have remained largely predictable. The CNBC-TV18 poll estimated IndusInd Bank’s profit at Rs 875.4 crore and interest income at Rs 3,485.9 crore in the fourth quarter. The bank’s provisioning for the fourth quarter stood at Rs 1,865.69 crore, down 23.5 per cent year-on-year while 0.7 per cent higher on a sequential basis.

The bank’s asset quality declined slightly in the fourth quarter. During this period, gross NPA was up 93 basis points to 2.67 per cent on a quarterly basis, and net NPA was up 47 basis points to 0.69 per cent on a quarterly basis.

Focus on YES BANK

YES Bank’s March quarter results of the private sector have been weaker than expected. In the fourth quarter of fiscal year 2021, the bank’s loss increased more than expected to Rs 3,787.75 crore. The bank has incurred this loss due to loan loss provisioning and net interest income decreasing. The loss of Yes Bank in the same quarter a year ago was Rs 3,668.33 crore.

The bank’s interest income declined 22.5 per cent to Rs 986.7 crore in the March quarter. It was Rs 1,273.70 crore in the March quarter a year ago. On a year-on-year basis, the bank’s loan declined by 2.7 per cent to Rs 1.66 lakh crore. During this period, the bank’s net interest margin declined 0.30 per cent year-on-year to 1.6 per cent on a year-on-year basis. The bank’s deposits have increased during the March quarter. The bank’s deposits grew 54.7 per cent to Rs 1.62 lakh crore in the fourth quarter.

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