Stocks in news: SBI, Apollo Tyres, Axis Bank, Havells India and more
Stocks in news: SBI, Apollo Tyres, Axis Bank, Havells India, HPCL, Den Networks, JK Lakshmi Cement and more
BusinessToday.In | May 21, 2021 | Updated 09:03 IST
Stocks to watch out for: SBI, Apollo Tyres, Axis Bank, Havells India, HPCL, Den Networks, JK Lakshmi Cement, Garware Hi-Tech Films, Union Bank, Suzlon Energy
Sensex and Nifty were likely to open higher today as Nifty futures on the Singapore Exchange rose 127 points, or 0.85 per cent at 15,065. On Thursday, benchmark indices closed lower led by losses in index majors HDFC Bank, Reliance Industries and ICICI Bank amid weak global cues. Sensex ended 337.78 points lower at 49,564 and Nifty declined 124 points to 14,906.
Here are the top stocks that are likely to be in focus today:
Earnings Today: SBI, Hindalco, Shree Cement, JSW Steel, Aarti Surfactants, Crompton Greaves Consumer Electricals and United Spirits are among 49 companies scheduled to post quarterly numbers today. A healthy net interest income growth, coupled with strong recoveries and fewer provisions and aided by low base of the previous year, may help State Bank of India (SBI) to report robust March quarter (Q4FY21) numbers, analysts say.
Sugar stocks: Shares of sugar firms are likely to be in focus today after the Centre on Thursday slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices.