February 28, 2021

Power Grid, Axis Bank, Hero MotoCorp, Bank of India, Coal India

Stocks to watch today: Here is a list of the best stocks to focus on in Tuesday’s trading session based on the latest developments. Investors are also looking forward to the December quarterly returns scheduled for today. HDFC, Ajantha Pharma, Balrampur Cine Mills, Corporanda Universal, Tambur Sugar Mills, Dixon Technologies, Escorts are all set to announce their earnings.

Share Stock News Live: Sensex close to 50,000; Nifty jumps 200 points; Airtel, ONGC, M&M are the most profitable

Power Grid Corporation: The company has been declared a successful bidder for a project to strengthen the transmission system to discharge electricity from solar panels in Rajasthan.

Print Bank: Crisil Ratings Axis Bank has reaffirmed its ‘Crisil AAA / Stable, Crisil AA + / Stable / Crisil A1 +’ ratings on credit instruments.

Hero MotoCorp: The company’s sales in January 2021 fell 3.14% to 4,85,889 units from 5,01,622 units. Domestic sales were down 4.15 per cent at 4,67,776 and exports were up 33.6 per cent at 18,113.

Bank of India: The bank has declared five NBA accounts, including Cox & Kings and Era Infra Engineering, as frauds worth Rs 148.03 crore.

Coal India: Coal production in January 2021 was 60.5 million tonnes, up from 63.1 million tonnes in January 2020. The company’s output fell to 55.9 million tonnes from 53.9 million tonnes.

Eicher Motors: The company sold 68,887 units of Royal Enfields in January 2021 and 63,520 units in January 2020.

NMDC: The company reported production of 3.86 million tonnes in January 2021, up from 3.31 million tonnes in January 2020. The company had sales of 3.74 million tonnes, compared to 2.96 million tonnes in the same period last year.

Orton Engineering: The company received a total of Rs 54.91 crore in modified procurement orders (POs).

Castrol India: The company had posted a net profit of Rs 1,857.9 crore on Q3FO21 from Rs 1,857.9 crore in the year-ago period, while its revenue rose to Rs 2,997 crore from Rs 935.2 crore.

PVR: The company has set a release price of Rs 1,440 per share for QIP and raised Rs 800 crore.

Today’s results: HDFC To declare their quarterly earnings.