Let’s quickly look at the top stock market developments making headlines today. From major investments and earnings to order wins and regulatory updates, here are the key stocks expected to be in focus:
Stock Market On May 20
HFCL
HFCL has secured a purchase order worth Rs 173.72 crore for locally manufactured telecom networking equipment. The order is for the 5G infrastructure of a major Indian telecom operator.
DLF
DLF reported a 39.3% rise in net profit, reaching Rs 1,282.2 crore in the March quarter, compared to Rs 920.7 crore in the same period last year. Revenue jumped 46.5% to Rs 3,127.6 crore. The board has also approved a Rs 6 per share dividend for FY25.
IndusInd Bank
IndusInd Bank may come under investor scrutiny today following a Reuters report that SEBI is probing six officials over alleged insider trading. The officials reportedly sold stock options while allegedly being aware of accounting irregularities.
Bharat Electronics Limited (BEL)
BEL posted an 18.4% increase in consolidated net profit at Rs 2,127 crore for Q4, up from Rs 1,796.7 crore last year. Revenue also grew 6.8% to Rs 9,149.6 crore, which could positively impact the stock in today’s session.
Le Travenues Technology (Ixigo)
Saif Partners India IV offloaded a 1.1% stake in Ixigo, selling shares at an average price of Rs 178 each.
