Overnight Digest: Stocks likely to be in focus on May 27

BSE Metal index gained 3 per cent, lifted up by Tata Steel, JSW Steel, NMDC, Vedanta, and Jindal Steel

The benchmark indices took a breather and broke the three-day losing streak to end in green with Nifty settling around the 16,200 level. At close, Sensex was up by 503.27 points or 0.94 per cent at 54,252.53 while Nifty was up by 144.40 points or 0.90 per cent at 16,170.20. About 1,712 shares have advanced, 1,509 shares declined, and 126 shares are unchanged. 

Among sectors, metal, IT, power, realty, bank, and oil & gas gained between 1 and 3 per cent whereas, in the broader markets, BSE Midcap index rose 1.4 per cent while BSE Smallcap climbed 0.78 per cent. BSE Metal index gained 3 per cent, lifted up by Tata Steel, JSW Steel, NMDC, Vedanta, and Jindal Steel.  

Watch out for these stocks for Friday's trading session -  

Apollo Hospitals - The shares of Apollo Hospitals depicted volatility, plunging 3 per cent in the first half of the trading session but rose up to 4.46 per cent in the second half. The enterprise reported a 42.9 per cent fall in Q4 net profit at Rs 97.01 crore versus Rs 169.89 crore. Its revenue went up by 23.7 per cent at Rs 3,546.4 crore versus Rs 2,868 crore on a YoY basis. Earnings before interest, tax, depreciation & amortisation (EBITDA) improved 12.5 per cent to Rs 463.24 crore as compared to Rs 411.83 crore while its margin stood at 13.06 per cent in comparison to 14.36 per cent on a YoY basis.  

HCL Technologies - The company has signed an end-to-end IT services transformation agreement with VELUX Group, a leading manufacturer of roof windows. HCL Technologies will deliver a cloud-first, user-centric digital transformation programme for VELUX Group, adopting business-driven automation to modernise its applications and infrastructure landscape. This will help in accelerating VELUX Group’s digital transformation journey, underpinned by cloud migration and application modernisation.  

Torrent Pharma - The shares of this pharma company rallied 10 per cent to Rs 2,870 during Thursday’s trading session after the board recommended the issue of bonus shares in the ratio of 1:1 i.e. one equity share for each fully paid-up equity share held as on record date fixed for the purpose. Besides, the board has also declared a final dividend of Rs 23 (460 per cent) per equity share of Rs 5 each including the special dividend of Rs 15 per equity share. It closed 10.24 per cent up at Rs 2,904.3 per share.  

AIA Engineering - The shares jumped 9 per cent to Rs 1,998.50 after the company reported 45 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 194.6 crore in March quarter, due to healthy operational revenue. The total income from operations improved 27 per cent on a YoY basis, recording Rs 1,093 crore. EBITDA margin expanded 182 basis points (bps) on a YoY basis as against 21 bps sequentially at 24.2 per cent. It closed 9.29 per cent up at Rs 2,060 per share on BSE.