Stocks to Watch. (Photo: Bloomberg)
Stocks to Watch. (Photo: Bloomberg)

Stocks to Watch: Coal India, GMR Infra, IDBI Bank, BHEL, Eros International

  • Coal India, IDBI Bank, Syndicate Bank, BHEL, BEML Ltd, GIC Housing Finance to announce fiscal Q3 results today

New Delhi: Here is a list of top 10 stocks that may be in focus on Tuesday:

Coal India: The state-owned coal mining and refining company will announce its earnings for the quarter ended December later today. Separately, GIC Housing Finance Ltd will also release its financial results for Q3 of the current financial year ending March.

GMR Infra: GMR Airports Ltd, a subsidiary of GMR Infrastructure Ltd, on Monday announced that it has bagged the concession commencement date to design, construct, finance, operate and maintain the new international airport of Heraklion at Crete, Greece. GMR Airports, along with its Greek partner GEK TERNA, had signed the concession agreement in February 2019.

Oil India: The state-owned company on Monday declared an interim dividend of 9 per share, equivalent to 90% of paid-up capital, for the financial year 2019-20. The dividend will be paid on or before 10 March 2020, the firm said in a regulatory filing.

IDBI Bank: The state-owned bank, now a subsidiary of Life Insurance Corporation of India, will today report its results for the three months ended December. Separately, another public-sector lender Syndicate Bank will also announce it earnings for the quarter.

Eros International: Eros International Plc announced the appointment of Pradeep Dwivedi as chief executive officer of its majority-owned subsidiary Eros International Media Ltd. Dwivedi will manage business growth and operations and will oversee all commercial negotiations, representations in various markets, forums, customers, vendors and regulatory authorities.

BHEL: The state-owned company will post its numbers for the December quarter today. Separately, another public-sector heavy-equipment making company BEML Ltd will announce its earnings for the third quarter.

Bombay Dyeing: The company reported a net profit of 162.4 crore for the December quarter, compared with a loss of 159.3 crore in the same period last year. Its revenue from operations fell 8.6% year-on-year to 377.7 crore during the third quarter.

Union Bank: The public-sector lender may recover and upgrade loans worth 3,000 crore in the current quarter ending March, taking total recoveries for this fiscal to 8,000 crore, the bank’s chief executive officer Rajkiran Rai G said on Monday. The bank has recovered around 4,910 crore during April-December of this financial year.

Chalet Hotels: The hospitality company’s net profit jumped a sharp 126% year-on-year to 33.4 crore during the December quarter. Revenue from operations also rose 12.4% from the year-ago period to 278.1 crore.

IOL Chemicals: The company’s net profit increased 19.5% year-on-year to 98 crore in the third quarter ended December. Revenue from operations during the quarter also rose 6.9% from the same period last year to 511.2 crore.

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