At the stock markets, the S&P BSE Sensex lost 338 points, or 0.68 per cent, to close at 49,565, on Thursday, May 20, 2021. The Nifty at the National Stock Exchange slid 124 points, or 0.83 per cent, to end at 14,906. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Friday, May 21, 2021. List of such five stocks:
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HPCL + Havells India + Torrent Power
HPCL: State-controlled Hindustan Petroleum Corp Ltd (HPCL) has reported a 28.2% QoQ rise in the profits at Rs 3,018 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 2,354.6 crore in the previous quarter ended December 31, 2021. Revenues went up 9% QoQ to Rs 74,843.4 as compared to Rs 68,659.2 crore posted in the previous quarter. EBITDA stood at Rs 4,666.4 crore, up 41.3% from Rs 3,301.5 crore posted in the December quarter. The EBITDA margins improved to 6.2% in Q4FY21 as compared to 4.8% posted in Q3FY21. Board recommended a final dividend of Rs 22.75 per share.GRM stood at $8.11/bbl. HPCL attributed the rise in profit to improvement in refinery margins helped by inventory gains and favourable exchange rate variations. It said, the company earned an inventory gain of Rs 4,051 crore and forex gains of Rs 142 crore in the fourth quarter. It earned an inventory gain of $4.61/bbl. HPCL will have a CapEx of Rs 14,500 crore in FY22.