LIC, Bharti Airtel, Indian Oil and other stocks that moved most on May 18

The BSE Sensex closed 109.94 points or 0.20% lower at 54,208.53. During the day, it touched a high of 54,786 and a low of 54,130.89. The broader NSE Nifty slipped 19 points or 0.12% to close at 16,240.30.

On the sectoral front, FMCG and pharma ended higher, while selling was seen in the bank, capital goods, realty, IT, metal PSU Bank and oil gas indices.

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Here are the key stocks that moved the most on May 18:

Life Insurance Corporation of India: LIC shares closed 0.05% down at Rs 874.75. Shares of the Insurance giant clocked mild gains in the morning, a day after the stock made a lacklustre debut in the secondary market.

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Indian Oil Corporation: The stock fell 4.98% to close at Rs 118.20 after the company reported a 31.4% decline in its net profit for the March quarter of fiscal 2022 to Rs 6,022 crore. While the net profit declined sequentially, the company reported the highest ever net profit for the year ended March 2022. The state-run oil marketing company reported revenue of Rs 2,06,461 crore during the reported quarter as compared with Rs 1,63,733 crore posted in the corresponding quarter of the previous financial year.

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Bharti Airtel: The share ended 1.78% to close at Rs 694.45 after the telecom major reported a 165% growth in consolidated net profit at Rs 2,008 crore for the fourth quarter of fiscal 2021-22 as against Rs 759 crore reported in the year-ago period, on the back of higher exceptional item of Rs 906 crore. Sequentially, the profit has jumped 142% from Rs 830 crore earned during the October-December quarter. Consolidated revenue grew 22% YoY to Rs 31,500 crore as against revenue of Rs 25,747 crore logged in the year-ago quarter.

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Ruchi Soya Industries: The share price jumped 10% to finish at Rs 1,192.15 after the board of directors of the company approved a business transfer agreement (BTA) with Patanjali Ayurved (PAL) to acquire the food retail business undertaking of Patanjali which consists of manufacturing, packaging, labelling and retail trading of certain food products along with manufacturing plants located at Padartha, Haridwar, and Newasa, Maharashtra, as a going concern on a slump sale basis.