Dr Reddy Labs, Ashok Leyland and other stocks that moved most on May 20
- Dr Reddy Labs surged 7.60% to close at Rs 4,228.00
- Ashok Leyland jumped 6.18% to close at Rs 130.50
- Hindustan Aeronautics surged 3.82% to close at Rs 1,750.10
The BSE Sensex rallied 1,534.16 points or 2.91% to close at 54,326.39. During the day, it surged 1,604.2 points or 3.03% to 54,396.43. The broader NSE Nifty gained 456.75 points or 2.89% to settle at 16,266.15.
The broader indices ended in green with the BSE Midcap index up by 1.98% and the Smallcap index up by 2.13%. On the sectoral front, the top gaining indices were Realty up by 4.22%, Metal up by 3.75%, Capital Goods up by 3.14%, Industrials up by 3.05% and Healthcare up by 3.04%, while there were no losing sectoral indices on the BSE.
Here are the key stocks that moved the most on May 20:
Dr Reddy Labs: The share price surged 7.60% to close at Rs 4,228.00 despite the company reporting a 76% year-on-year decline in consolidated net profit at Rs 88 crore, significantly below analysts’ expectations of Rs 677 crore, largely due to impairment of non-current worth Rs 751.5 crore. The company reported a 15% YoY rise in consolidated revenues from operations to Rs 5,437 crore.
Ashok Leyland: The stock jumped 6.18% to close at Rs 130.50 after the commercial vehicle maker reported a 274% YoY jump in net profit at Rs 901.4 crore for the fourth quarter. Total income came in at Rs 8,744.3 crore during the period, up 24.9% from Rs 7,000.5 crore in the corresponding quarter of the previous financial year. Its truck market share for the March 2022 quarter improved to 30.6% against 28.9% in the same quarter of previous financial year, the highest share seen in the last 11 quarters.
Hindustan Aeronautics: The share price surged 3.82% to close at Rs 1,750.10 after the company announced that the Type Certification of the first Indigenous Light Transport civil passenger aircraft 'Hindustan 228-201' was handed over today by the Directorate General of Civil Aviation (DGCA) to Transport Aircraft R&D Center, HAL Kanpur at DGCA HQ New Delhi. It said this was the first Type Certified fixed-wing aircraft in India complying with the latest FAR 23 certification requirement which is a major milestone towards the vision of building a new Atmanirbhar Bharat.
Godrej Consumer: The stock price fell 4.35% to close at Rs 761.00 after the firm reported a 1% decline in net profit to Rs 363 crore for the March 2022 quarter due to a slowdown in consumption and high commodity prices. Revenue surged 7% YoY to Rs 2,920 crore. Total cost surged 12% YoY to Rs 2,540 crore.
NTPC: The stock surged 0.91% to close at Rs 149.35 after the company reported a 14% growth in consolidated net profit at Rs 5,167 crore in the fourth quarter of the financial year 2022 compared with Rs 4,542 crore reported in the year-ago period. Consolidated revenue for the state-owned utility major surged 23% YoY to Rs 37,085 crore from Rs 30,103 crore in the year-ago period. The company board has recommended a final dividend of Rs 3 per share for fiscal 2022.