Stocks in news: BPCL, Gland Pharma, PB Fintech, Ashok Leyland, Biocon

The Nifty futures contract traded on the Singapore Exchange indicates a positive start for domestic equities. The contract was trading at 18,358.50, up 23 points or 0.13% from the previous close.

Here's a slew of stocks that will be in focus today for various reasons

BPCL
Refining major BPCL Ltd posted 168% growth in its consolidated net profit at Rs 6,780 crore for the three months ended March. Revenue from operations during the reporting quarter rose 8% to Rs 1.33 lakh crore.

Gland Pharma
Foreign investor Morgan Stanley has sold about 0.58% stake in Gland Pharma through open market transactions on Monday.

Read more: What changed the market while you were sleeping

PB Fintech
PB Fintech, the parent company of Policybazaar, reported sharp narrowing of losses in the fourth quarter at Rs 8.9 crore. Revenue from operations jumped 61% year-on-year to Rs 869 crore for the January-March period.

Gujarat Alkalies and Chemicals
Gujarat Alkalies and Chemicals posted net profit of Rs 71 crore for the quarter ended March. Revenue for the quarter stood at Rs 1,138 crore.

ITI
ITI has secured an advance purchase order worth Rs 3,889 crore from BSNL for its 4G rollout.

Spencer
Spencer posted a net loss of Rs 61 crore in the fourth quarter. Revenue during the same period stood at Rs 543 crore.

JSW Steel
NCLT has approved the resolution plan of JSW Steel arm JSW Steel Coated Products in relation to the corporate insolvency resolution process of National Steel and Agro Industries.

Dhanlaxmi Bank
Dhanlaxmi Bank has reported a net profit of Rs 38 crore in the March quarter. NII for the quarter stood at Rs 115 crore.

Shree Cement
Shree Cement posted a net profit of Rs 546 crore in the three months ended March period. Revenue from operations came in at Rs 4,785 crore in the same period.

Indiabulls Housing Finance
Indiabulls Housing Finance net profit rose 14% to Rs 262 crore for the fourth quarter. NII for the quarter was up 13% to Rs 734 crore.

Ashok Leyland, NMDC, Biocon, JSW Energy, Amararaja Batteries
Shares of Ashok Leyland, NMDC Biocon, JSW Energy, and Amararaja Batteries will be in focus today as the companies will announce their fourth quarter results today.