Here are the five stocks on traders' radar-:
Team Lease: March quarter profit fell 15% (QoQ) to ₹19.6 crore against ₹23.1 crore. EBITDA performance was however was in-line. Kotak Institutional Equities retains a ADD on the stock and also raised the target price to ₹3,950 from ₹3,775 earlier.
Bata: Q4FY21 numbers were in-line expectations. Its consolidated revenue from operations declined by 4.9% YoY to ₹590 crore. Net profit fell by 23.3% to ₹29.5 crore.
JSW Steel: Bulish trend continues on the metal space. May crude steel production rose 10% to 1.37 mt YoY. Capacity utilisation at 91%.
Indiabulls Housing Finance: This housing finance company is up 45% in one month, and the uptrend continues. State-owned Central Bank of India entered into a strategic Co-lending Partnership with Indiabulls Housing Finance Limited to offer housing loans under priority sector to homebuyers at competitive rates.
Varun Beverages: Traders remain bullish on this Pepsi bottler, even as the stock is up 20% in a month.