LIC, Cipla, Oil India and more; stocks to watch ahead of Monday’s trading session

Here are some key stock updates that could impact the market:

Cipla: The pharmaceutical giant announced that its manufacturing facility in Virgonagar, Bengaluru, has received a Voluntary Action Indicated (VAI) status from the USFDA, signaling no critical compliance concerns.

Bharat Heavy Electricals Limited (BHEL): The company secured a Letter of Intent (LoI) from Rajasthan Part I Power Transmission for the BF800 HVDC Project. Additionally, it received a Letter of Award (LoA) worth approximately ₹8,000 crore for a thermal power station project from Maharashtra State Power Generation.

Bharat Electronics (BEL): The defense electronics firm won contracts worth ₹962 crore, including a ₹610 crore deal to supply electro-optical fire control systems to the Indian Navy.

LIC: The insurer’s new business premium dropped 21% year-on-year to ₹43,075 crore for the December quarter. Its Annualized Premium Equivalent (APE) fell 24% to ₹9,950 crore, with retail APE declining 27% to ₹6,449 crore.

NHPC: The hydropower company reported a sharp 52.5% drop in net profit to ₹231 crore. However, revenue rose 11.3% to ₹2,286.8 crore. EBITDA surged 35.8% to ₹1,021.5 crore, with margins at 44.7%.

Oil India: The state-run oil company posted a 33.4% decline in net profit to ₹1,221.8 crore. Revenue dipped slightly by 0.1% to ₹5,239.6 crore, while EBITDA slipped 2.3% to ₹2,132.7 crore, with a margin of 40.7%.

L&T Finance: The company announced plans to acquire the gold loan business of Paul Merchants Finance for ₹537 crore, strengthening its position in the lending sector.

Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Please consult a certified investment expert before making any financial decisions.