Stocks in news: Coal India, Marico, Fino Payments Bank, L&T, Physicswallah

Markets remained volatile on Tuesday and ended lower amid mixed global cues and lingering geopolitical uncertainty. Technically, analysts say the lack of follow-through buying in the Nifty after the breakout above the 24,000 mark reaffirms the cautious undertone and expiry-related positioning. The choppiness is likely to continue on Wednesday as well due to the monthly expiry at the BSE. Immediate support is now placed near the 23,800 level, while the 24,300–24,500 zone may act as the next resistance band.

In today's trade, shares of Coal India, Marico, Fino Payments Bank, L&T, Physicswallah among others will be in focus due to various news developments.

Physicswallah, PC Jeweller, Swan Defence

Shares of Physicswallah, PC Jeweller and Swan Defence will be in focus as the companies will announce their fourth quarter results.

Brainbees Solutions
Brainbees Solutions narrowed its consolidated net losses to Rs 30.30 crore in the March-ended quarter versus Rs 77 crore in the year ago period, implying a 61% fall. The profit after tax (PAT) is attributable to the owners of the parent.

Coal India
Government of India will sell up to a 2% stake in Coal India Limited (CIL) through the offer for sale (OFS) route over May 27 and May 29, the state miner said on Tuesday in its filing to the exchanges. The floor price for the offer has been set at Rs 412 per equity share, a 10% discount from today's closing price of Rs 455.90 on the NSE.

Fino Payments Bank
Fino Payments Bank on Tuesday said the RBI has approved extension of tenure of Ketan Merchant as interim CEO for three months. In a stock exchange filing last week, Fino Payments Bank had said its board had approved extending the tenure of Merchant subject to regulatory approval.

Marico
Home-grown FMCG major Marico on Monday announced its entry into the hair cleansing segment by extending the coconut hair oil brand Parachute to the shampoo category. Through its Parachute 'Advansed Protein Shampoo', the Mariwala family promoted firm will compete in the hair cleansing (shampoo) segment.

L&T
Larsen & Toubro (L&T) on Tuesday said it has secured multiple orders in India, including a contract from JSW Utkal Steel Ltd and two projects from Inland Waterways Authority of India (IWAI).