Stocks to watch on May 17: The Nifty futures contract traded on the Singapore Exchange signifies a unfavorable begin to home equities. The contract was buying and selling at 18,293, down 36.5 factors or 0.20% from the earlier shut.
Q4FY23 earnings on May 17
Jindal Stainless, Jindal Saw, Quess Corp, JK Tyre & Industries, Thermax, Deepak Fertilisers & Petrochemicals Corporation, Endurance Technologies, Teamlease Services, Sterlite Technologies, Jubilant Foodworks, SKF India, Honeywell Automation India, Sheela Foam, Glaxosmithkline Pharmaceuticals, Timken India, Devyani International, Zydus Wellness, Railtel Corporation Of India, Restaurant Brands Asia, Eris Lifesciences, Sanghi Industries, MTAR Technologies, Anup Engineering, Electrosteel Castings, Hester Biosciences, JSW Ispat Special Products, Jyoti Resins & Adhesives, MM Forgings, Paradeep Phosphates, Permanent Magnets, REC, Sandur Manganese & Iron Ores, Shivalik Bimetal Controls, Thirumalai Chemicals, Vaibhav Global, Whirlpool Of India.
Bharti Airtel: The telecom providers supplier, after market hours on Tuesday, reported a 14.3 per cent rise in its income for the quarter that ended on March 31, to Rs 36,009 crore from Rs 31,500 crore in the identical quarter in 2021-22. Its India enterprise resported a 12.2 per cent rise within the income to Rs 25,250 crore within the quarter. Moreover, Bharti Airtel reported a 49.2 per cent leap in its consolidated internet revenue to Rs 3,005.6 crore.
LIC Housing Finance: The housing finance firm reported a year-on-year leap of 5.5 per cent in its consolidated internet revenue in Q4FY23, which got here in at Rs 1,180.3 crore. Its internet curiosity earnings (NII) grew 22.1 per cent and was Rs 1,990.3 crore for the March quarter. The Board has beneficial dividend of Rs 8.5 per share.
Indian Oil Corporation: State-run oil advertising and marketing firm posted a 54.8 per cent year-on-year leap in its internet revenue at Rs 10,289.8 crore for the March quarter on the again of an increase in gross refining margins.
V-Mart Retail: The retail firm reported whole earnings of Rs 601.44 crore for the March quarter, up 30 per cent YoY. It, nonetheless, posted internet lack of Rs 36.95 crore for the interval as towards internet lack of Rs 2.61 crore reported final 12 months.
Triveni Turbine: The firm’s internet revenue surged 68.2 per cent on 12 months to Rs 55.51 crore for the interval ended March 31, 2023 as towards internet revenue of Rs 33.01 crore posted final 12 months. Its whole earnings additionally swell 54 per cent YoY to Rs 382.24 crore in the course of the interval.
Jindal Steel and Power: JSPL’s consolidated internet revenue plunged 69.5 per cent YoY to Rs 465.66 crore in the course of the January-March quarter in contrast to Rs 1,527.04 crore recorded in the course of the year-ago quarter.
Oberoi Realty: Real-estate developer Oberoi Realty, on Tuesday, posted a consolidated internet revenue of Rs 480 crore for the March quarter. This is 106 per cent rise from Rs 232 crore a 12 months in the past, the corporate assertion stated. The firm’s consolidated income from operation rose by 16.76 per cent to Rs 961 crore in contrast to Rs 823 crore within the year-ago interval.
Paras Defence and Space Technologies: It posted internet revenue of Rs 10.76 crores for the quarter ended March, 2023, up 4.5 per cent towards internet revenue of Rs 10.30 crore seen final 12 months. The firm’s whole earnings rose 5 per cent YoY to Rs 65.85 crore.
Vodafone Idea: Vodafone Group Plc has stated it values its funding in Vodafone Idea Ltd. at nil, indicating that the UK-based telecom operator has little interest in salvaging its three way partnership in India. “The group is recording no additional share of losses in respect of VIL,” Vodafone Group Plc stated within the notes to its FY23 preliminary outcomes launched on Tuesday.
Adani Group: The Supreme Court will, on Wednesday, hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenburg report issue and the Sebi’s plea for an extension of time to submit the report, ANI has reported. The apex court, on Monday, adjourned the hearing on the Sebi plea seeking a six-month extension to conclude the investigation in the Hindenburg Research’s report.
Paytm: One 97 Communications Ltd, the parent firm of Paytm, on Tuesday, appointed Bhavesh Gupta, senior vice president as President and Chief Operating Officer (COO) of the fintech major.
Hero MotoCorp, Bajaj Auto: According to studies, the Department of Heavy Industry seeks to convey down the subsidy supplied on electrical two-wheelers, below FAME II scheme, from the prevailing Rs 15,000 per KW to Rs 10,000 per KW. Besides, the utmost cap on subsidy can also be anticipated to be introduced down to 15 per cent of the MRP from the present 40 per cent. The quantity saved from the capping of the subsidy, one other report stated, may very well be used to present extra allocation value Rs 1,500 crore in direction of FAME II scheme for the present fiscal 12 months.
Disclaimer:Disclaimer: The views and funding ideas by specialists on this News18.com report are their very own and not these of the web site or its administration. Users are suggested to examine with licensed specialists earlier than taking any funding choices.
