Last Updated: May 10, 2023, 08:34 IST
Stocks to Watch Today: The May futures contract of Nifty 50 on the Singapore Exchange signifies a constructive/damaging begin for home equities. The contract was buying and selling at 18,346.50, up 35.5 factors or 0.19% from the earlier shut.
Results Today:
Larsen & Toubro, Dr Reddy’s Laboratories, Godrej Consumer Products, Bosch, Procter & Gamble Hygiene, Escorts Kubota, Sanofi India, and Max Financial Services, and a number of others are scheduled to launch their March quarter earnings right now.
Mankind Pharma: The pharmaceutical main’s shares listed on the bourses with a 20% acquire over the problem worth of Rs 1,080. Mankind Pharma ended its first session on the inventory exchanges with a hike of 32% on the day’s excessive.
Birla Corporation: Birla Corporation reported a 23.52% decline in consolidated web revenue to Rs 84.95 crore within the fourth quarter ended March 2023. It had posted a web revenue of Rs 111.08 crore within the year-ago interval.
Raymond: Raymond’s web revenue for Q4FY23 dropped by 26.2% at Rs 194.35 crore from Rs 263 crore on-year. The agency’s income from operations clocked in at Rs 2,150.18 crore, up 9.8% from Rs 1,958.10 crore within the fourth quarter of FY22. The agency is to increase Rs 2,200 crore by issuing NCDs.
Apollo Tyres: Apollo Tyres reported 276.73% rise in consolidated web revenue to Rs 427.4 crore. Revenue from operations elevated 12% on-year to Rs 6,247 crore. The firm’s board of administrators beneficial a last dividend of Rs 4 per share, together with a particular dividend of Rs 0.50 per share.
Lupin: Lupin’s income for the quarter ended March 2023 was Rs 4,430.08 on-year, a acquire of 14.09%. The firm reported a web revenue of Rs 235.96 crore in contrast to a web lack of Rs 517.98 crore within the corresponding quarter final 12 months. The board of administrators beneficial a dividend of Rs 4 for all fairness shares with the face worth Rs 2 every.
Nazara Technologies: Nazara Technologies acquired 19.50% of Next Wave Multimedia, an present subsidiary. Nextwave is a Chennai based mostly cellular gaming firm predominantly specializing in creating cellular video games within the sports activities style. The whole consideration for the cope with Rs 15 crore. The gaming agency reported a income of Rs 1,091.0 crore for FY23, up 75% from Rs 621.7 crore on-year.
Larsen & Toubro: The firm will launch its March quarter earnings right now. Analysts count on a double-digit development in each the topline and the bottomline on the again of wholesome execution and robust order e-book. The administration’s steering for gross sales and order influx development for FY24 will probably be carefully tracked by Dalal Street buyers. Besides, the standing of non-core belongings like Nabha energy, metro ridership and monetary help will probably be different key monitorables.
SpiceJet: Lessors have approached aviation regulator DGCA for deregistration of three planes of the airline. Many plane of the funds service are grounded due to numerous causes.
Gujarat Gas: The firm’s board is scheduled to meet right now to contemplate and approve the earnings for the quarter and the year-ended March, and advocate dividend payout.
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