Stocks to Watch: SpiceJet, Tata Motors, RVNL, PVR Inox, Vedanta, Hero MotoCorp, and Others

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Stocks to Watch: SpiceJet, Tata Motors, RVNL, PVR Inox, Vedanta, Hero MotoCorp, and Others


Stocks to watch at present: The Nifty futures contract traded on the Singapore Exchange signifies a damaging begin to home equities. The contract was buying and selling at 18,261.50, down 62.5 factors or 0.34% from the earlier shut.

Q4FY23 earnings: Pfizer, PVR Inox, Kalyan Jewellers India, Suryoday Small Finance Bank, Tube Investments of India, Asahi India Glass, Century Plyboards (I), Astral, Cantabil Retail India, Coromandel International, Goodluck India, HIL, Patel Engineering, PCBL, Procter & Gamble Health, SJS Enterprises, Skipper, Subex, Ugro Capital, Uttam Sugar Mills, Vesuvius India.

Adani Enterprises, Adani Transmission: The two Adani Group firms have introduced plans to elevate up to Rs 21,000 crore from the market. While Adani Transmission stated its board has accepted a plan to elevate up to Rs 8,500 crore from the inventory market, Adani Enterprises stated that its board has accepted plans to elevate up to Rs 12,500 crore through QIP.

Adani Green Energy: The renewable vitality firm has rescheduled its Board Meeting, that was to be performed on May 13, to May 24, citing ‘certain exigencies’. The Board assembly is scheduled to contemplate and approve the proposal to elevate funds. Meanwhile, Adani Transmission, Adani Total Gas, and Adani Green will exit ASM (Additional Surveillance Measure) framework on Monday.

SpiceJet: After Wilmington Trust SP Services, Sabarmati Aviation Leasing, and Falgu Aviation Leasing, one other lessor GY Aviation Lease has approached aviation regulator DGCA for the deregistration of two extra Boeing 737-8 plane of the airline.

Kirloskar Ferrous Industries: The firm has knowledgeable the exchanges that after completion of routine upkeep work, the business operations of the Mini Blast Furnace of the corporate, located at Hiriyur, Karnataka, have been resumed with impact from May 11, 2023.

Rail Vikas Nigam: A Rail Vikas Nigam-SCC Infrastructure three way partnership has obtained the letter of award for a mission value Rs 2,248.94 crore to plan, design and building of most important canal and buildings in Rajasthan. RVNL has 51 per cent share within the three way partnership.

Vedanta: The firm accepted capex of $296 million in Cairn Oil and Gas operations. Besides, Sonal Shrivastava has been appointed because the chief monetary officer, efficient June 1, 2023; Navin Agarwal has been appointed as whole-time director from Aug. 01, 2023 to July 31, 2028; and Priya Agarwal as non-executive director from May 17, 2023 to May 16, 2028.

Hero MotoCorp: India’s largest two-wheeler firm has introduced partnership with Motosport SA for the sale and service of its bikes and scooters in Costa Rica.

Avenue Supermarts: Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday, reported a rise of seven.81 per cent in its consolidated web revenue at Rs 460.10 crore for the fourth quarter ended March 31, 2023. Its income from operations was up 20.57 per cent to Rs 10,594.11 crore throughout the quarter below evaluate.

Tata Motors: The Tata Group firm posted a web revenue of Rs 5,408 crore in Q4FY23 as in opposition to a web lack of Rs 1,033 crore within the corresponding quarter in FY22, using on 35 per cent year-on-year (YoY) development in consolidated revenues to Rs 1.059 trillion. The fourth quarter was one of many strongest for the corporate with consolidated revenues beating the Bloomberg estimate of Rs 1.02 trillion, earnings earlier than curiosity, tax, depreciation and amortisation (Ebitda) coming in at Rs 1.41 trillion, and a web auto debt discount of Rs 13,800 crore.

DLF: Realty main DLF, submit market hours on Friday, reported a 40 per cent improve in its consolidated web revenue to Rs 570 crore throughout Q4FY23 vs Rs 405 crore within the year-ago interval. Company’s income from operations was down by 5.9 per cent and stood at Rs 1,456.06 crore in This autumn FY23.

Dish TV: Direct-to-home agency Dish TV India Ltd has reported a consolidated web lack of Rs 1,720.62 crore for the fourth quarter that ended on March 31, 2023, primarily on account of impairments and deferred tax legal responsibility. Its income from the operation was down 21.45 per cent to Rs 504.82 crore.

Indraprastha Gas: The metropolis gasoline distributer has reported a web revenue of Rs 329.13 crore – a decline of 8 per cent in contrast to Rs 363.08 crore within the corresponding interval final yr. At Rs 3,687.2 crore, the corporate’s income from operations registered a pointy improve of 53 per cent YoY.

Hindustan Petroleum Corporation: The oil advertising and marketing firm has reported a nine-year excessive quarterly standalone revenue at Rs 3,223 crore for quarter ended March FY23, rising 80 per cent over a year-ago interval, pushed by wholesome working efficiency. Revenue for the quarter (together with excise responsibility) stood at Rs 1.14 trillion, registering development of 8.7 per cent over the corresponding interval of earlier yr. Separately, the corporate stated it is going to incorporate an entirely owned subsidiary to consolidate all inexperienced and rising enterprise alternatives below one umbrella.

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