Stocks to Watch: Wipro, Infosys, HUL, Axis Bank, SBI Life, RVNL, Union Bank, and Others

Stocks to Watch April 27: The Nifty futures contract traded on the Singapore Exchange signifies a detrimental begin to home equities. The contract was buying and selling at 17,867.50, down 46.5 factors or 0.26 per cent from the earlier shut.

Results Today:

Bajaj Finance: Consumer financier Bajaj Finance Ltd on Wednesday reported a 30 per cent year-on-year (y-o-y) rise in consolidated internet revenue to Rs 3,158 crore for the three months to March, owing to larger internet curiosity earnings. Net curiosity earnings (NII) elevated 28 per cent to Rs 7,771 crore within the March quarter of FY23, as towards Rs 6,061 crore in This fall of the earlier monetary yr. In FY23, the corporate added Rs 55,292 crore of core AUM. In This fall, Bajaj Finance stated it added 3.09 million new prospects to the franchise.

Voltas: Air conditioning maker Voltas Ltd on 26 April reported a decline of 21.6 per cent in its consolidated internet revenue to Rs 143.23 crore within the March 2023 quarter. The Tata group-owned agency in FY 2021-22, had posted a consolidated internet revenue of Rs 182.71 crore, the corporate stated in a regulatory submitting. However, the income from operations surged 11.5 per cent to Rs 2,936.76 crore throughout FY 2022-23 beneath evaluation as towards Rs 2,633.72 crore a yr in the past.

Rail Vikas Nigam Limited: Union Finance Ministry on Wednesday gave its approval to improve Rail Vikas Nigam Limited (RVNL) to Navratna Central Public Sector Enterprise (CPSE) from Category-I Miniratna. RVNL, a public sector endeavor beneath the Ministry of Railways, would be the thirteenth Navratna amongst CPSEs. This means the corporate can have extra autonomy by way of funding, organising joint ventures and different monetary choices.

HDFC Life: Leading life insurance coverage agency, HDFC Life posted a standalone PAT of Rs 358.66 crore in March 2023 quarter, rising by 13.8 per cent from Rs 315.22 crore within the previous quarter. The firm declared a dividend of Rs 1.90 per fairness share. The insurer closed the fiscal yr FY23 on a robust be aware delivering progress throughout all key metrics. However, year-on-year, the expansion in PAT was merely 0.31 per cent from a revenue of Rs 357.52 crore in This fall of FY22. HDFC Life witnessed double-digit progress in internet premium incomes which got here in at Rs 19,426.57 crore in Q4FY23, growing by 35.9 per cent YoY and 35.1 per cent QoQ.

Infosys: Infosys, the Indian IT big, Wednesday stated it has collaborated with Walmart Commerce Technologies to assist retailers leverage know-how options that simplify buyer and retailer worker experiences. The Bangalore-based IT big will assist retailers implement and use Store Assist, which permits them to present “seamless omnichannel experiences” such as pickup, delivery and shipping from stores for both employees and customers, Infosys said in a statement.

Union Bank of India: Public sector lender, Union Bank of India on Wednesday announced its fundraising plan of up to Rs 10,100 crore through public issues and bonds. Investors cheered Union Bank following the fresh capital raising as the stock rallied by nearly 2 per cent on BSE. Union Bank’s board of directors meeting was held on April 26. The decision for fundraising was made here. As per the regulatory filing, the bank’s capital plan should not exceed the amount of Rs 10,100 crore.

SBI Life: SBI Life Insurance Company records double-digit growth in both PAT and net premium incomes in the fourth quarter of FY23. SBI posted a 15.57 per cent growth in PAT to Rs 776.85 crore in Q4FY23, compared to a profit of Rs 672.15 crore in the same period a year ago. Net premium income soared by 14.1 per cent to Rs 19,896.92 crore versus Rs 17,433.77 crore in Q4 of the previous fiscal. Sequentially, SBI Life’s PAT skyrocketed by a whopping 155.43 per cent compared to Rs 304.13 crore recorded in December 2022 quarter.

KEC International: Infrastructure engineering, procurement and construction company KEC International said it has bagged new orders worth Rs  1,017 crore across its various businesses. The RPG group company’s transmission and distribution (T&D) business has secured an order for a 765 kV transmission line from a private developer in India. In the civil business segment, it has secured orders for industrial and residential projects in India. The company’s cable business has also secured orders for the supply of various types of cables in India and overseas.

Coffee Day Enterprises: The National Financial Reporting Authority (NFRA) has debarred a Karnataka-based auditor for 10 years, citing deficiencies in the FY20 statutory audit of Mysore Amalgamated Coffee Estates Ltd, a group entity of Coffee Day Enterprises Ltd, showed an official order. The audit regulator said its investigations showed that the auditor failed to meet the relevant requirements of auditing standards in a number of significant aspects and demonstrated a serious lack of competence.

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