Article Republished By Javier Troconis
Nifty futures on the Singapore Exchange traded 204 points, or 1.24 per cent lower at 16,216, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today’s trade:
SRF, UPL, Dalmia Bharat: SRF, UPL, Piramal Enterprises, Dalmia Bharat, Vedant Fashions, Central Bank of India, GNFC, BASF India Suven Pharmaceuticals, PVR, Godrej Agrovet, KEI Industries, Craftsman Automation, Infibeam Avenues, Aarti Drugs, CMS Info Systems, Borosil and Mold Tek Packaging are among the companies which will announce their earnings today.
Campus Activewear: India’s largest sports and athleisure footwear brand will make its debut on the bourses on Monday. Its IPO was open for subscription between April 26-28 as the company raised Rs 1,400.14 crore by selling its shares in the range of Rs 278-292 per equity share. The issue was overall subscribed 51.75 times.
Reliance Industries: Billionaire Mukesh Ambani’s conglomerate reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. The oil-to-retail-to-telecom conglomerate’s consolidated net profit rose to Rs 16,203 crore in the quarter ended March 31, 2022 from Rs 13,227 crore.
HCL Technologies: The IT services company’s UK-based subsidiary has acquired Switzerland-based digital banking and wealth management specialist Confinale AG, for 53 million CHF (Swiss Francs). The said acquisition is likely to be completed by July 1, 2022.
Federal Bank: The Kochi-based bank private lender reported its highest quarterly net profit at Rs 540.54 crore for the March 2022 quarter, up 13.13 per cent year-on-year, on improved asset quality and higher loan sales. It also guided towards 15 per cent asset growth and matching deposit mop-up this fiscal.
Tata Power: The Tata Group’s power arm has reported an over 31 per cent rise in its consolidated net profit to Rs 632.37 crore in the March 2022 quarter, mainly on the back of higher revenues. Its consolidated net profit was Rs 481.21 crore in the year-ago quarter
L&T Infotech, MindTree: Aiming at bigger deals from clients looking for digital services, L&T Group announced a merger of L&T Infotech and Mindtree, which will create the country’s sixth largest information technology company with combined revenue of $3.5 billion.
Macrotech Developers: The realty firm will invest Rs 3,800 crore this fiscal year on construction of its various ongoing and new projects as it has set a target to deliver 10,000 homes by next March. The company, which got listed last year by raising Rs 2,500 crore through its Initial Public Offer (IPO), markets its product under the Lodha brand.
Cholamandalam Investment and Finance Company: The Chennai-based Murugappa Group company has reported a 183.9 per cent jump on its profit after tax for the quarter ending March 31, 2022 at Rs 690 crore. It had clocked profit after tax at Rs 243 crore during the corresponding period last financial year.
Intellect Design Arena: The cloud native, multi-product financial technology company, has recorded a 28.11 per cent rise on its revenue for the quarter ending March 31,2022 at Rs 509.4 crore. It had recorded total revenue at Rs 397.6 crore during same period previous year. Net profit during the quarter under review was at Rs 95.3 crore up by 18.2 per cent.
DCB Bank: The private sector lender posted a 44.87 per cent rise in its net profit at Rs 113 crore for the quarter ended March 2022. The bank had registered a net profit of Rs 78 crore in the same quarter a year ago.
Go Fashion (India): The apparel maker reported a 72.75 increase in its net profit at Rs 12.30 crore for the fourth quarter ended March 2022, helped by increased cost efficiencies. The company, which retails women’s bottom-wear under the brand “Go Colors”, had posted a net profit of Rs 7.12 crore in the January-March quarter a year ago.
Happiest Minds Technologies: The mid-sized software firm said has reported 44.5 per cent rise in net income at Rs 52 crore for March quarter, on a 39 per cent growth in revenue amid record high attrition that has almost doubled over the previous fiscal year. During the quarter, its revenue rose to Rs 310 crore, clipping at 38.8 per cent year-on-year.
Great Eastern Shipping: The shipping firm reported a 285.71 per cent jump in consolidated net profit to Rs 189 crore for the quarter ended March. The company had posted a net profit of Rs 49 crore in the year-ago period.
Shanthi Gears: The Tamil Nadu-based gear and gear products manufacturer reported a 29.72 per cent rise in its profit for the quarter ending March 31, 2022 at Rs 12.22 crore. The part diversified conglomerate Murugappa Group had registered net profits at Rs 9.42 crore during corresponding period last year.
Bajaj Consumer Care: The FMCG firm reported 34.47 per cent decline in its consolidated net profit to Rs 35.82 crore for the fourth quarter ended March 2022. The company had reported a net profit of Rs 54.67 crore in the January-March quarter a year ago, Bajaj Consumer Care, a part of the Shishir Bajaj Group.
CSB Bank: The private lender reported a multi-fold jump in its net profit at Rs 130.67 crore in the quarter ended March 2022. The private sector lender had posted a net profit of Rs 43 crore in the same quarter a year ago.
Lupin: The pharma major said it has received approval from the US health regulator to market its generic version of Pregabalin capsules used for the treatment of pain caused by nerve damage due to diabetes or shingles infection.
Shipping Corporation of India: The government is likely to invite financial bids for SCI by September, after the process of demerger of non-core assets is completed. As part of the strategic-sale process, the government is hiving off Shipping House and the training institute and some other non-core assets of Shipping Corporation of India (SCI).
Hariom Pipe Industries: The recently listed company recorded a 44.5 per cent year-on-year growth in profit at Rs 9.77 crore in quarter ended March 2022 despite higher input cost and power & fuel expenses, led by a strong topline. Revenue grew by 33 per cent to Rs 124.2 crore in the same quarter.
SJVN: The state run utility player has bagged a 90 MW floating solar project worth Rs 585 crore at Omkareshwar, in Madhya Pradesh. SJVN will develop this project in the country’s largest floating solar park at Omkareshwar in Khandwa District of Madhya Pradesh.
Reliance Home Finance: The debt-laden reported ballooning of its net loss to Rs 4,522.19 crore for the quarter ended March 2022. It had posted a net loss of Rs 444.62 crore in the same period a year ago.
Future Enterprises: The debt-ridden Future Group firm expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt, which may save the company from facing the rigour of the insolvency process.