Here is a list of 10 stocks to look out for today:
Reliance Industries: Oil-to-Telecom Group today announced its March quarter earnings. India’s most valuable company has projected year-on-year growth in net income of at least 40% in the March quarter. At the same time profits will rise by 30-100%.
Mahindra & Mahindra: Mahindra Group has begun restructuring to split its primary automobile business, which accounts for 55% of revenue, into a third. The exercise will, in the early stages, divide the electric vehicle, tractor and passenger vehicle (PV) businesses into three independent entities through a process.
Banks: ICICI Bank, Bank of Baroda and Bank of India have raised interest rates on new loans by 40 basis points, a day after the Reserve Bank raised its repo rate by the same amount, citing inflationary pressures.
Wipro: HFCL Ltd., a telecommunications equipment manufacturer and technology provider in the IT sector, has announced that it has partnered for various 5G transport products.
TVS Motor Co: Its consolidated net profit fell 14% year-on-year to Rs 275 crore in the March quarter due to lower sales. Operating income, however, rose to Rs 6,585 crore during the period under review from Rs 6,132 crore a year ago.
Future Lifestyle Fashions: IDBI claims to have implemented the pledge invested in Trusteeship Services, FLFL Lifestyle brands and nearly a dozen other Associates. Separately, Future Group, Future Generali India Insurance Co. Ltd. has sold 25% stake in the company to its JV partner General for Rs 1,266.07 crore.
ACC Ltd. and Ambuja Cements: Billionaire Gautam Adani is in talks with investment groups and funds in the Middle East to finance the acquisition of Holcim’s dual cement assets of ACC and Ambuja in India for up to $ 2 billion.
Ceat: Its consolidated net profit fell 83% year-on-year to Rs 25.25 crore in the March quarter. The main reason for this is input cost inflation. Its revenue increased by 13% to Rs 2,592 crore.
Tata Power Company: Tata Power Solar Systems, a subsidiary of Tata Power, has said it has won India’s largest solar engineering purchase and construction order from state-owned SJVN Limited for a Rs 5,500 crore 1 GW project.
Indus Towers: Telecommunication infrastructure company’s net profit rose 34% year-on-year to Rs 1,829 crore for the quarter ended March. Revenue rose 10% to Rs 7,116 crore for the quarter.