Stocks to watch: smelly Futures contracts traded on the Singapore Exchange indicated a negative opening for domestic equities. The contract was trading at 18,083.50, down 77 points or 0.42% from the previous close.
Income Watch: Adani Enterprises, Blue Star, Bombay Dyeing, CEAT, Dabur, HDFC, Hero MotoCorp, IDFC, J&K Bank, Mindspace Business Parks, Punjab Chemicals, Sundaram Fasteners, Tata Power, TVS Motor and United Breweries are some of the major companies scheduled to announce their fourth quarter results on Thursday.
Titan: Titan posted a standalone net profit of Rs 734 crore for the quarter ended March, up 49% over the previous year period. Revenue from operations increased by 33% to Rs 9,704 crore.
Aviation: Shares of airlines like IndiGo, SpiceJet, Jet Airways are likely to remain on investors’ radar for the second day as the crisis-hit GoFirst has reportedly stopped taking new bookings for its flights till May 15. NCLT will hear the insolvency petition today. ,
Adani Group: While Adani Enterprises is scheduled to report March quarter today, and Adani Power tomorrow, shares of Adani Group may remain in focus as an auditor whose appointment was questioned by US short seller Hindenburg in a scathing report, “Previous Resigned due to “business”. Adani Total Gas Ltd said.
Reliance (RIL): The shareholders of the company have voted in favor of the proposed scheme of arrangement between the company and Reliance Strategic Investments, thus paving the way for the demerger of the financial services arm.
SIS: The company’s Q4 net profit for the quarter ended March 2023 declined by 4.4 per cent to Rs 93.10 crore, as against Rs 97.40 crore in the year-ago quarter. Total income, however, was up 13.1 per cent YoY at Rs 2,995.70 crore.
Tata Chemicals: The company reported a 62 per cent increase in consolidated profit at Rs 709 crore for the March quarter. Consolidated revenue from operations grew by nearly 27 per cent to Rs 4,407 crore.
Petronet LNG: The company reported an 18.1 percent decline in Q4 net profit at Rs 614.25 crore. In Q3, the company had registered highest ever net of Rs 1,181 crore. However, standalone revenue from operations grew by 24.3 per cent to Rs 13,874 crore.
KEC International: The company reported a 35.6 percent decline in Q4 net to Rs 72.17 crore as against Rs 112.04 crore in Q4FY22. Total income, however, grew 29.3 per cent YoY to Rs 5,530.53 crore.
Cholamandalam Investments: The Murugappa Group company reported a 24 per cent rise in net profit during the fourth quarter of 2022-23 at Rs 853 crore as compared to Rs 690 crore during the same period in 2021-22. Net income grew by 32 per cent to Rs 2,060 crore.
Apollo Micro Systems: The stock will trade ex-date starting today for 1:10 stock split.
Sula Vineyards: Sula Vineyards has reported a consolidated net profit of Rs 14.2 crore for the fourth quarter, up 5%. Revenue from operations grew 7% year-on-year to Rs 120 crore in the quarter under review.
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