Keep your eye on these stocks: HDFC Bank, Thermax, Tinplate, Vedanta, Infosys
Infosys is expected to report earnings today, while HDFC Bank is expected to report earnings on Saturday.
Infosys, Den Networks, and Lesha Industries will all report earnings today. In addition, Alok Textiles, Oriental Hotels, Welcure Drugs, HDFC Bank, ICICI Prudential Life. And Integrated Capital Services are among the notable companies to report Q4 results over the long holiday weekend.
Due to mixed global cues, the key benchmark indices are likely to begin trading on a low note. While the US markets lost ground and fell into the red last night, Asian markets were mainly up this morning. Today’s Infosys results and the extended weekend may have an impact on market sentiment. The SGX Nifty April futures were repeated at 17,560 as of 07:20 AM, compared to the spot Nifty close of 17,530 yesterday.
Vedanta: The company’s chairman, Anil Agarwal, announced on Tuesday that the company. In collaboration with Foxconn, will establish a semiconductor manufacturing plant within the next two years. He described the agreement with Foxconn as a “tremendous job” and stated. That the semiconductor industry would help other industries such as automobiles and electronics in the country.
The Tinplate Company of India reported a 103.7 percent increase in net profit in Q4FY22 to Rs 114.42 crore, up from Rs 56.16 crore in Q4FY21.
Total revenue increased by 62.3 percent to Rs 1,238.36 crore from Rs 762.86 crore.
HDFC Bank: The private sector lender hopes that its proposed merger with parent company HDFC will allow it to join global indices such as the MSCI and FTSE. In its investor presentation, the bank made a case using Saudi Aramco as an example, even though the oil big had a free float of only 0.5%.
Hathway Cable & Datacom: The company’s net profit in Q4FY22 fell 58.5 percent year on year to Rs 7 crore, compared to Rs 16.86 crore in Q4FY21. Total income fell by 2.1% to Rs 162.84, down from Rs 166.36.
Anand Rathi Wealth: The company noted a more than threefold increase in Q4 net profit at Rs 34.80 crore for the quarter completed March 31, 2022, compared to Rs 10.09 crore in the same quarter last year. Total income increased by 49.4 percent year on year to Rs 114.75 crore, up from Rs 76.81 crore in the exact period.
