• Fri. May 26th, 2023

Last update: May 02, 2023, 08:17 IST

Stocks to watch today: Astute futures on the Singapore Stock Exchange traded down 40 points or 0.22% at 18,233, signaling a negative start for Dalal Street on Tuesday.

Revenue monitoring: Ambuja Cements, Adani Total Gas, Fino Payments Bank, Jindal Hotels, PSB, Spandana Sphoorty, Tata Steel, Uco Bank and Varun Beverages are some of the top companies expected to announce March quarter results today.

Adani Group: The actions of the companies in the group led by Gautam Adani are likely to focus on reports that the Sebi may approach the central government or law enforcement agencies to obtain information from foreign jurisdictions in the Adani-Hindenburg case. .

Automotive stocks: TVS Motor recorded strong 29% year-on-year sales growth in April 2023, the highest among local automakers. Hero MotoCorp sales fell 3.1% year-on-year.

CGSB, Oil India: The government has reduced the exceptional tax on crude oil produced in the country to Rs 4,100 per ton against Rs 6,4000 per ton.

UltraTech Cement: The company’s net profit fell 36.1 percent year-on-year to Rs 1,670.10 for the fourth quarter ended March 2023 from Rs 2,613.75 crore in the corresponding quarter a year ago. Total revenue, however, rose by 17.7% year-on-year to Rs 18,562.38 crore.

Sugar stocks: The Center is likely to impose a blanket ban on sugar exports following rising prices after lower-than-expected production in the 2022-23 season.

NDTV: The Adani-owned media company reported a sharp 97.6% drop in net profit in the fourth quarter. Net fell to Rs 0.60 crore for the quarter ended March 2023 from Rs 24.16 crore in the quarter ended March 2022. Revenue fell by 35.5% year-on-year to Rs 66.96 crore .

SBI card: The company reported a 2.6% year-on-year growth in Q4FY23 net profit to Rs 596 crore, driven by higher financial and operating costs. Total revenue increased by 30% year-on-year to Rs 3,917 crore.

L&T Finance Holdings: The retail-focused lender reported a 46% year-on-year increase in fourth-quarter consolidated net profit to Rs 501 core, boosted by better margins as its high-yielding retail portfolio grew to a faster pace.

Blue Star: The company’s board of directors will examine a proposal for the free issue of shares on May 04.

First IDFC bank: The bank’s board has approved a borrowing plan of up to Rs 5,000 crore.

Disclaimer:Disclaimer: The views and investment advice of the experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before making any investment decision.

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