New Delhi: The following stocks may remain in focus on Monday:
Reliance Industries: is looking to create a mega land bank for setting up renewable energy parks and projects, as mukesh ambani controlled group Pivot from fossil fuels to clean energy. A land aggregation exercise is underway to set up 100GW of solar power projects by 2030.
HDFC: Sunday Mortgage Lender Benchmark Retail Prime Lending Rate (RPLR) hiked Up to 5 basis points (bps), leading to a corresponding increase in home loan rates for existing customers. However, there will be no change in interest rates for new customers as they will get an additional 5 bps discount on the benchmark, negating the hike in RPLR. HDFC will also announce its March quarter earnings today.
maruti suzukiCountry’s largest car maker Maruti Suzuki India Total wholesale sales declined by 6% year-on-year to 1,50,661 units in April. Maruti’s domestic sales declined 7% year-on-year to 1,32,248 units last month. The company posted a 51.1% year-on-year jump in consolidated net profit 1,875.8 crore in the fourth quarter ended March, despite chip shortage hampering production. total revenue from operations was 26,749.2 crore as against 24,034.5 crore in the fourth quarter a year ago.
Wipro: Reported 3.1% sequential growth in its dollar revenue $2,721.7 million for the quarter ended March, while revenue grew 3.1% in constant currency. Wipro has guided for 1-3% sequential growth in Q1FY23 revenue from $2,748 million to $2,803 million. Profit up 3.98% sequentially during March quarter 3,087.3 crore and revenue up 2.68% 20,860 crores.
Tata MotorsThe company reported a 74% year-on-year growth in its total sales to 72,468 units in April. Tata Motors’ domestic sales rose 81% to 71,467 units last month, while total passenger vehicles to dealers rose 66% to 41,587 units.
Adani Group: is lining Huge investment in healthcare and may acquire other assets, including large hospitals, diagnostic chains and offline and digital pharmacies, to gain a foothold in the sector. Top executives of the group, which runs businesses from airports to seaports, recently met with several foreign banks and global private equity investors, where they outlined the group’s plans for the healthcare business.
indusind bank: Reported 55.4% year-on-year growth in profit To 1,361.4 crore for the quarter ended March, as provisions declined 21.5% and asset quality improved. Net interest income grew 12.7 percent year-on-year 3,985.16 crore in Q4.
Yes BankLender’s Planning to set up an asset reconstruction company is on track and it expects to transfer all its bad debts to the entity by the end of June. Till March 31, Yes Bank had a gross bad loan 27,976 crores. Bank posted net profit of 367 crore for the March quarter against a loss of Rs. 3,788 crore a year ago.
BioconSubsidiary Biocon Biologics said it may close its $3.34 billion biosimilar business acquisition transaction by this quarter if it receives approval from regulatory agencies. In March, Biocon Biologics entered a definitive agreement to acquire the biosimilar assets of Viatris for $3.34 billion. The company will pay Viatris $2 billion in cash at the conclusion of the deal and $335 million in 2024.
Jet Airways: The airline will operate under its new promoters Proven flights during the first half of May, as it is set to commence its commercial operations in the July-September quarter. During flights, or test flights, airline employees, including check-in-counters, engineers, pilots, cabin crew and maintenance technicians, observe activities that reflect real-time commercial operations.