Stocks to Watch Today: Tata Motors, L&T, Hindalco Industries, and Others

Bears maintains their dominance in Dalal Street for the fourth consecutive session on May 11, despite positive sentiments in global colleagues. Sales in technology, cars, FMCG, L&T, and Bajaj Finance shares burden the market, even though Banks and HDFC limit losses. The benchmark index returned about one percent loss from the lowest day with Nifty50 very defending a psychological sign of 16,000. BSE Sensex fell 276 points to 54,088, while Nifty50 dropped 73 points to 16,167.

Sushant Bhansali, CEO, Ambit Asset Management, said: “The pressure of inflation improvement on the company’s revenue is quite visible since the last 2 quarters and is expected to continue for 1-2 other quarters. As a result, income is reduced more than being increased by the market. The combination of downgrade revenue together with a reversal of the interest rate cycle increases volatility in the market. We believe that we are in the consolidation phase after Big Bull Run in the last two years, breathing is needed. Ordering a shared profit of revisions in the allocation of assets will drag the market down while fresh flow will push the market up during this phase. The consolidation phase will continue for several more months depending on most of how inflation occurs globally. “

Today’s results

Larsen & Toubro, Tata Motors, RBL Bank, Siemens, Aditya Birla Capital, Anupam Rasayan India, Tan Apollo, Coforge, Greaves Cotton, Gujarat State Petronet, Honeywell Automation India, Poonawalla Feedorp, Ujjivan Small Finance Bank, Windlas, Avanti, Ujjivan Finance Bank Finance Bank, Windlas Windlas, Windlas, Windlas, Windlas, Windlas, Windlas Finance Bank Finance Bank, Windlas Windlas, Ujjivan Finance, Brigade Enterprises, Creditaccess Grameen, Genus Power Infrastructure, HP Adhesive, Icra, Jammu & Kashmir Bank, Project JMC, Lumax Auto Technologies, Matrimony.com, Mindspace Business Parks Reit, South India Bank and Retail Spencers will release their quarterly income on May 12. .

The company reported a decrease in consolidated profit of 55.4 percent year-to-year at RS 111 Crore for the quarter ended in March 2022, influenced by higher power & fuel, input costs, and extraordinary losses. Income grew by 6 percent to 2,264.2 crore hospitals compared to last year’s period.Liquid natural gas importers recorded a 24 percent year-to-year growth in consolidated profit in RS 791 Crore in Q4fy22, mostly driven by a strong topline. Income grew by 47.3 percent to RS 11,160.4 Crore compared to last year’s period.
Lakshmi machine works

The company recorded a healthy growth of 218 percent year-to-year in consolidated profit in RS 82.72 Crore in the quarter ended in March 2022, driven by a strong topline and operating income. Income increased by 46 percent to RS 998.5 Crore compared to the same period last year.

NCC

Life Insurance Corporation of India acquired 2.03 percent of equity shares in the company through open market transactions. With this, its share ownership in the company increased to 6.05 percent, up from the previous 4.02 percent. NCC

The construction company recorded the growth of 97.4 percent of years-year-year in consolidated profit in RS 234 Crore in the quarter ended in March 2022 despite weak operating income that was hit by higher input costs. Profitability is supported by all sales of shares in NCC Virag Urban Infrastructure subsidiaries. Revenue grew by 23.5 percent to 3,477 Crore RS compared to the same period last year.

Hindalco Industries

The subsidiary of the Novelist Inc. recorded a 21 percent year-to-year-to-year-to-year-to-year-old profit growth of $ 217 million in March 2022 a quarter driven by the topline and lower tax costs. Net sales increased 34 percent to $ 4.8 billion compared to last year’s period, mainly driven by higher average aluminum prices and local market premiums. But EBITDA which is adjusted to $ 431 million dropped 15 percent yoy mainly due to the challenges of short -term operational costs.

Skipper

The power transmission & distribution structure manufacturer records a profit growth of 177 percent year-to-year with a price of 25.12 crore Rs in the quarter ended in March 2022 which is led by higher operating income and margin performance (up 260 bps yoy). Revenue grew by 11 percent to RS 552.65 Crore and EBITDA increased by 44 percent to RS 61.67 Crore compared to last year’s period. Message entered in Q4fy22 stands at RS 271 Crore, and the closing order book in March 2022 was established at RS 2,115 Crore.

Macrotech Developers

Real estate developers in partnerships with Bain Capital and Ivanhoé Cambridge will develop the next generation of green digital infrastructure platforms. This platform will jointly invest around $ 1 billion to create ~ 30 million square feet of operational assets to serve India’s digital economy.