Watch These Stocks Today: Wipro, Hindustan Unilever, Ambuja Cement, Vedanta.
Among the stocks to watch today are shares of companies such as Wipro, Hindustan Unilever, Ambuja Cement, Vedanta, and others, which are expected to make waves in the coming trading session.
There are a few stocks to watch on Wednesday as the market continued its upward climb for the third consecutive session with the benchmark indices gaining 0.4%, mainly on the back of banks, autos, and metals.
As a result, the BSE Sensex jumped 246 points to 54,768, while the Nifty50 gained 62 points to 16,340 in the same period.
Results Today
A number of companies will be in focus ahead of their quarterly earnings on July 20. These include Wipro, IndusInd Bank, Havells India, Ceat, Century Plyboards, Gland Pharma, Syngene International, Tata Communications, Hathway Cable & Datacom, Lloyds Steels Industries, Mastek, Agro Tech Foods, Newgen Software Technologies, Oracle Financial Services Software, Rane Engine Valve, Reliance Industrial Infrastructure, Sagar Cements, Sasken Technologies, and So
Watch These Stocks Today: Wipro, Hindustan Unilever, Ambuja Cement, Vedanta, And More
Hindustan Unilever
As a result, the FMCG giant reported an increase of 11 percent year-on-year in profit for the quarter ended June 2022 at Rs 2,289 crore.
While volume grew by 6 percent for the period, the EBITDA margin contracted by 100 basis points to 23.2% due to unprecedented inflationary headwinds.
During the same period last year, revenue rose by 20 percent to Rs 14,272 crore, a 20 percent increase over last year.
Ambuja Cements
The cement maker’s consolidated profit for the quarter ended June 2022 (Q2CY22) declined by 25.5% year-on-year to Rs 865.44 crore, impacted by higher power and fuel costs, and additional freight and forwarding expenses over the previous quarter.
Although, revenue for the quarter increased 15.1% YoY to Rs 8,033 crore, representing a YoY increase of 15.1%.
Vedanta
According to the company’s statement, the company’s board of directors has approved the payment of a second interim dividend of Rs 19.50 per equity share on the face value of a share of Re 1 for the financial year 2020-21.
Approximately Rs 7,250 crore will be distributed as dividends from the company. There will be a dividend payment on July 27, 2022, which is the record date for dividend payments.
Grasim Industries
Aditya Birla Group’s flagship company has announced that it has approved a foray into the B2B e-commerce segment for the building materials segment through an investment of Rs 2,000 crore over the next five years to become a B2B e-commerce platform.
In addition to adding a new high-growth engine to Grasim’s existing standalone businesses, there is also a clear adjacency between the standalone businesses and Grasim’s subsidiaries and associate companies.
ICICI Lombard General Insurance Company
There was an increase in profit for the quarter ended June 2022 of 80 percent over the same quarter last year, totaling Rs 349 crore for the company. There was a 3.8% increase in total income to Rs 3,978.3 crore compared to the same period last year, leading to an increase of 10% in net premium earned to Rs 3,468 crore.
L&T Finance Holdings
A drop in impairment on financial instruments drove the company’s profit growth of 47.4 percent to Rs 262 crore for the quarter ended June 2022. During the same period last year, revenue from operations dropped 2.1% to Rs 2,988.40 crore, a decline of 2.1% from the previous year. According to the company, retail disbursements of Rs 8,938 crore were the highest ever for a quarterly period, up 148% year-on-year.
Krsnaa Diagnostics
According to the order received from Rajasthan Medical Education Society (Directorate of Medical Education), RMS has been commissioned to supply, install, operate and maintain a CT scan center at the Raj – MES Medical College at Churu, Rajasthan on a public-private partnership (PPP) basis. The company has been selected as the awardee in MES Medical College’s tender, where they will set up an advanced 64-slice CT scanner as per the award. The contract will be for a period of ten years and will be renewable.
Rallis India
It has been reported by the Tata Group that the company incurred a loss of 18.1% year-on-year of Rs 67.5 crore for the quarter ended June 2022 due to a rise in raw material costs. It should be noted, however, that the company’s revenue increased 16.5 percent year-on-year to Rs 862.8 crore in Q1FY23, backed by a growth of 17.1 percent in its domestic crop care business and a 51 percent growth in its exports.