• Miki

Adani Ports, Balrampur Chini, NTPC, Coal India, and more stocks are today's stocks to watch.



The Singapore Exchange's trading of Nifty futures increased by 37.50 points, or 0.23 percent, to close at 16,136.50, indicating that Dalal Street will begin the day on a bullish note on Wednesday. Nasdaq completed the day close to the day's lows, while Dow recovered the majority of its losses. Tuesday saw market benchmarks post losses for the second straight session, along with a lackluster trend in global stocks as concerns about inflation and the economic recovery kept investors' moods down. The 30-share BSE Sensex started higher but was unable to maintain the pace in volatile trade. At 54,052.61, it eventually closed 236 points, or 0.43 percent, lower. Similar to the previous example, the larger NSE Nifty fell 89.55 points or 0.55 percent to close at 16,125.15.


Results


Today, 223 businesses will release their March quarter results. Notable examples include AIA Engineering, Apollo Hospitals, Bata India, BPCL, Coal India, Deepak Fertilizers, Delta Corp, Easy Trip Planners, Fortis Healthcare, National Aluminium, NHPC, Power Finance Corporation, Religare Enterprises, Suzlon, Torrent Pharma, Voltamp Transformers, and Whirlpool India.

Sugar Stocks

To increase sugar availability on the domestic market and slow price increases, the government on Tuesday placed curbs on exports beginning on June 1. However, it stated that sugar exported to the EU and the US under CXL and TRQ would not be subject to these restrictions. Additionally, the government exempted 2 MT of soybean and sunflower oil imports from customs duties and the agricultural cess.

Balrampur Chini

In Q4FY22, the company's net profit increased by 16.2% to Rs 359.34 crore from Rs 309.27 crore in Q4FY21. From Rs. 1,033.78 crores to Rs. 1,291.37 crores, the whole income increased by 24.9%.

Adani Ports


In the quarter that ended in March 2022, the company's Q4 net profit decreased by 21.8% to Rs 1,033.02 crore from Rs 1,320.69 crore in the same period the previous year. The whole revenue increased by 8.5% to Rs 4,417.87 crore from Rs 4,072.42 crore.

Latent View Analytics


In the quarter that ended in March 2022, the company's net profit increased by 49.6% to Rs 35.57 crore from Rs 23.78 crore in the corresponding quarter a year earlier. Additionally, total revenue increased by 49.3% year over year to Rs 125.36 crore.

NTPC


The cost of fuel for the state-owned enterprise will increase to Rs 7-8 per unit if coal is imported as opposed to Rs 2 per unit if coal is purchased from Coal India on the domestic market. Senior officials predicted that this would result in a 50–70 pence increase in NTPC's final pricing, which would then be passed on to electricity users.

Coal India


To meet the increased demand for coal from the power industry, the business plans to open additional mines and increase production by 12% during the current fiscal year. The company claimed to have obtained environmental certification for 20 plans, which will add 22 MT of additional capacity each year.

Strides Pharma


In Q4FY22, the company's EBITDA decreased by 71.2% to Rs 46.10 crore from Rs 160.20 crore in Q4FY21. Additionally, total revenue decreased by 4.6% to Rs 869.90 crore from Rs 911.50 crore.

Metropolis Healthcare


In the three months ending in March 2022, the company's net profit increased 2.5 times, to Rs 63.11 crore, compared to Rs 24.86 crore in the three months ending in March 2021. From Rs 213.68 crore to Rs 262.48 crore, the total income increased by 22.8%.

Future Group


Due to vacancies on their respective boards, Future Retail, Future Lifestyle Fashion, Future Supply Chain Solutions, and Future Enterprises, four of the Future Group's listed companies, were unable to call a board meeting before May 30 to approve their financial results for the quarter and year ended March 31.

Grasim

To compete with Asian Paints, the current market leader, and new market entrants like JSW, the Aditya Birla group company wants to invest Rs 10,000 crore in the paints business over the next three years.

RITES


In comparison to the same quarter a year prior, the company's Q4 net profit fell 3.5% to Rs 129.88 crore in the quarter that ended in March 2022. However, overall revenue increased by 20.9% to Rs 764.69 crore from Rs 632.42 crore.

Muthoot Finance

The NBFC intends to raise Rs 300 crore through bonds; the money would be used primarily for business lending activities. The edition is available from May 25 to June 17.

Zee


The UAE T20 league's long-term worldwide media broadcasting rights were signed by a large entertainment company. Industry insiders predict that the contract will cost between Rs 800-900 crore for ten years. Only Zee's television networks and it's over-the-top (OTT) platform ZEE5 will broadcast the UAE T20 League.


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