Wipro, Hindustan Unilever, Ambuja Cement, Vedanta, and Other Stocks to Watch Today

Updated: Jul 25



Wednesday's stocks to watch include: For the third straight session, the market continued to move upward, with the benchmark indices up 0.4% thanks to gains in the stocks of banks, automobiles, and metals. The Nifty50 increased by 62 points to 16,340, while the BSE Sensex increased by 246 points to 54,768.


Results Today


Before the release of quarterly earnings, attention will be focused on Wipro, IndusInd Bank, Havells India, Ceat, Century Plyboards, Gland Pharma, Syngene International, Tata Communications, Hathway Cable & Datacom, JSW Ispat Special Products, Lloyds Steels Industries, Mastek, Agro Tech Foods, MIC Electronics, Newgen Software Technologies, Oracle Financial Services Software, Rane Engine Valve, Reliance Industrial Infrastructure, Sagar Cements,


Stocks in Focus Today

With underlying volume growth of 6%, the FMCG giant saw an increase in profit of 11% year over year for the quarter ending June 2022, but its EBITDA margin shrank by 100 bps YoY to 23.2% due to unheard-of inflationary headwinds. Over the same period, year over year, revenue increased by 20% to Rs 14,272 crore.

For the quarter that ended in June 2022 (Q2CY22), the cement manufacturer's consolidated profit fell by 25.5% year over year to Rs 865.44 crore, with higher power and fuel costs, as well as freight and forwarding costs, being the main causes. However, revenue for the quarter climbed 15.1% YoY to Rs 8,033 crore.


Vedanta


The business said that for the fiscal year 2022–2023, the board has approved a second interim dividend of Rs 19.50 per equity share, or Re 1 per share, on a par value. The dividend is worth Rs. 7,250 billion. The dividend payment record date is July 27, 2022.


Grasim Industries


The flagship company of the Aditya Birla Group said that the board has approved an investment of Rs 2,000 crore over the next five years in a B2B e-commerce platform for the building materials sector. With this investment, Grasim's standalone businesses as well as those of its subsidiaries and partner firms gain a new high-growth engine with obvious adjacencies.

The company is ICICI Lombard General Insurance.

For the quarter that ended in June 2022, the general insurance firm recorded an increase in profit of 80% year over year or Rs 349 crore. In comparison to the same time last year, total revenue increased by 3.8% to Rs 3,978.3 crore, while net premium revenue increased by 10% to Rs 3,468 crore.


Financial Holdings L&T

For the quarter that ended in June 2022, the non-banking finance company's earnings increased by 47.4% year over year to Rs 262 crore, led by a decline in financial instrument impairment. Over the same time last year, operating revenue fell 2.1% to Rs 2,988.40 crore. The business recorded its highest-ever quarterly retail disbursements, up 148% year over year, at Rs 8,938 crore.


Krsnaa Diagnostics


On a public-private partnership (PPP) basis, the company was given the go-ahead by the Rajasthan Medical Education Society (Directorate of Medical Education) to provide, install, operate, and maintain a CT scan center at the Raj-MES Medical College in Churu, Rajasthan. According to the contract, the business will install a 64-slice CT scanner at MES Medical College. The deal will be in effect for ten years.


Rallis India


For the quarter that ended in June 2022, the Tata Group company's profit decreased by 18.1% year over year to Rs 67.5 crore due to rising raw material costs. Nevertheless, sales rose 16.5% YoY to Rs 862.8 crore in Q1FY23, supported by a 17.1% increase in the domestic crop care sector and a 51% increase in exports.


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