Zomato, Infosys, L&T, PowerGrid, NTPC, and Other Stocks to Keep an Eye on Today



Due to strong global cues and purchasing across all sectors, the market mounted a comeback on Friday. A break from the recent harsh sell-off was welcomed by traders. The BSE Sensex and the NSE Nifty may end the day on a high note because this morning's global cues were only marginally favorable. The SGX Nifty May futures were trading at 16,310 as of 7:05 AM, compared to the spot Nifty's Friday closing of 16,266.


Results Today


Zomato, TRF, SAIL, Bharat Electronics, Nelcast, Pricol, The Ramco Cement, TTK Healthcare, Patel Engineering, Igarashi Motors, Graphite India, and Divi's Lab are a few examples of companies in this category.

Power Grid Corp


The March 2022 quarter's Power Grid Corporation of India Ltd. consolidated net profit increased by roughly 18% to Rs. 4,156.44 billion from Rs. 3,526.23 billion the previous quarter, supported by greater income. Comparing the current quarter to the same period the previous year, total revenue climbed to Rs 11,067.94 crore ($1,106.33 billion).

Zomato


Before the release of its March quarter earnings on Monday, attention will be on Zomato's stock. For the first time since its listing, the company also announced that it will answer calls from investors after its earnings. Amid the stock market slump, the stock has lost more than 60% of its value from its peak. The stock is currently below its initial public offering price of Rs. 76 per share.


Infosys


Salil Parekh was reappointed as the company's CEO and MD for a five-year term on Sunday, according to the leading provider of IT services. The only CEO who wasn't the company's founder and who managed to win a second term will be Parekh.

Steel Stocks


The government's Saturday charge on steel exports may cause steel businesses to reevaluate ambitious capacity development plans. Major steel companies in the private sector said that the capacity expansion plans were based on sales mix assumptions that have since been proven to be incorrect.

Larsen & Toubro (L&T)


As part of its new five-year plan, which ends in FY26, the engineering behemoth hopes to reduce its exposure to road and power concessions and incubate digital and e-commerce firms. The plan's foundation year was FY21. By FY26, the company hopes to generate revenues between Rs 2.7 and Rs 3 trillion and receive orders worth Rs 3.4 trillion.

Paytm

According to a senior executive who spoke to Reuters, India's Paytm Payments Bank, which enables transactions on the mobile commerce platform Paytm, anticipates that the central bank would let it continue accepting new clients in the coming months.

LIC Housing Finance

The company intends to boost project finance lending and raise the share of such disbursements from the current level of 5% to 10% in FY23 as a result of an uptick in the real estate cycle.


NTPC


With a consolidated net profit of Rs 5,199.51 crore for the quarter ending in March 2022 compared to Rs 4649.49 crore for the quarter ending in March 2021, the state-owned power behemoth reported an almost 12% increase. From Rs 31,687.24 crore, the total income increased by more than 19% to Rs 37,724.42 crore.


Jet Airways


The aviation company has fulfilled all requirements under the resolution plan that was accepted by the National Company Law Tribunal by receiving the revalidated air operator certificate (AOC) from the DGCA. The airline plans to resume regular business operations from the third quarter of July through September.


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