HDFC Bank, Oberoi Realty, Jindal Steel & Power, and Others


The market snapped a four-day shedding streak and closed with seven-tenth of a % beneficial properties on July 15, aided by constructive world cues. Auto, monetary companies, FMCG, and HDFC group shares supported the market. The BSE Sensex rallied 345 factors to 53,761, whereas the Nifty50 rose 110.5 factors to 16,049.

Results Today

HeidelbergCement India, Nelco, Bank of Maharashtra, Bhansali Engineering Polymers, Alok Industries, Ganesh Housing Corporation, Onward Technologies, Sudal Industries, Tanfac Industries will probably be in focus forward of quarterly earnings on July 18.

Stocks to Watch

HDFC Bank

The nation’s largest personal sector lender reported a 19% year-on-year progress in standalone revenue at Rs 9,196 crore for the quarter ended June 2022, led by fall in provisions for unhealthy loans. Net curiosity revenue rose 14 % YoY to Rs 19,481.4 crore, pushed by mortgage progress of twenty-two.5 % and deposits enhance of 19.2%. Pre-provision working revenue elevated 14.7 % YoY to Rs 15,367.8 crore throughout the quarter.

Bharat Electronics

The state-owned protection firm clocked a 1,401 % year-on-year progress in consolidated revenue at Rs 366.33 crore for the quarter ended June 2022, pushed by sturdy working revenue. The base was low in year-ago quarter because of second Covid wave. Revenue in Q1 grew by 90.5 % to Rs 3,140.6 crore in comparison with corresponding interval final fiscal.

ICICI Prudential Life Insurance Company

The insurance coverage firm swung to a standalone revenue of Rs 155.7 crore in quarter ended June 2022, towards lack of Rs 185.73 crore in similar interval final yr. Net premium revenue grew by 4.3 per cent to Rs 6,884.2 crore in comparison with the identical interval final yr.

Just Dial

The firm posted a wider web lack of Rs 48.3 crore for the quarter ended June 2022, towards lack of Rs 3.5 crore in the identical interval final yr, pushed by different revenue which stood at Rs (-60) crore for the quarter because of mark- to-market (MTM) losses on treasury portfolio owing to important enhance in bond yields (135-150 bps QoQ for 2-3 yr AAA bonds) throughout the quarter. Operating income at Rs 185.6 crore grew by 12.2 per cent YoY in Q1FY23.

Oberoi Realty

The Mumbai-based actual property firm reported a five-fold year-on-year enhance in Q1FY23 revenue at Rs 403.48 crore as towards Rs 80.81 crore in the identical interval final yr. Revenue tripled to Rs 934.81 crore from Rs 294.77 crore throughout the identical interval, and EBITDA surged practically four-fold to Rs 513.87 crore from Rs 135.39 crore in the identical interval.

Jindal Steel & Power

The steelmaker reported 23 per cent year-on-year decline in Q1FY23 adjusted revenue at Rs 1,929 crore on decrease working revenue, partially offset by decrease finance prices. Funds from JPL divestment additional strengthened firm’s stability sheet with consolidated web debt declining additional by Rs 1,149 crore in Q1FY23 to finish the quarter at Rs 7,727 crore. Consolidated gross revenues elevated 26 per cent YoY to Rs 14,738 crore throughout the quarter. The numbers adjusted for one-off foreign exchange acquire of Rs 446 crore.

Medplus Health Services

The firm has integrated a wholly-owned subsidiary particularly, MedPlus Insurance Brokers. The subsidiary will keep it up the enterprise of direct insurance coverage broking enterprise in life and common insurance coverage, and all types of assure and indemnity enterprise.

Den Networks

The digital cable TV service supplier reported a 69 per cent year-on-year decline in consolidated revenue at Rs 12.71 crore within the quarter ended June 2022, dented by decrease income and weak working efficiency. Revenue fell 6.5 per cent YoY to Rs 283.36 crore in Q1FY23.

L&T Technology Services

The engineering companies firm clocked a 27 % year-on-year progress in Q1FY23 revenue at Rs 274 crore, whereas income grew by 23 per cent YoY to Rs 1,874 crore throughout the quarter. The income in greenback phrases elevated 20 per cent YoY to $239.5 million and topline in fixed forex grew 20 per cent YoY. During the quarter, LTTS received a $50 million plus deal.

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