Maruti Suzuki, Tata Motors, Vedanta, Nestle, and Others


The market showcased a powerful efficiency within the earlier session because the benchmark indices clocked a p.c achieve, due to across-the-board shopping for. It recouped all the day prior to this’s losses, forward of expiry of July futures & choices contracts. The BSE Sensex jumped 548 factors to 55,816, whereas the Nifty50 rose 158 factors to 16,642.

Results Today

Dr Reddy’s Laboratories, Nestle India, SBI Life Insurance Company, Shree Cement, Jubilant FoodWorks, Vedanta, Bajaj Finserv, Punjab National Bank, Mahindra & Mahindra Financial Services, PNB Housing Finance, SBI Cards and Payment Services, TVS Motor Company, Shriram Transport Finance , Chalet Hotels, Equitas Small Finance Bank, CMS Info Systems, GHCL, AAVAS Financiers, Intellect Design Arena, Dr Lal PathLabs, Motilal Oswal Financial Services, Nippon Life India Asset Management, NIIT, NOCIL, RITES, Sona BLW Precision Forgings, TTK Prestige, and Westlife Development will likely be in focus forward of June quarter earnings on July 28.

Stocks In Focus

Tata Motors

The firm posted consolidated loss at Rs 5,006.6 crore for the quarter ended June 2022, widening from lack of Rs 4,450.92 crore in the identical interval final yr on account of weak JLR efficiency. Consolidated income from operations grew by 8.3 per cent YoY to Rs 71,934.66 crore throughout the identical interval, pushed by home enterprise. Jaguar Land Rover income declined by 7.6 per cent QoQ and 11.3 per cent YoY to 4.4 billion kilos impacted by semiconductor shortages and China lockdowns, however buyer order e-book grew additional to 2 lakh automobiles.

Welspun India

The firm has reported an 11.6 per cent year-on-year decline in consolidated income at Rs 1,957.3 crore for the quarter ended June 2022, impacted by the house textile enterprise however the flooring enterprise fared higher. Profit fell sharply by 90.4 per cent to Rs 21.36 crore on weak working efficiency at dwelling textile enterprise.

Biocon

The pharma firm recorded a 54.4 per cent YoY progress in consolidated revenue at Rs 167.40 crore for the quarter ended June 2022, partly aided by larger income & different earnings and decrease tax price. Revenue grew by 21.5 per cent to Rs 2,139.50 crore throughout the identical interval.

Exide Industries

Subsidiary Exide Energy Solutions (EESL) has executed the lease cum sale settlement for procuring land parcel admeasuring 80 acres in Bengaluru with the Karnataka Industrial Areas Development Board (KIADB). The land will likely be used to arrange state-of-the-art inexperienced discipline multi-gigawatt Li-ion battery cell manufacturing facility for the new-age electrical mobility and stationary utility companies in India.

VIP Industries

The firm registered a wholesome progress in consolidated revenue at Rs 69.10 crore in Q1FY23, on a low base in revenue at Rs 2.53 crore in Q1FY22 that affected by second Covid wave. Revenue grew by 186.4 per cent YoY to Rs 590.61 crore throughout the identical interval.

Schaeffler India

The firm recorded a 76.2 per cent year-on-year progress in revenue at Rs 225.75 crore in Q2CY22 pushed by wholesome topline and better working earnings. Gain on sale of chain drive enterprise additionally supported backside line. Revenue grew by 41.8 per cent YoY to Rs 1,748.83 crore through the June 2022 quarter.

EIH

The firm clocked consolidated revenue of Rs 65.86 crore for the quarter ended June 2022 on normalization of enterprise, in opposition to a lack of Rs 114.25 crore in the identical interval final yr. In Q1FY22, numbers have been affected by second Covid wave. Revenue grew by 314 per cent YoY to Rs 394.3 crore in Q1FY23.

Hindustan Aeronautics

HAL has signed contract value over $100 million with Honeywell for HTT-40 Engines. The firm will provide and manufacture 88 TPE331-12B engines/kits together with upkeep and assist companies to energy the Hindustan Trainer Aircraft (HTT-40).

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