Grasim Ind, M&M, Sun Pharma, Page Ind, SAIL and Emami among top stocks to track today
Stocks to watch today: Mahindra & Mahindra (M&M) is all set to report its financial results for the quarter ended March 2023 on Friday, May 26. Analysts expect the Mahindra group auto major to stage a strong performance on a yearly basis despite a high base owing to an exceptional gain of Rs 125 crore for the corresponding period a year ago.
The domestic equity benchmarks are likely to see a muted start on May 26, Friday amid subdued global cues. At 08:20 AM, the Nifty futures on the Singapore Exchange (SGX) traded 0.21 per cent lower at 18,427. Further, global stocks were listless in the morning trade, apart from standout gains in Japan, as time ticked out on high-stakes talks to avoid a US debt default.
Let's take a look at the top stocks that may remain in focus today -
Vodafone Idea: The telecom company narrowed losses to Rs 6,418 crore for the quarter ended March 2023, versus Rs 6,563 crore registered in the same quarter last year and compared to Rs 7,990 crore in the previous quarter.
Sun Pharma: The drug major is slated to release its March quarter numbers today. The Dilip Shanghvi- founded company is expected to report a good set of numbers, as per Zee Business Research. READ MORE
Grasim Industries: The Aditya Birla Group company – is expected to report a muted set of financial results for the quarter ended March 2023 on Friday, May 26, 2023. The profit of the cement products company may more than halve in percentage terms amid weak revenue in various segments. READ MORE
Mahindra & Mahindra (M&M) is all set to report its financial results for the quarter ended March 2023 on Friday, May 26. Analysts expect the Mahindra group auto major to stage a strong performance on a yearly basis despite a high base owing to an exceptional gain of Rs 125 crore for the corresponding period a year ago. READ MORE
ONGC: Besides, Sun Pharma, M&M, and Grasim, ONGC is also slated to announce its March quarter numbers today. READ MORE
Page Industries — which manufactures and markets products under brands Jockey and Speedo in India — reported a net profit of Rs 78.4 crore for the quarter ended March 2023, marking a fall of 58.9 per cent compared with the corresponding period a year ago.
SAIL: The steel company reported a weak set of numbers for the March quarter on a YoY basis. The company posted a net profit of Rs 1,159.21 crore as against a net profit of Rs 2,478.82 crore for the period ended March 31, 2022.
Emami, a major player in the FMCG sector, reported a 60 per cent YoY fall in consolidated profit after tax (PAT) at Rs 141.62 crore for the quarter ending in the March quarter, however, the figure stood at Rs 354.11 crore in the same quarter last year. Net sales for the quarter witnessed a 7.2 per cent YoY growth to Rs 816.60 crore compared to Rs 761.90 crore in the corresponding quarter last year.
Max India: The company informed that its Board has approved an infusion of Rs 294 crore (approx) in its wholly-owned subsidiary companies.
Triveni Engineering and Industries Ltd, on Thursday, posted a consolidated net profit of Rs 190 crore for the March 2023 quarter, up 74.31 per cent YoY. The company’s consolidated revenue from operation rose by 52.51 per cent to Rs 1,818 crore during the quarter under review.
Voltas: The company has laid the groundwork and performed Bhoomi Pujan at Madharapakkam, Thiruvallur district in Tamil Nadu, for its new Air Conditioner factory. The construction of the new manufacturing facility is spread over 150 acres. The Company has planned to invest over Rs 500 crore in this factory, for RAC manufacturing, over the next couple of years. This facility will ensure that all the products manufactured in this facility are competitive on a global scale, the company said in its press release.
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