Stocks to watch today: IT behemoth TCS net profit grew 5.2 per cent year-on-year (YoY) to Rs 9,478 crore in Q1FY23; Tata Motors hiked prices across passenger vehicle range by 0.55 per cent.
The company is scheduled to announce June quarter results on Saturday, July 9, 2022.
Stocks to Watch Today: Shares of metal companies are also to be in focus as copper prices fell to 17-month lows amid new COVID restrictions in China, slowing global manufacturing activity and a jump i
Store additions strong while same store sales declined in Q1
Shoppers Stop is expected to rise 15 per cent, while Avenue Supermarts, may decline on breakdown of support.
Stocks to Watch Today: Bharat Forge, Fino Payments Bank, MCX India, RateGain Travel, Raymond and VIP Industries are some of the notable companies scheduled to announce Q4 results on Monday.
Standalone revenue rose 18% to Rs 8,606 cr
In the past six months, the stock has underperformed the market by falling 26 per cent as compared to a 10 per cent decline in the S&P BSE Sensex.
Standalone revenue rose 22% to Rs 9,065 crore
Pharma shares may be in focus as India's apex health research organization ICMR has raised concerns around the safety for use of the oral antiviral drug Molnupiravir
The company had revenue from operations of Rs 7,432.69 crore in the October-December quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing
Margin disappointment weighs on stock, which has gained 47% in 3 months
HCL Technologies and D-Mart need to make a decisive break above near term resistance levels for further up move, while HDFC Bank may rally up to Rs 2,000 provided it sustains above Rs 1,650-level
ICICI Securities said it continue to remain structurally positive on the stock, however it believes recent appreciation of the stock price factors in most positives.
This is the second DMart store in NCR, the first one is in Ghaziabad.
DMart, set up in 2002, saw strong double-digit growth in sales and profits between FY09 and FY20
Avenue Supermarts, the owner of D-Mart chain of retail stores, hit a record high of Rs 3,655.95, up 1.7% on the BSE in intra-day trade
Higher competition may lead to market share loss
Expensive valuations, risk of a moderation in growth, and the presence of deep pocket players like Amazon and Reliance Retail restricts the near-term upside
Basic Earnings per share for Q1FY22 stood at Rs 1.78, as compared to Rs 0.77 for Q1FY21