With the healthy order book at Rs 55,333 crore, strong pipeline of orders and better margin profile, BEL is well placed to grow its earnings in double digits in the next couple of years, analyst say.
Stocks to Watch Today: Alok Textiles, Ganesh Corporation, Hiedelbergcement, Bank of Maharashtra and Nelco to announce Q1 results on Monday.
Retail to benefit from low base; tariff hikes to power telecom growth
New business premium of the insurer grew 24.4 per cent to Rs 3,184 crore in the same period
The jump in net profit was reported on account of robust growth in new business
In Q4FY22, the bank recorded a 22.8 per cent rise in its net profit year-on-year.
Margins were better managed despite a higher attrition of 23.2% in Q1, up from 20.4% in Q4FY22
Stronger bottomline supported by lower provisions and healthy NII
During the quarter under review, its total income rose to Rs 13,069.17 crore from Rs 10,643.17 crore a year ago
CLOSING BELL: Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts
Motilal Oswal Financial Services expects provisions to decline to Rs 3,730 crore in Q1FY23 from Rs 4,830 crore in Q1FY22
Stocks to watch today: L&T Technology Services and Jindal Steel and Power will share June quarter 2022 (Q1FY23) results on Friday, July 15.
Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24
Analysts expect 2Ws to reflect strong volumes in Q2FY23 amid strong pent-up demand, and improved mobility in June quarter 2022 (Q1FY23)
CLOSING BELL: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards
The company said it continues to witness encouraging trends via their online channels, and remains confident of their long term sustainable and profitable growth ahead
Stocks to watch today: Tata Elxsi, L&T Infotech will report their June quarter results 2022 on Thursday July 14; Mindtree posted 37.3 per cent rise in net profit to Rs 471.6 crore for Q1FY23.
Increase in lending rates, credit growth etc are expected to help banks report a rise in income and profits in Q1FY23. Here's a glimpse of how Q1 results of the banking sector may look like.
In a Q&A, HCL Technologies CEO and MD C Vijayakumar, talks about growth momentum from its majority market the US and managing supply-side issues
The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.