Stocks in Focus: Today the focus will be on other companies including Tech Mahindra, SBI, Adani Green, Indian Hotels and HDFC.
Market Outlook: After the presentation of the budget, there is a bullish trend in the market. Sensex is showing a jump of more than 400 points in early trade on the basis of buying in banking and IT stocks and Nifty has also reached beyond 17700. Talking about individual stocks, today the focus will be on companies like Tech Mahindra, Lakshmi Organic Industries, Union Bank of India, SBI, Windlass Biotech, VIP Industries, Indian Hotels, HDFC, Adani Green Energy, Adani Total Gas, Apollo Tires and Zee Entertainment. .
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Today focus will be on these stocks
- Tech Mahindra: IT giant Tech Mahindra’s consolidated net profit increased from Rs 1340.9 crore year-on-year to Rs 1378.2 crore in the third quarter October-December 2021 of the current financial year. The company’s revenue also increased year-on-year to Rs 11450.8 crore from Rs 10881.3 crore during this period.
- Laxmi Organic Industries: Consolidated profit of Lakshmi Organic increased in the December quarter. In October-December 2021, the company’s profit increased from Rs 45.21 crore to Rs 82.09 crore on a year-on-year basis. The company’s revenue also increased from Rs 435.5 crore to Rs 859.87 crore on a year-on-year basis.
- Union Bank of India: Nidhu Saxena took over as the executive director of the bank on Tuesday. Prior to this he was General Manager and Vertical Head (Retail Credit, MSME & Bancassurance) of UCO Bank.
- SBI: The prices of the country’s largest bank SBI had strengthened for two consecutive days before the budget, but after the presentation of the budget yesterday, selling started in its shares. On the day of the budget, it had jumped about 2 per cent in the initial trade but after that it closed with a fall of about 1 per cent.
- Windlas Biotech: Windlass Biotech has finalized the SAHPRA (South African Health Products Regulatory Authority) inspection audit report of Plant-4, Dehradun.
- VIP Industries: VIP Industries posted a consolidated profit of Rs 33.47 crore in the December 2021 quarter as against a loss of Rs 7 crore a year ago. The company’s revenue increased from Rs 232.53 crore to Rs 397.34 crore on a year-on-year basis.
- Indian Hotels: Indian Hotels is recovering from the Corona epidemic and in the last quarter October-December 2021, it made a consolidated profit of Rs 95.96 crore as compared to a loss of Rs 133.22 crore a year ago. Indian Hotels’ revenue increased from Rs 559.86 crore in the December 2021 quarter to Rs 1111.22 crore on a year-on-year basis.
- The results of these companies will come today: Today HDFC, Adani Green Energy, Dobur India, Apollo Tyres, Adani Total Gas, Bajaj Consumer Care, JK Lakshmi Cement, Jubilant Foodworks, M&M Financial Services, Suryodaya SFB, Tata Consumer Products, Windlass Biotech, Zee Entertainment and Zydus Cadila more companies The results will come.
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