IGI Logo

Market Updates

The Markets are expected to open marginally lower today as trend in SGX nifty indicate a negative start for the broader index after Nifty closed 18 points lower at 18,297 on wednesday.

Mahindra & Mahindra:

The auto major reported a 18.54% jump year-on-year in production volumes during April at 58,644 units, whereas sales increased 40.86% to 60,481 units compared to the corresponding months of last year. Exports slumped 32.93% in annual terms to 1,813 units.

ONGC:

The company said it has discovered oil and gas reserves in Amrit and Moonga exploration blocks in Mumbai Offshore on the Arabian Sea. Detailed assessment of the discoveries is in progress.

GMR Airports Infrastructure:

Passenger traffic at five airports managed by the company increased 33% year-on-year to 97.67 lakh during April. Meanwhile, aircraft movement at these airports saw 22% rise to 64,600 during last month.

KPI Green Energy:

KPI Green Energy: KPIG Energia, a wholly owned subsidiary of the company, won a commercial order for a 35 MW power plant from Creative Technologies. It has also commissioned a 7.2 MW wind-solar hybrid power project for Nouveau Jewellery, Surat.

NBCC (India):

The company has received total business of Rs 1,264.48 crore in April.

Q4 Results Update:

Eicher Motors Q4 FY23 Revenue rose 19% to Rs 3,804 crore. Ebitda was up 23% to Rs 933.7 crore. Ebitda margin stood at 24.5% vs 23.7%. Net Profit rose 48% to Rs 905.6 crore. The board recommended a final dividend of Rs 37 per share for the fiscal 2023.

Deepak Nitrite Q4 FY23 Revenues were up 4.75% at Rs 1,961.36 crore. Ebitda was down 15.2% at Rs 347.96 crore. Ebitda margin stood at 17.74% vs 21.92% last year. Net profit was down 12.48% at Rs 233.86 crore.

Siemens Q4 FY23 Revenue were up 27.8% at Rs 4,857.8 crore Ebitda up 32.34% at Rs 621.2 crore Ebitda margin at 12.79% vs 12.35%. Net profit was up 38.76% at Rs 471.8 crore.

Q4 Results Today:

Tata Motors, Hindustan Petroleum Corporation, Hindustan Aeronautics, Cipla, Polycab India, Indraprastha Gas, Sharda Cropchem, Colgate-Palmolive (India), Manappuram Finance, Kirloskar Ferrous Industries, Laxmi Organic Industries, Greaves Cotton, Sapphire Foods India, Solara Active Pharma Sciences, VST Tillers Tractors, Butterfly Gandhimathi Appliances etc.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740

Above views are of the author and not of the website kindly read disclaimer