Stocks to Watch: DMart, IOC, SML Isuzu, Maruti, HAL, Fertilizer, IT Stocks

Major benchmarks are expected to start the action-packed week on a calm note taking inspiration from global peers. The focus this week will be on the upcoming RBI policy, in which economists expect the central banker to raise its inflation expectations. As of 7:10 a.m., SGX Nifty April futures were quoted at 17,712 versus Friday’s Nifty spot close of 17,670.

IT inventory: IT companies may overcome Ukraine crisis, inflation worries in recently concluded March quarter. Indian IT services players’ results for the third quarter of FY22 are expected to show continued growth momentum as demand increases driven by digital transformations and the move to the cloud, but analysts expect margins to be lower. under pressure due to supply problems. READ MORE

Additionally, in major relief for Indian information technology (IT) companies operating in Australia, Canberra has agreed to change its domestic laws to stop taxing the offshore income of such Indian companies, as part of the free trade agreement signed on Saturday. READ MORE

SML Isuzu: The company announced a 3-4% price hike on all its models, trucks and buses starting April 4, 2022.

Avenue Supermarts (DMart): The company reported a 17.8% year-over-year increase in third-quarter revenue on a stand-alone basis. According to a statement released by the company to the ESB, the company’s own-source operating income for the quarter ended March 2022 rose to Rs 8,606.09 crore from Rs 7,303.13 crore.

Indian Petroleum Corporation (IOC): The petroleum retailer said on Sunday it would invest nearly Rs 840 crore in expanding its petroleum, oil and lubricants storage capacity, including setting up a new facility, in the northeast.

Everready industries: The Supreme Court ordered the Arbitral Tribunal to adjudicate on a jurisdictional challenge claim raised by Eveready Industries in the case with KKR India Financial Services without being influenced by the submissions of the Division and Single Bench of the Delhi High Court. READ MORE

Maruti-Suzuki: The country’s largest automaker aims to sell 4 to 6 lakh of CNG units in the current fiscal year, depending on the supply situation of key components, according to a senior company official.

Adani companies: Andhra Pradesh canceled bids made for two separate tenders by Adani Enterprises to supply imported coal because quoted prices were too high, two state government officials said. Reuters.

HDFC Bank: The loan portfolio of the country’s largest private sector lender grew by approximately 20.9% on a yearly basis (YoY) to reach Rs 13.69 trillion in FY22. The loan portfolio in price was 11.32 trillion rupees as of March 31, 2021. READ MORE

Hindustan Aeronautics (HAL): Public sector aerospace giant HAL said on Friday it recorded its highest revenue of over Rs 24,000 crore (provisional and unaudited) in the financial year 2021-22 (FY22 ). READ MORE

JB Chemicals: The KKR-backed company, owner of flagship brands Rantac and Metrogyl, is trying to break into the pellet category with the aim of increasing its domestic market share to 60% of revenue. The company now plans to penetrate new areas such as sleep disorders, sexual well-being, motion sickness and immunity apart from the conventional areas such as cough, sore throat, etc. READ MORE

Fertilizer stocks: Fertilizer companies have begun to pass on some of the rising input costs to farmers. Sources said that leading fertilizer IFFCO has increased the price of DAP from Rs 1,200 per bag to almost Rs 1,350 per 50kg bag (an increase of 12.5%), while that of a variety of NPKS has been increased to Rs 1,400 per 50 kg bag from the first Rs 1,290 per bag (an increase of 8.5%). READ MORE

Future Retail: The debt-ridden company said it had missed the due date for repayment of Rs 5,322.32 crore to lenders due to ongoing disputes with major e-commerce Amazon and other related issues.

Jet Airways: The banks have given conditional advocacy support to the Kalrock-Jalan consortium for an additional two months to fulfill the conditions required for the implementation of the Jet Airways stimulus package. The NCLT will hear the case on Monday; The consortium had said the extension was necessary to prevent the company from sliding into liquidation. READ MORE

Power of torrents: The company has officially taken over power distribution operations in the Union Territories (UTs) of Dadra & Nagar Haveli, Daman and Diu, one of the first UTs to be privatized under the government program.

Public Sector Banks (PSB): State-owned banks that have received capital through recapitalization (recap) bonds may have to cash in around Rs 13,000 crore following the Reserve Bank of India (RBI) directive to recognize these bonds at market value, according to CIFAR. READ MORE

Nirmitee Robotics: The company has set April 15 as the registration date for its free allocation project in a ratio of 5:1, ie five free shares for one share held by the shareholder.

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