HCL Tech, Paytm, Nestle, TVS Motor among stocks to watch out for on April 22

Apr 22, 2022

By: Bhakti Makwana

HCL Technologies

The information technology (IT) firm reported an over three-fold rise in net profit at ₹3,593 crore in Jan-March period citing buoyant market environment and strong momentum across verticals and service lines.

Credit: Nestle

Nestle

The fast-moving consumer goods (FMCG) company reported a 1.3 percent year-on-year fall in its net profit at ₹594 crore for March quarter while its revenue rose by 10 percent to ₹3,980 crore.

Credit: Nestle

TVS Motor Company

The two and three wheeler maker announced an additional investment of £100 million in Norton Motorcycles, the iconic UK brand it acquired in April 2020.

Credit: BCCL

Paytm

Canada Pension Plan Investment Board has increased its stake in Paytm to 1.71 percent from 1.5 percent in the previous quarter. Moreover, retail shareholding in the company has more than doubled to 7.72 percent from 3.49 percent.

Credit: BCCL

Tata Communications

The Tata Group company has posted a 22 percent growth in consolidated net profit at ₹365 crore for the March quarter. Also, the firm is considering a dividend of ₹20.7 per share.

Credit: BCCL

ICICI Lombard General Insurance Company

The insurance company announced a 10 percent decline in net profit at ₹313 crore for the January-March quarter.

Credit: BCCL

L&T Technology Services

The company reported a nearly 35 percent rise in its consolidated net profit at ₹262 crore for the quarter ended March.

Credit: BCCL

RailTel Corporation of India

The company has received a work order from National Informatics Centre Services related to work of immigration visa and foreigner registration and tracking at a total cost of ₹29.75 crore.

Credit: RailTel-Corporation-of-India

Earnings today

Hindustan Zinc, Aditya Birla Money, Sundram Fasteners, Tata Metaliks and Tejas Networks are among companies that will report their quarterly earnings today.

Credit: BCCL

India's retail inflation dropped below 7% in July for the first time in four months