RIL, TVS Motor, Voltas among stocks to watch out for on May 6

May 6, 2022

By: Bhakti Makwana

RIL

The oil-to-chemicals retail and telecom giant will announce its March quarter and FY 2021-22 results today.

Credit: BCCL

TVS Motor Company

The automobile company net profit declined 5 percent on year to ₹274 crore for March quarter. In FY22, overall two and three-wheeler sales including international business grew by 8 percent at 33.10 lakh units.

Credit: BCCL

Voltas

The home appliances manufacturer’s net profit fell 23.5 percent on year to ₹182 crore for Jan-Mar quarter.

Credit: Voltas

ICICI Bank, Bank of Baroda

ICICI Bank, Bank of Baroda, and Bank of India have raised interest rates on new loans by 40 basis points after the Reserve Bank of India hikes its repo rate citing inflationary pressure.

Credit: BCCL

Blue Dart Express

The logistics company’s consolidated net profit surged over 50 percent to ₹135 crore in the March quarter as against ₹89 crore last year. The firm declared a total dividend of ₹60 per equity share for FY22.

Credit: BCCL

CEAT

The tyre manufacturing company reported a 83 percent decline in its consolidated net profit for March quarter to ₹25 crore. The firm declared a dividend of ₹3 per equity share for FY22.

Credit: BCCL

Phoenix Mills

The retail mall developer and operator increased its stake in Classic Mall Development Company to 100 percent for ₹936 crore .

Credit: BCCL

Sona BLW Precision Forgings

The auto component company’s net profit for March quarter increased to ₹104 crore as compared to ₹59 crore reported during the same period last year.

Credit: BCCL

DCM Shriram

The company posted a 73 percent on year rise in its net profit to ₹401 crore for March quarter.

Credit: BCCL

IPO watch

Today is the third day to subscribe to the LIC IPO. So far, it has been subscribed 1.03 times.

Credit: BCCL

Earnings today

Reliance Industries, Canara Bank, Tata Power Company, Federal Bank, Bajaj Consumer Care, Apollo Pipes, Hariom Pipe Industries, Shipping Corporation of India, Reliance Home Finance among others.

Credit: BCCL

IPO frenzy returns as equity markets bounce back – ₹52,000 crore worth IPOs lined up in 2022 so far