SBI, Adani Green Energy, Tata Consumer Products among stocks to watch out for on May 5

May 5, 2022

By: Bhakti Makwana

State Bank of India

The country’s largest bank’s executive committee will meet on May 10 to consider raising upto $2 billion in single or multiple tranches for FY23.

Credit: BCCL

Tata Consumer Products

The company’s consolidated net profits for the Jan-Mar quarter grew over three times to ₹239 crore as compared to ₹74 crore last year.

Credit: Havells-India

Adani Green Energy

The renewable energy company’s consolidated net profit grew 16 percent on year to ₹121 crore in the March quarter compared to a year ago.

Credit: Havells-India

Adani Total Gas

Reported a 44 percent year-on-year fall in its consolidated profit in the March quarter at ₹81 crore from ₹127 crore in the same quarter last year due to higher natural gas prices.

Credit: Havells-India

Havells India

The electrical equipment manufacturer posted a 16 percent year-on-year growth in the March quarter at ₹352 crore from ₹303 crore last year.

Credit: Havells-India

CarTrade Tech

The company reported a loss of ₹21 crore for the quarter ended March as against a profit of ₹15 crore last year.

Credit: CarTrade-Tech

Cyient

Announced that they are signing a definitive agreement to acquire 100 percent stake in Grit Consulting, Singapore.

Credit: BCCL

IPO watch

Today is the second day to subscribe to the LIC IPO that will close on May 9, which means it will be open for five days excluding Sunday. On the first day, the issue was subscribed 65 percent. Also, Rainbow Children’s Medicare is likely to announce its share allotment status today.

Credit: BCCL

Earnings today

TVS Motor Company, Adani Power, Adani Transmission, Dabur India, Marico, Exide Industries, Happiest Minds Technologies, Indus Towers, Voltas, AAVAS Financiers, Blue Star, Aptus Value Housing Finance India, Blue Dart Express among others

Credit: BCCL

RBI cuts FY23 GDP growth forecast to 7% as developed world heads into recession