Zomato, HDFC, HDFC Bank, Paytm and other hot stocks to watch out for on May 23

May 23, 2022

By: Rounak Jain

Zomato

The food ordering startup will announce its March quarter results today and also take its first investor call after listing on the stock exchanges.

Credit: Zomato

HDFC, HDFC Bank

India’s largest private sector lender and the largest private housing finance company revealed that foreign investors have pared their holdings in the two companies post the merger announcement, to 66.55 percent from 68.56 percent.

Credit: BCCL

Paytm

The troubled payments startup reported a 72 percent increase in loss to ₹763 crore in the March quarter compared to a year ago. Revenue, however, surged 90 percent to ₹1,541 crore.

Credit: Paytm

Earnings today

Zomato, SAIL, Bharat Electronics, Divi’s Lab, Ramco Cement, TRF, Graphite India, Birlasoft, among others.

Credit: Pixabay

Infosys

It has reappointed Salil Parekh as its CEO and MD for another term of 5 years from July 1, 2022 to March 31, 2027.

Credit: Infosys

Jet Airways

Has been given the licence to fly again after being reissued the air operator certificate by the Directorate General of Civil Aviation.

Credit: BCCL

Sun Pharma

Has recalled 10,500 bottles of a generic drug meant for the treatment of depressive disorders after a customer complaint.

Credit: Sun-Pharma

Power Grid Corporation

Reported a surge of 18 percent in net profit to ₹4,156 crore in the March quarter compared to a year ago. Revenue increased marginally to ₹11,068 crore from ₹10,816 crore.

Credit: BCCL

BHEL

Bounced back in the black in the March quarter with a profit of ₹912 crore against a loss of ₹1,035 crore a year ago. Revenue grew 12 percent to ₹8,062 crore.

Credit: BCCL

Amara Raja Batteries

Its net profit nearly halved to ₹99 crore in the March quarter compared to a year ago, while revenue was up marginally by 4 percent to ₹2,181 crore in the same period.

Credit: Amara-Raja-Batteries

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