Stocks to Watch: Hindalco, Muthoot Finance, Bharti Airtel, Sun Pharma, HDFC

Sun Pharma: The firm’s US-based arm Taro Pharma has reported a internet revenue at $27.4 million within the current quarter vs lack of $29.78 million a year-ago. Its internet gross sales got here 3.4 per cent decrease at $143.3 million vs $148.3 million from a year-ago.

Muthoot Finance: The firm’s consolidated internet revenue dipped 2.3 per cent 12 months on 12 months to Rs 997 crore for the quarter ended March 2022. Consolidated revenues declined 2.7 per cent to Rs 3,021 crore. The dip in revenue is due to decrease revenues and better worker prices partially negated by decrease impairment on monetary devices.

NMDC: State-owned NMDC on Thursday mentioned its consolidated internet revenue fell 36 % to Rs 1,812.98 crore for the quarter ended March 31, weighed down by greater bills. The firm had clocked Rs 2,835.54 crore internet revenue in the course of the January-March quarter of 2020-21.

Tata Power: Tata Power Renewable commissioned 100 megawatt (MW) venture for MSEDCL in Partur, Maharashtra. With this addition of 100 MW, the renewables capability in operation for Tata Power now stands at 3,620 MW with 2,688 MW of photo voltaic and 932 MW of wind.

Bharat Dynamics: The firm’s internet revenue rose 1.5 per cent YoY to Rs 2,644 crore for the March quarter. Revenues elevated 21.5 per cent to Rs 13,811 crore. The firm has really helpful a ultimate dividend of Rs 1 per share (face worth of Rs 10 every) for the 12 months ended March.

Union Bank: The financial institution mentioned it goals to safe capital funds not exceeding Rs 8,100 crore by elevating fairness capital no more than Rs 3,800 crore and issuing AT 1 / Tier 2 bonds not exceeding Rs 4,300 crore.

AstraZeneca Pharma India: The firm reported a two per cent rise in March quarter internet revenue at Rs 27.98 crore from the identical quarter final 12 months. Net income rose 10.3 per cent at Rs 232 crore. The board has really helpful a ultimate dividend of Rs 8 per share for the monetary 12 months 2021-22.

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