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Consumer Durables stocks rise
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Smart Cooling Systems Market Analysis, Trends and Forecast by 2022 – KSU
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Here are the top stocks that are likely to be in focus today:
Earnings today: A total of 33 companies are set to report their Q1FY22 results today including Asian Paints, Bajaj Finance, Network 18 Media, and Shyam Metaliks. While the Street is a 90 per cent jump in Asian Paint s revenues at Rs 5,550 crore, they peg EBITDA at Rs 1,105 crore, up 130 per cent, on a low base. As regards Bajaj Finance, analysts expect the NBFC s net profit to rise anywhere between 30-90 per cent YoY, in the range of Rs 1,250-1,850 crore.
HCL Technologies: The company s first-quarter numbers were propelled by cloud and digital transformation deals. Net profit for the quarter at Rs 3,214 crore was up 9.9 per cent year-on-year and 8.5 per cent sequentially. Although, it did not meet the consensus estimate of analysts tracked by Bloomberg at Rs 3,425 crore. Further, Shiv Nadar has stepped down as the managing director and board member of HCL Technologies. He will now take on the role of Chairman Emeritus
Tata group s Voltas appoints Jitender Verma as chief financial officer
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