Kairi brown 
Stocks to Watch Today: Axis Bank, Tata Steel, L&T, Asian Paints, and Others
The market lost half percent in the last session after an increase of nearly five percent in six successive sessions before, dragged by Auto, Pharma, Banks Select, FMCG and financial services shares. The market seems to be careful ahead of the Federal Reserve policy meeting. BSE Sensex fell more than 300 points to 55,766, while Nifty50 dropped 88.5 points to 16,631.
Today’s results
Larsen & Toubro, Asian Paints, Bajaj Finserv, Bajaj Auto, Tata Power Company, Union Bank of India, Aditya Birla Sun Life AMC, United Spirits, Ujjivan Small Finance Bank, Uti Asset Management Company, Greenlam Industries, Ramco Systems, Symphony India, buyers stopped, Apollo pipes, Eih Associated Hotels, EPL, Ethos, Kei Industries, Mahindra EPC Irrigation, PNB GILTS, SIS, South India Bank, and TTK Healthcare will be the focus before the June quarter income on July 26.
Stock in today’s focus
Tata Steel
The company has reported a decrease of nearly 13 percent of years-year-year in consolidated profit in RS 7,765 Crore for the quarter ended June 2022, which was influenced by higher input costs and tax costs. Revenue during the quarter increased 18.6 percent yoy to 63,430 crore Rs during this quarter. EBITDA Consolidation was established in RS 15,047 Crore, despite the sharp increase in input costs, especially coal and gas prices in Europe, down 7 percent yoy.
Axis bank
The private sector bank recorded a 91 percent year-to-year profit growth with a price of RS of 4,125 Crore which was driven by lower provisions, but other revenues dropped 11 percent and pre-supply operating profit down 5 percent yoy. Net interest income grew 21 percent to RS 9,384 crore during the same period.
Lupin
The pharmaceutical company has received approval from the US FDA for new drug applications (ENA), Azilsartan Medoxomil Tablet, to market generic equivalent from the Edition Tablet from Azurity Pharmaceuticals Inc., in the US. This product will be produced at Lupin facilities in Nagpur, India.
Tech Mahindra
IT service providers reported a decrease in sequential 24.8 percent in consolidated profit in 1,132 Crore Hospital for the quarter ended June 2022 which was influenced by weak operation performance. Revenue grew by 4.9 percent qoq to Rs 12,708 Crore during the same period and EBITDA fell 10 percent QoQ to 1,880 Crore RS. Dollar revenue grew by 1.5 percent qoq to $ 1,632 million and revenue growth in a constant currency was 3.5 percent qoq.
PRO
Sonata software
The company said the council had agreed to the problem of one equity bonus for every three equity shares owned by the company’s shareholders as on the record date. The issue of equity stock bonuses will be subject to approval by shareholders. The company reported a 24 percent year-to-year growth in consolidated profit in RS 107.76 Crore and income grew by 40.2 percent to 1,778.86 Crore Yoy RS.
Tanla platform
The company reported a decrease in profit of 4 percent year-to-year with a price of RS 100.4 Crore for the quarter ended June 2022, being attached by a weak operating performance. Strong income, up 27.7 percent to 800.1 Crore RS during the same period. EBITDA fell 2.8 percent to RS 130.70 Crore and Margin contracted to 16.3 percent from 21.5 percent in the same period.
Macrotech developers
Real Estate companies have recorded 69 percent year-to-year-to-year-to-year-to-year-to-271.26 crores for the quarter ended June 2022, driven by strong topline growth. Income grew by 66.67 percent to 2,675.75 crore hospitals in the same period. It was the best first quarter with 2,814 CRORE Pre-Sales from its Indian business.
Automation of craftsmen
The company recorded a consolidated profit growth of 135.3 percent year-to-year with consolidated profit in RS 56.64 Crore for the quarter ended June 2022, supported by a higher upper line and operating income. Revenue jumped 55.55 percent yoy to RS 676.96 Crore during the same period.
