Stocks in Focus on May 5: SBI, Kotak Mahindra, TVS Motor, Dabur & More

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Stocks in Focus on May 5: SBI, Kotak Mahindra, TVS Motor, Dabur & More

By Malvika Gurung -- State Bank Of India (NS: SBI ): The public lender’s board will meet next week to consider raising up to $2 billion by public issue of bonds or through other means.

Kotak Mahindra Bank (NS: KTKM ): The private lender’s standalone net profit jumped 65% YoY in Q4 FY22, while NII climbed 18% YoY to Rs 4,521 crore in the period.

Adani Total Gas (NS: ADAG ): The company’s net profit in the March quarter fell 47.5% YoY to Rs 76 crore in the March quarter, as its used expensive imported LNG for meeting the rising demand for CNG and piped cooking gas. Its revenue surged 73% YoY to Rs 1,065.5 crore.

Tata Consumer Products (NS: TACN ): The FMCG company’s consolidated net profit rallied a whopping 223% YoY at Rs 239.05 crore in the March quarter, and its revenue from operations climbed 4.5% YoY to Rs 3,175.41 crore in the period.

ABB India (NS: ABB ): The engineering services company’s profit rallied 145% YoY to Rs 370 crore, and revenue surged 21% YoY to Rs 1,968 crore in the March quarter.

Future Retail (NS: FURE ): The debt-ridden company’s Managing Director Rakesh Biyani has stepped down from his position, along with other officials of the company, including the company secretary.

UPL (NS: UPLL ): The agrochemicals company has acquired OptiCHOS, for its business unit of natural plant protection.

Companies including Adani Power (NS: ADAN ), TVS Motor (NS: TVSM ), Dabur India (NS: DABU ), Marico (NS: MRCO ), Indus Towers (NS: INUS ), and CEAT (NS: CEAT ), among others, will release their earnings results for the March ending quarter on Thursday.

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