Stocks Under Focus on May 6: RIL, TVS Motor, Adani Power, Tata Power & More

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Stocks Under Focus on May 6: RIL, TVS Motor, Adani Power, Tata Power & More

By Malvika Gurung

Investing.com -- TVS Motor Company (NS: TVSM ): The two-wheeler and three-wheeler manufacturer’s net profit declined 5.1% YoY to Rs 274.5 crore and revenue rose 4% YoY to Rs 5,322 crore in the March quarter.

Tata Motors (NS: TAMO ): The domestic automaker has announced to foray into the electric last-mile cargo segment by rolling out the Ace EV.

Dabur India (NS: DABU ): The FMCG giant’s net profit declined 22% YoY to 294.2 crores in the March quarter, led by high input costs and muted consumption, while revenue from operations climbed 8% YoY to Rs 2,517.8 crore.

Adani Power (NS: ADAN ): The power company’s consolidated net profit rallied 35,630.7% YoY to Rs 4,645 crore in the March quarter, while revenue skyrocketed 93% YoY to Rs 13,308 crore

Wipro (NS: WIPR ): The IT major and HFCL have partnered to jointly develop a 5G product portfolio.

Indus Towers (NS: INUS ): The telecom infrastructure company’s consolidated PAT surged 34% YoY to Rs 1,829 crore in the March quarter, while revenue gained 10% YoY to Rs 7,116 crore.

CEAT (NS: CEAT ): The tyre company’s consolidated net profit declined 84% YoY to Rs 25 crore in Q4 FY22, but revenue from operations climbed 13.2% YoY to Rs 2,592 crore in the period.

Companies including Reliance Industries (NS: RELI ), Canara Bank (NS: CNBK ), Tata Power (NS: TTPW ), Sundaram Clayton (NS: SUND ), Shipping Corporation (NS: SCI ), and Bajaj Consumer Care (NS: BACO ), among others, will release their earnings results on Friday.

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