Market Commentary - Stock Alert
Titan Company, Tata Chemicals, ABB India in spotlight As on : 04-May-23  07:34

Titan Company: The Tata Group company's standalone net profit surged 49.49% to Rs 734 crore on 26.43% jump in revenue from operations to Rs 8,533 crore in Q4 FY23 over Q4 FY22.

Tata Chemicals: The company's consolidated profit after tax from continuing operations rose 48% to Rs 694 crore in Q4 FY23 over Q4 FY22. Income from operations rose 27% to Rs 4407 crore in Q4 FY23 over Q4 FY22.

ABB India: The company's standalone profit after tax from continuing business fell to Rs 245 crore in Q1 FY23 from Rs 370 crore in Q1 FY22. Revenues rose to Rs 2411 crore in Q1 FY23 from Rs 1968 crore in Q1 FY22. Order backlog as of 31 March 2023 was Rs 7,170 crore.

Hero MotoCorp: VIDA, Powered by Hero, the emerging mobility brand of Hero MotoCorp is all set to expand its operations in the country. VIDA plans to increase its presence to 100 cities within this calendar year 2023. It will use Hero MotoCorp's expansive dealer network to rapidly scale up its operations across the country.

SJVN: The company has obtained 200 MW Grid Connected Solar Power Project in Khavda Solar Park through e-Reverse auction conducted by Gujarat Urja Vikas Nigam Limited ('GUVNL').

AstraZeneca Pharma India: The company has received a permission in Form CT-20 to Import for sale and distribution of Trastuzumab deruxtecan (Enhertu) 100mg/5mL vial lyophilized powder for concentrate for solution for infusion from the Central Drugs Standard Control Organisation, Directorate General of Health Services, Government of India.

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