Market Commentary - Stock Alert
Hero MotoCorp, Tata Power, TVS Motor, CEAT in spotlight after declaring earnings As on : 05-May-23  07:35

Hero MotoCorp: The two-wheeler major's consolidated net profit rose to Rs 810.80 crore in Q4 March 2023 as compared to net profit of Rs 620.56 crore in Q4 March 2022. Total income rose to Rs 8,671.82 crore in Q4 March 2023 from Rs 7,627.99 crore in Q4 March 2022.

Tata Power: The company's consolidated net profit rose 48% to Rs 939 crore in Q4 March 2023 as compared to net profit of Rs 632 crore in Q4 March 2022. Revenue rose 6% to Rs 12,755 crore in Q4 March 2023 from Rs 12,085 crore in Q4 March 2022.

TVS Motor Company: The company's consolidated net profit rose to Rs 335.67 crore in Q4 March 2023 as compared to net profit of Rs 274.67 crore in Q4 March 2022. Total income rose to Rs 8,098.54 crore in Q4 March 2023 from Rs 6,598.75 crore in Q4 March 2022.

CEAT: The company's consolidated net profit rose to Rs 132.42 crore in Q4 March 2023 as compared to net profit of Rs 25.43 crore in Q4 March 2022. Total income rose to Rs 2877.21 crore in Q4 March 2023 from Rs 2595.28 crore in Q4 March 2022.

Indraprastha Gas (IGL): Diversified renewable energy company ACME Cleantech Solutions Pvt Ltd (ACME) and Indraprastha Gas (IGL) recently signed a memorandum of understanding (MoU) to jointly explore the potential business opportunities of Green Hydrogen.

Zydus Lifesciences: Zydus Lifesciences (including its subsidiaries/affiliates has received final approval from the United States Food and Drug Administration (USFDA) to manufacture and market Sucralfate Tablets USP, 1 gram. Sucralfate is used to treat and prevent ulcers in the intestines by forming a coating over ulcers, protecting the area from further injury.

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