Market Commentary - Stock Alert
TCS, Infosys, NTPC, Anand Rathi Wealth to be watched As on : 13-Apr-23  08:42

TCS: The IT major's consolidated net profit rose 5.03% to Rs 11,392 crore on 1.6% increase in net sales to Rs 59,162 crore in Q4 FY23 over Q3 FY23. On a year on year (YoY) basis, net profit rose 14.77% and net sales rose 16.94% in Q4 FY23. The company's board recommended a final dividend of Rs 24 per share.

Infosys: The IT major will declare its Q4 March 2023 earnings today.

NTPC: NTPC has decided to issue unsecured non-convertible debentures of Rs.3,000 crore, through private placement at a coupon of 7.35% p.a. for a tenor of 3 years, maturing. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes.

Bharat Heavy Electricals (Bhel): State-run PSUs Nuclear Power Corporation of India Limited (NPCIL) and Bhel have entered into an MoU to jointly pursue business opportunities in the area of Nuclear Power Plants based on Pressurized Heavy Water Reactor (PHWR) technology.

Anand Rathi Wealth: The company's consolidated net profit rose 23% to Rs 42.7 crore on 28% increase in total revenue to Rs 146.8 crore in Q4 FY23 over Q4 FY22.

Rail Vikas Nigam Limited (RVNL): RVNL has received Letter of Award (LOA) from North Western Railway for “Provision of Automatic Block Signalling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western. Order size is Rs 63.08 crore.

B.L. Kashyap and Sons: The company has secured new order aggregating to Rs 141 crore approx from National High Speed Rail Corporation for construction of training institute buildings at Vadodara.

Varun Beverages: The leading beverages maker announced that its board will consider a stock split on 2 May 2023.

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