Stocks to watch: Vedanta, Maruti Suzuki, Hero MotoCorp, IOC, Tata Power and others

When they release their September quarter profits today, Bharti Airtel, Tata Steel, L&T, Castrol India, and Aashi India Glass will be in the spotlight.

On Monday, with optimistic global cues, the Sensex and Nifty indices are set to move decisively higher.

The BSE Sensex gained 203.01 points to 59,959.85 and Nifty50 gained 49.85 points to 17,786.80.


Top 10 stocks that will be the subject of today’s attention are listed below:

Hero MotoCorp: The leading two-wheel manufacturer in the nation reported double-digit growth in retail sales throughout the holiday season on Friday. According to the corporation, retail sales grew more than 20% during the holiday season of FY22 compared to the same period last year. The success of Hero MotoCorp’s popular models across sectors, including the 100cc Splendor+, 125cc motorcycles Glamour and Super Splendor, and the XPulse series in the premium segment, drove the company’s festival season retail sales.

Dr. Reddy’s Laboratories: On Friday, Dr. Reddy’s Laboratories Ltd. reported a 12% increase in its consolidated profit after tax (PAT) for the quarter ended September 30, 2022, from Rs.992 crore to Rs.1,112,80 crore. When compared to the first quarter of FY ’22, when revenues were Rs.5,763.20 crore, they increased by 9% to Rs.6,305.70 crore during the quarter under consideration.

Indian Oil Corporation: State-owned Indian Oil Corporation (IOC) on Saturday announced a net loss of Rs.272.35 crore for the three months ending in September. This is the second consecutive quarter that IOC has experienced a loss due to the sale of gasoline, diesel, and cooking gas LPG below cost. According to a company’s registration with the stock markets, the net loss for the period of July through September 2021 was Rs.272.35 crore rupees as opposed to a profit of Rs.6,360.05 crore. IOC suffered significant losses in the first quarter of the current fiscal year as a result of failing to adjust the pricing of cooking gas LPG, gasoline, and diesel in order to help the government rein in spiralling inflation.

Mondelez India: According to financial information received by business intelligence platform Tofler, confectionery giant Mondelez India Foods’ net profit fell 2.33 percent to Rs.977.91 crore in FY22 while its income from operations/sales increased 15.89 percent to Rs.9,242.05 crore. The company that owns well-known brands including Cadbury Dairy Milk, 5 Star, and Gems, Mondelez India Foods Private Ltd, announced a net profit of Rs.1,001.34 crore and operating revenue of Rs.7,974.61 crore for the fiscal year that ended on March 31, 2021.

NTPC: The state-owned power company NTPC announced on Saturday that its consolidated net profit for the September quarter fell by more than 7% to Rs.3,417.67 billion, primarily as a result of increasing expenses. According to a BSE report, the company’s combined net profit for the three months ended September 30, 2021, was Rs.3,690.95 crore. From Rs.33,095.67 crore in the same quarter last year, total income increased to Rs.44,681.50 crore in the most recent quarter.

Tata Power: On Friday, Tata Power announced that its consolidated net profit increased by approximately 85% to Rs.935.18 crore in the September 2022 quarter, mostly due to greater revenue. According to a BSE filing, the company’s combined net profit for the three months ended September 30, 2021, was Rs.505.66 crore. From Rs.10,187.33 crore a year ago, the company’s overall revenue increased to Rs.14,181.07 crore in the quarter.

Maruti Suzuki: Wagon R, Celerio, and Ignis are three of the vehicles that Maruti Suzuki is recalling, the company stated on Saturday. The automaker stated that the recall was being conducted to address a potential flaw in the rear brake assembly pin. Additionally, it mentioned that between August 3 and September 1 of this year, these concerned vehicles were produced.

JSW Energy: JSW Energy announced on Friday that its consolidated net profit increased by 37% in the September quarter over the same time the previous year, to Rs.466 crore, mostly as a result of greater revenues. In the comparable quarter of the prior year, the company earned an after-tax profit of Rs.339 crore, according to a statement. According to JSW Energy, total revenue for the quarter climbed by 16% YoY to Rs.2,596 crore from Rs.2,237 crore in the corresponding quarter last year.

Vedanta: On Friday, the mining company Vedanta Ltd reported a more than halving of its second-quarter net profit due to decreasing commodity prices, increased energy prices, and a windfall profit tax imposed by the government. According to a statement from the firm, consolidated net profit for the months of July through September was Rs.2,690 crore, or Rs.4.88 per share, down from Rs.5,812 crore, or Rs.12.46 per share, during the same period last year.

United Breweries: The maker of Kingfisher beer, United Breweries, will to invest around 350 crore in capital expenditures in 2019. The investment is intended to support the business’ anticipated volume growth in India. Additionally, UBL, which is supported by the global Dutch brewery Heineken, is likely to pursue price rises in order to counteract the effects of inflationary pressures on costs.