Stock to watch: Tech Mahindra, Hero MotoCorp, Voltas, Adani Ports, Reliance and more | Business Upturn

Stock to watch: Tech Mahindra, Hero MotoCorp, Voltas, Adani Ports, Reliance and more

Watch these stocks today: The focus of trading on Wednesday will be on shares of companies like TechM, Adani Transmission, Eicher Motors, Hero Moto, and others.


The Singapore Exchange’s Nifty futures traded 18 points, or 0.10 percent, higher at 18,237, indicating that Dalal Street will open to a slow pace on Wednesday.

Q2 Result: Results for the second quarter will be announced today by M&M Financial Services, Adani Transmission, Dalmia Bharat, EIH, GATI, Gravita India, JK Paper, and Kajaria Ceramics.

Reliance, ONGC, and Refiners: The government raised the special additional excise duty on the export of aviation turbine fuel from Rs 3.5 per litre to Rs 5 per litre while lowering the windfall tax on crude oil from Rs 11,000 per tonne to Rs 9,500. The special additional excise duty on diesel export has also gone up from Rs. 12 per litre to Rs.


Adani Ports: The largest private port operator in India, Adani Ports and Special Economic Zone, on Tuesday recorded a 69% increase in quarterly profit thanks to strong cargo volumes. The business’s combined earnings for the three months that ended on September 30 increased to 16.77 billion Indian rupees ($203 million).

Tech Mahindra: As a result of pressure from the supply side, the company’s net profit for Q2 FY23 fell by 4% to Rs 1,285 crore. On a quarterly basis, however, profits increased by 13.6%. At Rs 13,129 crore, revenue for the quarter increased by 20.7% year over year.

LIC Housing Finance: During the second quarter of fiscal year 2022, which concluded in September, the company’s net profit increased by 23% YoY to Rs 304.97 crore, mostly as a result of a decrease in provisions. It earned a net profit of Rs 247.86 crore in the second quarter of FY22.


TVS Motor Company: The company saw sales rise from 355,033 units in October 2021 to 360,288 units in October 2022, representing a 2% growth.

Cholamandalam Investment and Finance Company: The company reported a 7% decline in net profit for the second quarter of the fiscal year 2022–23 to Rs 563 crore, down from Rs 606 crore for the July–September quarter of the prior fiscal year.

Maruti Suzuki India: The business reported that it produced 1.56 lakh automobiles in October 2022, up 15.8% from the 1.34 lakh units produced in the same month the previous year. It claimed that a significant shortage of electronic components in October 2021 had a negative influence on production volume.

Eicher Motors: In contrast to the same month last year, the company sold 86% more Royal Enfields, 82,235 units, in October 2022. 5,707 Royal Enfields were sold internationally, a 62% YoY increase.

Grasim Industries: The company’s board has authorised a maximum NCD raise of Rs 1,000 crore.

Hero MotoCorp: On a year-over-year basis, the company’s overall revenues decreased 17% in October. Exports dropped by 41.8% to 11,757 units from 20,191 units a year earlier.

Voltas: The firm reported a consolidated loss of Rs. 6 crore for Q2FY23 as opposed to a profit of Rs. 104 crore the previous year, which was impacted by a provision made on an international project. From a year ago, revenue increased by 5.5% to Rs 1,833 crore.

NCC: In October, the business received two new orders totaling Rs 1,056 crore.

Kansai Nerolac Paints: The business reported a 27% year-over-year rise in consolidated profit for Q2FY23 at Rs. 111.2 crore, helped by greater operating income. To Rs 1,931 crore for the quarter, operating revenue increased by 19% year over year.