Stocks to Watch: Dabur, Wipro, IndiGo, Vodafone Idea, Adani Wilmar, Sugar

A likely positive start awaits the Sensex and Nifty indices amid upbeat global sentiment. The US stocks market rose up to 2.6 per cent after two days on Wednesday.At 7:15 am, the SGX Nifty futures were quoting at 17,500, up around 100 points from Nifty futures’ previous close.That said, here are some stocks that will likely be see some market action today:

Q1 Earnings: Britannia Industries, GAIL India, Adani Enterprises, LIC Housing Finance, Dabur India, Alembic Pharmaceuticals, Adani Total Gas, Aarti Surfactants, Aptech, Balkrishna Industries, Balrampur Chini Mills, BEML, Berger Paints India, Bharat Heavy Electricals, Blue Star, Container Corporation of India, Dalmia Bharat, Glenmark Life Sciences, Gujarat State Petronet, Kalyan Jewellers, Krsnaa Diagnostics, and Manappuram Finance, amomg others will release their Q1 results today.

Vodafone Idea: Vodafone Idea (Vi) net loss has remained flat year-on-year (YoY) at Rs 7,296 crore in Q1 of FY23 despite 13.7 per cent growth in revenue. In the same period last year, the company had posted a net loss of Rs 7,319 crore. However, on a sequential basis, the net loss widened by 10.6 per cent.

Adani Wilmar: Adani Wilmar (AWL) on Wednesday reported that its June quarter profit increased 10.2 per cent year-on-year (YoY) to Rs 193.59 crore against Rs 175.70 crore in the corresponding quarter of the last financial year. The FMCG company’s quarterly revenue jumped 30.2 per cent YoY to Rs 14,731.62 crore. Angshu Mallick, managing director (MD) and chief executive officer (CEO) speaks to Business Standard on its results and outlook.

IndiGo: India’s largest airline IndiGo’s Q1 revenue from operations surged 328 per cent to Rs 12,855.3 crore from Rs 3,007 crore in the year-ago period, it reported a loss of Rs 1,064.3 crore. However, the Q1FY23 loss was 66.5 per cent less than the loss incurred by the airline in the corresponding period a year ago.

Sugar stocks: The Cabinet on Wednesday hiked the fair and remunerative price (FRP) of sugarcane for the 2022-23 season, which starts from October, by Rs 15 per quintal to Rs 305, triggering calls from sugar mills for a commensurate rise in the minimum sale price (MSP) of sugar to keep their businesses competitive.

Adani Power: Adani Power on Wednesday reported a consolidated net profit at Rs 4,780 crore for the June quarter (Q1). It reported a consolidated net profit of Rs 278 crore in the corresponding period last financial year. The company’s consolidated revenue from operations rose 109 per cent to Rs 13,723 crore compared to Rs 6,569 crore last year.

With Thanks Reference to: https://www.business-standard.com/article/markets/stocks-to-watch-today-dabur-wipro-indigo-vodafone-idea-adani-wilmar-sugar-stocks-q1-results-122080400135_1.html