Important results today: Tech Mahindra, Nestle, Yes Bank, JSW Steel

Heidelbergcement India, Mahindra EPC Irrigation, Mold-Tek Technologies, Huhtamaki PPL, Persistent Systems will announce their quarterly earnings on October 23.

Oct 23, 2020 12:10 IST India Infoline News Service

Result Analysis
Quarterly results that are expected today include Tech Mahindra, Nestle India, Yes Bank, ICICI Lombard General Insurance Company, IDBI Bank, JSW Steel.

Aarti Drugs, Alphageo (India), Apollo Tricoat Tubes, Atul, Genus Power Infrastructures, Heidelbergcement India, Mahindra EPC Irrigation, Mold-Tek Technologies, Huhtamaki PPL, Persistent Systems, Premier Explosives, Rane Engine Valve, Sudarshan Chemical Industries, Supreme Petrochem, Vikas Multicorp and Wabco India will announce their quarterly earnings on October 23.

According to the media reports, Tech Mahindra is expected to post a fall in EBITDA margin and profit after tax (PAT) on a yearly basis. As per the brokerage, capital allocation policy will be an area of focus along with measures taken by the company to improve operating margins and sustainable operating band.

Nestle India is likely to report moderate fall in profit due to higher tax expenses, but continued demand for ready-to-eat products could drive revenue growth in the range of 7-12% yoy, the media reports added.

Yes Bank is expected revenue may be in pressure due to weak fee income (sharp decline) and decline in net interest income (NII) (about 12% YoY), the media reports said.

Stock view:
Tech Mahindra Ltd is currently trading at Rs843.90 up by Rs5.8 or 0.69% from its previous closing of Rs838.10 on the BSE.

JSW Steel Ltd is currently trading at Rs324.35 down by Rs1.4 or 0.43% from its previous closing of Rs325.75 on the BSE.

Yes Bank Ltd is currently trading at Rs12.86 up by Rs0.14 or 1.1% from its previous closing of Rs12.72 on the BSE.

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