Top stocks in focus: Adani Wilmar, TVS Motor, NALCO, Castrol India, Hindalco

8 Feb 2022 , 07:25 AM

Adani Wilmar: The company will make its debut on the bourses on February 8. The issue price has been fixed at Rs230 per share.

TVS Motor Company: The company reported higher profit at Rs288.3cr in Q3FY22 against Rs265.6cr in Q3FY21, revenue increased to Rs5,706.4cr from Rs5,391.4cr yoy.

NALCO: The company recorded a sharply higher profit at Rs830.6cr in Q3FY22 against Rs239.7cr in Q3FY21, revenue jumped to Rs3,773.2cr from Rs2,378.7cr yoy.

Castrol India: The company recorded a sharply higher profit at Rs758.1cr in Q3FY22 against Rs582.9cr in Q3FY21, revenue jumped to Rs4,192.1cr from Rs2,996.9cr yoy.

Paisalo Digital: The company clocked higher profit at Rs26cr in Q3FY22 against Rs22.2cr in Q3FY21, revenue jumped to Rs101.4cr from Rs86.4cr yoy.

MM Forgings: The company recorded sharply higher profit at Rs29.4cr in Q3FY22 against Rs15.6cr in Q3FY21, revenue surged to Rs293.1cr from Rs223cr yoy.

Jindal Stainless: The company clocked sharply higher profit at Rs371.8cr in Q3FY22 against Rs151.6cr in Q3FY21, revenue rose to Rs5,368.4cr from Rs3,451.9cr yoy.

PB Fintech clocks a strong 73% revenue growth; maintains existing business operating margins @ 40%. Insurance premium grew by 68% yoy to Rs1,796cr. Credit disbursals grew by 94% to Rs1,926cr.

Hindalco: Novelis Inc reported net income attributable to its common shareholder of $262 million in the third quarter of fiscal year 2022, compared to $176 million in the prior year period. Net income from continuing operations increased to $259 million compared to $195 million in the prior year period. Excluding special items in both years, third quarter fiscal year 2022 net income from continuing operations increased 15% to $241 million, driven mainly by lower interest expense and unrealized derivative gains in the current year.

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