Top stocks in focus: Hindustan Zinc, Tata Comm, HCL Tech, TVS Motor, JSW Energy

22 Apr 2022 , 07:49 AM

Tata Communications recorded a profit in Q4FY22 which grew by 23.2 per cent YoY to Rs369 crore on higher other income. The board has recommended a dividend of Rs20.7 per share for the year, as a result of the company reporting strong profitability.

HCL Technologies recorded a 4.4 per cent sequential growth in profit at Rs3,593 crore and 1.2 per cent QoQ growth in revenue at Rs22,597 crore. The dollar revenue growth was half a percent QoQ at $2,993 million and revenue in constant currency showed 1.1 percent increase QoQ.

ICICI Lombard General Insurance Company reported 9.6 per cent year-on-year decline in profit at Rs312.5 crore, but net premium earned during the quarter jumped 27 per cent to Rs3,318 crore.

TVS Motor Company announced an additional investment of 100 million pound in Norton Motorcycle, Britain’s most iconic sporting motorcycle brand. Norton Motorcycle was acquired in April 2020.

RailTel Corporation of India has received a work order worth Rs29.75 crore from National Informatics Centre Services. National Informatics Centre Services was incorporated in relation to assignment of work of immigration visa and foreigner registration & tracking.

JSW Energy subsidiary JSW Neo Energy (JSWNEL) is going to set up 1,500 MW capacity of hydro pumped storage project (PSPs) – Komoram Bheem Pumped Storage Project, in Telangana.

L&T Technology Services clocked 5.3 per cent sequential growth in profit at Rs262 crore on better EBIT that grew by 4.1 per cent with flat margin at 18.6 percent QoQ.

Results today: Aditya Birla Money, Hindustan Zinc, Sundram Fasteners, Tata Metaliks, Tejas Networks, MMTC, Wendt (India), Bhakti Gems and Jewellery, Eiko Lifesciences, Jhandewalas Foods, Khaitan Chemicals & Fertilizers, Quest Capital Markets, RS Software India, and Sharad Fibres & Yarn Processors.