Stocks In Focus


3 April 23

FII & DII DATA 
 
FII Net  BUY  - 321.93cr
DII Net  SELL - 328.24cr

05 April 2023

Stocks In Focus 


Vedanta Ltd 

The mining major said its aluminium production touched record levels of 22.91 lakh tonnes during 2022-23, marginally up from 22.68 lakh tonnes in the preceding fiscal. The company termed refined metal production as "historic high" in the last financial year. The production of zinc from international business rose 22 percent year-on-year to 2.73 lakh tonne.


HDFC Bank  Ltd

The private lender's deposits rose around 20.8 percent as of March 31, 2022, a growth of around 8.7 percent over Rs 17.3 lakh crore as of December 31, 2022. The bank's advances aggregated to approximately Rs 16 lakh crore for the quarter under review, a 16.9 percent rise year-on-year.


Bajaj Finance Ltd 

The company said that its loan books increased 20 percent to 7.6 MM in the last quarter of 2022-23 financial year as compared to 6.3 MM in the same period a year ago. Customer franchise stood at 69.1 MM as of 31 March 2023 as compared to 57.6 MM as of 31 March 2022. In Q4 FY23, the customer franchise increased by 3.1 MM. The company recorded the highest ever increase in its customer franchise of 11.5 MM in FY23.


Marico Ltd 

The company witnessed improvement in volume growth on a year-on-year basis for the quarter ended March 2023. Value added hair oil touches double-digit value growth. Consolidated revenue for the quarter under review grew in low single digits on a yearly basis.


Dhampur Sugar Mills Ltd 

The company's board declared an interim dividend of Rs 5 per share and a special dividend of Rs 1 per share for financial year 2023.


IndusInd Bank Ltd 

The lender reported a 15 percent rise in total deposits at Rs 3.36 lakh crore. The bank recorded a 21 percent year-on-year increase in net advances.


Veranda Learning Solution Ltd 

The company has partnered with Xavier School of Management (XLRI), to launch an executive diploma in advanced business strategies for CXOs. The one-year program, commencing on July 29, 2023, will be conducted in a hybrid mode via a combination of on-campus sessions and live classes online.


NBCC (India) Ltd 

The construction company bagged an order for construction of an 88.58-km border and road in Mizoram along the Indo Bangladesh Border at a cost of Rs 448.02 crore by the department of border management.


RailtTel Corporation Of India Ltd 

The telecommunications company has received a contract from Bihar State Electronics Development Corporation for implementation and management of electronic knowledge network in academic/administrative buildings of government engineering colleges and polytechnic institutes under Department of Science & Technology for Rs 76.10 crore. Additionally, the company has secured an order from National Informatics Centre Services Inc for
installation, testing and commissioning of 4 Mbps lease line at 19 sites for Rs 38.95 crore.


The Federal Bank Ltd 

The lender reported strong growth across key financial metrics for the quarter ended March 2023. The bank's customer deposits increased by 13.3 percent, while total deposits grew by 17.4 percent


Mahindra & Mahindra Financial Services Ltd 

The NBFC said its FY23 disbursement was approximately Rs 49,500 crore, up 80 percent year-on-year. Overall loan disbursement climbed 42 percent to Rs 5,600 crore in March 2023 and the fourth quarter disbursements stood at Rs 13,750 crore registering a growth of 50 percent year-on-year.


The South Indian Bank Ltd 

The lender reported a 16.7 percent increase in gross advances at Rs 72,107 crore for the quarter ended March 2023 against Rs 61,816 crore in the year ago period. Total deposits rose 2.8 percent, while CASA increased 2.1 percent for the quarter under review. CASA ratio came at 32.97 percent vs 33.21 percent in the year ago period.


Lemon Tree Hotels Ltd 

The hospitality company signed a licence agreement for a 88-room property, named Peninsula Suites, in Whitefield, Bengaluru


Suryoday Small Finance Bank Ltd 

The SFB reported 21 percent growth in gross advances at Rs 6,115 crore for the quarter ended March 2023 against Rs 5,063 crore in the year ago period. Disbursements rose 72 percent, and total deposits rose 34 percent.


Hindustan Zinc Ltd 

The company's refined metal production rose three percent to the highest-ever level of 269 kilotonnes. Mined metal production and integrated zinc production increased by two percent each.

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