Stock To Watch

In Q4 EBITDA margin improved 182 basis points (bps) YoY and 21 bps sequentially at 24.2 per cent.

ITC trades flat as stock turns ex-date for dividend of Rs 6.25 per share

ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.

In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.

Analysts believe that the government's curb on 10 metric ton sugar exports would not cause a major impact as their expectation was lower than the limit for this year.

Stocks to watch today: While Eicher Motors posted 62.4 per cent year-on-year (YoY) jump in the December quarter (Q3FY23) profit, Vodafone Idea's net loss widened 10.5 per cent YoY to Rs 7,990 crore

Grasim has doubled the capital expenditure for its foray into the paints business to Rs 10,000 crore.

The stock gained 9 per cent in two days after the pharma company reported better-than-expected revenue growth in March quarter (Q4FY22).

The management believes that the auto industry is at the cusp of revival, with favorable governmental policies and more new product launches planned by OEMs for the coming year.

Analysts remain mixed over the Gurgaon-based logistics firm Delhivery due to volatile market conditions and loss-making nature of the company.

Analysts expect the company to show high growth momentum, strong balance sheet, free cash-flows and strong return ratios over FY22-24.

Apcotex hit a record high of Rs 640.30 and rallied 10 per cent on the BSE.

The government levied export duty on 11 iron and steel intermediates and key steel products.

With this, Welspun Crop order book as on date (excluding Saudi) stands at 704,000 MT valued at approximately Rs 10,500 crore.

The stock hit an intra-day low of Rs 594.25, down 6 per cent from its issue price.

The board also approved to change company's name from Ruchi Soya Industries to Patanjali Foods.

In Q4FY22, normalised earnings before interest, taxes, depreciation, and amortization (EBITDA) margins contracted 630 bps to 19.4 per cent from 25.7 per cent in Q4FY21

Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.

The company remains confident of gasoline fueled engine and water pump business to perform well. It anticipates complete transition to gasoline from kerosene-powered products.

Shares of LIC were trading at a discount of Rs 15-20 a piece over its issue price of Rs 949 in the grey market ahead of its listing on Tuesday, May 17.

Though January 2022 started extremely well but the omicron wave reduced the momentum over middle of the month.