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Nuvoco Vistas Corporation, Tube Investments of India, Star Health and Allied Insurance Company, Escorts and are trading with higher volumes as compared to Monday.

Stocks like Nestle India, ACC, Crisil, and Tata coffee, among others, are outperforming the Nifty 50 index over the past week, post results

Kotak Mahindra’s net profit rises 50.3% YoY to Rs 3,891.8 crore and operating revenue rises 11.1% YoY to Rs 8,838.1 crore. Net interest income rises 18% YoY to Rs 4,521 crore and net NPA (non-performing assets) falls 30.8% YoY to Rs 2,148.7 crore.

Life Insurance Corporation of India’s Rs 21,008.4-crore IPO gets bids for 63% of the available 16.2 crore shares on offer on the first day of bidding. The retail investor quota gets bids for 56% of the available 6.9 crore shares on offer. The issue is entirely an offer for sale of Rs 21,008.4 crore.

Eris Lifesciences acquires a 100% stake in Oaknet Healthcare for Rs 650 crore. The acquisition will help the company to expand its market reach and enter the dermatology segment.

Coal India’s production rises 28% YoY to 53.5 million tonnes in April 2022. Its supply to the power sector increases 15.6% YoY to 49.7 million tonnes because of a rise in demand from electricity generating plants. Coal India’s subsidiary Northern Coalfields’ production increases 26.2% YoY to 10.8 million tonnes.

Sumitomo Chemical Indiais trading with more than 12 times its weekly average trading volume. Britannia Industries, Home First Finance Company India, Alembic Pharmaceuticals, and Solar Industries Indiaare trading at more than three times their weekly average trading volumes.

Stocks like MphasiS, TV18 Broadcast, Zomato, ICICI Securities, and Tech Mahindra, among others, are in the oversold zone according to the technical indicator relative strength index or RSI.

Adani Enterprises’ Q4FY22 net profit rises 30% YoY to Rs 304.3 crore and revenue rises 83.7% YoY to Rs 25,141.6 crore led by growth in the airport and integrated resources management segments (IRM). The airport segment grows nearly 13X YoY to Rs 1,165.8 crore and the integrated resources business segment rises 112.4% YoY to Rs 17,857.1 crore. Operating margin falls by 160 bps YoY to 5.1% as purchases of stock-in-trade rise 123.1% YoY to Rs 20,051.4 crore.

Aurobindo Pharma’s wholly-owned subsidiary, Eugia Pharma Specialties receives US Food & Drug Administration (USFDA) for its Bortezomib injection, 3.5 mg. Bortezomib injection is therapeutically equivalent to Velcade Injection of Takeda Pharmaceuticals. This drug, which is used to treat certain types of cancer, has a total market size of $ 1.17 billion.

Pharma stocks like Alembic Pharmaceuticals, Dr. Reddy's Laboratories, Cipla, and Divi's Laboratoriesamong others are falling in trade. The broader sectoral index Nifty Pharma is also trading in red.

Adani Ports & Special Economic Zone's cargo volumes in April 2022 rise 17% YoY to 28.64 million metric tonnes. Coal cargo volumes rise 23% YoY driven by higher coking coal volumes while agricultural cargo volumes jump 3.5X YoY on robust wheat exports from India.

Astec Lifesciences' Q4FY22 net profit rises nearly 80% YoY to Rs 43 crore and revenues rise 58% YoY to Rs 279 crore. Higher sales realizations in the exports segment and healthy sales volumes growth in the contract manufacturing segment drive the overall topline growth. The company also improves its gross margins by 4.5 percentage points to 42.8% on favorable product mix

Biocon slips in trade after Health Products Regulatory Authority, Ireland finds a major deficiency in the manufacturing processes of its new plant at Bengaluru. This plant, owned by its subsidiary Biocon Biologics, will cater to European markets w.r.t monoclonal antibody drug formulations.

Godrej Properties returns to black with a net profit of Rs 258.6 crore in Q4FY22 compared to a loss of Rs 191.6 crore a year ago and revenue rises 164.3% YoY to Rs 1,522.6 crore. Sales value rises 23.4% YoY to Rs 3,248 crore on the back of robust demand for residential real estate.

Britannia Industries rises as its Q4FY22 net profit increases 4.9% YoY to Rs 377.9 crore. Sales increase 15% YoY to Rs 3,508.4 crore. Cost of materials rises 21.3% YoY to Rs 1,858.6 crore and gross margin falls 240 bps to 38%.

Alembic Pharmaceuticals is falling as its Q4FY22 profit falls 86% YoY to Rs 35.6 crore despite a 9.3% increase in revenue to Rs 1,426 crore. Net profit is down mainly due to a non-recurring expense of Aleor Dermaceuticals’ accelerated amortization of existing intangible assets. Alembic Pharma’s net profit falls 53.4% YoY to Rs 522.3 crore and revenues decrease by 2.2% to Rs 5,356.3 crore.

Tata Steel’s Q4FY22 net profit rises 46.8% YoY to Rs 9,756.2 crore and revenue rises 38.5% YoY to Rs 69,615.7 crore. Maximum growth in revenue came in from the Europe segment, as Tata Steel Europe’s revenue rises 52.9% YoY to Rs 26,680.7 crore. However, the operating margin falls by 6.7 percentage points YoY to 21.7% on high input costs.

Titan is falling as its Q4FY22 profit falls 7.2% YoY to Rs 527 crore despite a 4.3% increase in revenue to Rs 7,872 crore. Net profit is down due to volatile gold prices and the Omicron wave that disrupted the company’s business in Q4FY22. Net profit jumps 2.3 times YoY in FY22 to Rs 2,198 crore and revenues increase by 33% to Rs 29,033 crore.

Life Insurance Corporation of India (LIC) raises Rs 5,627 crore from investors by selling 5.93 crore equity shares at Rs 949 per share. Foreign investors include Societe Generale, Government Pension Fund of Norway, Government of Singapore, Monetary Authority of Singapore, and BNP Investments. Domestic mutual funds pick 71% (4.2 crore equity shares) of the anchor portion, including, State Bank of India, ICICI Prudential, HDFC, Aditya Birla, among others.

Hero MotoCorp’s Q4FY22 net profit falls 29.9% YoY to Rs 620.5 crore due to weak rural demand. Revenue fell 13.7% to Rs 7,496.5 crore despite price hikes across its product range. The board of directors recommends a dividend of Rs 35 per share for FY22.

Sundaram Finance, Eris Lifesciences, Aditya Birla Sun Life AMC, and Petronet LNG are trading with higher volumes as compared to Friday.

Welspun Corp wins order worth Rs 706 crore from Indian Oil Corporation (IOCL). The order is majorly for the construction of a large section of the Mundra Panipat Crude Oil Pipeline (P-25) project to increase the crude oil intake of IOCL’s Panipat refinery expansion project.

Inox Leisure’s Q4FY22 loss reduces to Rs 28.1 crore from Rs 93.7 crore a year ago and revenue rises 173.3% YoY to Rs 325.4 crore on the back of the easing of Covid-19 restrictions. Footfalls rise more than 3X YoY to 1.1 crore and occupancy rates rise by 14 percentage points YoY to 24%.

Housing Development Finance Corp's Q4FY22 profit rises 21.6% YoY to Rs 6,892.16 crore despite a 1.9% YoY fall in revenue to Rs 35,046.58 crore. The company's net interest income rises 14% YoY to Rs 4,601 crore. In FY22, profit rises 17.4% to Rs 24,042.13 crore. The board of directors recommends a dividend of Rs 30 per share for FY22.

IDBI Bank's Q4FY22 profit rises 16.8% YoY to Rs 734.7 crore despite a 20.8% YoY fall in revenue to Rs 5,532.9 crore. The company's expenditure reduces 3.6% YoY to Rs 3,969.6 crore. In FY22, the profit rise 79% YoY to Rs 2,439.

Eicher Motors' arm Royal Enfield’s April 2022 total wholesale numbers rise 17% YoY to 62,155 units and exports rise 84% YoY to 8,303 units. VE Commercial Vehicles' total wholesales, the company’s joint venture with Volvo rises 157.6% YoY to 5,525 units. Domestic wholesales rise 206.5% YoY to 4,766 units and export wholesales rise 20.1% to 650 units.

TVS Motor Company’s total wholesales grew 24% YoY to 2.9 lakh units with two-wheeler wholesales rising 24% to 2.8 lakh units. Motorcycle wholesales are up 4% to 1.4 lakh units and scooter wholesales jump 57% YoY to 1 lakh units. Domestic two-wheeler electric vehicle wholesales are up 3.6X times to 1,420 units.

Ajanta Pharma surges as its board will consider a bonus issue proposal in its upcoming board meeting on May 10.

Devyani International's Q4FY22 profit rises 22.1% YoY to Rs 75.94 crore and revenue rises 36% YoY to Rs 590.7 crore. The company adds 54 net new stores in Q4FY22 and adds 246 net new stores in FY22. In FY22, the company reports a profit of Rs 155.12 crore against a loss of Rs 62.99 crore in FY21.

Tata Chemicals is trading with more than 12 times its weekly average trading volume. Dixon Technologies (India), Solara Active Pharma Sciences, Suprajit Engineering, and Can Fin Homes are trading at more than four times their weekly average trading volumes.

Stocks like Cipla, MRF, Godrej Properties, and Deepak Nitrite, among others, are rising over the past week, ahead of their financial results.

Thyrocare Technologies is falling as its Q4FY22 profit falls 43.7% YoY to Rs 21.2 crore. Total revenue decreases by 11.8% YoY to Rs 132.7 crore as revenue from Covid-19 businesses fall 29% to Rs 16.13 crore. However, the company’s net profit rises 55.6% YoY in FY22 to Rs 176.14 crore and revenues increase by 21.9% to Rs 618.1 crore.

Bajaj Auto’s total wholesales fall 20% YoY to 3.1 lakh units with two-wheeler domestic wholesales falling 26% to 93,233 units. Three-wheelers' total wholesales are down 27% YoY to 29,063 units. Total exports also fall 18% to 2.08 lakh units.

Tata Chemicals is rising as its Q4FY22 profit jumps 39 times YoY to Rs 438.2 crore. Total Revenue increases by 32.8% YoY to Rs 3,586.9 crore on the back of strong domestic and US business revenue growth. Net profit jumps 4.9 times YoY in FY22 to Rs 1,257.6 crore and revenues increase by 23.4% to Rs 12,878 crore.

IT stocks like TCS, Infosys, Wipro, HCL Technologies, and Larsen & Toubro Infotech, among others, are falling in trade. All 10 constituents of Nifty IT are trading in the red

Hero MotoCorp’s total April 2022 wholesales rise 12.4% YoY to 4.19 lakh units as motorcycle wholesales increase by 15.7% to 3.92 lakh units. However, scooter wholesales fall 21.2% YoY to 25,995 units, and export wholesales decrease by 32.1% to 20,132 units.

Wipro’s Q4FY22 profit rises 4% QoQ to Rs 3,087.3 crore and revenues increase by 2.7% to Rs 21,362.8 crore. Operating profit margin falls 74 bps QoQ as employee benefits expenses rise 6% to Rs 12,130 crore. Net profit rises 12.6% YoY in FY22 to Rs 1,229.6 crore and revenues increase by 26.5% to Rs 81,373.2 crore.

Mahindra & Mahindra’s April 2022 total auto wholesales rise 25% YoY to 45,640 units and total farm equipment wholesales rise 49% YoY to 40,939 units. Domestic passenger vehicle wholesales rise 23% to 22,526 units and domestic commercial vehicle wholesales rise 23.4% YoY to 17,402 units.

Solara Active Pharma Sciences' Managing Director and Chief Executive Officer Rajender Juvvadi Rao tenders his resignation to pursue opportunities at Aurore Life Sciences. The resignation is effective from April 28, 2022

Tata Motor’s total April 2022 wholesales rise 74% YoY to 72,468 units and total domestic sales increase by 81% YoY to 71,467 units. Domestic commercial vehicle (CV) wholesales jump 2.1 times YoY to 29,880 units while CV exports fall 57% YoY to 958 units. Passenger vehicle (PV) wholesales rise 66% YoY in April 2022 to 41,587 units with electric PV wholesales jumping four times YoY to 2,322 units.

IndusInd Bank’s Q4FY22 net profit rises 51.2% YoY to Rs 1,400.6 crore and revenue rises 6.1% YoY to Rs 9,199.7 crore. Net interest income (NII) rises 13% YoY to Rs 3,985 crore and provisions fall 22% YoY to Rs 1,463 crore. Net interest margin (NIM) rises by 7 bps YoY to 4.2%.

Maruti Suzuki’s total wholesales fall marginally by 1.6% YoY to 1.57 lakh units with total passenger vehicle wholesales down 2.9% YoY to 1.52 lakh units. Mini car segment’s wholesales fall 22% to 22,655 units and mid-size compact car wholesales are down 19.9% to 1,756 units.

YES Bank logs a net profit of Rs 367 crore in Q4FY22 against a loss of Rs 3,787.75 crore in Q4FY21. Provisions fell 94.6% YoY to Rs 271 crore. Net interest income surges 84% YoY to Rs 1,819 crore. Asset quality improves with gross NPA falling 148 bps YoY to 13.93% and net NPA down 135 bps to 4.53%.

Shilpa Medicare,Kansai Nerolac Paints, Westlife Development, and Ajanta Pharmaare trading with higher volumesas compared to Thursday.

UltraTech Cement’s Q4FY22 net profit rises 47.3% YoY to Rs 2,613.7 crore on reversal of provision of income tax of Rs 323.35 crore and revenue rises 9.6% YoY to Rs 15,859.7 crore. However, profit before tax falls 13.9% YoY to 2,275.6 crore. EBITDA falls 16% YoY to Rs 3,165 as power and fuel costs rise 46.7% YoY to Rs 3,594.8 crore.

Maruti Suzuki India's Q4FY22 net profit rises 57.7% YoY to Rs 1,839 crore and revenues rise 11% YoY to Rs 25,514 crore. Sales volume improves sequentially by 13.5% to 4,88,830 units whereas it was down 0.7% YoY in Q4FY22. Higher sales realization primarily drive the topline growth in Q4FY22

Gillette India’s Q4FY22 net profit rises marginally by 0.3% YoY to Rs 40.7 crore with revenue increasing 5.5% to Rs 566.5 crore. However, the company’s total expenses rose 11.3% YoY to Rs 457.8 crore with the cost of materials surging 131% to Rs 159.3 crore.

Rainbow Childrens Medicare’s Rs 1,580.8-crore IPO gets bids for 12.4X of the available 2.1 crore shares on offer on the last day of bidding. The retail investor quota gets bids for 1.4X of the available 1 crore shares on offer.

Zomato slumps below its lower end of IPO price band and touches an all-time low of Rs 71.4 on the bourses. The stock is falling for three consecutive sessions.

Axis Securities maintains a ‘Buy’ rating on Trent with a target price of Rs 1,350, indicating an upside of 10%. The brokerage believes that the company is well-placed to grow in the post-Covid-19 era, led by its success in the Westside apparel store chain, the ramp-up of Zudio apparel stores, sustainable margins, and a healthy balance sheet.

Schaeffler India and Crisil touch an all-time high of Rs 2,441.5 and Rs 3,785 respectively. Both stocks are rising for three consecutive sessions.

Stocks like Asian Paints, eClerx Services, United Breweries, and Sunteck Realty, among others, crossed their 100-day simple moving average (SMA) today.

General Insurance Corporation of India is trading with more than 39 times its weekly average trading volume. Prism Johnson, Shriram City Union Finance, Varroc Engineering, and Eris Lifesciences are trading at more than seven times their weekly average trading volumes.

IndiaMART InterMESH’s Q4FY22 net profit rises 3% YoY to Rs 57 crore and revenue rises 22% YoY to Rs 231 crore. EBITDA margin falls by 20 percentage points to 28% as manpower costs increase by 53% YoY to Rs 87 crore.

Genus Power Infrastructures is rising as it receives an order worth Rs 828.5 crore from state utility. The project will entail designing an advanced metering infrastructure system with supply, installation, and commissioning of 10 lakh smart prepaid meters.

Stocks like Nestle India, ACC, Angel One, and Tata Elxsi, among others, are outperforming the Nifty 50 index over the week, post results

Vedanta rises despite reporting a fall in Q4FY22 net profit by 4.8% YoY to Rs 7,261 crore. However, revenue from operations rises 41% YoY to Rs 39,342 crore because of higher sales volumes and an increase in commodity prices. EBITDA for the company jumps 51% YoY to Rs 13,768 crore with EBITDA margin rising 300 bps to 39%. The board recommends an interim dividend of Rs 31.5 per share with May 9 as the record date.

Shriram Transport Finance surges as its Q4FY22 net profit rises 44.2% YoY to Rs 1,091.2 crore and revenue rises 13.1% YoY to Rs 5,087.6 crore. Net Interest Income (NII) rises 22.16% YoY to Rs 2,627.8 crore and AUM (assets under management) rises 8.4% YoY to Rs 1.27 lakh crore.

Mphasis's Q4FY22 profit rises 9.6% QoQ to Rs 392.1 crore as the revenue rises 6.6% QoQ to Rs 3,316.8 crore. In FY22, the company's profit rises 17.6% YoY to Rs 1,430.9 crore.

Fineotex is falling despite its Q4FY22 profit rising 46% YoY to Rs 16.5 crore and revenues increasing by 56% to Rs 121.6 crore. India business revenues double YoY in Q4FY22 to Rs 101.7 crore. Fineotex’s FY22 revenue rises 58% YoY to Rs 373.7 crore and net profit increases by 29.4% to Rs 55.1 crore.

Ambuja Cements' Q4FY22 net profit declines 30.4% YoY to Rs 658.9 crore on rising fuel costs. Revenue rises 2.3% YoY to Rs 7,990.3 crore on the back of sales volume rising 3.4% YoY to 7.5 million tonnes per annum. EBITDA margin falls by 680 bps YoY to 20.5% as power and fuel expenses rise 34.5% YoY to Rs 2,072 crore.

Varroc Engineering surges as it signs a securities purchase agreement with a French firm Compagnie Plastic Omnium SE to divest its four-wheeler lighting systems operations in the US and Europe. The value of the transaction is 600 million euros. The company plans to divest its operations in the USA, Brazil, Mexico, Poland, Czech Republic, Germany, Turkey, and Morocco.

Biocon’s Q4FY22 net profit falls 4% YoY to Rs 283.9 crore despite a revenue increase of 20.9% to Rs 2,746 crore. Raw material costs rise 21% YoY to Rs 747.8 crore in Q4FY22. Generics segment revenue grows 26% YoY to Rs 717 crore on the back of new product launches in the US.

Axis Bank’s Q4FY22 net profit rises 54% YoY to Rs 4,118 crore with an increase in net interest income by 17% YoY to Rs 8,815 crore. Provisions fell 54% YoY to Rs 987 crore. Total advances grew 15% YoY to Rs 7.07 lakh crore with retail loans rising 21% YoY to Rs 4 lakh crore. The bank's asset quality improved with gross NPA falling 88 bps YoY to 2.8% and net NPA by 32 bps to 0.73%.

Bayer Cropscience, Vardhman Textiles, Fortis Healthcare, and Varun Beverages are trading with higher volumesas compared to Thursday.

Rainbow Childrens Medicare’s Rs 1,580.85-crore IPO gets bids for 55% of the available 2.05 crore shares on offer on the second day of bidding. The retail investor quota gets bids for 82% of the available 1.01 crore shares on offer.

Laurus Labs’ Q4FY22 net profit falls 22% YoY to Rs 234.3 crore and revenues are flat at Rs 1,426.1 crore. Total expenses rise 10.8% YoY to Rs 1,124.4 crore led by changes in inventories of finished goods, work-in-progress, and stock-in-trade.

FMCG stocks like Hindustan Unilever, Tata Consumer Products, Dabur India, ITC and Varun Beverages among others are rising in trade. The broader sectoral index Nifty FMCG is also trading higher today.

Delivery volumes of stocks like Maruti Suzuki India, Alembic Pharmaceuticals, Havells India, and Deepak Nitrite, among others are rising ahead of their Q4FY22 results to be announced over the next few weeks.

Campus Activewear’s Rs 1,400-crore IPO gets bids for 51.7X of the available 3.36 crore shares on offer on the last day of bidding. The retail investor quota gets bids for 7.7X of the available 1.6 crore shares on offer.

Cyient to acquire Singapore-based firm Grit Consulting. This is an all-cash deal worth Rs 284 crore, according to reports. The acquisition will help Cyient in expanding its consulting capabilities in asset-driven industries like metals and mining.

Apcotex Industries falls despite reporting a 37% YoY rise in its Q4FY22 net profits at Rs 31 crore. Its quarterly revenues rise 48.4% YoY to Rs 279 crore backed by over 24% sales volumes growth and higher exports.

Varun Beverages’ Q4FY22 net profit rises 96.7% YoY to Rs 254.2 crore and revenues increase by 26.4% to 2,867.5 crores. Net profit increases sharply on the back of improvement in margins, reduction in finance costs, and higher profitability from international operations. Total sales volumes rise 18.7% YoY in Q4FY22 to 17.97 crore driven by strong demand across geographies.

JM Financialis trading with more than 18 times its weekly average trading volume. Vaibhav Global, TV18 Broadcast, TTK Prestige, and Rajesh Exports are trading at more than four times their weekly average trading volumes.

Trent posts a loss of Rs 20.8 crore in Q4FY22 compared to a Rs 17.4 crore profit a year ago as high input costs hurt margins. However, revenue rises 41.2% YoY to Rs 1,372.9 crore on recovery in footfalls. EBITDA margin falls by 480bps YoY to 13% as employee expenses rise 48% YoY

Mahindra Lifespace Developers rises after it announces its Q4FY22 results. Net profit for Q4FY22 is Rs 137.6 crore as against a loss of Rs 27.7 crore in Q4FY21. Total revenue surges 3X YoY to Rs 161.7 crore. Residential pre-sales grew 50% to Rs 1,028 crore while industrial leasing leaps 130% to Rs. 298 crore in FY22.

Angel One outperforms ICICI Securities by 17.7 percentage points in QoQ net profit growth. However, ICICI Securities outperforms Angel One on 11 out of 16 fundamental parameters like annual return on equity, price-to-earnings ratio, price-to-book value, among others, according to Trendlyne’s Stock Comparison tool.

Indian Energy Exchange is falling despite its Q4FY22 profit rising 43.62% YoY to Rs 88.4 crore. The company's revenue rises 28% YoY to Rs 128.4 crore. In FY22, the profit rises 50.2% YoY to Rs 308.6 crore.

Media stocks like Zee Entertainment, Sun TV Network, TV18 Broadcast, Network 18 Media & Investments and Saregama India are falling. The broader sectoral index i.e. Nifty Media is also trading in red today.

ICICI Securities downgrades its rating on Sanofi to ‘Hold’ from ‘Buy’ with a target price of Rs 7,740, indicating an upside of 11%. The brokerage downgrades its rating as the company’s Q4FY22 revenue fell 2% YoY to Rs 731.4 crore but retains a positive outlook as Sanofi has a strong brand recall in anti-diabetic therapies in India.

Persistent Systems’ Q4FY22 net profit rises 14% QoQ to Rs 201 crore and revenue by 10.3% QoQ to Rs 1,679.9 crore, driven by a 14.6% QoQ rise in services revenue. Operating profit margin rises by 34 bps QoQ to 17.17% and attrition falls by 30 bps to 26.6%.

Bajaj Auto's Q4FY22 profit rises 10.28% YoY to Rs 1,469 crore despite a 6.9% YoY fall in revenue to Rs 8263.7 crore. The increase in profit factors in the reduced expenses on raw materials among others. In FY22, the company's profit rises 10% YoY to Rs 5,019 crore.

Network 18 and TV18 Broadcast slump after Reliance Industries announces a strategic partnership with Bodhi Tree Systems to form the largest TV and digital streaming platform in India. Bodhi Tree Systems will invest Rs 13,500 crore while Reliance Industries’ subsidiary will invest an additional Rs 1,645 crore in Viacom 18. Network 18 is TV18 Broadcast's holding company and TV18 Broadcast is the controlling partner in Viacom 18.

HDFC AMC's Q4FY22 net profit rises 8.7% YoY to Rs 343.5 crore and revenues increase by 6.5% to Rs 580.93 crore. Systematic investment plan (SIP) flows rise 33.7% YoY to Rs 12,300 crore in Q4FY22. The company’s FY22 net profit rises 5.1% YoY to Rs 1,393.1 crore and revenues increases by 10.5% to Rs 2,433.2 crore.

Indian Hotels' posts a profit of Rs 71.5 crore in Q4FY22 compared to a Rs 97.7 crore loss a year ago. Revenue rises 52.4% YoY to Rs 954.8 crore helped by a recovery in leisure and business travel after easing of restrictions on travel and movement.

Hindustan Unilever’s Q4FY22 net profit rises 5.3% YoY to Rs 2,307 crore with total revenue rising 10.2% YoY to Rs 13,846 crore. Home care segment revenue grew 23.6% to Rs 4,743 crore. Total expenses for the company surge 11.5% YoY as the cost of materials consumed rises 18% to Rs 4,501 crore. As a result, gross margins fell 300 bps to 49.5%.

Endurance Technologies,V Mart Retail, Procter & Gamble Hygiene & Healthcare, and Krishna Institute of Medical Sciences are trading with higher volumesas compared to Tuesday.

Stocks like Adani Enterprises, Havells India, Ambuja Cements, NLC India, and Mahindra & Mahindra, are in the overbought zone according to the technical indicator relative strength index or RSI.

Syngene International's Q4FY22 profit rises 7% YoY to Rs 148 crore and revenue rises 14% YoY to Rs 773 crore. The growth is result of the company catching up on projects delayed by supply chain issues and other Covid-related disruptions. In FY22, the company's profit rises 10% YoY to Rs 421 crore.

HDFC Securities initiates a 'BUY' on Mahindra & Mahindra with a target price upside of 17.8%. The brokerage is positive on the auto major as it is witnessing a strong traction in its utility vehicle segment especially for new launches like XUV 700. HDFC Sec also expects the sales volumes for M&M's tractor segment to revive in FY23.

Rainbow Childrens Medicare’s Rs 1,580.85-crore IPO gets bids for 29% of the available 2.05 crore shares on offer on the first day of bidding. The retail investor quota gets bids for 48% of the available 1.01 crore shares on offer. The public issue comprises of a fresh issue of equity shares of Rs 280 crore and an offer for sale of up to Rs 1,300.85 crore.

Campus Activewear’s Rs 1,400-crore IPO gets bids for 3.21X of the available 3.36 crore shares on offer on second day of bidding. The retail investor quota gets bids for 3.94X of the available 1.6 crore shares on offer.

Public sector bank stocks like State Bank of India, Bank of Baroda, and Canara Bank, among others, are falling in trade. The broader sectoral index Nifty PSU Bank is also trading in the red.

KPIT Technologies Q4FY22 net profit rises 14.6% QoQ to Rs 80.5 crore and revenue rises 5.3% QoQ to Rs 664.8 crore. The growth in revenues is primarily due to the Americas region with a 10.1% QoQ rise in revenues to Rs 250.6 crore. However, employee benefits expense rises 57.1% QoQ.

Mahindra Logistics is trading with more than 32 times its weekly average trading volume. KPIT Technologies, Vardhman Textiles, UTI Asset Management Company, and Dilip Buildcon are trading at more than four times their weekly average trading volumes.

CARE Ratings slumps in trade after Managing Director and CEO Ajay Mahajan resigns citing personal reasons. His resignation is effective from the closure of business hours on May 31. Executive Director Mehul Pandya will be the interim CEO from June 1 onwards.

NTPC signs a memorandum of understanding (MoU) with Energy Vault Holdings for the deployment of gravity-based energy storage technology. The objective of the MoU is to form a long-term partnership with Energy Vault for the deployment of Energy Vault’s EVx, a gravity-based energy storage technology and software solutions, based on the outcome of a joint feasibility study.

Axis Securities maintains a ‘Buy’ rating on Cyient with a target price of Rs 1,000, indicating an upside of 11%. The brokerage believes the company’s recent acquisition of Citec will provide profitable growth in the coming quarters. The brokerage remains positive on the company’s order pipeline, which has multiple long-term contracts in the field of ER&D (Engineering Research & Development).

Tata Consultancy Services, HDFC Bank, ACC, and Hathway Cable & Datacom, among others, are outperforming the Nifty 50 index over the past week, post Q4FY22 results.

Life Insurance Corporation of India (LIC) IPO's price band is set at Rs 902-949 per share. The Centre will now sell only up to 3.5% stake in the IPO instead of the earlier 5%. The Centre expects to receive up to Rs 21,000 crore from the share issue. The IPO opens on May 4 and closes on May 9.

Omaxe surges after securing funding of Rs 440 crore from Varde Partners, a global alternative investment firm. The company will deploy the funds for the acceleration of construction and expansion and delivery of its projects.

United Breweries’ Q4FY22 profit rises 61% YoY to Rs 163.4 crore and revenues increase by 1.3% to Rs 3,664.7 crore. Net profit rises despite a marginal increase in revenue as the company reported an exceptional item loss of Rs 62.2 crore in Q4FY21.

Schaeffler India rises as its Q4FY22 net profit rises 48.4% YoY to Rs 207.1 crore and revenue rises 18.6% YoY to Rs 1,587.6 crore driven by growth in the mobility components segment.

AU Small Finance Bank’s Q4FY22 net profit rises 105% YoY to Rs 346 crore and revenue rises 26% YoY to Rs 1,978.4 crore on higher interest margins. Net interest income rises 42.8% YoY to Rs 937 crore and net interest margin rises by 60 bps YoY to 6.3%. The lender’s net NPAs (non-performing assets) decline by 170 bps YoY to 0.5%.

Bajaj Finance’s Q4FY22 net profit rises 79.6% YoY to Rs 2,420 crore and revenue rises 25.9% YoY to Rs 8,630.3 crore. Net interest income grows 30% YoY to Rs 6,068 crore and fee income rises 51% YoY to Rs 1,164 crore. Total AUM (assets under management) for the NBFC rises 29% YoY to Rs 1.97 lakh crore.

Tata Coffee’s net profit rises 12% YoY to Rs 64.28 crore in Q4FY22 and revenues increase by 8% to Rs 663.4 crore. Net profit rises despite a 31.2% increase in cost of raw materials to Rs 256.4 crores due to changes in inventories of finished goods, work in progress, and stock-in-trade.

Rainbow Childrens Medicare raises Rs 470 crore from anchor investors by selling 86.63 lakh equity shares at Rs 542 per share. Investors include Government of Singapore, Monetary Authority of Singapore, IIFL Special Opportunities Fund, Bajaj Allianz Life Insurance, HDFC Life Insurance, SBI Mutual Fund (MF), HSBC, Nippon India, among others.

Wipro to acquire Rizing Intermediate Holdings, a global SAP consulting firm to help expand its SAP consulting operations. According to reports, the value of the deal is $540 million. The deal is expected to help Wipro expand its services in oil and gas, utilities, manufacturing, and consumer industries. The acquisition is subject to regulatory approvals and the transaction will close before June 30.

AIA Engineering, IFB Industries, Thyrocare Technologies, and Sanofi India are trading with higher volumes as compared to Monday.

Hindustan Aeronautics and Bharat Electronics rise as they ink a pact to co-produce and develop ‘Long Range Dual Bank IRST (Infra-Red Search & Track System)’ for Sukhoi 30 MKI. This development of high-end strategic technology for the air fighter is a part of the ‘Make in India’ initiative.

PSU Bank stocks like Canara Bank, State Bank of India, Bank of Baroda, and Indian Bank, among others, are rising in trade. The broader sectoral index Nifty PSU Bank is also trading in the green.

Atul is falling as the company's Q4FY22 profit falls 22.7% YoY to Rs 136.56 crore due to a rise in expenses of materials, power, fuel, and water, despite a 22.8% YoY rise in revenue to Rs 1,370.42 crore. In FY22, the company's profit falls 8.4% YoY to Rs 604.74 crore.

IT stocks like Wipro, Infosys, Tech Mahindra, and MphasiS, among others, are in the oversold zone, according to the technical indicator relative strength index or RSI.

Auto stocks like Ashok Leyland, TVS Motor, Bajaj Auto, and Hero MotoCorp, among others are rising in trade. The broader sectoral index Nifty Auto is also trading in green.

Campus Activewear’s Rs 1,400-crore IPO gets bids for 1.24X of the available 3.36 crore shares on offer on the first day of bidding. The retail investor quota gets bids for 1.88X of the available 1.6 crore shares on offer. The issue is entirely an offer for sale of Rs 1,400 crore.

ACC, Angel One, Cyient, and Mahindra CIE Automotive, among others, are rising over the past week after announcing their Q4FY22 results

Shriram Properties signs an MoU with LOGOS for a sale of 90 acres of land in Shriram Grand City, Kolkata. LOGOS will use this land to build a warehousing and logistics park. Post the transaction the project is likely to complete by H2FY23.

ICICI Direct maintains a ‘Buy’ rating on Tata Communications with a target price of Rs 1,610, indicating an upside of 30%. The brokerage remains positive on the company due to its improving cash flows, growing digital platforms and data business, and a healthy order pipeline. The brokerage expects net profit to rise at a 13.7% CAGR over FY22-24.

Meghmani Finechem's Q4FY22 net profit jumps 3X YoY to Rs 99 crore while revenues rise 93% YoY to Rs 499 crore. Higher sales realizations for caustic soda and hydrogen peroxide product lines drives overall profit growth in Q4FY22

MindTree outperforms Larsen & Toubro Infotech (LTI) by 4.0 percentage points in QoQ net profit growth in Q4FY22. However, LTI outperforms MindTree on nine out of 16 fundamental parameters like QoQ revenue growth, annual return on equity, price-to-earnings ratio, among others, according to Trendlyne’s Stock Comparison tool.

Gujarat Mineral Development Corporation reports a net profit in Q4FY22 of Rs 175.8 crore against a loss of Rs 184.6 crore a year ago. Revenue rises 80.3% YoY to Rs 1,097 crore driven by growth in the mining and power segments. In FY22, the company reports a net profit of Rs 405 crore against a loss of Rs 39.3 crore a year ago and revenue rises 93.6% YoY to Rs 2,888.9 crore.

Tatva Chintan Pharma Chem is falling as Q4FY22 profit falls 7.2% YoY to Rs 18.9 crore and revenue falls 3.2% YoY to Rs 103.1 crore. In FY22, the company's profit rises 83% to Rs 95.9 crore.

Citi upgrades Reliance Industries to ‘Buy’ with a target price of Rs 3,170, according to reports. It expects the company’s EBITDA to grow 3-9% over FY23-24. However, the brokerage sees no major growth in the O2C (oil-to-chemical) segment in Q4FY22.

Veranda Learning Solutions is rising as it acquires T.I.M.E (Advanced Educational Activities Pvt Ltd) for Rs 287 crore. The acquisition includes the business of spoken English under VETA brand and pre-school operations under T.I.M.E brand. The acquisition will be in a phased manner with 80% of the outstanding capital along with management control in phase 1, followed by the purchase of the remaining 20% at the end of two years.

Tata Investment Corporation’s Q4FY22 net profit rises more than 7X YoY to Rs 20.2 crore and revenue rises 71% YoY to Rs 50.9 crore on the back of a rise in dividend income and net gain on fair value changes. In FY22, net profit rises 38.6% YoY to Rs 214.46 crore and revenue rises 55% YoY to Rs 254 crore.

Campus Activewear raises Rs 418.3 crore from investors by selling 1.43 crore equity shares at Rs 292 per share to 32 anchor investors. Investors include Abu Dhabi Investment Authority, Nomura, CLSA, Societe Generale, Goldman Sachs, ICICI Prudential, HDFC Life Insurance, Motilal Oswal, among others.

Mahindra CIE Automotive reports net profit in Q1CY22 of Rs 168.69 crore against a loss of Rs 76.1 crore a year ago. Net sales rise 14.6% YoY to Rs 1,202.2 crore with revenue increasing 16.4% YoY to Rs 992.4 crore.

Biocon’s subsidiary Biocon Biologics bags a three-year contract for its recombinant brand of human insulin, worth Rs 688.45 crore from Malaysia’s Health Ministry. Biocon Sdn. Bhd., the Malaysian subsidiary of Biocon Biologics will manufacture and supply the range of insulins.