HDFC is seeing strong growth in housing loan disbursement leveraging demand. High buffer provisions at 1.3% helps bring down credit costs.
Tata Motors should witness a gradual recovery from Q2FY22 lows as supply-side issues ease and commodity headwinds stabilize
Most brokerages have cut their earnings estimates to factor in chip shortage impact
Inexpensive valuation and robust dividend and FCF (Free Cash Flow) yield of 5% remain key attractions making the risk-reward highly favourable.
Shares of Tatva Chintan Pharma hit a record high of Rs 2,488.90 in intraday as its net profit jumped 811% to Rs 32.4 crore.
MCX reported 44% fall in consolidated net profit to Rs 32.66 crore in Q2 FY22 from Rs 58.55 crore in Q2 FY21.
ICICI Bank is transitioning well from being a Beta stock to an Alpha stock and this should be key to a re-rating.
Asian Paints declined 6.29% to Rs 2,969.50 after the company posted a 28.2% decline in consolidated net profit to Rs 595.96 crore in Q2 FY22
With core business in Q2FY22 slightly higher than pre-covid levels, management narrative has shifted from recovery to growth via aggressive scale-up.
HUL's underlying volume growth in Q2 stood at 4% versus a street expectation of 5-8%.