• Supreme Infrastructure India stock will be in focus today as it will announce December quarter results. The indices put an end to their winning streak on Wednesday as they fell around one per cent.
Here is the list of top 10 stocks that will be in focus today:
Marico: FMCG major Marico on Wednesday said the firm's consolidated revenue will be in low single digits in the December quarter on a year-on-year basis due to sluggish recovery in rural demand amid elevated inflation. Marico said the quarter saw some recovery in demand from the FMCG sector, which was more visible in specific categories due to festive fervor and the upcoming winter season. "The urban and premium segments maintained their steady pace of growth. However, the revival in rural demand was not as pronounced as retail inflation remained elevated," Marico said in its regulatory filing.
Reliance/GAIL: Major green hydrogen energy companies are expected to benefit after the government on Wednesday approved the National Green Hydrogen Mission with an allocation of ₹19,744 crore, which aims to produce 5 million tonnes of green hydrogen annually by 2030. . Out of the total allocation, the Center will provide an incentive of ₹17,490 crore for the production of both electrolyzer and green hydrogen for a period of five years. The government expects the mission to attract investments worth ₹8 trillion and create six lakh jobs by 2030.
Mahindra & Mahindra Fin. Services: The Reserve Bank of India (RBI) on Wednesday lifted restrictions relating to Mahindra & Mahindra Financial Services (M&M Finance) on collection operations through third party collection agents. The lifting of the sanctions was followed by submissions made by M&M Finance and a pledge to strengthen recovery practices and outsourcing arrangements, strengthening the process of onboarding third-party agents, the company said in a regulatory filing.
Ashok Leyland/JBM Auto: Commercial vehicle makers Ashok Leyland-backed Switch Mobility, JBM Auto and PMI Electro Mobility are likely to emerge as winners in the ₹30 billion (approx) tender for state-owned Convergence Energy Services Ltd (CESL). $362.40 million). Also on Wednesday, CESL opened a new tender for 4,675 electric buses. These companies had participated in a tender issued by CESL on September 21, 2022, for the supply of 465 e-buses for six states. The tender was part of India's target to deploy 50,000 e-buses over the next 4–5 years at an estimated cost of ₹1 trillion ($12 billion).
Avenue Supermarts: Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, reported a 24.7 per cent increase in its standalone revenue from operations to Rs 11,304.58 crore for the third quarter ended December 31, 2022 Is. The company's revenue from operations was ₹9,065.02 crore in the October-December quarter a year ago, Avenue Supermarts said in a regulatory filing on Tuesday. "Standalone revenue from operations for the quarter ended December 31, 2022, stood at Rs 11,304.58 crore," it said while sharing an update at the end of the quarter.
NTPC/HPCL: NTPC Green Energy Limited (NGEL) has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL) for development of renewable energy based power projects. Under the agreement, NTPC said that its renewable energy arm - NGEL will also supply 400 MW round the clock to HPCL. "NGEL and HPCL signed a non-binding Memorandum of Understanding (MoU) to tap business opportunities in the RE (sector) for development of renewable energy based power projects and supply of renewable energy round the clock for the requirements of HPCL NTPC said in a statement.
RBL Bank: RBL Bank has reported double-digit year-on-year growth in both advances and deposits for the quarter ended December 31, 2022 (Q3FY23), as per the latest provisional data. The retail loan book of RBL Bank witnessed a growth of 12% in the quarter under review, while the wholesale book grew by 17%. According to regulatory filings, RBL Bank posted gross advances of ₹68,371 crore in Q3FY23 - a growth of 14% from ₹59,967 crore in the same quarter a year ago. Sequentially, gross advances climbed 6% to ₹64,608 crore recorded in the September 2022 quarter.
Coal India: Coal India Limited (CIL) and four central trade unions BMS, HMS, AITUC and CITU on Wednesday signed a memorandum of understanding (MoU) recommending 19% Minimum Guaranteed Benefit (MGB) to its 2.38 lakh non-executive employees. signed on. As part of the ongoing National Coal Wage Agreement -XI (NCWA-XI). The 19% MGB is on pay up to June 30, 2021, which includes basic pay, variable dearness allowance, special dearness allowance and attendance bonus, said the coal ministry.
IRB Infrastructure Developers: IRB Infrastructure Developers on Wednesday said that its board has approved a proposal to change.
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