Report Wire - From L&T to Apollo Tyres: Here are high shares to observe on May 13

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From L&T to Apollo Tyres: Here are high shares to observe on May 13

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stocks to watch today

Domestic inventory markets on Thursday plummeted 2.2 per cent as fears over excessive inflation and the opportunity of additional hikes in rates of interest made traders nervous, resulting in promoting stress.

The benchmark Sensex dove 1,158 factors to 52,930.31 and the NSE Nifty by 359 factors at 15,808.00 because the broad sell-off, led by overseas traders, hit sentiment.

Going forward, listed below are the highest shares to observe on Friday, May 13, 2022:

Larsen & Toubro (L&T)

Larsen & Toubro on Thursday reported a ten per cent development in its consolidated internet revenue at Rs 3,620.69 crore for the quarter ended March, 2022. The firm had posted a consolidated internet revenue of Rs 3,292.81 crore within the year-ago interval, Larsen & Toubro (L&T) mentioned.

The consolidated revenue through the quarter beneath evaluate rose to Rs 53,366.26 crore from Rs 49,116.16 crore within the year-ago interval.

Jammu and Kashmir Bank

Jammu and Kashmir Bank on Thursday reported a internet revenue of Rs 112.20 crore for the January-March quarter of FY2022 in opposition to Rs 315.75 crore within the year-ago quarter.

Total revenue of the financial institution rose to Rs 2,209.40 crore within the fourth quarter from Rs 2,108.01 crore within the year-ago interval, in response to a regulatory submitting.

For the total 2021-22 fiscal, the financial institution reported a internet revenue of Rs 501 crore, registering a development of 16 per cent yr on yr.

Poonawalla Fincorp

Poonawalla Fincorp on Thursday reported a consolidated internet revenue of Rs 118.9 crore for the quarter ended March. The non banking finance firm had reported a internet lack of Rs 647.70 crore in the identical quarter a yr in the past.

Total income from operations was down by 11 per cent at Rs 512.20 crore in This fall FY22, as in opposition to Rs 572.80 crore in the identical interval of FY21, the corporate mentioned in a launch. The firm’s board has beneficial a dividend cost of 20 per cent, topic to shareholders’ approval, it mentioned.

Assets beneath administration (AUM) for FY22 elevated to Rs 16,579 crore, recording a development of 17 per cent over FY21, whereas disbursements stood at Rs 9,494 crore, rising by 158 per cent over FY21. The firm mentioned its housing subsidiary Poonawalla Housing Finance Limited (PHFL) crossed the Rs 5,000-crore AUM mark in March 2022.

Aditya Birla Capital

Aditya Birla Capital on Thursday reported an increase of 20 per cent in its consolidated revenue after tax at Rs 450 crore in quarter ended March 2022. The consolidated income of the corporate for This fall FY22 grew 18 per cent from a yr in the past to Rs 6,962 crore, Aditya Birla Capital (ABCL) mentioned in a launch.

For the whole monetary yr 2021-22, the consolidated income grew 16 per cent yr on yr to Rs 23,633 crore. The consolidated revenue after tax for the yr grew 51 per cent to Rs 1,706 crore, the best ever recorded by the corporate, it added.

Apollo Tyres

Apollo Tyres on Thursday mentioned its consolidated internet revenue has declined by 61 per cent to Rs 113 crore for the fourth quarter ended March. The firm had reported a consolidated internet revenue of Rs 287 crore within the January-March quarter of 2020-21 fiscal.

Revenue from operations rose by 11 per cent to Rs 5,578 crore, as in opposition to Rs 5,026 crore within the fourth quarter of FY21, Apollo Tyres mentioned in an announcement.

For the yr ended March 31, 2022, the tyre main mentioned its internet revenue elevated by 82 per cent to Rs 639 crore, as in comparison with Rs 350 crore in 2020-21. Revenue from operations rose by 20 per cent to Rs 20,948 crore, as in opposition to Rs 17,397 crores in FY21, the corporate mentioned.

-from PTI inputs