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TCS, Avenue Supermarts, Bandhan Bank, BAJAJ Finserv, Karnataka Bank

Stocks to watch in trade for July 11: TCS, Avenue Supermarts, Bandhan Bank, BAJAJ Finserv, Karnataka Bank

TCS – Results Q1FY23

Turnover at 52,758 crore against ET Now Poll Rs 52,750 cr

CC growth at 3.5% vs. ET Now Poll 3.7%

USD growth at 1.3% vs. ET Now Poll 1.5%

Margin at 23.% vs ET Now Poll 23.6%

PAT at 9478 cr vs ET Now Poll 9910 cr

Avenue Supermarts – Q1 FY23 Results

Rev at `9806.9Cr vs ET Now Poll of `9806Cr YoY

PAT at `679.6Cr vs ET Now Poll of `575Cr YoY

EBITDA at `1008Cr vs ET Now Survey of `877Cr YoY

Margins at 10.3% vs. ET Now Poll for 8.94% YoY

Bandhan bank first quarter update

Loans and advances `96649cr vs `80357cr, up 20% YoY

Retail deposits `73,780cr vs `63,911cr, up 15% YoY

CASA ratio 43.2% versus 42.9%

BAJAJ Finserv Q1 Update

* Bajaj Allianz General Insurance

The gross direct premium written on June 22 stands at Rs 934.34

* Bajaj Allianz Life Insurance

New business for June 22 stands at Rs 1,259cr

CSK

Received orders of approximately Rs 500 cr from Nuclear Power Corporation of India for supply of primary coolant pumps and electric motor along with spare parts and accessories.

The sale/provision of products/services for these orders will be phased in from FY26.

Bank of Karnataka

Gross advances increased at a satisfactory rate of 12.59%

CASA’s share amounted to 32.80%

The Bank’s core deposits stood at Rs.80572.7cr

Co says growth prospects are very promising

Marksans Pharma

Board approved buyout up to Rs 60cr via open market route

Maximum price – Rs 60/sh

cmp: 50; 20% increase per cmp

DILIP CONSTRUCTION

The company declared itself to be the Ll bidder for the tender issued by the order Madhya Pradesh JalNigam Worth-1400.04Cr

Infra IRB

The gross toll collected on MoM decreased by 4% to Rs 329 cr in June 2022 from Rs 344 cr in May 2022.

AU SFB

The board of directors meets on July 19 to consider raising funds via QIP and debt.

REC

Last day to buy to be eligible for the dividend; the dividend yield is 3.7%

Techno electric

The board of directors will consider the proposal to buy back its shares today

Q1FY23 results today

5Paisa Capital

Spandana Sphoorty