Stocks in News: IndusInd Bank, Wipro, Tata Chemicals among 12 stocks in focus on Q4 results, auto sales data and other key triggers

From Q4 results impact to April auto sales, the market would witness action on the back of many triggers on Monday. Among stocks that could see an impact of news and earnings would be – IndusInd Bank, Wipro, Tata Chemicals, Can Fin Homes, IDFC First Bank, and Auto companies.  

The Indian markets declined for the second day in a row, as benchmark indices Nifty50 and the Sensex saw a cut of more than one per cent in the opening trade on Monday.  The Nifty50 slipped below the 17,000-mark and Sensex tanked by more than 500 points on Monday. 

Q4 Results 

Indusind Bank Q4FY22 Results: Private lender has reported 55.3 per cent rise in its consolidated net profit at Rs 1,361 crore in the fourth quarter of the financial year 2021-22 (Q4FY22) as compared to Rs 876 crore in the year-ago period. 

The bank’s Net Interest Income (NII) came at Rs 3,985 crore, up by 13 per cent year-on-year to Rs 3985 crore in Q4FY22 as compared to Rs 3534 crore a year-ago period.  

Wipro Q4FY22 Results: The IT company’s revenue grew by almost 3 per cent and dollar revenue up over 3 per cent, margins better than estimated but down by 60 basis points, and also growth 4 per cent growth was seen in March quarter profit. 

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Tata Chemicals Q4FY22 Results: Company reported better than expected, as profit grew multi-fold to Rs 438 crore YoY and revenue surged by 32 per YoY during the quarter.  

Can Fin Homes Q4FY22 Results: Housing Finance Company also reported better than expected figures, as profit grew by almost 20 per cent and revenue by almost 30 per cent in March quarter. 

L&T Finance Q4FY22 Results: Company’s earnings came below estimate as profit grew over 28 per cent but NII slipped by over 5 per cent YoY 

IDFC First Bank Q4FY22 Results: Private lender reported below estimate results. Profit grew over two and half times and NII jumped over 36 per cent YoY during the quarter. 

Q4 Results today 

Index heavyweights such as HDFC and Britannia are scheduled to announce their results today, along with other mid-cap stocks such as Alembic Pharma, Castrol India, M&M Financials. 

April Auto Sales 

Maruti Suzuki reported lower than estimated sales numbers, while Tata Motors reported a month-on-month jump in April sales. Other auto majors such as Hero Moto reported lower sales figures for April, and same as with Eicher Motors total April sales figures were lower than estimated.