Dr Reddy's, L&T, Gujarat Gas, Bosch, Relaxo Footwears, and others to remain in focus today

SGX Nifty points to a positive start to the trade on May 10, 2023. At 08:20 AM, the Nifty futures on the Singapore Exchange (SGX) traded 0.17 per cent higher at 18,342 levels. However, global markets were on the back foot ahead of US inflation data, which will be released today. 

Here's a look at the top stocks that may remain in focus today - 

Earnings today: L&T, Dr Reddy's, Gujarat Gas, Bosch, Venky's, Sanofi India, Pricol, and Relaxo Footwears, among others, are slated to announce their March quarter numbers later in the day. 

Lupin: The company reported a net profit of Rs 236 crore in the March 2023 quarter as against a net loss of Rs 518 crore reported in the year-ago period. Revenue rose 14 per cent to Rs 4,430 crore against the Rs 4,433 crore forecast. 

Raymond: The board of Raymond on Tuesday approved a proposal to raise Rs 2,200 crore through non-convertible debentures (NCDs) on a private placement basis. Besides, the company reported a nearly 6 per cent rise in quarterly net profit on the back of higher sales in its key textiles and apparel businesses. The Mumbai-based firm, one of India's largest suit and shirt makers, has benefited from a rise in demand for textiles as Indians shop clothes for weddings and step out more often following successive years of COVID-19 curbs.

Apollo Tyres on May 9, 2023, announced its fourth-quarter results, recording a rise of 276 per cent to Rs 427 crore in its profit after tax (PAT) in Q4. It beat ZeeBiz's estimate of Rs 340 crore. The tyre maker's revenue from operations jumped 12 per cent to Rs 6,247 crore in Q4 FY23 from Rs 5,578 crore in the fourth quarter of last year. Its EBITDA soared 59 per cent from Rs 626 crore to Rs 998 crore, beating ZeeBiz's estimate of  Rs 960 crore. The margin was also up from 11.2 per cent to 16 per cent, beating ZeeBiz's estimate of 15 per cent.

Castrol India: For the March quarter, the company registered revenue from operations of Rs 1,294 crore, marking a growth of 5 per cent compared to Rs 1,236 crore in the March quarter of 2022 (corresponding quarter in the previous year), and a growth of 10 per cent from Rs 1,176 crores in the previous quarter. Profit after tax (PAT) stood at Rs 203 crore against Rs 228 crore registered in the year-ago period. The company follows a calendar year basis from January to December for its financial reporting.

Matrimony.com: Matrimony reported revenue of Rs 114.5 crore, up 3.7 per cent QoQ & 3.6 per cent QoQ was led by revenue recovery in matchmaking services, which grew 3.5 per cent QoQ and 2.3 per cent YoY to Rs 111.6 crore. Marriage services reported revenue of Rs 2.9 crore. The average transaction value (ATV) declined 1 per cent QoQ to Rs 4,488 during the quarter.

SRF: The chemicals company has increased its capex to set up an aluminium foil manufacturing facility to Rs 530 crore from Rs 425 crore earlier. In March, the company incorporated a wholly-owned subsidiary for setting up the said manufacturing facility. The increase in capex is due to changes being made to the machine configuration to enhance output, product portfolio, and quality along with some increase in civil and preoperative expenses.

IRB Infrastructure Developers: The company reported a 19 per cent YoY and 5 per cent MoM increase in toll collection during April 2023 at Rs 388.4 crore.

Dalmia Cement Bharat: The company has entered into a Memorandum of Understanding (MoU) with the Assam government to invest close to Rs 4,600 crore in the state which will support the creation of 2,500 jobs.

Greaves Cotton: The engineering company has completed the first stage acquisition of 60 per cent shareholding in Excel Controlinkage.