Synopsis: Reliance, Tech Mahindra, Wipro, and 7 other stocks will be in the limelight, ahead of their Q3 quarterly earnings due today. Earnings of these companies would provide valuable cues on emerging demand trends, margins, and near-term growth outlook across sectors such as energy and IT to banking and infrastructure
A very busy earning season lies in store for Dalal Street, with heavyweight companies like Reliance Industries, Tech Mahindra, Wipro, and many mid and large-cap stocks scheduled to announce their quarterly results today. The street would be closely observing the bottom-line performance in order to gauge the business conditions in the next quarters.
The company is a conglomerate and primarily refines crude oil to manufacture/extract transportation fuels, polymers and elastomers, intermediates, and polyesters. It has plants and manufacturing assets located across India. With the market cap of Rs 19,74,117 crore, the shares of Reliance Industries Ltd closed at Rs 1,459 and are trading at a PE of 25.8, whereas its industry PE is at 11.1. Overall, the upcoming results are expected to offer important cues on the company’s near-term growth outlook.
The company provides a comprehensive range of IT services, including IT-enabled service, application development and maintenance, consulting and enterprise business solutions, etc., to a diversified base of corporate customers in a wide range of industries. With the market cap of Rs 1,55,629 crore, the shares of Tech Mahindra Ltd have closed at Rs 1,588 and are trading at a PE of 34.7, whereas its industry PE is at 25.6. The earnings announcement tomorrow should provide fresh insight into the company’s operating trajectory.
INDOSOLAR
Indosolar, part of the Waaree Group, is a leading solar manufacturer with a 1.3 GW state-of-the-art facility in Noida producing advanced N-type solar modules. Backed by Waaree’s legacy, it focuses on high-efficiency technology to support India’s clean energy transition. With the market cap of Rs 2,029 crore, the shares of Indosolar Ltd
have closed at Rs 488 and are trading at a PE of 9.51, whereas its industry PE is at 45.6. Results are likely to shed light on how the business is positioned for growth going ahead.
The company is a global information technology, consulting and business process services (BPS) company and is the 4th largest Indian player in the global IT services industry, behind TCS, Infosys and HCL Technologies. With the market cap of Rs 2,72,869 crore, the shares of Wipro Ltd have closed at Rs 260 and are trading at a PE of 20.2, whereas its industry PE is at 25.6. The outcome of the earnings release will be crucial in understanding the company’s performance direction.
TATATECH
The company provides outsourced engineering services and digital transformation services to global manufacturing clients, offering product development and digital solutions. With the market cap of Rs 26,239 crore, the shares of Tata Technologies Ltd have closed at Rs 647 and are trading at a PE of 37.8, whereas its industry PE is at 29.7. Overall, the results are expected to clarify the sustainability of the company’s growth momentum.
JSW INFRA
The company is a part of JSW Group and is the second-largest commercial port operator in India in terms of cargo handling capacity and also operates two port terminals under O&M agreements for cargo handling capability in the UAE. With the market cap of Rs 55,283 crore, the shares of JSW Infrastructure Ltd have closed at Rs 263 and are trading at a PE of 34.9, whereas its industry PE is at 24.9. The earnings update should help investors gauge the company’s outlook amid current market conditions.
FEDERAL BANK
The company provides retail and corporate banking and para-banking activities such as debit cards, third-party product distribution, treasury and foreign exchange business and is the second-largest bank and the largest private sector bank in Kerala. With the market cap of Rs 60,782 crore, the shares of Federal Bank Ltd have closed at Rs 247 and are trading at a PE of 15.4, whereas its industry PE is at 15.4. Results today will be key in assessing the company’s business visibility and execution capability.
POONAWALLA FINCORP
The company is a non-deposit-taking NBFC registered with RBI and is engaged in providing consumer and MSME financing, as well as general insurance. services. With the market cap of Rs 38,295 crore, the shares of Poonawalla Fincorp Ltd have closed at Rs 471 and are trading at a PE of 176, whereas its industry PE is at 22. The earnings announcement is expected to offer meaningful signals on the company’s growth path.
POLYCAB
Polycab is India’s leading manufacturer of cables and wires and allied products such as uPVC conduits and lugs and glands and has a range of cables and wires for practically every application. More recently, Polycab has also launched a wide range of consumer electrical products like fans, switches, switchgear, LED lights and luminaries, solar inverters, and pumps. With the market cap of Rs 1,10,253 crore, the shares of Polycab India Ltd have closed at Rs 7,324 and are trading at a PE of 45, whereas its industry PE is at 20.Overall, the results should provide better clarity on the company’s operational outlook.
CENTRAL BANK
Central Bank of India is a commercial bank, and its segments include treasury operations, corporate/wholesale banking, retail banking, and other banking business. The Treasury Operations segment includes dealing in government and other securities, money market operations and Forex operations With the market cap of Rs 34,658 crore, the shares of the Central Bank of India have closed at Rs 38.3 and are trading at a PE of 7.66, whereas its industry PE is at 8.48. The upcoming earnings are likely to give investors a clearer picture of the company’s future trajectory.
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