Keep your eyes glued on these seven stocks on Wednesday!
Bharti Airtel: The company posted quarterly revenue of Rs 26,854 crore, which is up by 21.2 per cent YoY on a comparable basis while India business posted quarterly revenue of Rs 18,828 crore, up by 19.2 per cent YoY. Mobile ARPU stood at Rs 146 vs Rs 138 in Q1’21 on comparable basis. Monthly mobile data consumption per customer came at 18.5 GBs, up by 13.7 per cent YoY, which is the highest-ever customer additions of 2,85,000 in the home business in Q1’22. The digital TV business added 2,82,000 customers, increasing its base to 18.0 million in Q1’22.
Kalpataru Power Transmission: The company’s revenue grew by 38 per cent YoY to Rs 3,204 crore with healthy execution in projects across all businesses. PAT stood at Rs 78 crore in comparison to Rs 28 crore during the same period last year while PAT margin was reported at 2.4 per cent.
TCS: Rich Products selects TCS for intelligent supply chain modernisation to improve operations and agility.
Indo Count Industries: New capacity to drive next leg of growth. A total Capex of Rs 200 crore includes brownfield investment for adding commensurate cut & sew facilities and for enhancing the capacity for top of the bed (TOB) products. This will entail a Capex of Rs 150 crore. Meanwhile, modernisation of spinning units with compact spinning technology will entail a Capex of Rs 50 crore. Capex will be funded by a mix of internal accruals and debt. These investments are expected to increase the revenue by Rs 600 crore over the next two years, post-commissioning.
Sterlite Technologies: The company has announced a collaboration with Facebook Connectivity to design and develop 4G & 5G radio products as part of Evenstar programme to help accelerate the commercial deployment of open RAN and boost 5G readiness for operators around the world.
Wipro: Wipro has earned Kubernetes on Microsoft Azure advanced specialisation.
Power Grid Corporation of India: Power Grid Varanasi transmission system successfully commissions transmission system for new WR-NR 765 kV inter-regional corridor.