1. Buzzing Stocks: Hindalco, Ashok Leyland, Wockhardt, JSW Energy and others in
news today
Stocks to view: Check out the companies making headlines before the opening bell today.
Results on May 24
Hindalco Industries, National Aluminium Company, FSN E-Commerce Ventures, Oil India, 63
Moons Technologies, Ashoka Buildcon, Bayer Cropscience, Brigade Enterprises, Cummins India,
Fine Organic Industries, Gujarat Pipavav Port, Garden Reach Shipbuilders & Engineers, ICRA,
India Cements, IRCON International, JB Chemicals & Pharmaceuticals, Nava, The Phoenix Mills,
Hitachi Energy India, Trident, Titagarh Wagons, and Wonderla Holidays will be in focus ahead of
declaring their quarterly Earnings today.
Wipro: They IT service provider has expanded its partnership with Google Cloud to bring
advanced generative artificial intelligence (AI) capabilities to clients across the globe. It will
integrate generative AI in its entire suite of capabilities, accelerators, IP, or solutions.
Ashok Leyland: They commercial vehicle producer has recorded a 16.6% year-on-year downfall
in standalone gain at Rs 751.4 crore for the quarter ended March FY23 due to a high base, but
topline and operating numbers remained healthy. It reported exceptional profit of Rs 56.43
crore in Q4FY23 against Rs 470.26 crore in Q4FY22. Revenue from operations for the quarter
increased significantly by 33% to Rs 11,626 crore compared to common period last year. The
board recommended dividend of Rs 2.6 per share for FY23.
JSW Energy: They utilities company has reported a 68.5% year-on-year fall in consolidated gain
at Rs 272 crore for March FY23 quarter, dented by higher finance & fuel costs, and lower
another income. Revenue from operations grew by 9.4% to Rs 2,670 crore compared to year-
ago period.
Mahindra CIE Automotive: Promoter Mahindra & Mahindra is probable to sell 1.2 crore shares
or 3.2% equity in Mahindra CIE Automotive via block deal soon, reports CNBC-Awaaz quoting
sources. The block deal in Mahindra CIE is probable at a discount of 5-6% to current market
price.
Wockhardt: The pharma company has received a settlement command from the Securities and
Exchange Board of India in the matter of a show-cause notice issued on September 15, 2022 for
non-disclosure of interim outcome of USFDA inspection in 2013. With the settlement order, the
charges contained in the said show cause notice against the company and its directors - Habil
Khorakiwala, Murtaza Khorakiwala and Huzaifa Khorakiwala - have past disposed of without
entry or denial of findings of fact and conclusions of law contained in the display cause notice.