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Stock In News :- NTPC: The country's largest power generation company, has recorded 1 percent year-on-year increase in standalone profit at Rs 5,672.3 crore for the quarter ended March FY23, despite weak operating margin, supported by higher topline and other income. Overall, earnings, barring bottomline, missed estimates. Standalone revenue from operations grew by 20.3% to Rs 41,318 crore compared to same period last year. Zomato: The food delivery giant's consolidated loss for the March FY23 quarter narrowed to Rs 187.6 crore, from loss of Rs 359.7 crore in the same period last year as topline increases sharply and operating loss narrowed. Consolidated revenue from operations grew by 70% YoY to Rs 2,056 crore in Q4FY23. Zomato appointed Rakesh Ranjan as CEO of food ordering and delivery business, Rinshul Chandra as COO of food ordering & delivery business, and Rishi Arora as CEO of Zomato Hyperpure. Bandhan Bank: The private sector lender has registered a massive 57.5% year-on-year decline in profit at Rs 808 crore for March FY23 quarter, impacted by significantly higher provisions & contingencies. Lower non-interest income, net interest income and pre-provision operating profit also impacted profitability. Net interest income fell 2.7% to Rs 2,472 crore compared to similar quarter last year, with 140 bps decline in net interest margin. However, asset quality improved with gross non-performing assets falling 228 bps sequentially to 4.87% and net NPA down 69 bps to 1.17% for Q4FY23. JSW Steel: The JSW Group's flagship company has reported a 12% year-on-year growth in consolidated profit at Rs 3,741 crore for quarter ended March FY23 due to low base and higher other income, but impacted by dismal operating performance. Revenue from operations for Q4FY23 grew by 0.1% to Rs 46,962 crore compared to same period last year. JSW Steel elevated Jayant Acharya as Managing Director & CEO for five years, and appointed Gajraj Singh Rathore as Additional Director & Whole Time Director designated as Chief Operating Officer. Power Grid Corporation of India: The state-owned power transmission utility has recorded a 4% year-on-year increase in consolidated profit at Rs 4,320.4 crore for March FY23 quarter driven by healthy topline and operating performance. Revenue from operations at Rs 12,264 crore grew by 14.7% over a year-ago period. Bharat Electronics: The state-owned defence company has registered nearly 20% year-on-year growth in consolidated profit at Rs 1,382 crore for quarter ended March FY23, driven by healthy operating numbers. Revenue grew by 2.2% to Rs 6,479.1 crore compared to same period last year. Crompton Greaves Consumer Electricals: The consumer electrical company has reported a 25.7% year-on-year decline in consolidated profit at Rs 131.2 crore for March FY23 quarter impacted by lower operating numbers. Revenue from operations grew by 15.7% to Rs 1,791 crore compared to same period last fiscal. Sun TV Network: The television broadcaster has reported a 7.3% year-on-year decline in consolidated profit at Rs 380.2 crore for March FY23 quarter, impacted by weak topline and operating numbers. Revenue for the quarter dropped 2% to Rs 840.4 crore compared to year-ago period.

Results on May 22: Shree Cement, Bharat Petroleum Corporation, PB Fintech, Aditya Birla Fashion and Retail, CESC, Capri Global Capital, EIH, Finolex Industries, Fusion Micro Finance, Gujarat Alkalies & Chemicals, HCL Infosystems, HEG, Indiabulls Housing Finance, Radiant Cash Management Services, SJVN, Sun Pharma Advanced Research Company, Waaree Technologies

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Positionally  Looks Good to Buy "MOTHERSUMI" @80,  50% @ 73 SL @69 (Closing Basis) Target 84/ 102/ 114/ 127. BUY "TECHM" @1070, 50% @ 1056 SL @1050 (Closing Basis) TGT @ 1094 / 1121. Note:- All levels  given  based  on technical  only for Educational purposes.  Investment  or Trading is Subject  to Market  Risk. Trade On your  Own Risk.

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Book made low 18184, 1st 🎯 Achieved, from our short level 18240. ✈️✈️✈️ Banknifty made low 43751.25, Nr. 1st🎯 Achieved from 43830.✈️✈️✈️

*SBI Q4* Net profit at Rs 16695 crore versus poll of Rs 15053 crore GNPA at 2.70% versus poll of 2.90% NNPA at 0.67% versus poll 0.70% Dividend Announced Rs 11.3/Sh (The numbers seen better than estimates. Asset quality numbers will important as Bank recorded slippages of Rs 3098 crore during previous quarter)