SBI, L&T, TVS Motor, other stocks to track on Thursday
Stock Market News (May 9): Domestic equity benchmarks finished a volatile session almost unchanged on Wednesday as selling pressure in financial and IT shares offset buying interest in energy and auto stocks. Here's a list of stocks that will be in focus during the May 9 session.
Share Market News (May 9): At 8:08 am, Gift Nifty futures traded flat with a negative bias at 22,381, down 0.05 per cent or 11.85 points, indicating muted opening on the D-Street today. Domestic equity benchmarks Nifty50 and Sensex finished yet another volatile session almost unchanged on Wednesday, as selling pressure in financial and IT shares offset buying interest in energy and auto stocks. The 30-scrip index lost 45.5 points, or 0.1 per cent, to end at 73,466.4 while the Nifty settled as flat as it could, at 22,302.5.
Here are a few stocks that investors will keenly track on Dalal Street in the May 8 session, including State Bank of India (SBI), TVS Motor Company, Punjab National Bank (PNB), Asian Paints and Wipro:
Around 70 companies all set to report March-quarter results on May 9
State Bank of India (SBI), Asian Paints and Punjab National Bank (PNB) are among 70-odd companies slated to report their financial results for the quarter as well as the year ended March 31, 2024, on May 9.
Besides, MGL, HPCL, BPCL, IOB, VST Tillers Tractors and Nitin Spinners are also scheduled to report their numbers on the same day.
BoB World app can onboard new customers as RBI lifts restrictions
The RBI has allowed state-run lender Bank of Baroda to onboard new customers through its mobile app Bob World, more than six months after imposing restrictions citing material supervisory concerns.
Wipro collaborates with US-based Kognitos to deploy GenAI-powered business automation solutions
Wipro and Kognitos Inc, a portfolio company of Wipro Ventures, has announced a collaboration to deploy enterprise-ready GenAI-based business automation solutions.
The Bengaluru-based IT firm said its corporate investment arm, Wipro Ventures, invested in Kognitos as part of a Series A funding round.
NBCC wins Rs 450-crore deals in Chhattisgarh, Kerala
State-owned NBCC has bagged contracts worth Rs 450 crore in Chhattisgarh and Kerala.
L&T Q4 profit up 10% at Rs 4,396 crore
Engineering and construction major Larsen & Toubro has registered a 10.2 per cent year-on-year increase in consolidated net profit to Rs 4,396.1 crore for the March quarter driven by higher income.
Citigroup offloads Rs 233-crore Vodafone Idea shares
Through its affiliate Citigroup Global Markets Mauritius, US-based Citigroup has sold Vodafone Idea shares worth more than Rs 233 crore through an open market transaction, according to block deal data.
Tata Power Q4 profit up 11%
Tata Power has registered an 11 per cent year-on-year increase in consolidated net profit to Rs 1,046 crore for the January-March period driven by higher revenue.
The Tata group power generation firm's 4.3 GW cell and module manufacturing facility in Tamil Nadu's Tirunelveli has commenced production.
BSE Q4 profit grows 21%
Stock exchange BSE has clocked 21 per cent year-on-year growth in net profit to Rs 107 crore for the March quarter. Its quarterly total income has doubled to Rs 548.4 crore, according to a regulatory filing.
AstraZeneca withdraws COVID-19 vaccine
UK-based pharma major AstraZeneca has started a global withdrawal of its COVID-19 vaccine, citing a surplus of available updated vaccines since the pandemic.
The vaccine was provided in India as Covishield in partnership with Serum Institute of India.
Zomato rolls out crowd-supported weather infra network
Food aggregator Zomato has launched a crowd-supported weather infrastructure network comprising 650 on-ground stations to provide real-time information on key parameters such as temperature and rainfall, according to its co-founder and CEO Deepinder Goyal.
TVS Motor Company Q4 PAT rises 15%
TVS Motor Company has reported a 15 per cent year-on-year increase in consolidated net profit to Rs 387 crore for the quarter ended March 31, 2024, driven by robust sales volumes.