Shriram Finance, DLF, Bharti Airtel, other stocks to track on Tuesday
Share Market News: Domestic equity benchmarks Nifty50 and Sensex began the week on a mildly positive note, rising for a second straight session, led by gains in financial and metal shares though losses in auto and energy shares limited the upside.
Share Market News (May 14, 2024): At 8:03 am, Gift Nifty futures traded with gains of 0.28 per cent at 22,262.5, indicating positive opening for the markets. Domestic equity benchmarks registered mild gains for a second straight session on Monday, led by buying interest in financial and metal stocks though selling pressure in auto and energy shares played spoilsport, limiting the upside. The Sensex finished the session up 111.7 points at 72,776.1, after gyrating in a range of almost 1,000 points around the flatline, and the Nifty50 settled at 22,104.1, up 48.9 points.
Here's a list of stocks likely to be in focus in the next, May 14 session on Dalal Street, including DLF, Karur Vysya Bank, Shriram Finance, and Infosys.
Check out the full list here:
Bharti Airtel among almost 100 firms due to report results on May 14
Bharti Airtel is among the almost 100-odd companies scheduled to report their financial results on Tuesday.
Other companies due to post their numbers on the same day include Apollo Tyres, Shree Cement, Thyrocare, PVR INOX, Patanjali Foods, Bajaj Electricals, Oberoi Realty, Matrimony, Radico Khaitan, GTL Infra, Edelweiss Financial Services, Devyani International, VMart, Siemens, Butterfly Gandhimathi Appliances, Zydus Wellness, Colgate-Palmolive, and Mukka Proteins.
Auto stocks set to be in focus on Tuesday; here is why
Industry body SIAM is scheduled to release monthly sales data in the first half of the day.
Shriram Finance, Valiant Partners to sell Shriram Housing Finance to Warburg Pincus
Shriram Finance will sell its housing finance arm to Mango Crest Investment, an affiliate of private equity major Warburg Pincus, for Rs 4,630 crore to focus on vehicle finance and small business lending.
Shriram Finance owns 83.8 per cent of SHF while 14.8 per cent is with PE player Valiant, which is also divesting its stake in full, and the remaining 1.4 per cent is with employees.
DLF stages better-than-expected Q4 show
DLF registers a 61.5 per cent jump in net profit with 46.6 per cent growth in revenue for the March quarter. The real estate developer's margin improves by 790 bps to 35.3 per cent.
Sugar stocks in focus
International sugar rates drop about three per cent to the lowest level recorded in a year and a half owing to improving supplies.
RVNL bags deal
Rail Vikas Nigam Ltd (RVNL) wins an LoA worth Rs 239 crore from the Southern Railway, one of the zones served by the Indian Railways.