Bharti Airtel, Patanjali Foods, Coforge, Canara Bank, other stocks to track on Wednesday
Share Market News, Stock Market News: Bharti Airtel, LIC Housing Finance, Rail Vikas Nigam Ltd (RVNL), Indian Energy Exchange (IEX), Titagarh Rail Systems and Hindustan Zinc Ltd (HZL) are among the stocks set to be in focus on Dalal Street on Wednesday, May 15. On Tuesday, domestic equity benchmarks finished about half a per cent stronger, led by energy, auto and metal shares though FMCG and IT shares played spoilsport, keeping the upside in check.
Share Market News, Stock Market News: At 8:12 am, Gift Nifty futures traded up by 0.27 per cent or 60.8 points at 22,369.5, suggesting a positive start on D-Street today. Bharti Airtel, LIC Housing Finance, Canara Bank, Coforge, Indian Energy Exchange (IEX) and Titagarh Rail Systems are some of the stocks set to be in the spotlight on Wednesday, May 15. On Tuesday, domestic equity benchmarks Nifty50 and Sensex registered gains of about 0.5 per cent led by buying interest in energy, auto and metal stocks, though selling pressure in FMCG and IT shares prevented them from reaching higher levels. The Sensex 328.5 points for the day to end at 73,104.6 while the Nifty50 settled with a gain of 113.8 points at 22,217.9.
Check out the full list of stocks set to be in focus on Wednesday:
LIC Housing Finance, RVNL, Mankind, Titagarh, Dixon, IEX among companies scheduled to report results on May 15
LIC Housing Finance, RVNL, Mankind Pharma, Titagarh Rail Systems, Dixon Tech, IEX, PFC, Granules, Cantabil Retail, MOIL, Trident, ICRA and Jyothy Labs are among the almost 100 companies scheduled to release their quarterly numbers on Wednesday.
Canara Bank, Coforge, HZL stocks to trade ex-date
Coforge, Hindustan Zinc, IRB Infra and Aptus Value Housing Finance shares are scheduled to trade ex-dividend, the Canara Bank stock to trade ex-split, and Viji Finance and Solara Active Pharma to trade ex-rights on Wednesday.
Apollo Tyres Q4 results miss analyst estimates
Apollo Tyres has registered a 14 per cent year-on-year fall in net profit to Rs 354 crore with 0.2 per cent growth in revenue to Rs 6,258 crore for the fourth and final quarter of FY24.
Zee Business analysts had pegged the tyre maker's quarterly net profit at Rs 460 crore and revenue at Rs 6,400 crore.
Shree Cement results beat expectations
Shree Cement has logged a 21.2 per cent jump in net profit and 6.6 per cent growth in revenue for the January-March period, better than Zee Business analysts' estimates of 4.4 per cent and 4.1 per cent respectively.
The cement maker's margin improved by 740 basis points to 26 per cent.
EDs to run operations at PSU insurer New India Assurance till CMD appointment
The finance ministry has ordered NIA executive directors to take care of business till a new CMD is appointed.
Infosys signs multi-year deal with UAE-based First Abu Dhabi Bank
Infosys has inked a multi-year agreement with First Abu Dhabi Bank, the UAE's largest lender, for optimising and mdernising the bank's IT infra services.
Thyrocare Technologies stages good Q4 show
Thyrocare has registered a better-than-expected set of financial results for the March quarter, with a 360-bp increase in its margin to 21.8 per cent.
Speciality Restaurants declares dividend
Speciality Restaurants has announced a dividend of Re 1 per share.
Patanjali Foods results a mixed bag
Patanjali Foods has logged a 22 per cent fall in net profit to Rs 206 crore with 4.4 per cent growth in revenue to Rs 8,222 crore for the January-March period.
Colgate-Palmolive India stages strong Q4 show led by double-digit growth in toothpaste
Colgate-Palmolive India has reported a net profit of Rs 380 crore, revenue of Rs 1,490 crore and margin of 35.7 per cent for the January-March period.
Zee Besiness analysts had pegged the personal care product company's quarterly net profit at Rs 372 crore, revenue at Rs 1,500 crore and margin at 35 per cent.
Oberoi Realty Q4 results beat analyst estimates
Oberoi Realty has logged a 64.1 per cent jump in consolidated net profit to Rs 788 crore for the March quarter.
According to Zee Business research, the real estate company was estimated to register a net profit of Rs 500 crore.