Stocks in Focus Today: Today i.e. on May 15, 2024, some stocks (stocks in news) are ready to show action. Due to positive trigger, these shares may remain in focus (stocks to watch) in the market today. If you are looking for better stocks in intraday then you can keep an eye on them (Stock in Focus). Today’s list includes Airtel, Hero Motocorp, Colgate-Palmolive, Siemens, PVR Inox, REC, PFC, LIC Housing, BASF India, Radico Khaitan, Apollo Tyres, Bajaj Electricals, Zydus Wellness, Bharti Hexacom, Clean Science and Technology, CMS. Shares like Info Systems, Dixon Technologies, Granules India, IEX, Jindal Stainless, Mankind Pharma are included.
PFC, LIC Housing quarterly results today
Today on May 15, 2024, the quarterly results of Power Finance Corporation and LIC Housing Finance will come. Apart from these, results of Clean Science and Technology, CMS Info Systems, Dixon Technologies (India), Granules India, Indian Energy Exchange, Jindal Stainless, Jyothy Labs, Mankind Pharma will also be released today.
Airtel
Bharti Airtel’s profit in the March quarter of the last financial year declined by 31 percent to Rs 2072 crore. In the same quarter a year ago, the company had earned a profit of Rs 3,005.6 crore. The company’s revenue from operations increased by 4.4 percent to Rs 37,599.1 crore compared to Rs 36,009 crore in the same quarter a year ago. The company added 78 lakh smartphone subscribers in the March quarter and achieved ARPU (average revenue per subscriber) of Rs 209.
Hero MotoCorp
The market cap of the country’s leading two-wheeler manufacturer Hero MotoCorp crossed Rs 1 lakh crore for the first time on Tuesday. Hero MotoCorp shares rose for the fifth consecutive trading session on BSE and touched the level of Rs 5,050 per share. The company’s profit has increased by 16.3 percent to Rs 943.46 crore in the March quarter.
Siemens
Siemens Limited’s profit increased by almost 74 percent to Rs 896 crore in the quarter ended March. The company had earned a profit of Rs 516 crore in the same quarter a year ago. The company said in the statement that during this period it has received new orders worth Rs 5,184 crore. The company’s Managing Director and Chief Executive Officer (CEO) Sunil Mathur said that the second quarter saw strong growth in revenue due to strong order backlog.
PVR Inox
PVR Inox Limited has suffered a loss of Rs 129.7 crore in the fourth quarter of the last financial year 2023-24. The company’s loss in the fourth quarter (January-March) of the financial year 2022-23 was Rs 334 crore. Operating income stood at Rs 1,256.4 crore, compared to Rs 1,143.2 crore in the same quarter a year ago. The company has 1,748 screens in 360 theaters across 112 cities in India and Sri Lanka.
REC
Public sector REC said that Harsh Baweja has taken over as Director (Finance) of the company. His appointment was approved on May 10. REC, which comes under the Ministry of Power, said in a statement that Harsh Baweja has taken over as Director (Finance) of the company. This appointment was made after an intensive selection process of 11 candidates. Baweja has over 33 years of experience in the field of managing financial and business functions in multiple organizations.
Apollo Tires
The profit of Apollo Tires for the March quarter of the financial year 2023-24 has declined by 14 percent to Rs 354 crore. Its profits have decreased due to high expenses. The operating income of the company stood at Rs 6258 crore, which was Rs 6,247 crore in the fourth quarter of 2022-23. During the entire financial year 2023-24, the tire manufacturer’s profit increased by 65 percent on an annual basis to Rs 1,722 crore.
