Stocks to watch today: From Bharti Airtel, Tata Motors to HAL - Here's a list of 7 stocks in focus today - Market News | The Financial Express
With the India-Pakistan ceasefire bringing some relief on the global front and the Q4 earnings season gaining momentum, today’s market is set for a busy session. Whether it is reactions to earnings, industry shifts, or global news, certain companies are likely to see significant action. Here’s a look at the stocks that could be in focus today.
In the previous trading session on May 13, the Sensex plunged by 1,281.68 points, or 1.55%, to close at 81,148.22, while the Nifty dropped 346.35 points, or 1.39%, settling at 24,578.35.
Telecom major Bharti Airtel posted a net profit of Rs 11,022 crore in the fourth quarter. It even beat analyst estimates by a huge margin. But it is still down by 25.4% compared to the previous quarter’s Rs 14,781 crore. Revenue rose modestly by 2.1% to Rs 47,876 crore. Airtel also reported a healthy operating profit (EBITDA) of Rs 27,404 crore.
Tata Motors continues its stable ride with a net profit of Rs 8,470 crore, riding on revenue of Rs 1.19 lakh crore. The company’s EBITDA came in at Rs 16,992 crore, slightly higher than estimates.
Siemens India saw a 27.4% fall in profits this quarter, reporting Rs 582.5 crore, compared to Rs 803 crore last year. Higher input costs and some one-time expenses, including Rs 63 crore spent on its demerger process.
Airtel’s lesser-known arm, Bharti Hexacom, quietly delivered a blockbuster quarter. Net profit surged 110% year-on-year, hitting Rs 468.4 crore, up from Rs 222.6 crore a year ago. Revenue grew 22.5% to Rs 2,289 crore. The performance was boosted by a one-time tax benefit of Rs 88 crore, but even without that, core numbers looked strong.
Diagnostics chain Metropolis saw a 19% drop in profit, posting Rs 29 crore compared to Rs 36 crore last year. Revenue rose slightly to Rs 345 crore, but operating profit fell sharply by 22%, with margins dipping to 18% from over 24%.
Defence PSU Garden Reach turned in a stellar quarter. Net profit more than doubled to Rs 244.2 crore, while revenue shot up 62% to Rs 1,642 crore. Operating profits (EBITDA) soared 142%, thanks to timely execution of defence projects.
Construction firm ITD Cementation had a strong quarter, with profit rising 27% to Rs 113.6 crore. Revenue grew nearly 10%, driven by strong execution in key infrastructure projects. Operating margins also improved to 10.5% from 9.8%.
Earnings to watch today
Investors will also be closely watching a host of companies announcing their earnings today. Among the key names on the radar are Hindustan Aeronautics, Eicher Motors, Tata Power Company, Shree Cements, Lupin, Muthoot Finance, Torrent Power, Hitachi Energy India, Berger Paints India, Jubilant Foodworks, Apollo Tyres, Piramal Pharma, Brigade Enterprises, Apar Industries, JB Chemicals and Pharmaceuticals, and Aditya Birla Real Estate.
Other notable firms include Sagility India, Chemcon Speciality Chemicals, Chemfab Alkalis, Chpl Industries, Capital India Finance, Concord Control Systems, Dam Capital Advisors, Davangere Sugar Company, Dollar Industries, Dredging Corporation of India, Eclerx Services, Eiko Lifesciences, Eros International Media, Excel Industries, and Foseco India.