Top 10 stocks for today – 15th May 2024

15 May 2024 , 09:10 AM

Here are some of the stocks that may see significant price movement today.

Bharti Airtel: The country’s second-largest telecom operator’s consolidated net profit fell 31.1% on-year to ₹2,072 Crore for the quarter ended March FY24, owing to an unusual loss of ₹2,455.5 Crore (compared to nil in Q4 FY23). Revenue from operations increased by 4.4% year on year to ₹37,599 Crore, hit by currency depreciation in Africa. Consolidated EBITDA of ₹19,590 Crore climbed by 4.2% over the same period in the previous fiscal, with the margin declining 12 basis points year on year to 52.1%.

Mahindra and Mahindra: Mahindra Holdings (MHL), the company’s wholly-owned subsidiary, has signed a Share Purchase Agreement with Space Investments, Defati Investments Holdings BV, and Infinity Partners, as well as the New Delhi Centre for Sight (NDCFS) and its owners. According to the agreement, MHL will sell its full 30.83% ownership in NDCFS for ₹425.39 Crore.

Colgate Palmolive (India): The dental care company reported a net profit of ₹379.8 Crore for the March FY24 quarter, up 20.1% from the same time in the previous fiscal year, with substantial increase in both topline and operating metrics. The revenue from operations climbed by 10.3% year on year to ₹1,490 Crore. Meanwhile, the board declared an interim dividend of ₹26 per share and a special dividend of ₹10 per share.

Shree Cement: The cement company’s net profit increased by 21% year on year to ₹662 Crore in the March quarter of FY24, accompanied by strong growth in operating statistics. Revenue from operations increased by 7% year on year to ₹5,101 Crore, while sales volume increased by 8% to 9.53 million metric tonnes in the quarter.

Siemens: The company’s overall net profit increased by 70.2% year on year to ₹803 Crore in the March quarter of FY24, with robust growth in both topline and operating statistics. Revenue from operations for the second quarter of FY24 was ₹5,750 Crore, increasing 18.4% over the same time in the previous year. It received new orders for ₹5,184 Crore.

Cipla: According to reliable sources, the promoter family and Okasa Pharma are planning to sell up to a 2.53% interest worth ₹2,637 Crore in a block deal. The Cipla block is scheduled to happen at a price ranging from ₹1,289.50-1,357.35 per share.

Bharti Hexacom: The mobile, fixed-line telephone, and broadband services provider reported a 10.2% year-on-year increase in net profit to ₹222.6 Crore for the January-March FY24 quarter, with solid operating margin performance. Revenue from operations increased by 7.8% year on year to ₹1,868 Crore in the quarter.

Apollo Tyres: The tyre manufacturing firm reported a net profit of ₹354 Crore for the fourth quarter of fiscal year 2024, a 13.7% decrease from the previous year’s period, owing to an extraordinary loss of ₹36.8 Crore (compared to an exceptional gain of ₹22.6 Crore YoY) and increased tax charges.

Infosys: The Bengaluru-based digital services and consulting firm has established a multi-year strategic relationship with First Abu Dhabi Bank (FAB), the UAE’s largest bank, to optimise and modernise FAB’s IT infrastructure services.

Oberoi Realty: The Mumbai-based real estate developer’s net profit increased by 64% year on year to ₹788 Crore in the March FY24 quarter, driven by strong topline and operating results. Revenue from operations increased by 36.8% year on year to ₹1,315 Crore in the quarter.

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