BHEL, Tata Motors, Federal Bank, DLF, Zomato, Infosys, Airtel, JSPL, Vedanta, RVNL, and Other Stocks Are Worth Keeping an Eye on Today

Stocks to Monitor on May 14: Important earnings reports have started the week, setting the tone for the market. On May 14, 2024, investors should keep an eye out for announcements from companies such as Bharti Airtel, Siemens, Zydus Wellness, Idea Forge, Oberoi Realty, and Colgate-Palmolive.

This week, Q4 results and worldwide trends will have a significant impact on the markets. The most recent official data indicates that as the cost of some kitchen goods decreased, retail inflation in India decreased to 4.83 percent in April. The Reserve Bank has been charged by the government to maintain inflation at 4% with a 2% margin of error.

In the meantime, keep an eye on the following stocks on May 14:

Q4 Earnings Today: Siemens, Bharti Hexa, Idea Forge, Oberoi Realty, Bharti Airtel, and Colgate-Palmolive, among others

DLF Reports a 62% Increase in Profit and Is Upbeat About Real Estate

The biggest real estate business in India, DLF, has unveiled exciting new home projects with an anticipated revenue potential of Rs 36,000 crore, along with a robust 62 percent increase in net profit. This encouraging news may help the real estate market.

According to a regulatory filing, its total revenue increased to Rs 2,316.70 crore in the fourth quarter of 2023–24 from Rs 1,575.70 crore in the same time the previous year.

Penalty for Infosys

According to a regulatory filing, the Canadian government fined an IT business more than 1.34 lakh Canadian dollars (about Rs 82 lakh) for allegedly underpaying employee health tax for the year that concluded on December 31, 2020. On May 9, the Finance Ministry of Canada issued an order to Infosys.

Zomato: It Begins To Make Money in Q4

Due to increased sales, online meal delivery company Zomato Ltd. announced a consolidated net profit of Rs 175 crore for the March quarter. In the same fiscal quarter, the business reported a combined net loss of Rs 188 crore.

The total amount of income generated by operations was Rs 3,562 crore. It noted that at the same time last year, it was Rs 2,056 crore. The whole cost came to Rs 3,636 crore. According to the corporation, its overall costs for the same time last year came to Rs 2,431 crore.

Zomato’s stock fell Rs 7.7, or 3.82 percent, to Rs 193.70 on Monday.

Varun Drinks Lose Their Appeal

PepsiCo franchise partner Varun Beverages Ltd. reported a 25% increase in consolidated earnings after tax for the first quarter that ended in March 2024, totaling Rs. 547.98 crore. Varun Beverages said in a regulatory filing that the business, which reports according to a calendar year (January through December), reported consolidated profit after tax (PAT) of Rs 438.57 crore for the same quarter the previous year.

It also said that the first quarter’s combined income from operations was Rs 4,397.98 crore, up from Rs 3,952.59 crore at the same time last year. Comparing the quarter’s total costs to the same time last year, they were Rs 3,609.76 crore as opposed to Rs 3,329.7 crore.

On the BSE, Varun Beverages’ shares were up Rs 14.5, or 1%, at 1,477.80 each on Monday.

Tata Motors: It Fails to Meet Q4 Earnings Expectations

Tata Motors witnessed a sharp drop of about 9% to finish below Rs 1,000 at the previous day. On the BSE, the company ended the day at Rs 959.8 a share. The brokerage maintained its “Reduce” rating and the shares dropped after Tata Motors’ Q4 earnings fell short of street expectations. In Q4, its net profit for the period of January to March 2024 more than tripled, and on Friday, its share price increased. On the sales and EBITDA fronts, it fell short of street expectations, however.

Vedanta: It Will Talk About Dividends and Fundraising

The board of mining giant Vedanta will meet on May 16 to discuss other approaches to generating money, such as issuing equity shares or other convertible instruments. The potential declaration of a first interim dividend for the fiscal year 2024–25 will also be discussed during the meeting.

JSPL: Record Profits

The largest steel company, JSPL, reported a 100.21% increase in net profit for the fourth quarter over the previous year, coming in at Rs 933.5 crore. JSPL reported a net profit of Rs 466 crore for the same period. Revenue for the firm fell 1.5% to Rs 13,487 crore from Rs 13,692 crore in the same period of the previous fiscal year.

RVNL: It Acquires Another Agreement

The state-owned RVNL said that it had secured a Rs 239 crore contract with Southern Railway. The letter of acceptance (LoA) that RVNL obtained describes the installation of an automated block signaling system across the Jolarpettai and Erode junctions in Southern Railway’s Salem division.

Additionally, on May 14, Federal Bank and BHEL are recommended trading options for Sharekhan. Indian Hotels, Power Grid, and Federal Bank are the other three significant technical predictions made by brokerage Anand Rathi for May 14.

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