Stocks To Watch Today: Bharti Airtel, Infosys, JSL, Mankind, MOIL, Siemens, Colgate, Bharti Hexacom, Cipla

    Stocks To Watch Today: Bharti Airtel, Infosys, JSL, Mankind, MOIL, Siemens, Colgate, Bharti Hexacom, Cipla

    Stocks To Watch Today On May 15: The week has kicked off with key earnings reports to set the tone for the market. Investors should keep a watch on May 15, 2024, Bharti Airtel, Infosys, Tata Motors, Colgate-Palmolive, Mahindra and Mahindra, Bharti Hexa, Siemens, and Cipla, among others.

    This week, the financial markets in India will be majorly influenced by Q4 earnings and global trends. Later this month, India’s official GDP data will also be announced, which will impact stocks in the last week of May and the first week of June.

    Meanwhile, here are some stocks to watch on May 15:

    Q4 Earnings Today: Dixon, JSL, Jyothy Lab, Mankind, MOIL, NLC India, PFC, TCI, Thomas Cook and Tijaria, among others, will announce their Q4 results on Wednesday.

    Bharti Airtel

    Telecom operator Bharti Airtel has posted a 31 per cent fall in its consolidated profit to Rs 2,072 crore for the March 2024 quarter, mainly due to the devaluation of the Nigerian Naira. Its consolidated revenue of operations during January-March 2024 increased 4.4 per cent to Rs 37,599.1 crore from Rs 36,009 crore a year earlier.

    “Consolidated performance was impacted primarily by the devaluation of the Nigerian Naira. We added 7.8 million smartphone customers and delivered an industry leading ARPU of Rs 209,” Bharti Airtel Managing Director Gopal Vittal said. Airtel suffered a forex loss of Rs 2,544.4 crore on account of currency devaluation.


    Colgate-Palmolive (India) Ltd has posted a 20.1 per cent jump in profit after tax (PAT) to Rs 379.8 crore for the March 2024 quarter. Its net sales during January-March 2024 jumped to Rs 1,480.7 crore, compared with Rs 1,341.7 crore in the year-ago period.

    For the full fiscal year 2023-24, PAT grew 26.4 per cent year-on-year to Rs 1,323.7 crore from Rs 1,047.1 crore in the previous year, Colgate-Palmolive (India) said. In FY24 net sales grew 8.8 per cent to Rs 5,644.2 crore from Rs 5,187.9 crore in FY23, it added.


    Tata Motors

    Tata Motors rebounded in the previous sessions. However, analysts advice caution. Its shares, which declined as much as nearly 9 per cent on Monday, on May 14 opened in green territory in the morning trade. Soon after the stock dipped into the red territory for a brief period before finally recovering and ending the day with 0.59 per cent gain.

    However, market analyst Manas Jaiswal advises investors to exercise caution despite the rebound. He points out that the stock remains below its crucial 50-day moving average, which suggests a potential downtrend. Additionally, Jaiswal sees no clear signs of a reversal in the technical indicators.

    “While a support level exists around Rs 940, a break below this point could send the stock plummeting to Rs 910. It is recommended to wait for the price to climb above Rs 982 before considering a buy,” he added.


    Infosys has announced a multi-year strategic collaboration with First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates (UAE), to optimise and modernise FAB’s IT infrastructure services.

    Mahindra & Mahindra

    Mahindra Holdings Ltd (MHL) has announced the sale of its 30.84 per cent stake in New Delhi Centre For Sight (NDCFS) for Rs 425.4 crore to Space Investments, Defati Investments & Infinity Partners.

    According to the agreement, MHL will sell its entire 30.83 per cent stake in NDCFS for Rs 425.39 crore.


    The promoter family and Okasa Pharma might sell a 2.53 per cent stake worth Rs 2,637 crore via a block deal, according to CNBC-Awaaz citing sources. The price at which the Cipla block is expected to happen is between Rs 1,289.50-1,357.35 per share.


    Siemens has posted a whopping 70.2 per cent surge in its consolidated net profit to Rs 803 crore for the March 2024 quarter, with healthy growth in revenue as well as operating numbers. Its revenue from operations during January-March 2024 stood at Rs 5,750 crore, up 18.4 per cent over the corresponding period of the previous fiscal. It received new orders worth Rs 5,184 crore.

    Bharti Hexacom

    Bharti Hexacom has posted a 10.2 per cent rise in its net profit to Rs 222.6 crore for the March 2024 quarter, with strong operating margin performance. Its revenue from operations during January-March 2024 rose 7.8 per cent year-on-year to Rs 1,868 crore for the quarter.

    Shree Cement

    Shree Cement has recorded a 21 per cent year-on-year jumped in its net profit to Rs 662 crore for the March 2024 quarter (Q4), with robust growth in operating numbers. Its revenue from operations during January-March 2024 rose 7 per cent to Rs 5,101 crore, with sales volume rising 8 per cent to 9.53 million tonnes.

    Apollo Tyres

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  • Apollo Tyres has posted a Rs 354-crore net profit for the March 2024 quarter, which is lower by 13.7 per cent as compared with last year, impacted by an exceptional loss of Rs 36.8 crore (against an exceptional gain of Rs 22.6 crore YoY) and higher tax costs.

    Muted revenue growth also impacted the profit as revenue from operations grew by 0.2 per cent year-on-year to Rs 6,258 crore for the quarter.

    Mohammad Haris

    Haris is Deputy News Editor (Business) at He writes on various issue

    first published: May 15, 2024, 08:29 IST

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