Tata Motors, D-Mart, Vedanta, Manappuram Finance, Adani Enterprises among top stocks to track today

Stocks to watch today: Domestic equities are expected to see a weak opening to the trade on May 15, 2023, as indicated by SGX Nifty and global cues. At 08:03 AM, the Nifty futures on the Singapore Exchange (SGX) traded 0.23 per cent lower at 18,281.5. Besides, Asian stocks started the week on a cautious note as investors braced for the release of China's industrial and retail data while awaiting a host of US Federal Reserve officials to speak to vindicate market pricing of rate cuts this year. On Friday, the US stocks ended slightly lower.

Let's take a look at the top stocks that may remain in focus today - 

Tata Motors: The auto major is expected to trade actively today. The company released its March quarter numbers last Friday, post-market hours, wherein it beat analysts' estimates on most parameters. 

Earnings today: PVR Inox, Century Plyboards, Pfizer, and Coromandel International, are some of the stocks that are slated to release their March quarter earnings later today.

DLF: The real estate developer on Friday reported a 40 per cent increase in its consolidated net profit at Rs 569.60 crore for the quarter ended March 2023 and clocked record sales bookings of Rs 15,058 crore for the entire last fiscal. Its net profit stood at Rs 405.54 crore in the fourth quarter of 2021-22 fiscal. Total income fell to Rs 1,575.70 crore in the March quarter of this fiscal year from Rs 1,652.13 crore in the corresponding period of the previous year, according to a regulatory filing.

Vedanta: Mining giant Vedanta on Friday reported a 57 per cent drop in March quarter net profit on weakness in the aluminium business and write-offs. Its consolidated net profit of Rs 3,132 crore in January-March is compared with Rs 7,261 crore net earnings in the same period a year back, according to a stock exchange filing by the company. On a sequential basis, net profit was up 1 per cent from Rs 3,092 crore in October-December.

Manappuram Finance: Manappuram Finance Manappuram Finance on Thursday reported a nearly 44 per cent increase in net profit at Rs 398.20 crore for the quarter ended March 2020, on robust interest income. The non-banking financial company (NBFC) had posted a net profit of Rs 277.39 crore during the corresponding period of the preceding fiscal.

DMart: The market veteran Radhakishan Damani-promoted company registered around 8 per cent growth year-on-year (YoY) in consolidated net profit to Rs 460 crore in the March quarter of the previous fiscal as compared to Rs 427 crore in the corresponding quarter of the fiscal year 2021-22. It reported a 21 per cent rise in its consolidated total revenue to Rs 10,594 crore against Rs 8,786 crore in the same quarter a year ago.

Two Adani group companies, Adani Enterprises and Adani Transmission, announced plans on Saturday to raise up to $2.57 billion from the market, months after a short-seller report battered investor confidence and drove share prices down.