Tata Motors, Eicher Motors, Cipla, Adani Transmission, Adani Total, among top stocks that may remain in focus today

Equities are expected to open in the red on Friday, May 12, 2023. Last seen, the Nifty futures on the Singapore Exchange (SGX) traded 0.34 per cent lower at 18,287.5. Globally, most Asian share markets were subdued in the morning trade and the dollar held onto its gains from safe-haven flows, after soft economic data from the US and China magnified concerns of a global slowdown, although Japanese stocks outperformed.

Here's a look at the top stocks that may remain in focus today:

MSCI rejig: Max Health, Sona BLW, and HAL have been added to MSCI India Standard Index, while Indus Towers, Adani Transmission & Adani Total are excluded. 

South Indian Bank on Thursday reported a 22.59 per cent increase in its March quarter net profit at Rs 333.53 crore, helped by a boost from the core income. The private sector lender's net profit for the fiscal year 2022-23 came at Rs 775.31 crore, as against Rs 44.82 crore in the year-ago period.

Eicher Motors, which manufactures Royal Enfield motorcycles, reported a rise in profit by nearly 35 per cent year-on-year to Rs 746.86 crore in the March 2023 quarter, from Rs 553.38 crore reported by the company in the quarter ending March '22.  There has been a significant rise of 38 per cent in the company's net income on a Y-o-Y basis. 

Earnings today: Cipla, Tata Motors, DLF, Butterfly Gandhimathi, Colgate Palmolive (India), HAL, Dish TV, and Sapphire Foods, among a slew of companies that are slated to announce their March quarter numbers later in the day.

Deepak Nitrite Ltd on Thursday, May 11, posted a 12.5 per cent year-on-year (YoY) rise in net profit at Rs 233.9 crore for the fourth quarter that ended March 31, 2023. Total revenue stood at Rs 1,961.4 crore, up 4.8 per cent against Rs 1,872.4 crore registered in the corresponding period of the preceding fiscal, the company said in an exchange filing.

Siemens on Thursday posted a 61.9 per cent rise in its consolidated net profit from continuing operation to Rs 516 crore in the March quarter, mainly on the back of higher revenues. The company follows October to September financial year.