Vodafone Idea, Bandhan Bank, RVNL, other stocks to track today
Stocks To Track Today: Domestic equity benchmarks Nifty and Sensex ended 0.9 per cent higher on Thursday amid a broad-based upmove led by financial, IT and FMCG stocks. The Sensex added 676.7 points to settle at 73,663.7 while the Nifty50 climbed to 22,403.9, up 203.3 points for the day.
Stocks To Track Today: At 7:57 am, Gift Nifty futures traded higher by 0.12 per cent or 27.65 points at 22,480, indicating a subdued to positive opening for the equity markets today. Domestic equity benchmarks Nifty and Sensex ended 0.9 per cent higher on Thursday amid a broad-based upmove led by financial, IT and FMCG stocks. The Sensex added 676.7 points to settle at 73,663.7 while the Nifty50 climbed to 22,403.9, up 203.3 points for the day.
Here are a bunch of stocks that will be in the spotlight on May 17:
Bandhan Bank, JSW Steel, RVNL, NHPC among over 100 companies due to report results on May 17
More than 100 companies are scheduled to release their earnings reports for the quarter as well as the year ended March 31 on May 17, including NHPC, JSW Steel, Bandhan Bank, Godrej Industries, JB Chemicals & Pharma, JSW Steel, LT Foods, Polyplex Corp, Shipping Corp, Sobha, Varroc Engineering, Pfizer, RVNL, Atul Auto, Balkrishna Industries, Delhivery, Dhanuka Agritech, Zydus Lifesciences, and GlaxoSmithKline Pharma.
Craftsman Automation to trade ex-dividend
While stocks such as Craftsman Automation and Advanced Enzyme Technologies are due to trade ex-dividend on May 17, Vardhman Polytex will trade ex-share split.
Biocon stages strong quarterly operational performance
Biocon has registered a consolidated net profit of Rs 223 crore for the quarter ended March. Zee Business analysts had pegged the biopharmaceutical company's March-quarter net profit at Rs 180 crore.
Its quarterly stood at 23.4 per cent, better than the analysts' estimate of 21.6 per cent.
Q4FY24 YOY CONSOL
PAT at Rs.223cr vs 415cr, -46% (Est 180cr)
Other income at Rs.49cr vs 155cr
Vodafone Idea March-quarter results largely in line with analysts' estimates
Debt-ridden telecom operator Vodafone Idea has reported a net loss of Rs 7,675 crore for the March quarter owing to a rise in interest and finance costs, and a shrinking subscriber base, as against a net loss of Rs 6,419 crore for the corresponding period a year ago.
Its quarterly revenue remained almost unchanged on a year-on-year basis at Rs 10,607 crore.
Concor Q4 profit up 10%
Container Corporation of India has logged a 9.9 per cent increase in its consolidated net profit to Rs 301.3 crore for the March quarter. Its quarterly revenue increased 6.0 per cent to Rs 2,417.87 crore.
The PSU declared a final dividend of Rs 2.5 for FY24.