Stock To Watch On May 16: Domestic markets witnessed a strong volatile session on Wednesday despite favorable global sentiments. In today’s trade, M&M, Vodafone Idea, Biocon, Mankind Pharma, Dixon Tech will be in focus due to various developments and quarterly earnings.
Earnings in Focus: Mahindra and Mahindra, GAIL (India), Vodafone Idea, Biocon, Container Corporation of India, Crompton Greaves Consumer Electricals, Endurance Technologies, Hindustan Aeronautics, Infibeam Avenues, Krishna Institute of Medical Sciences, Info Edge (India), Texmaco Rail & Engineering, Triveni Turbine, and Wonderla Holidays will release quarterly earnings on May 16.
Dixon Tech: The company’s Q4 profit surged 24.7 per cent to Rs 98.5 crore. Its revenue climbed 52 per cent to Rs 4,658 crore. Ebitda rose 17.3 per cent to Rs 183 crore. However, the margin declined to 4 per cent.
LIC Housing Finance: The company net profit dropped 7.6 per cent to Rs 1,090.8 crore, from Rs 1,180 crore year-on-year (Y-o-Y). However, its net interest income (NII) rose 12.4 per cent to Rs 2,237.6 crore compared to Rs 1,990.3 crore in the previous year.
Quick Heal: The cybersecurity firm has partnered with Europe-based EET Group to enhance its cybersecurity offerings.
Goa Carbon: The company reported its Q4 earnings, revealing a 77.4 per cent increase in net profit to Rs 9.4 crore compared to Rs 5.3 crore in the previous year. Despite a 43.5 per cent decline in revenue to Rs 178.5 crore from Rs 316 crore, Ebitda decreased 10.3 per cent to Rs 13.9 crore from Rs 15.5 crore. Consequently, the margin increased to 7.8 per cent from 4.9 per cent year-on-year.
CMS Info Systems: The company’s Q4 profit jumped 14.3 per cent to Rs 91.4 crore compared to Rs 80 crore in the previous year. Revenue surged 25.1 per cent to Rs 627 crore from Rs 501 crore, while Ebitda witnessed an 8.6 per cent uptick to Rs 155.7 crore from Rs 143.4 crore. However, the margin decreased from 28.6 per cent to 24.8 per cent year-on-year.
Mankind Pharma: Mankind Pharma reported a consolidated net profit of Rs 477 crore for the quarter ended March 2024, which was up by 62% year-on-year.
Asian Paints: Asian Paints has clarified on the CEO’s comments on GDP and Paint Industry’s correlation.
Titagarh Rail Systems: Titagarh Rail Systems posted net profit of Rs 79 crore in the March quarter. Revenue from operations came in at Rs 1,052 crore.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
