Stocks To Watch: Bharti Airtel, Mankind Pharma, Power Finance Corp, Apollo Tyres, Go Digit, TBO Tek

Bharti Airtel Ltd. will be in focus on Wednesday after the telecom company reported a 28% decline in net profit, way below estimates, and announced a dividend of Rs 8 for FY24. State-owned Power Finance Corp. and drugmaker Mankind Pharma Ltd. will release their quarterly earnings.

India’s benchmark equity indices continued to gain for the third consecutive session on Monday, with shares of Reliance Industries Ltd. leading the gains. The NSE Nifty 50 closed 113.80 points, or 0.51%, up at 22,217.85, while the S&P BSE Sensex ended 328.48 points, or 0.45%, higher at 73,104.61. The Sensex reclaimed the 73,000 level after three sessions.

Overseas investors remained net sellers of Indian equities for the ninth consecutive session on Tuesday. Foreign portfolio investors offloaded stocks worth Rs 4,065.5 crore, while domestic institutional investors stayed net buyers for 16 straight sessions and mopped up equities worth Rs 3,527.9 crore, the NSE data showed.

The Indian rupee closed flat at Rs 83.51 against the US dollar.

Markets in Asia-Pacific region rose in early trade on Wednesday taking cues from overnight rally in the US stocks. Moreover, traders keenly await for release of US CPI print for April later today, which will provide fresh clues about the Federal Reserve's policy going forward.

The Nikkei 225 was trading 280.31points or 0.73% higher at 38,636.37, and the S&P ASX 200 was 41.90 points or 0.54% up at 7,768.70 as of 06:35 a.m. The KOSPI was 3.13 points or 0.11% higher at 2,730.34.

On Wall Street, share indices ended higher shrugging Producer Price Index data on Tuesday due to big-tech rally, according to Bloomberg.

The S&P 500 Index and Nasdaq Composite rose by 0.48% and 0.75%, respectively, as of Tuesday. The Dow Jones Industrial Average rose by 0.32%.

Brent crude was trading 0.34% higher at $82.72 a barrel. Gold was up by 0.09% to $2,356.10 an ounce.

The GIFT Nifty was trading 11 points or 0.05% higher at 22,383.50 as of 06:39 a.m.

Power Finance Corp., Mankind Pharma, Jindal Stainless, Dixon Technologies, Honeywell Automation, LIC Housing Finance, Redington, Jyothy Labs, NCC, Clean Sciences and Technology, Asahi India Glass, Titagarh Rail Systems, Indian Energy Exchange, Granules India, CMS Info Systems, Transport Corporation of India, Moil, Paradeep Phosphates, ICRA, Pricol, Pitti Engineering, Somany Ceramics, NLC India, Trident.

Bharti Airtel Q4 FY24 (Consolidated, QoQ)

• Revenue down 0.8% at Rs 37,599 crore vs Rs 37,899 crore, (Bloomberg estimate Rs 38,607 crore)

• Ebitda down 2.3% at Rs 19,365 crore vs Rs 19,815 crore, (Bloomberg estimate Rs 20,480 crore)

• Margin at 51.5% VS 52.3% (Bloomberg estimate 53%)

• Net profit down 28% at Rs 2,068 crore VS Rs 2,876 crore, (Bloomberg estimate Rs 3,274 crore)

• Final dividend of Rs 8 per share.

Siemens India Q2 (Consolidated, YoY)

• Revenue up 18.4% at Rs 5750 crore vs Rs 4,858 crore, (Bloomberg estimate Rs 5,566 crore)

• Ebitda up 41.4% at Rs 878 crore vs Rs 621 crore, (Bloomberg estimate Rs 697 crore)

• Margin at 15.3% vs 12.8% (Bloomberg estimate 12.5%)

• Net profit up 70.2% at Rs 803 crore vs Rs 472 crore, (Bloomberg estimate Rs 548 crore)

• Announced capex of over Rs 1,000 crore for expansion of operations.

• Approved the demerger of Energy Business into a separate listed legal entity.

• Share Entitlement Ratio fixed at 1:1.

Shree Cement Q4 FY24 (Consolidated, YoY)

• Revenue up 6.5% at Rs 5,433 crore vs Rs 5,100 crore, (Bloomberg estimate Rs 5,147 crore)

• Ebitda up 59.9% at Rs 1,422 crore vs Rs 889 crore, (Bloomberg estimate Rs 1,212 crore)

• Margin at 26.2% vs 17.4% (Bloomberg estimate 23.6%)

• Net profit up 28.7% at Rs 676 crore vs Rs 525 crore, (Bloomberg estimate Rs 592 crore)

Colgate-Palmolive India Q4 FY24 (Consolidated, YoY)

• Revenue up 10.4% at Rs 1,481 crore vs Rs 1,342 crore, (Bloomberg estimate Rs 1,468 crore)

• Ebitda up 18% at Rs 523 crore vs Rs 443 crore, (Bloomberg estimate Rs 504 crore)

• Margin at 35.3% vs 33% (Bloomberg estimate 34.3%)

• Net profit up 20.1% at Rs 380 crore vs Rs 316 crore, (Bloomberg estimate Rs 360 crore)

• Board declares 2nd interim dividend of Rs 26 per share.

• Board also declares special interim dividend of Rs 10 per share.

Oberoi Realty Q4 FY24 (Consolidated, YoY)

• Revenue up 36.8% at Rs 1,315 crore vs Rs 961 crore, (Bloomberg estimate Rs 1,301 crore)

• Ebitda at Rs 789 crore vs Rs 369 crore (Bloomberg estimate Rs 592 crore)

• Margin at 60% vs 38.3% (Bloomberg estimate 45.5%)

• Net profit up 64.1% at Rs 788 crore vs Rs 480 crore, (Bloomberg estimate Rs 461 crore)

• Board declares interim dividend of Rs 2 per share.

• Approved the equity raise of Rs 2,000 crore and debt raise of Rs 2,000 crore.

Radico Khaitan Q4 FY24 (Consolidated, YoY)

• Revenue up 15.4% at Rs 1,078 crore vs Rs 832 crore (Bloomberg estimate Rs 1,136 crore)

• Ebitda up 55.3% at Rs 123 crore vs Rs 79 crore, (Bloomberg estimate Rs 143 crore)

• Margin at 11.4% vs 9.5% (Bloomberg estimate 12.6%)

• Net profit up 26.4% at Rs 54 crore vs Rs 43 crore (Bloomberg estimate Rs 61 crore)

Apollo Tyres Q4 FY24 (Consolidated, YoY)

• Revenue up 0.2% at Rs 6,258 crore vs Rs 6,247 crore, (Bloomberg estimate Rs 6,427 crore)

• Ebitda up 3% at Rs 1,028 crore vs Rs 998 crore, (Bloomberg estimate Rs 1,133 crore)

• Ebitda Margin at 16.4% VS 16% (Bloomberg estimate 17.6%)

•  Net Profit down 14% at Rs 354 crore VS Rs 410 crore, (Bloomberg estimate Rs 457 crore)

• Recommended dividend of Rs 6 per share.

Patanjali Foods Q4 FY24 (Consolidated, YoY)

• Revenue up 4.4% at Rs 8,222 crore vs Rs 7,873 crore.

• Ebitda up 14% at Rs 371 crore vs Rs 326 crore.

• Ebitda margin at 4.5% vs 4.1% YoY.

• Net profit Down 22% at Rs 206 crore vs Rs 264 crore.

• Board declared an interim dividend of Rs 6 per share.

V-Mart Retail Q4 FY24 (Consolidated, YoY)

• Revenue at up 12.6% Rs 669 crore vs Rs 594 crore, (Bloomberg estimate Rs 669 crore)

• Ebitda up 75.6% at Rs 40 crore vs Rs 23 crore, (Bloomberg estimate Rs 48 crore)

• Margin at 6% vs 3.9% (Bloomberg estimate Rs 7.2%)

• Net loss of Rs 39 crore vs loss of Rs 37 crore. (Bloomberg estimate loss Rs 30 crore)

Bharti Hexacom Q4 FY24 (QoQ)

• Revenue up 3.7% at Rs 1,868 crore vs Rs 1,801 crore,

• EBIT up 6.1% at Rs 878 crore vs Rs 823 crore,

• EBIT margin at 47% vs 46%

• Net profit up 5% at Rs 223 crore vs Rs 213 crore.

Archean Chemical Q4 FY24 (Consolidated, YoY)

• Revenue down 25.8% at Rs 284 crore vs Rs 382 crore (Bloomberg estimate Rs 349 crore)

• Ebitda down 55.2% at Rs 87 crore vs Rs 194 crore, (Bloomberg estimate Rs 122 crore)

• Margin at 30.7% vs 50.8% (Bloomberg estimate 35.1%)

• Net profit down 57.9% at Rs 58 crore vs Rs 137 crore, (Bloomberg estimate Rs 84 crore)

Repco Home Finance Q4 (YoY)

• Net profit up 32% at Rs 108 crore vs Rs 82 crore

• Total income up 15% at Rs 397 crore vs Rs 345 crore

• MSCI May Review: MSCI Inc. has added 13 Indian stocks to its Global Standard Index under quarterly review for May.

• Mahindra & Mahindra: The company arm Mahindra Holdings sold entire 30.8% stake in New Delhi Centre for Sight for Rs 425 crore.

• Aurionpro Solutions: The Board recommended bonus issue in the ratio of 1:1.

• The New India Assurance: The company appointed Vimal Kumar Jain as CFO and Pooran Kumar Tulsiani as CIO.

• Bigbloc Construction: The company announced temporary shutdown of Umargam plant for 45-60 days.

• Go Digit General Insurance: The company will offer its shares for bidding on Wednesday. The price band is set from Rs 258 to Rs 272 per share apiece. The Rs 2,614.65 crore IPO is combination of fresh issue of Rs 1,125 crore and rest offer for sale. The company has raised Rs 1,176 crore from anchor investors.

• TBO Tek: The company's shares will debut on the stock exchanges on Wednesday at an issue price of Rs 920 apiece. The Rs 1550-crore IPO was subscribed 86.7 times on its third and final day.

• Aadhar Housing Finance: The company's shares will debut on the stock exchanges on Wednesday at an issue price of Rs 315 apiece. The Rs 3,000-crore IPO was subscribed 25.49 times on its third and final day.

• Jindal Saw: Promoter Shradha Jatia bought 18,700 equity shares on May 10.

• Moved out of short-term ASM framework: Vedanta.

• Moved into short-term ASM framework: Hindustan Zinc.

• Ex/record dividend: IRB Infrastructure Developers, Hindustan Zinc, Coforge, Aptus Value Housing Finance India.

• Ex/record Stock Split: Canara Bank.

• Ex/record right issue: Solara Active Pharma.

• Nifty May futures up by 0.5% to 22,308 at a premium of 90.15 points.

• Nifty May futures open interest down by 7.6%.

• Nifty Bank May futures up by 0.15% to 48,091.65 at a premium of 232.2 points.

• Nifty Bank May futures open interest up by 2.63%.

• Nifty Options May 16 Expiry: Maximum Call open interest at 23,000 and Maximum Put open interest at 22,000.

• Bank Nifty Options May 15 Expiry: Maximum Call Open Interest at 49,000 and Maximum Put open interest at 46,500.

• Securities in ban period: Balrampur Chini Mills, Birlasoft, Canara Bank, GMR Infra, Hindustan Copper, Vodafone Idea, Piramal Enterprise, Sail, Zee Entertainment Enterprise.