13-05-2025
Stocks to watch on May 13: Tata Steel, Hero MotoCorp, Airtel, Tata Motors
Several key companies will be in focus as investors keep an eye on their performance on May 13. A ceasefire agreement between India and Pakistan gave a boost to investor confidence on Monday, leading to a sharp rise on Dalal global cues also supported the markets as Sensex posted its best rally in a year, surging over 3,000 all eyes are on whether the Sensex and Nifty will be able to extend this rally as early Gift Nifty readings suggest Dalal Street may open lower. TATA STEELTata Steel reported a strong rise in its profit for the quarter. Its net profit increased by 116.5% to Rs 1,200.9 crore, compared to Rs 554.6 crore in the same quarter last year. However, the company's revenue fell 4.2% to Rs 56,218.1 crore from Rs 58,687.3 Steel also reported an exceptional loss of Rs 388.6 crore, lower than the Rs 594.5 crore loss in the previous period. Its tax expense dropped to Rs 998.81 crore from Rs 1,254.31 crore. Other income saw a big rise, going up to Rs 461 crore from Rs 175.9 crore. The board has recommended a final dividend of Rs 3.60 per TO ANNOUNCE EARNINGS ON MAY 13Several well-known companies are expected to announce their quarterly earnings on May 13. These include Tata Motors, Hero MotoCorp, Bharti Airtel, Siemens, Bharti Hexacom, Cipla, GAIL IndiaTheir results will help investors understand how these companies have performed and what to expect going INDUSTRIESAccording to reports, promoter Purnima Desai is expected to sell up to 6.77% of her equity in Aether Industries through an offer for sale (OFS) on May 13 and OSWAL FINANCIAL SERVICESCitigroup Global Markets Mauritius has bought 2.03 lakh shares of Motilal Oswal Financial Services. The shares were purchased at an average price of Rs 679.5 each from Morgan Stanley Asia Singapore COMMUNICATIONS (PAYTM)Antfin, which is linked to the Chinese company Alibaba Group, is expected to sell up to a 4% stake in One97 Communications (Paytm) through block deals. According to a report by CNBC-TV18, the deal is likely to be worth Rs 2,066 crore, and the floor price is set at Rs 809.75 per TECHNOLOGIESGeneral Atlantic Singapore Fund Pte is likely to sell a 6.9% stake in Kfin Technologies. This amounts to about 1.18 crore shares. As per sources, the deal could be worth Rs 1,209.5 crore with a floor price of Rs 1,025 per SHIPYARDCochin Shipyard has entered into a partnership with Drydocks World, a company under DP World. This collaboration aims to improve ship repair and offshore building work in ENGINEERINGGensol Engineering announced that two key people have resigned from their posts. Anmol Singh Jaggi has stepped down as Managing Director, and Puneet Singh Jaggi has resigned from the role of Whole-time Director. Both changes are effective from May 12.
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