Stocks to Watch Today, May 11: Indian equities are likely to see stock-specific action on May 11 as several companies reported earnings, corporate updates, and business developments. Tata Consumer Products, Bank of Baroda, and Niva Bupa Health Insurance posted strong profit and revenue growth, while Swiggy narrowed losses.
JSW Infrastructure saw profit decline despite higher revenue. Corporate updates from Balrampur Chini Mills, CMS Info Systems, and Pidilite Industries, along with management changes in Honasa Consumer and SAIL, will also remain in focus.
Here’s the list of stocks to watch in today’s trading session:
| Stock in focus today | Why in focus |
| Tata Consumer Products | Strong Profit And Revenue Growth |
| Bank of Baroda | Profit and NII Rise Steadily |
| Swiggy | Loss Narrows, Revenue Surges |
| JSW Infrastructure | Revenue Up, Profit Declines |
| Niva Bupa Health Insurance | Profit and Premiums Jump |
| Bajaj Healthcare | Slips Into Loss |
| Balrampur Chini Mills | Raises Rs 450 Crore for Expansion |
| Honasa Consumer | Chief Business Officer Resigns |
| CMS Info Systems | Wins Rs 400 Crore HDFC Bank Order |
| Pidilite Industries | Considers Fresh Price Hike |
| Texmaco Rail and Engineering | Bags Rs 187.37 Crore Orders |
| Steel Authority of India | Ashok Kumar Panda Appointed CMD |
Strong Profit And Revenue Growth
Tata Consumer Products reported a 21.5 per cent jump in profit to Rs 419.1 crore compared to Rs 344.8 crore last year. Revenue increased 17.9 per cent to Rs 5,433.6 crore from Rs 4,608.2 crore.
Profit and NII Rise Steadily
Bank of Baroda posted an 11.3 per cent rise in profit at Rs 5,615.7 crore against Rs 5,047.7 crore a year ago. Net interest income grew 8.7 per cent to Rs 12,493.7 crore from Rs 11,494.4 crore.
Swiggy
Loss Narrows, Revenue Surges
Swiggy narrowed its loss to Rs 800 crore compared to a loss of Rs 1,081 crore last year, while revenue surged 44.7 per cent to Rs 6,383 crore from Rs 4,410 crore.
Revenue Up, Profit Declines
JSW Infrastructure reported a 17.9 per cent decline in profit to Rs 418.3 crore versus Rs 509.4 crore last year. Revenue, however, grew 18.6 per cent to Rs 1,522.3 crore from Rs 1,283.2 crore.
Niva Bupa Health Insurance
Profit and Premiums Jump
Niva Bupa Health Insurance posted a 67.5 per cent surge in profit to Rs 345.1 crore compared to Rs 206.1 crore a year ago. Gross premiums written rose 38.5 per cent to Rs 2,879.7 crore from Rs 2,078.7 crore.
Slips Into Loss
Bajaj Healthcare reported a loss of Rs 22.9 crore against a profit of Rs 11.2 crore last year. Revenue declined 0.9 per cent to Rs 153 crore from Rs 154.5 crore.
Raises Rs 450 Crore for Expansion
Balrampur Chini Mills has raised Rs 450 crore through equity funding, primarily to set up a lactogypsum processing plant and meet enhanced capex requirements for its poly lactic acid (PLA) facility in Uttar Pradesh.
Chief Business Officer Resigns
Honasa Consumer said Yatish Bhargava has resigned as the Chief Business Officer due to personal circumstances. He will cease to be part of the senior management team effective May 15.
Wins Rs 400 Crore HDFC Bank Order
CMS Info Systems announced that it has secured a Rs 400 crore contract from HDFC Bank to manage 6,000 ATMs for the private-sector lender over a period of five years.
Considers Fresh Price Hike
Pidilite Industries is considering another round of price hikes due to inflation in raw material costs arising from ongoing geopolitical tensions in West Asia, according to Managing Director Sudhanshu Vats.
Texmaco Rail and Engineering
Bags Rs 187.37 Crore Orders
Texmaco Rail and Engineering said it has secured orders worth Rs 187.37 crore from Kochi Metro Rail Limited and Vedanta Aluminium Metal Limited.
Ashok Kumar Panda Appointed CMD
Steel Authority of India said Ashok Kumar Panda has joined the company as Chairman and Managing Director with effect from May 9.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
