Stocks to Watch Today, May 13: Indian equities are set for stock-specific action on May 13 as markets digest a mixed batch of earnings and corporate updates. Dr Reddy’s, Tata Power and Torrent Power reported sharp profit declines, while Pfizer and Dixon Technologies showed margin pressure despite revenue resilience. Texmaco Rail posted strong profit growth.
On the corporate front, Tata Power’s nuclear plans, Maruti Suzuki’s startup push, HPCL’s lubricant deal, and key developments from PNC Infratech, RVNL and United Breweries will remain in focus.
Here’s the list of stocks to watch in today’s trading session:
Sharp profit crash amid weak demand
Dr Reddy’s Laboratories reported an 86.2 per cent fall in profit to Rs 220.1 crore and an 11.6 per cent drop in revenue to Rs 7,516.2 crore, reflecting heavy earnings pressure.
Revenue slump drags earnings lower
Tata Power Company posted a 4.5 per cent decline in profit to Rs 995.9 crore with revenue falling 12.8 per cent to Rs 14,900.2 crore, indicating softer business performance.
Steep profit decline despite stable revenue
Torrent Power saw profit plunge 70 per cent to Rs 318.2 crore while revenue stayed largely flat, slipping just 0.8 per cent to Rs 6,406.1 crore.
Revenue growth fails to lift profits
Pfizer reported a 39.6 per cent drop in profit to Rs 199.8 crore despite a 6.3 per cent rise in revenue to Rs 629.2 crore, signaling margin pressure.
Higher revenue, weaker profitability
Dixon Technologies posted a 36 per cent fall in profit to Rs 256.4 crore even as revenue rose 2.1 per cent to Rs 10,510.5 crore, indicating margin compression.
Texmaco Rail & Engineering
Profit surges on strong cost control
Texmaco Rail & Engineering delivered a 45 per cent jump in profit to Rs 57.7 crore despite a 13.3 per cent decline in revenue, reflecting improved operational efficiency.
Corporate Update
Tata Power
Exploring nuclear energy expansion
Tata Power Company is in discussions with three states for nuclear power projects and is currently conducting feasibility studies, with a detailed project report expected in six months.
Boosting innovation via startup collaboration
Maruti Suzuki India has selected six startups under its 10th accelerator cohort to co-develop new-age technology-based business solutions.
HPCL
Partnership for lubricant expansion
Hindustan Petroleum Corporation Limited has signed an agreement with LANXESS to market aviation and industrial lubricants across India and the SAARC region.
Wins Rs 235 crore settlement under Vivad scheme
PNC Infratech has executed a settlement agreement with NHAI worth Rs 234.99 crore under the government’s Vivad Se Vishwas II scheme.
New zinc wire manufacturing venture
Hindustan Zinc has partnered with Group Nirmal to establish a zinc wire manufacturing unit in Rajasthan, strengthening downstream expansion.
Emerges L1 bidder for Rs 221 crore project
Rail Vikas Nigam Limited has emerged as the lowest bidder for EPC railway work worth Rs 221.3 crore from South East Central Railway.
Tax dispute fully resolved
United Breweries said a Rs 275 crore tax demand has been reduced to nil by the Maharashtra Sales Tax Tribunal, removing a major liability.
(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.)
