Here are the top stocks in focus making headlines before the opening bell today, May 14, 2024:
- Shriram Finance: The board has approved the sale of its housing finance subsidiary, Shriram Housing Finance, to global investor Warburg Pincus for Rs 4,630 crore.
- DLF: The real estate major reported a 61.5% year-on-year growth in consolidated net profit for the quarter ended March FY24, with strong revenue and operating numbers.
- Jindal Steel & Power: Despite a lower topline, the company recorded a consolidated net profit growth of 100.5% for the March FY24 quarter, aided by boosted operating margins.
- Sanofi India: The pharma company’s standalone net profit for the first quarter of calendar year 2024 fell by 28.3%, impacted by an exceptional loss and lower revenue from operations.
- Cochin Shipyard: The company secured a large order from a European client for the design and construction of a hybrid service operation vessel (Hybrid SOV), expected to be completed by the end of 2026.
- Rail Vikas Nigam: Received a Letter of Acceptance from Southern Railway for provision of automatic block signaling system, worth Rs 239.1 crore.
- Hero MotoCorp: Joined the ONDC Network, becoming the first auto company in the country to do so.
- JBM Auto: Recorded a consolidated net profit growth of 99% for the January-March FY24 quarter, with strong revenue and operating numbers.
- Welspun Corp: Chief Human Resource Officer, Priyaranjan Kumar, resigned due to personal reasons, with Bindu Nambiar appointed as Head HR.
- Vedanta: The board will consider raising funds via issue of equity shares or any other securities convertible into equity shares on May 16.
- Chalet Hotels: Recorded a consolidated net profit growth of 125% for the quarter ended March FY24, with Milind Wadekar stepping down as Chief Financial Officer.
- BLS E-Services: Registered a consolidated net profit of Rs 10.3 crore for March FY24 quarter, falling 58.55% compared to the year-ago period.
- Nelcast: Reported a consolidated net profit of Rs 5.07 crore for March FY24 quarter, rising 13% over the corresponding period of the previous fiscal.
- Anant Raj Industries: Axis Mutual Fund A/C Axis Small Cap Fund acquired equity shares of the company via open market transactions.
- Smartlink Holdings: Samvitti Capital Alpha Fund purchased equity shares in the company.
- Great Eastern Shipping Company: Nalanda India Equity Fund sold equity shares in the company, while Ghisallo Master Fund LP acquired shares.
- SG Mart: Ohana India Growth Fund bought equity shares in the company.
- Finelistings Technologies: Will list its equity shares on the BSE SME on May 14 at an issue price of Rs 123 per share.
- Winsol Engineers: Commenced trading in equity shares on the NSE Emerge, with an issue price of Rs 75 per share.
- Refractory Shapes: Will debut on the NSE Emerge on May 14 at an issue price of Rs 31 per share.
