RIL, Adani Ports, Vi, Biocon, CONCOR among nine stocks to track on May 17 | News on Markets

BSE, NSE, Sensex, Nifty, stock markets


Stocks to watch on May 17: Benchmark indices Sensex, Nifty50 could open with slight gains on Friday, as indicated by GIFT Nifty futures. 


At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges.


Equities on Wall Street experienced a downturn amid a mixed bag of economic data. The weekly jobless claims decreased by 10,000 to 222,000, but continuing claims saw an increase of 13,000 to 1.794 million. Additionally, single-family housing starts dipped by 0.4 per cent in April, while import prices surged 0.9 per cent. March data was also revised higher, but manufacturing production witnessed a 0.3 per cent decline.


Back home, foreign Institutional Investors (FIIs) reduced their selling activities slightly. On May 16, FIIs recorded a net selling of Rs 776.49 crore in equities. Conversely, Domestic Institutional Investors (DIIs) made net purchases of Rs 2,127.81 crore.


Meanwhile, here are the key stocks to keep an eye on for May 17

Reliance Industries (RIL): Reliance Industries’ arm, Reliance Retail, has inked a pact with ASOS, a UK-based online fashion retailer, to boost its presence in India’s retail market. This exclusive agreement across online and offline channels highlights Reliance’s commitment to offering diverse retail experiences to Indian consumers.


Adani Ports: The company was excluded from Norway’s Government Pension Fund due to concerns over human rights violations. 


Vodafone Idea (Vi): Vodafone Idea’s Q4 results show a widened loss, albeit with a marginal increase in revenue. Loss widened to Rs 7,674.6 crore, from a loss of Rs 6,986 crore in previous quarter of the same fiscal year (Q3FY24). Revenue surged marginally to Rs 10,606.8 crore. Its earnings before interest, taxes, depreciation, and amortisation (Ebitda), meanwhile, fell 0.3 per cent to Rs 4,336 crore while margin rose 10 basis points to 40.9 per cent.


Biocon: The pharmaceutical company’s consolidated net profit fell 56 per cent to Rs 135.5 crore for the March quarter of FY24 (Q4FY24), from Rs 313.2 crore in the same quarter a year ago (Q4FY23). Its revenue surged 3 per cent to Rs 3,917 crore, as opposed to Rs 3,774 crore in the same period last year. It Ebitda fell 8 percent on a year-on-year basis (Y-o-Y) to Rs 916 crore. Meanwhile, margin stood at 23.4 per cent in Q4FY24, from 26.4 per cent in Q4FY23.


CONCOR: The state-owned company’s profit climbed 13.5 per cent on a Y-o-Y basis toRs 317 crore, from Rs 279 crore in Q4FY23. The company’s revenue soared 6.5 per cent to Rs 2,325 crore during the same period. Ebitda rose 11.4 per cent to Rs 498 crore. Consequently, margin expanded 90 basis points to 21.4 per cent.


Crompton Greaves: The company’s net profit jumped 5.5 per cent to Rs 138.4 crore compared to Rs 131 crore year-on-year. Revenue showed a positive growth trajectory, rising 9.5 per cent to Rs 1,961 crore from Rs 1,791 crore in the previous year. However, Ebitda witnessed slight decline, down 4 per cent to Rs 203.6 crore compared to Rs 211.8 crore year-on-year, resulting in a margin of 10.4 per cent versus 11.8 per cent in the corresponding period last year.


PBFintech: The company’s promoters will sell up to 1.86 per cent equity via block deals. The funds will be used for tax payment and future ESOP exercises, it said. 


JK Paper: The paper manufacturer’s profit dipped 1.7 per cent to Rs 275.6 crore compared to Rs 280 crore in the previous year. Revenue remained stagnant at Rs 1,719 crore year-on-year. However, Ebitda witnessed a significant decline, plummeting by 26 per cent to Rs 358 crore from Rs 483 crore in the corresponding period last year, resulting in a margin of 20.8 per cent compared to 28.1 per cent year-on-year.


Triveni Turbine: The company’s profit rose  36.2 per cent to Rs 75.6 crore, as compared to Rs 55.5 crore year-on-year. Revenue grew 24 per cent to Rs 458.1 crore from Rs 369.8 crore in the previous year. Moreover, Ebitda soared 35.3 per cent to Rs 89.8 crore compared to Rs 66.4 crore year-on-year, resulting in an improved margin of 19.6 per cent as opposed to 18 per cent in the corresponding period last year.

First Published: May 17 2024 | 7:17 AM IST

Source link

Visited 1 times, 1 visit(s) today

Related Article

Is Taiwan Semiconductor Stock Going to $500?

Taiwan Semiconductor Manufacturing (TSM 4.37%), popularly known as TSMC, is a key player in the global artificial intelligence (AI) infrastructure ecosystem, manufacturing chips for all the major companies that design AI chips. This explains why TSMC stock has delivered healthy gains of 104% to investors over the past year, significantly outperforming the S&P 500‘s 15%

Get ready for stock market volatility…

Image source: Getty Images The stock market’s never dull, but it feels especially volatile at the moment. A rapidly-evolving situation in the Middle East means share prices are moving even more violently than usual. Sharp declines caused by temporary concerns can be buying opportunities and there are a couple of things investors can do to

6 Reasons Stocks Are Primed to Rally After Weeks of Chaos: Jefferies

Investors can’t seem to catch a break in 2026, but Jefferies says the pain should soon be over and that stocks are poised to surge. Major stock indexes fell on Friday after data from the Bureau of Labor Statistics showed the US economy lost 92,000 jobs in February, well off economists’ expectations for a gain

1 S&P 500 ETF to Buy With $1,000 and Hold Forever

Investors are making the right choice by putting money to work in the stock market. Over long periods of time, it has proven itself to be a great tool at building wealth. There’s no index that’s more closely watched than the S&P 500. Luckily, investors can choose from many exchange-traded funds (ETFs) when figuring out

Get ready for a violent stock market crash, says this billionaire investor!

Image source: Getty Images The stock market has been chugging along nicely over the last few years, with both the S&P 500 and FTSE 100 hitting record highs. But with valuations getting stretched and geopolitical tensions rising, fears of a new incoming crash are starting to spread. And just last month, billionaire investor Ray Dalio

They’re Simpler Than You Think

Putting together a proper strategic plan to battle the forces which many expect will impact markets on a given year is easier said than done. Indeed, we’re not even three months through this year, and we’ve already seen three major conflicts initiated by the Trump administration in foreign countries, something that hasn’t been seen in

With Israel’s arms industry, the Tel Aviv Stock Exchange is soaring

The booth of Israeli company Elbit Systems at the Paris Air Show at Le Bourget airport, June 16, 2025. BENOIT TESSIER / REUTERS On Wednesday, March 4, the defense company Elbit Systems became the highest-valued company listed on the Tel Aviv Stock Exchange following a further 5% surge in its share price. Its market capitalization

Is Grab Holdings (GRAB) A Bargain After Recent Share Price Slide?

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St’s investing ideas for FREE. If you have been wondering whether Grab Holdings at around US$3.98 is a bargain or a value trap, you are not alone. This article is designed to help you frame that question clearly. The stock is

How The BHP Group (ASX:BHP) Narrative Is Shifting With New Targets And Project Updates

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. BHP Group now carries an updated fair value estimate of A$51.98, compared with A$51.72 previously, refining how analysts are recalibrating their price targets. Across London, Australia and the U.S., recent target moves in US$ and

Market Turbulence Ahead? Take Shelter With 2 Handpicked TSX Stocks

Source: Getty Images Written by Karen Thomas, MSc, CFA at The Motley Fool Canada A stock market crash is a sudden and dramatic drop in the value of stocks. Throughout the history of stock markets, there have been quite a few stock market crashes. This is the nature of stock markets and is to be

Robinhood supports Trump accounts for every newborn, CEO says

Robinhood (HOOD) wants to capture the next generation of investors before they can crawl. Speaking directly to President Trump at a White House summit regarding the “Trump Accounts” Initiative, Robinhood CEO Vladimir Tenev said the trading platform is “ready to support the program.” The company possesses the “resources and people that can do whatever is

Why Newmont Stock Dropped Over 10% This Week

Barely a week after posting record numbers for 2025, shares of Newmont (NYSE: NEM) are getting punished. The gold stock plunged this week, dropping 13% at its lowest point in trading through 11 a.m. ET Friday. You’d expect the price of gold, a “safe haven” asset, to rise amid the ongoing conflict in the Middle

Marvell Technology upgraded to ‘Buy’ by Bank of America as shares surge on Q4 report

Marvell Technology upgraded to ‘Buy’ by Bank of America as shares surge on Q4 report Proactive uses images sourced from Shutterstock Marvell Technology Group Ltd. (NASDAQ:MRVL) has been upgraded to a ‘Buy’ rating by Bank of America analysts following the company’s fourth quarter earnings report, as investors reacted positively to the company’s outlook and growth

Will Target Stock Soar in 2026?

Don’t call it a comeback yet, but shares of Target (NYSE: TGT) are up 25% so far this year. There’s a bit of optimism surrounding the Minnesota-based retailer after prolonged backlash and declining sales. Is Target actually turning around, and will the stock continue to soar in 2026? Target’s fourth quarter 2025 net sales were

Top Stock Picks Jefferies Says Are in the ‘Discount Bin’ After AI Fears

Jefferies says the AI fear trade has pushed a handful of solid stock picks into the “discount bin.” Stocks in a range of industries have been hit by worries about tech-fueled disruptions to businesses and the economy. Jefferies, like many top Wall Street firms, says that while AI will disrupt some parts of the economy,

0
Would love your thoughts, please comment.x
()
x