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Stocks in Focus: Zomato, Cochin Shipyard, Rail Vikas Nigam, and Others

The mid-cap and small-cap indices performed well with respective rises of 0.8% and 1.1%.

The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.21% higher by 46.50 points at 22,213, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday.  

On Monday, 13 May, Domestic benchmark indices S&P BSE Sensex gained 111.67 points, or 0.15%, to end at 72,776.14 while the Nifty50 traded 48.85 or 0.22% higher, and settled at 22,104.05.

Here are some stocks that are likely to remain in focus on 14 May.

Quarterly Results Today: Bharti Airtel, Siemens, Shree Cement, Colgate Palmolive (India), Oberoi Realty, AIA Engineering, Apollo Tyres, Apar Industries, Radico Khaitan, Devyani International, Shyam Metalics and Energy, PVR Inox, Bajaj Electricals, Zydus Wellness, Safari Industries India, Archean Chemical Industries, Jubilant Ingrevia, VMART Retail, Thyrocare Technologies, Sagar Cements, Repco Home Finance, Patanjali Foods BASF India, BLS International, Kirloskar Brothers are some of the prominent companies that are set to release their quarterly earnings for January-March.

Zomato: The food delivery giant reported a net profit of Rs 175 crore for the quarter ended 31 March. Revenue from operations during the quarter stood at Rs 3,562 crore, marking a 73% year-on-year increase from Rs 2,056 crore reported in the same quarter last year.

Cochin Shipyard: The company has secured a substantial order from a European client for hybrid service operation vessels. The order is worth Rs 500-1,000 crore and must be executed by the end of 2026.

Rail Vikas Nigam: The company announced securing a contract worth Rs 239 crore from Southern Railway for implementing automatic block signalling system between the Jolarpettai and Erode junctions within the Salem division of Southern Railway.

Shriram Finance: The board of directors of the company have given an approval to sell its housing finance subsidiary to Warburg Pincus for an estimated value of Rs 4,630 crore. 

DLF: India’s largest real estate firm reported a 62% YoY increase in net profit for Q4FY24 at Rs 920.71 crore compared to R 570.01 crore in the same period last year.

UPL: In its quarterly report for January-March, the agrochemical major reported a significant 95% decline in net profit to Rs 40 crore from Rs 792 crore reported in the same quarter last year. 

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