Airtel, L&T, Adani Green Energy and other stocks to watch out for on May 17

May 17, 2021

By: Rounak Jain

Credit: BCCL

Bharti Airtel

The Sunil Mittal-led telco will declare its March 2021 quarter results today.

Credit: BCCL

Larsen & Toubro

It reported a marginal increase in consolidated net profit at ₹3,293 crore in the March 2021 quarter, compared to ₹3,197 crore a year ago. Revenue jumped over 8.7 percent to ₹48,088 crore.

Credit: Larsen & Toubro

Adani Green Energy

It is in talks to acquire SoftBank-backed SB Energy in a deal which values the company at $650 million.

Credit: Adani Green Energy

Earnings today

Bharti Airtel, Colgate Palmolive, Gland Pharma, Sun Pharma Advanced Research Company, Orient Cement, Indo Count Industries, Wabco India, Aarti Industries.

Credit: Pixabay

Cipla

It reported a 72 percent increase in its net profit to ₹412 crore in the March 2021 quarter, while revenue jumped by 5 percent to ₹4,606 crore, year-on-year.

Credit: Cipla

Hero MotoCorp

It will restart manufacturing at its Gurugram, Dharuhera and Haridwar plants after announcing a staggered shutdown on April 22.

Credit: Hero MotoCorp

Punjab National Bank

It has closed its qualified institutional placement at a price of ₹33.75 per share, which is at a discount of ₹4.96 percent compared to its floor price.

Credit: BCCL

Tasty Bite

It reported a 63 percent increase in its net profit in the March 2021 quarter at ₹14 crore, while revenue rose marginally to ₹122 crore from ₹115 crore, year-on-year.

Credit: Tasty Bite

Aarti Drugs

Its March 2021 quarter net profit fell 12 percent to ₹52 crore, while revenue increased by 64 percent to ₹105 crore, year-on-year.

Credit: Aarti Drugs

Anupam Rasayan

It will buy 12.5MW capacity solar power from KPI Global Infrastructure for ₹43 crore.

Credit: Anupam Rasayan

Airtel, Sun Pharma, Dr. Reddy’s and other stocks to watch out for on May 12