Today’s Current Affairs: Stocks To Watch On May 15
The week has started with a focus on key earnings reports that will shape the market sentiment. Investors are closely monitoring companies like Bharti Airtel, Infosys, Tata Motors, Colgate-Palmolive, Mahindra and Mahindra, Bharti Hexa, Siemens, and Cipla on May 15, 2024.
The financial markets in India will be influenced by Q4 earnings and global trends this week. Additionally, India’s official GDP data is expected later this month, which will impact stocks in the coming weeks.
Some of the notable companies announcing their Q4 results today include Dixon, JSL, Jyothy Lab, Mankind, MOIL, NLC India, PFC, TCI, Thomas Cook, and Tijaria.
Question 1: What caused the 31% fall in profit for Bharti Airtel in the March 2024 quarter?
– A. Decline in subscriber base
– B. Devaluation of the Nigerian Naira
– C. Increase in operating expenses
– D. Impact of regulatory changes
Answer: B. Devaluation of the Nigerian Naira
Question 2: Which company posted a 20.1% jump in profit after tax for the March 2024 quarter?
– A. Tata Motors
– B. Infosys
– C. Colgate-Palmolive
– D. Mahindra & Mahindra
Answer: C. Colgate-Palmolive
Question 3: Who announced a multi-year strategic collaboration with First Abu Dhabi Bank?
– A. Mahindra & Mahindra
– B. Siemens
– C. Tata Motors
– D. Infosys
Answer: D. Infosys
Question 4: Which company recorded a 70.2% surge in its consolidated net profit for the March 2024 quarter?
– A. Bharti Hexacom
– B. Siemens
– C. Shree Cement
– D. Apollo Tyres
Answer: B. Siemens
What were the key earnings reports on May 15?
The key earnings reports on May 15 included Bharti Airtel, Infosys, Tata Motors, Colgate-Palmolive, Mahindra and Mahindra, Bharti Hexa, Siemens, and Cipla.
Which companies announced their Q4 results on Wednesday?
Dixon, JSL, Jyothy Lab, Mankind, MOIL, NLC India, PFC, TCI, Thomas Cook, and Tijaria announced their Q4 results on Wednesday.
What was the impact on Bharti Airtel’s consolidated profit for the March 2024 quarter?
Bharti Airtel’s consolidated profit for the March 2024 quarter fell by 31% mainly due to the devaluation of the Nigerian Naira.
What was the percentage increase in Colgate-Palmolive’s profit after tax for the March 2024 quarter?
Colgate-Palmolive’s profit after tax for the March 2024 quarter increased by 20.1%.
What caution did market analyst Manas Jaiswal advise regarding Tata Motors?
Market analyst Manas Jaiswal advised investors to exercise caution with Tata Motors as the stock remains below its crucial 50-day moving average, suggesting a potential downtrend.
What strategic collaboration did Infosys announce?
Infosys announced a multi-year strategic collaboration with First Abu Dhabi Bank (FAB) to optimize and modernize FAB’s IT infrastructure services.
What stake did Mahindra Holdings Ltd sell in New Delhi Centre For Sight?
Mahindra Holdings Ltd sold its 30.84% stake in New Delhi Centre For Sight for Rs 425.4 crore to Space Investments, Defati Investments & Infinity Partners.
What was the expected stake sale by the promoter family and Okasa Pharma in Cipla?
The promoter family and Okasa Pharma were expected to sell a 2.53% stake worth Rs 2,637 crore in Cipla via a block deal.
What surge did Siemens post in its consolidated net profit for the March 2024 quarter?
Siemens posted a 70.2% surge in its consolidated net profit to Rs 803 crore for the March 2024 quarter.
What rise did Bharti Hexacom see in its net profit for the March 2024 quarter?
Bharti Hexacom saw a 10.2% rise in its net profit to Rs 222.6 crore for the March 2024 quarter.
Today's Current Affairs brings a focus on key earnings reports that are set to impact the market on May 15, 2024. Companies like Bharti Airtel, Infosys, Tata Motors, Colgate-Palmolive, Mahindra and Mahindra, Bharti Hexa, Siemens, and Cipla will be in the spotlight. Bharti Airtel saw a 31% fall in profit due to the devaluation of the Nigerian Naira, while Colgate-Palmolive reported a 20.1% jump in profit after tax. Tata Motors rebounded in the previous sessions, but caution is advised by analysts. Infosys announced a strategic collaboration with First Abu Dhabi Bank, while Siemens saw a 70.2% surge in its consolidated net profit. Stay tuned for more updates on these companies and their impact on the financial markets in India.
