Several Indian companies will release their quarterly results on May 13th. Keep an eye on Tata Steel, Airtel, GAIL, and Cipla, as the results of other major companies will also have an impact.
Stocks to watch today: The Indian stock market may open slightly down or flat on May 13th, 2025. Global indicators are mixed, and initial weakness is being seen in GIFT Nifty futures. At 7:30 AM, GIFT Nifty was trading at 24,933, down 111 points, indicating weakness in the market.
Potential for Market Consolidation
Analysts believe that the domestic stock market may now enter a consolidation phase. Reduced tensions between India and Pakistan, and positive signals regarding a trade deal between China and the US, supported the market in the previous session. However, investors may now adopt a cautious stance, and profit-booking is also likely to increase.
Strong Quarterly Results for Tata Steel
Tata Steel performed exceptionally well in the January-March 2025 quarter. The company's consolidated net profit increased by 112.7 percent to ₹1,300.8 crore, compared to ₹611.48 crore in the same quarter of the previous year. However, the company's total revenue from operations decreased by 4.2 percent year-on-year to ₹56,218.11 crore.
These figures reflect the company's improved operational performance, but revenue declined due to weak demand.
Keep an Eye on These Companies' Quarterly Results Today
On May 13th, Q4 results of 84 companies are to be released, including major companies:
- Tata Motors
- Bharti Airtel
- GAIL (India) Ltd.
- Cipla
- Siemens
- Hero MotoCorp
- Aditya Birla Capital
- GlaxoSmithKline Pharmaceuticals
- Max Financial Services
- Honeywell Automation
The quarterly results of these companies could directly impact their stock prices. Investors should pay special attention to them.
Important News Related to Other Companies
Gensol Engineering's MD Anmol Singh Jaggi and Director Puneet Singh Jaggi have resigned following a SEBI ban, which could negatively impact the company's stock.
Aether Industries has announced an Offer For Sale (OFS) of ₹628.54 crore at a price of ₹700 per share. This price is approximately 13 percent lower than the current market price.
Raymond's quarterly profit decreased by 40 percent to ₹137.47 crore, while Raymond Lifestyle reported a loss of ₹45 crore. Weak quarterly results may put pressure on these companies' stocks.
China's Ant Group is selling its 4 percent stake in Paytm. This deal will be worth $24.2 million, which could affect Paytm's share price.
Allied Blenders and Other Company Updates
Allied Blenders will hold a board meeting on May 15th to discuss fundraising and dividends. Meanwhile, Carborundum Universal's net profit fell by 79 percent to ₹30 crore. Happiest Minds performed better, recording a 27.9 percent year-on-year revenue growth and declaring a final dividend of ₹3.5.
General Atlantic is preparing to sell a 6.9 percent stake in KFin Technologies, with the deal size estimated at ₹1,209.5 crore.
