Stocks in News Today

5paisa Research Team 15th May 2024 - 10:53 am

Our analysts at 5paisa scan through the financial markets and select the few trending stocks which were in the news and in the limelight for the day. Here is the list of a few trending stocks with their latest News and Updates.

Trending Stocks Today: 15-May-2024

1. Bharti Airtel

Due to an extraordinary loss of ₹ 2,455.5 crore (versus nil in Q4 FY23), the nation's second-largest telecom operator reported a 31.1 percent year-over-year fall in consolidated net profit at ₹ 2,072 crore for the quarter ended March FY24. The devaluation of African currencies had an influence on revenue from operations, which increased by 4.4% annually to ₹ 37,599 crore. Over the same time of the previous fiscal year, consolidated EBITDA climbed by 4.2 percent to ₹ 19,590 crore. The margin decreased by 12 basis points year over year to 52.1 percent. During the quarter, the average revenue per user (ARPU) was ₹ 209, up from ₹ 193 during the same period last year.

2. Mahindra and Mahindra

A Share Purchase Agreement has been entered by Mahindra Holdings (MHL), a wholly-owned subsidiary of the business, with Space Investments, Defati Investments Holdings BV and Infinity Partners, as well as New Delhi Centre for Sight (NDCFS) and its promoters. In accordance with the deal, MHL would receive ₹ 425.39 crore for selling its whole 30.83 percent ownership in NDCFS.

3. Colgate Palmolive (India)

Colgate robust growth in both topline and operating metrics, the oral care company reported a net profit of ₹ 379.8 crore for the March FY24 quarter, up 20.1 percent from the same time in the previous fiscal year. The operating revenue climbed to ₹ 1,490 crore, a 10.3% annual increase. A one-time special dividend of ₹ 10 per share and an interim dividend of ₹ 26 per share have also been declared by the board.

How do you rate this article?

Characters remaining (1500)

View All

5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

Get 100 trades FREE* with the code "FREEPACK"

+91

By Proceeding, you agree T&C*

Mobile No. belongs to

Discover more of what matters to you.

Commodities Global Market IPOs Indian Market Mutual Funds Corporate Act... Currencies Budget