Airtel, Tata Motors, Route Mobile and other stocks to watch out for on May 18

May 18, 2021

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Bharti Airtel

The Mittal-led telco swung to profitability for the first time in 2 years, reporting a standalone net profit of ₹456 crore in the March 2021 quarter. However, average revenue per user plummeted by nearly 13 percent.

Credit: BCCL

Tata Motors

It will declare its March 2021 quarter results today. It has also undertaken block closure from May 18 to May 22 at its Jamshedpur facility.

Credit: BCCL

Route Mobile

The cloud communications platform will declare its March 2021 quarter results today.

Credit: Route Mobile

Earnings today

Tata Motors, Route Mobile, Canara Bank, Abbott India, Ujjivan Small Finance Bank, GSK Pharma, IIFL Wealth Management, Aarti Industries, Torrent Pharmaceuticals, Minda Corporation, Jindal Stainless (Hisar).

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Reliance Industries

Its subsidiary Jio Infocomm has announced the construction of India’s largest international submarine cable to meet the growing demand for data in the country.

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Apollo Tyres

It has announced the closure of Perambra plant in Kerala till May 23 due to the COVID-19 pandemic restrictions.

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HCL Technologies

It has expanded its presence in the United Kingdom by hiring 1,000 professionals to meet the needs of its clients in the UK and rest of the world.

Credit: HCL Technologies

Union Bank of India

It will raise ₹1,750 crore through qualified institutional placement (QIP) of equity shares at a floor price of ₹35.60 per share.

Credit: Union Bank of India

Orient Cement

It reported a two-time increase in its net profit to ₹100 crore in the March 2021 quarter while revenue increased by over 21 percent to ₹832 crore, year-on-year.

Credit: Orient Cement

Zuari Agro Chemicals

Its Goa fertiliser plant has been hit by the Tauktae cyclonic storm, which could potentially result in a delay in the manufacturing of ammonia and urea.

Credit: Zuari Agro Chemicals