Maruti Suzuki, Zomato, Marico among stocks to watch out for on May 24

May 24, 2022

By: Bhakti Makwana

Maruti Suzuki

India’s largest carmaker buys a 12 percent stake in Sociograph Solutions for about ₹2 crore. SSPL is an artificial intelligence (AI) software company that specialises in visual AI platforms predominantly used to help enterprises improve sales experience and efficiency in their business.

Credit: Oil-and-Natural-Gas-Corp

Oil and Natural Gas Corp

The state-owned firm said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange. In a statement, ONGC said it will increase volumes slowly.

Credit: Oil-and-Natural-Gas-Corp

Zomato

The food delivery company’s net loss nearly tripled to ₹359 crore in Jan-Mar as against ₹134 last year.

Credit: BCCL

Marico

The FMCG major makes an entry into a new segment by buying 54 percent stake in HW Wellness Solutions, which owns healthy breakfast and snacks brand True Elements.

Credit: BCCL

Ramco Cements

The company reported a 73 percent fall in standalone net profit to ₹124 crore for the March quarter against ₹214 crore last year.

Credit: BCCL

Bharat Electronics

The net profit of the company slipped 16 percent on year in Jan-Mar quarter to ₹1,140 crore.

Credit: BCCL

Graphite India

The company's consolidated net profit surged 48 percent year on year to ₹95 crore while revenues rose 49 percent to ₹844 crore.

Credit: BCCL

IPO watch

The logistics startup Delhivery and Venus Pipes and Tubes will list on exchanges today. Meanwhile, specialty chemical maker Aether Industries’ IPO also opens today.

Credit: BCCL

Earnings today

Grasim Industries, Adani Ports, JM Financials, Bank of India, Inox Wind, Metropolis, Rail Tel, Renuka Sugars, RITES, Strides Pharma Science, Zee Media to release its quarterly earnings today.

Credit: BCCL

Rupee could slide to 82 as a strengthening dollar is nullifying RBI efforts