Wipro, SBI, Vodafone Idea among stocks to watch out for on May 11

May 11, 2022

By: Bhakti Makwana

Wipro

The IT firm has extended its strategic agreement with Crédit Agricole CIB, the corporate and investment bank division of the French financial services group to fuel its next stage of growth.

Credit: BCCL

Vodafone Idea

The telecom operator has narrowed its net losses to ₹6,563 crore from ₹7,022 crore in the last year period supported by tariff hikes.

Credit: BCCL

State Bank of India

The bank’s board of directors has approved fund raising of up to $2 billion in FY23.

Credit: BCCL

Cipla

The pharmaceutical company reported a 12 percent year-on-year fall in consolidated profit at ₹362 crore in the March quarter from ₹413 crore last year.

Credit: BCCL

Torrent Power

The company has reported a consolidated loss of ₹487 crore in the March quarter as against a profit of ₹398 crore last year.

Credit: BCCL

Gujarat Gas

The company’’s consolidated profit grew 28 percent at ₹444 crore in the quarter ended March 2022.

Credit: BCCL

Jammu & Kashmir Bank

The CBI has carried out searches at eight locations across Jammu and Kashmir, Mumbai, Delhi and even residence of former bank chairman Haseeb Drabu in connection with the bank buying a 65,000 square feet office space in Mumbai in 2010.

Credit: BCCL

IPO Watch

Delhivery, and Venus Pipes have launched their IPOs for subscription from today and will close on May 13.

Credit: BCCL

Earnings results today

Adani Ports and Special Economic Zone, Punjab National Bank, Birla Corporation, JSW Ispat Special Products, Kalyan Jewellers India, Relaxo Footwears, Sagar Cements, Cholamandalam Financial Holdings, among others.

Credit: BCCL

Ambani and Adani valuations surge while Tatas, Birlas see major declines in the first half of 2022