Stocks to watch: Adani Enterprises, Adani Transmission, DLF, Vedanta, HPCL, Canara Bank

Stocks to watch: The SGX Nifty indicated that domestic benchmark indices NSE Nifty and BSE Sensex could open negative as Nifty futures traded 67.5 points lower at 18,256.5 on the Singapore exchange. Nifty and Sensex closed Friday’s session flat. Nifty closed just above the 18,300 mark, up 0.09%, while Sensex regained the 62,000 mark to close.

“A slew of weak economic data from the US and China, pointing to slower economic growth, disrupted the mood in the Asian market. The risk of a US recession escalated as US jobless claims rose to their highest level since October 2021, while producer prices rose at a modest pace. As a result, US Treasury yields reacted, suggesting that interest rate hikes by central banks may be halted. The domestic market recovered in the second half as investors waited at home for the release of Indian inflation data expected to cool below 5%,” said Vinod Nair, Head of Research, Geojit Financial Services.

Stocks to watch on May 15, 2023

Adani Enterprises, Adani Transmission

The board of directors of the Adani Group’s flagship holding company, Adani Enterprises, and Adani Transmission approved plans to raise funds through a share sale on Saturday. Adani Enterprises is set to raise up to Rs 12,500 crore while Adani Transmission is set to raise up to Rs 8,500 crore.

Avenue supermarkets

Avenue Supermarts, owner and operator of the retail chain DMart, reported a 7.81% increase in its consolidated net profit at Rs 460.10 crore for Q4FY23.


Hindustan Petroleum Corporation reported a 79% increase in net profit at Rs 3,608.32 crore on a consolidated basis. The company had reported a profit of Rs 2,018.45 crore in the same quarter last financial year.

Cana Bank

The Reserve Bank of India (RBI) imposed a fine of Rs 2.92 crore on Canara Bank for breaching several standards. The central bank conducted an investigation into Canara Bank in July 2020 and found that the bank had not pegged interest rates on floating rate private loans and MSME loans to an external benchmark.


Vedanta reported a 57% drop in net profit for the March quarter due to weakness in the aluminum business and write-offs. Consolidated net profit was Rs 3,132 crore in Q4FY23 compared to Rs 7,261 crore net profit in Q4FY22.


DLF posted fiscal profit in the fourth quarter of Rs 569.60 crore, up 40.5% from Rs 405.54 crore in the corresponding quarter last year.

Leave a Reply

Your email address will not be published. Required fields are marked *