Market Movers: Airtel, Vedanta and More in Focus Today
Domestic markets are off to a strong start this week, with gains of nearly 4% fueled by both global and domestic factors. Investors are keeping a close eye on several companies today, with news developments and fourth-quarter results driving attention.
Companies Releasing Q4 Results
Shares of Airtel, Tata Motors, Cipla, Hero MotoCorp, and GRSE will be watched closely as they announce their fourth-quarter earnings today. These results could provide valuable insights into the companies’ performance and outlook for the coming year.
Airtel, Vedanta, and Aether Industries in the Spotlight
Airtel is in the news due to various developments, while Vedanta is exploring critical mineral assets in several Indian states, including Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh. Aether Industries, another company attracting investor attention, is expected to release its quarterly results today.
Other Notable Developments
An IndiGo flight from Delhi to Amritsar was diverted back to Delhi after a temporary blackout.
Tata Steel reported a consolidated net profit of Rs 1,201 crore for the quarter ended March 2025.
Allied Blenders and Distillers will consider raising funds through equity shares or securities on May 15.
Promoter Purnima Desai is likely to sell up to 6.77% of her equity in the company via an offer for sale (OFS) on May 13 and 14.
Antfin is expected to sell up to 4% of its stake in Paytm through block deals, with an offer size of approximately Rs 2,066 crore.
