Stocks to Watch Today, May 11: Tata Consumer, Swiggy, CMS Info Systems, ​JSW Infra, Texmaco, SAIL and others

Strong Profit And Revenue Growth

Tata Consumer Products reported a 21.5 per cent jump in profit to Rs 419.1 crore compared to Rs 344.8 crore last year. Revenue increased 17.9 per cent to Rs 5,433.6 crore from Rs 4,608.2 crore.

Profit and NII Rise Steadily

Bank of Baroda posted an 11.3 per cent rise in profit at Rs 5,615.7 crore against Rs 5,047.7 crore a year ago. Net interest income grew 8.7 per cent to Rs 12,493.7 crore from Rs 11,494.4 crore.

Swiggy

Loss Narrows, Revenue Surges

Swiggy narrowed its loss to Rs 800 crore compared to a loss of Rs 1,081 crore last year, while revenue surged 44.7 per cent to Rs 6,383 crore from Rs 4,410 crore.

Revenue Up, Profit Declines

JSW Infrastructure reported a 17.9 per cent decline in profit to Rs 418.3 crore versus Rs 509.4 crore last year. Revenue, however, grew 18.6 per cent to Rs 1,522.3 crore from Rs 1,283.2 crore.

Profit and Premiums Jump

Niva Bupa Health Insurance posted a 67.5 per cent surge in profit to Rs 345.1 crore compared to Rs 206.1 crore a year ago. Gross premiums written rose 38.5 per cent to Rs 2,879.7 crore from Rs 2,078.7 crore.

Slips Into Loss

Bajaj Healthcare reported a loss of Rs 22.9 crore against a profit of Rs 11.2 crore last year. Revenue declined 0.9 per cent to Rs 153 crore from Rs 154.5 crore.

Raises Rs 450 Crore for Expansion

Balrampur Chini Mills has raised Rs 450 crore through equity funding, primarily to set up a lactogypsum processing plant and meet enhanced capex requirements for its poly lactic acid (PLA) facility in Uttar Pradesh.

Chief Business Officer Resigns

Honasa Consumer said Yatish Bhargava has resigned as the Chief Business Officer due to personal circumstances. He will cease to be part of the senior management team effective May 15.

Wins Rs 400 Crore HDFC Bank Order

CMS Info Systems announced that it has secured a Rs 400 crore contract from HDFC Bank to manage 6,000 ATMs for the private-sector lender over a period of five years.

Considers Fresh Price Hike

Pidilite Industries is considering another round of price hikes due to inflation in raw material costs arising from ongoing geopolitical tensions in West Asia, according to Managing Director Sudhanshu Vats.

Bags Rs 187.37 Crore Orders

Texmaco Rail and Engineering said it has secured orders worth Rs 187.37 crore from Kochi Metro Rail Limited and Vedanta Aluminium Metal Limited.

Ashok Kumar Panda Appointed CMD

Steel Authority of India said Ashok Kumar Panda has joined the company as Chairman and Managing Director with effect from May 9.