Stocks to watch- Siemens: Siemens reported a 70% rise in its | Neeraj Joshi

Stocks to watch-

Siemens: Siemens reported a 70% rise in its net profit for Q4FY24 to ₹803 crore, up from ₹471 crore reported in the same period a year ago. Revenue from operations for the company also rose 18.4% to 5,750 crore from a year ago. The company's board also approved the demerger of its energy business into a separate legal entity, Siemens Energy India Limited. The new entity will later be listed on the BSE and NSE, the company said in a regulatory filing.

Bharti Airtel: The telecom major experienced a significant impact due to Nigeria's currency devaluation, leading to a foreign exchange loss of 2,544 crore from its African subsidiary. This resulted in a 31% decrease in its Q4 consolidated profit to ₹2,071.6 crore, despite a 4.4% growth in consolidated revenue to ₹37,599 crore. The company reported derivative and forex losses of $770 million in FY24 due to the Nigerian policy changes. However, excluding its African operations, the company saw improved financials for the March quarter, adding nearly 8 million new subscribers and reducing customer churn.

Cipla: Four promoter group entities are planning to sell around 2.53% stake in pharma major Cipla through block deals. The price range of the block is fixed at 1,289-1,357, taking the total deal value to around 2,637 crore, according to reports.

Mankind Pharma: The company is reportedly planning to acquire Bharat Serum & Vaccines from Private Equity player Advent. Advent currently owns a 100% stake in Bharat Serum & Vaccines and is seeking a valuation of $2 billion for its complete stake.

Patanjali Foods: The FMCG company reported a 22% drop in standalone net profit at 206.32 crore for Q4FY24, compared to ₹263.71 crore in the same period last year. However, the company's revenue from operations rose 4% to 8,221 crore. The company's food & FMCG segment achieved its highest-ever quarterly revenue of ₹2,704.61 crore in the March quarter, recording a sequential growth of 8.24%.

PVR Inox: The multiplex chain operator reported a consolidated net loss of ₹130 crore in Q4FY24, down from 333 crore reported in the year-ago period. The company's revenue from operations in Q4FY24 rose 10% YoY to ₹1,256 crore from 1,143 crore.

Colgate Palmolive India: The company reported a 20.1% YoY increase in net profit at 379.8 crore for Q4FY24. The company's revenue from operations increased 10.3% to ₹1,490 crore against 1,350.6 crore in the corresponding period of the preceding fiscal.

BASF India: The chemicals maker reported a Q4 profit that nearly doubled to 162 crore, helped by strong demand for its materials and agriculture solution businesses. Revenue from operations rose 2.5% to ₹3,360 crore. The company also declared a dividend of 15 per share for FY24.

Oberoi Realty: The company reported a 64% YoY increase in net profit at ₹788 crore for Q4FY24. Total income for the period grew 56% to 1,558 crore. For FY24, the company's net profit rose to 1,925 crore, while total income increased to ₹4,818 crore. The company's board has passed enabling resolutions for an issue of non-convertible debentures (NCDs) and Qualified Institutional Placement of equity shares totalling up to 4,000 crore. It has also declared a third interim dividend of 2 per equity share for Q4FY24 and recommended a final dividend of 2 per equity share for FY24.