Stocks to watch: Bharti Airtel, Federal Bank, Subex, Gland Pharma, Adani Green, Larsen and Toubro

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Here is the list of top stocks that could be in focus on May 17.

Results today: Bharti Airtel, Colgate Palmolive, Federal Bank, 3IInfotech, Butterfly Gandhimathi Appliances, Gland Pharma, Subex and MRPL are slated to announce their financial results on Monday.

Adani Green: The company is looking to buy Japan’s SoftBank Group Corp.’s controlling stake in solar power producer SB Energy, after SoftBank’s earlier proposed deal with Canada Pension Plan Investment Board was called off. A due diligence process has been started by AGEL, with its personnel been given access to SB Energy’ data room.

Larsen and Toubro: The company on Friday reported 11.3% growth in consolidated net profit at Rs 3,820.16 crore for March quarter 2020-21. Income during the quarter under review increased to Rs 49,116.16 crore, over Rs 44,905.76 crore in the year-ago period.

Bata India: Bata India announced the appointment of Gunjan Shah as its new chief executive officer succeeding Sandeep Kataria who was elevated as the global CEO of Bata Brands last year. Shah is set to join Bata on 21 June and will be based out of the company’s Gurugram office.

Zensar Technologies: Zensar Technologies’ wholly owned subsidiary — Zensar Technologies Inc, USA, has entered into definitive agreement(s)/document(s) for acquisition of 100% of the membership interests in M3bi, LLC, USA. Further, the Board of Directors, inter-alia, approved/concurred/consented to acquisition of M3bi India, and accordingly the company has entered into definitive agreement(s)/document(s) for acquisition of entire equity share capital of M3bi India, subsidiary of M3bi, LLC, USA. Zensar and M3BI can jointly leverage the entire range of Zensar’s services for M3bi’s marquee clients.

Shalby: Shalby has entered into a definitive agreement to acquire certain assets from Consensus Orthopedics (Consensus) a company headquartered in El Dorado Hills, Sacramento, California for a cash consideration of $ 11.45 million. The assets were acquired by Shalby Advanced Technologies Inc, a wholly owned subsidiary of Mars Medical Devices, which in turn is a wholly owned subsidiary of Shalby.

Tata Motors: In its constant endeavor to accelerate EV adoption in the country, Tata Motors and Tata Power have recently inaugurated a high-speed CCS2 EV charging station at Dada Motors in Ludhiana. With this, the company operates the largest charging network of 4 chargers in Ludhiana and 6 throughout Punjab, located on major routes. All Tata EV customers can now travel carefree to and from Ludhiana and Mohali, which are some of the major industrial cities in Punjab.

Ramco Cements: Ramco Cements has commissioned medical oxygen plant at its factory in Ramasamy Raja Nagar in Tamil Nadu, for the welfare of common people. The plant established at a cost of Rs 50 lakh has a production capacity of 48 numbers of oxygen cylinders per day. Each cylinder has a capacity of 45 liters of liquid oxygen, which is equal to 7000 liters in gaseous form. At the rate of 10 liters per minute, one cylinder can feed one patient for 10 to 12 hours. With this continuous supply of medical oxygen from this plant, around 24 lives can be saved every day.

Granules India: Granules India has earmarked a capex of around Rs 1,000 crore which it aims to invest over the next three financial years on a new manufacturing facility and on expanding production capacities at existing plants. During FY22, it expects to spend Rs 400 crore and the rest of the Rs 600 crore is spread over FY23 and FY24.