* Maruti Suzuki: The automotive giant has introduced two fresh variants of the Fronx, featuring competitive ex-showroom pricing. The newly launched models comprise the Fronx ISS Delta+ (O) 1.2L 5MT, priced at Rs 8,93,000, and the Fronx ISS Delta+ (O) 1.2L AGS, available at Rs 9,43,000.
* TCS: IT services company announced the creation of a Global Artificial Intelligence (AI) Center of Excellence in Paris, during the Choose France Summit, hosted by President Emmanuel Macron.
* Sanofi: Sanofi has announced its Q4 earnings report, revealing a major downturn in key financial metrics compared to the previous year. Revenue fell 74.3 percent to Rs 732.4 crore, from Rs 2,851.1 crore Y-o-Y, while Ebitda experienced a parallel decline of 73 percent, falling to Rs 219 crore, from Rs 804 crore Y-o-Y. Margin, meanwhile, saw a slight improvement, rising to 30 percent, from 28.2 percent Y-o-Y.
* Zomato: Food aggregator Zomato announced its fourth-quarter earnings on Monday, May 13. Its profit stood at Rs 175 crore compared to a loss of Rs 189 crore Y-o-Y. The turnaround came on the back of robust revenue growth and positive EBITDA. Its topline and EBITDA stood at Rs 3,562 crore and Rs 86 crore, respectively. Margin, meanwhile, came in at 2.4 percent for Q4.
* Shriram Finance: The company announced that the board has approved the sale of its housing finance subsidiary Shriram Housing Finance to Warburg Pincus for Rs 4,630 crore for equity & convertible instruments of SHFL.
* DLF: The company announced its March quarter results (Q4FY24). Its net profit rose 61.5 percent to Rs 920.7 crore, as opposed to Rs 570 crore in the same quarter a year ago (Q4FY23). Its topline zoomed 46.6 percent annually to Rs 2,135 crore from Rs 1,456 cr a year ago. Margin, meanwhile, expanded 790 basis points to 35.3 percent.
* Mankind Pharma: Its share price surges 4.5% on buzz over plans to acquire Bharat Serum & Vaccines.
* PVR Inox: It reported a net loss of Rs 129.70 crore for the quarter ended March 2024 as against a net loss of Rs 334 crore in the corresponding quarter a year ago. Total income rose by 12.1 percent YoY to Rs 1,305.50 crore from Rs 1,164.90 crore.
* Railway Stocks: Railtel, Ircon International, and RVNL Shares jumped 10 percent. Texmaco Rail, Titagarh Rail, and Jupiter Wagons stocks, which fell over 8 percent in the previous session, were trading up to 10 percent higher.
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