Bajaj Auto, Paytm Shares Rise Following Q4 Earnings Reports; Servotech Renewable Gains on New Project Securement

Market Activity Driven by Corporate Developments and Earnings Updates

On May 7, several stocks remained in focus as corporate developments, earnings updates, and regulatory triggers drove market activity. The day saw a mix of positive and negative performances from various companies.

Bajaj Auto Sees 2 Percent Rise in Share Price Bajaj Auto's share price rose 2 percent after the company reported its highest-ever standalone quarterly profit after tax at Rs 2,746 crore for Q4 FY26. This represents a robust 34 percent year-on-year growth, driven by strong domestic and export volumes. The company's revenue from operations surged 32 percent YoY to a record Rs 16,006 crore in the March quarter, compared to Rs 12,148 crore in the corresponding quarter last year.

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One97 Communications Posts Net Profit Shares of Paytm parent One97 Communications added 2 percent on posting a net profit of Rs 183 crore for the quarter ended March 31. This marks a significant improvement compared to a net loss of Rs 545 crore in the year-ago period. The Noida-based fintech company also posted its first-ever annual net profit of Rs 552 crore, against a loss of Rs 663 crore in the previous fiscal year.

Mixed Performances from Other Companies Muthoot Microfin shares traded lower despite posting a net profit of Rs 71.1 crore compared to a loss of Rs 401.1 crore in the same period last year. The company's net interest income (NII) grew 20.1 percent YoY to Rs 400.3 crore from Rs 333.3 crore. Zaggle Prepaid Ocean Services saw its share price rise 1 percent after entering into a three-year agreement with Supreme Industries. Waaree Energies shares rose marginally after its subsidiary signed a power purchase agreement (PPA) with the Solar Energy Corporation of India for a 300 MW wind power project in Dwarka. Servotech Renewable Power System shares rose 2 percent on bagging a 1,415 kW solar rooftop project order from the South Central Railway, Vijayawada Division.

Market Participants Cautious Market participants said news flow remains a key driver in the current environment, with investors closely tracking corporate announcements and sector-specific triggers. With earnings season in progress, company-specific updates are expected to drive further volatility.