Indian Hotels, Syrma SGS, Groww, Afcons Infra, Bharat Forge, HG Infra, Munjal Auto, HFCL, Windsor Machines to be in Focus on May 12
Stock Market Update: Key Earnings, Deals, and Appointments
The Indian stock market is set for a busy day with several key companies announcing their quarterly earnings and major deals in the pipeline. Here's a rundown of the top stocks that will be in focus today.
Quarterly Earnings
Several Indian companies have announced their quarterly earnings, showcasing mixed results across various sectors. Key highlights include:
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
| Company | Profit (YoY) | Revenue (YoY) |
|---|---|---|
| Indian Hotels Company | 14.8% to Rs 599.9 crore | 14% to Rs 2,765.3 crore |
| JSW Energy | 9% decline to Rs 371.6 crore | 41% surge to Rs 4,498.6 crore |
| Satin Creditcare Network | 234% to Rs 136.9 crore | 46.2% to Rs 811.6 crore |
| Anant Raj | 23.6% to Rs 146.6 crore | 19.6% to Rs 646.8 crore |
| JB Chemicals and Pharmaceuticals | 30.4% decline to Rs 101.4 crore | 4.8% decline to Rs 904.2 crore |
| Paradeep Phosphates | 9.6% decline to Rs 155.6 crore | 12.1% to Rs 4,702 crore |
| Syrma SGS Technology | 54.6% surge to Rs 101.2 crore | 58.5% to Rs 1,465 crore |
| Heritage Foods | 36.7% decline to Rs 24.2 crore | 10.4% to Rs 1,157.6 crore |
Stocks to Watch
Several key stocks are in focus today due to significant developments. These include:
- Groww: Investors Peak XV Partners, Y Combinator, and Ribbit Capital have launched a block deal to sell part of their stake in Groww, worth around $500 million.
- Afcons Infrastructure: The company has been selected as the L1 bidder for a railway project in Europe, valued at Rs 7,544 crore.
- HFCL: The company has secured export orders worth $19.32 million for the supply of optical fiber cables.
- Bharat Forge: The company has entered into a long-term contract with Embraer for the manufacturing and supply of critical landing gear forgings.
- HG Infra Engineering: The company has received a Letter of Award worth Rs 3,931.11 crore for a highway project.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Corporate Appointments
Key corporate appointments include:
- Adani Ports and Special Economic Zone: Niraj Bansal has been appointed as CEO - Ports, effective June 1.
Bulk Deals
Several key bulk deals have taken place in the market, including:
- NRB Bearings: Trilochan Singh Sahney Trust 1 sold 14.12 lakh equity shares for Rs 46.6 crore.
- Aditya Consumer Marketing: Fivex Capital VCC acquired 1.96 lakh shares for Rs 67.16 lakh.
- Novus Loyalty: Nova Global Opportunities Fund PCC - Touchstone sold 96,000 shares for Rs 1.5 crore.
Stock Trades
Key stock trades include:
- Recode Studios: The company is set to list on the SME platform.
- Godrej Consumer Products: The company will trade ex-bonus today.
- Aptus Pharma: The company will trade ex-date for amalgamation today.
- Gujarat State Petronet: The company's stock is in the F&O ban today.
- SAIL: The company's stock will trade ex-bonus today.
More in Market
Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Indian Stocks to Watch: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange, Lenskart Solutions in Market Focus on June 4.
