Stocks React to Q4 Results: Manappuram, KEI, Jindal Stainless Decline, EMS Surges 6% on Order Win

Market Activity Driven by Corporate Developments and Earnings Updates

May 5 saw several stocks in focus as corporate developments, earnings updates, and regulatory triggers drove market activity.

Shares of Jindal Stainless shed 2 percent despite reporting a strong performance for the fourth quarter, with net profit rising 43% year-over-year (YoY) to ₹844 crore compared to ₹591 crore in the same period last year. Revenue also increased 11.2% YoY to ₹11,337.2 crore from ₹10,198.3 crore.

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KEI Industries share price slipped 4 percent although posting a healthy growth in earnings, with net profit up 25.5% YoY to ₹284 crore versus ₹227 crore. Revenue grew 19.3% YoY to ₹3,476.3 crore, compared to ₹2,914.7 crore a year ago.

LG Balakrishnan shares up marginally on reporting a mixed performance in Q4, with net profit declining 17% YoY to ₹70 crore from ₹84 crore. However, revenue rose 21.8% YoY to ₹815 crore, up from ₹669.2 crore in the corresponding period last year.

Manappuram Finance shares down more than 2 percent despite turning profitable in the fourth quarter, reporting a net profit of ₹404 crore compared to a loss of ₹191 crore in the year-ago period. Net interest income (NII) also increased 2.6% YoY to ₹1,504.3 crore, from ₹1,465.6 crore.

Shares of Sobha Limited added 3 percent after reporting a sharp surge in its fourth-quarter performance, with net profit soaring 481% YoY to ₹91.8 crore compared to ₹15.8 crore in the year-ago period. Revenue also witnessed strong growth, rising 60% YoY to ₹2,030 crore from ₹1,270 crore.

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EMS share price gained 6 percent after the company secured a new order worth ₹143.79 crore from Uttar Pradesh Jal Nigam, Varanasi.

Hindustan Zinc shares declined marginally after Sandeep Modi resigned from his position as Chief Financial Officer, effective May 30, 2026.

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.