Stocks to Watch: BSE, Bharat Forge, Bajaj Auto, Paytm Among 10 Shares in Focus Today

Indian Stock Market Sees Sharp Gains Amid US-Iran Deal Hopes

The Indian stock market closed with significant gains on Wednesday, driven by late-session buying that pushed both benchmark indices up by over 1%. The Sensex surged 940.73 points, or 1.22%, to finish at 77,958.52, while the Nifty 50 climbed 298.15 points, or 1.24%, to settle at 24,330.95.

However, the market is likely to snap its gaining streak as trends in the Gift Nifty index signaled a negative opening on Thursday. Gift Nifty was trading near the 24,442 mark, down over 5 points from the previous close of Nifty futures. As the market is pointing towards a negative start, some stocks are likely to remain in focus on Thursday due to their own positive/negative triggers.

Top 10 Stocks to Watch on Thursday, May 7

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Bajaj Auto posted a standalone net profit of ₹2,746 crore for the quarter ended March, compared with ₹2,049 crore in the corresponding period last year, marking a 34% year-on-year rise. Paytm's parent company posted a net profit of ₹184 crore in the fourth quarter, against a loss of ₹540 crore in the corresponding period last year, aided by a strong improvement in operational performance.

PB Fintech delivered a robust performance in the fourth quarter, with net profit surging 54% year-on-year to ₹261 crore from ₹170 crore. Revenue also increased 37% to ₹2,061 crore, up from ₹1,507.9 crore in the corresponding period last year. Meesho reduced its consolidated losses to ₹166 crore in the quarter ended March, compared with ₹1,391 crore in the corresponding period last year, marking an 88% decline.

ACME Solar Holdings announced that its subsidiary has commissioned an 8 MW wind power project in Gujarat. Biocon refuted reports of any succession planning or leadership transition in response to exchange queries regarding a media report. The clarification follows a report claiming that Kiran Mazumdar-Shaw had selected her niece as her successor, which also led to movement in the stock price on May 6.

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Shree Cement posted a 4.3% year-on-year fall in net profit to ₹532 crore in the fourth quarter of FY26, against ₹556 crore reported in the corresponding quarter of FY25. Radico Khaitan, the whisky manufacturer, posted a strong increase in fourth-quarter earnings, driven by premiumisation and improved margins. Net profit almost doubled to ₹179.5 crore in the March quarter from ₹92 crore in the corresponding period last year.

Zaggle Prepaid Ocean Services announced that it has signed a three-year agreement with The Supreme Industries Ltd to offer its Zaggle Propel rewards platform.