Stocks to Watch: IndiGo, NMDC, PB Fintech Among 10 Shares in Focus for Today

Indian Stock Market Witnesses Volatility, Ends Lower on Friday

The Indian stock market experienced significant volatility during the week, culminating in a decline on Friday, May 29. The benchmark indices, the Nifty and Sensex, posted losses for the third consecutive session. The Nifty fell 0.72% to settle at 23,547.75, while the Sensex dropped 0.85% to close at 74,775.74.

Despite the decline in the large-cap segment, the broader market remained relatively resilient, with the mid-cap index gaining 0.54% and the small-cap index advancing 1.20%. This indicates sustained investor interest in select stocks outside the large-cap segment.

However, the market is likely to continue its losing streak, as trends in the Gift Nifty index signaled a negative opening on Monday. The Gift Nifty was trading near the 23,702 mark, down over 46 points from the previous close of Nifty futures.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The market's cautious undertone is attributed to renewed uncertainty surrounding the proposed U.S.–Iran agreement, which has tempered the optimism that supported risk sentiment in recent sessions. Diplomatic engagement between the two sides continues, but negotiations remain fluid, with reports suggesting that Trump has sought revisions to elements of the proposed agreement.

Escalating geopolitical tensions elsewhere in the region, including Israel's expanded military operations in Lebanon, have complicated the broader Middle East outlook and reinforced concerns over regional stability.

Stocks to Watch

Several stocks are likely to remain in focus on Monday due to their own positive or negative triggers.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Stocks Performance Comparison

Among the stocks to watch, IndiGo posted a net loss of ₹2,536.3 crore in the fourth quarter, against a net profit of ₹3,067.5 crore in the corresponding period last year, due to weaker operating performance and exceptional charges.

PB Fintech saw a block deal valued at approximately ₹665 crore on Friday, as co-founders Yashish Dahiya and Alok Bansal offloaded shares to a group of domestic and international institutional investors.

Glenmark Pharma posted a significant increase in its fourth-quarter profit, which surged to ₹301.4 crore from ₹4.6 crore in the corresponding period last year, driven by robust operational performance.

NMDC posted a 36% year-on-year increase in net profit for the fourth quarter, reaching ₹2,017.6 crore, supported by robust revenue growth.

PNC Infratech received an EPC contract valued at ₹302.4 crore from the Airports Authority of India.

Vedanta Group secured its highest domestic credit rating in more than a decade, following rating agency ICRA's upgrade of the long-term ratings of its major group entities to AA+.

Patanjali Foods posted a 46% year-on-year increase in net profit for the March quarter, driven by robust growth in its edible oils and FMCG segments, although elevated raw material and packaging expenses put pressure on margins.

Lupin secured approval from the US Food and Drug Administration (US FDA) for its Sodium Sulfate, Magnesium Sulfate, and Potassium Chloride tablets.

Inox Wind posted a 51.1% year-on-year drop in net profit to ₹91.3 crore for the fourth quarter, while revenue declined 2.4% to ₹1,244.2 crore.

Olectra Greentech posted a strong improvement in its fourth-quarter results, with net profit rising to ₹56 crore from ₹21 crore in the corresponding period last year.