NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Stock Market Update: Key Announcements and Deals

The Indian stock market is set for a busy day with several key announcements and deals expected to shape the market's trajectory. Here's a rundown of the key developments:

Results Today

Several prominent companies are scheduled to announce their quarterly earnings today, including Sun Pharmaceutical Industries, Eicher Motors, Hindalco Industries, Colgate Palmolive (India), All Time Plastics, Fortis Healthcare, HG Infra Engineering, Info Edge (India), Narayana Hrudayalaya, NTPC Green Energy, Torrent Pharmaceuticals, TVS Electronics, Unichem Laboratories, Vikran Engineering, and Yatra Online.

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Results on May 23

A few more companies will release their quarterly results on May 23, including NTPC, Divis Laboratories, Anupam Rasayan India, India Pesticides, JK Cement, Rainbow Children's Medicare, and Sai Parenterals.

Quarterly Earnings

Some notable companies have already announced their quarterly earnings, with varying results. Here's a summary of the key highlights:

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

CompanyProfit (YoY)Revenue (YoY)
GAIL (India)-38.4% to Rs 1,262.2 crore-2.6% to Rs 34,772.5 crore
Aurobindo Pharma2% to Rs 921.3 crore5.6% to Rs 8,853.3 crore
LG Electronics India-8.2% to Rs 692.7 crore8.1% to Rs 8,053.6 crore
FSN E-Commerce Ventures (Nykaa)286.5% to Rs 78.4 crore28.4% to Rs 2,648.2 crore
Honasa Consumer177% to Rs 69.2 crore23.1% to Rs 657 crore
Welspun Corp-47% to Rs 370.4 crore9.9% to Rs 4,312.6 crore
Rashtriya Chemicals and Fertilizers157.7% to Rs 186.7 crore49.6% to Rs 5,580.6 crore
Juniper Hotels-8.3% to Rs 50.4 crore8.6% to Rs 301.5 crore
Max Healthcare Institute7.3% to Rs 342.2 crore12.2% to Rs 2,142.9 crore
VA Tech Wabag28.9% to Rs 128.3 crore22.3% to Rs 1,414.4 crore
Sun TV Network-37.4% to Rs 232 crore-6.3% to Rs 882.5 crore
Bikaji Foods International26.1% to Rs 56.4 crore18% to Rs 720.9 crore
GMM Pfaudler-17% to Rs 943.6 crore

Stocks to Watch

Several stocks are expected to be in focus today, including:

  • Paytm: SAIF Partners may be looking to sell 86 lakh shares (1.3 percent equity stake) in One 97 Communications (Paytm) via block deals, with the floor price set at Rs 1,120.65 per share.
  • Maruti Suzuki India: The company has decided to increase the prices of its models across the portfolio by up to Rs 30,000, effective June 2026, due to sustained increase in input costs.
  • Indian Overseas Bank: The Board has approved raising funds of up to Rs 5,000 crore through an FPO, rights issue, QIP, or preferential issue in one or more tranches.
  • Fino Payments Bank: Rishi Gupta has opted for voluntary early retirement from the position of MD & CEO, effective May 21, and the Board has approved the extension of Ketan Merchant’s tenure as Interim Chief Executive Officer for three months effective May 27.

Bulk Deals

Some notable bulk deals have taken place recently, including:

  • India Motor Parts & Accessories: TSF Investments has bought an additional 3.54 lakh shares (2.8 percent stake) in India Motor Parts & Accessories for Rs 40.71 crore at Rs 1,149 per share.
  • Energy Infrastructure Trust: Tara Investments 2 (Incorporated VCC Sub-Fund) has bought 3.04 crore units (4.57 percent stake) in Energy Infrastructure Trust for Rs 231.34 crore from Brookfield Corporation subsidiary Rapid Holdings 2 Pte.
  • Sammaan Capital: Societe Generale has acquired 68.62 lakh shares in Sammaan Capital at Rs 154.17 per share, amounting to a transaction value of Rs 105.8 crore.

Stocks Trade Ex-Dividend

Several stocks are scheduled to trade ex-dividend today, including:

  • Larsen & Toubro
  • Havells India
  • Himadri Speciality Chemical
  • Jindal Saw
  • Jupiter Life Line Hospitals
  • L&T Finance
  • L&T Technology Services
  • Maithan Alloys
  • Nicco Parks & Resorts
  • Sula Vineyards
  • Trident
  • Vinyl Chemicals (India)
  • Workmates Core2Cloud Solution

Stocks Trade Ex-Date for Income Distribution

Some stocks are scheduled to trade ex-date for income distribution today, including:

  • Anantam Highways Trust
  • Capital Infra Trust

Stocks Trade Ex-Date for Rights

Some stocks are scheduled to trade ex-date for rights today, including:

  • GS Auto International

Stocks Trade Ex-Date for Buy Back

Some stocks are scheduled to trade ex-date for buy back today, including:

  • Welspun Living
  • CMS Info Systems

Stocks in F&O Ban

Some stocks are currently under F&O ban, including:

  • Kaynes Technology India
  • SAIL
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