Stocks to Watch Today: Vedanta, Larsen and Toubro, Indian Hume Pipe, Bajaj Finance, Schaeffler India, Motilal Oswal, Navin Flourine, IIFL Finance under Market Spotlight

Stock Market Update: Key Earnings and Deals to Watch

The Indian stock market is gearing up for a busy trading day, with several companies set to release their quarterly earnings and major deals taking place. Here's a rundown of the key announcements and developments to watch:

Companies Releasing Quarterly Earnings Today

A total of 17 companies, including Hindustan Unilever, Bajaj Finserv, Adani Ports and Special Economic Zone, ACC, Aster DM Healthcare, Central Bank of India, Cholamandalam Investment and Finance Company, Edelweiss Financial Services, Equitas Small Finance Bank, IDBI Bank, IndiaMART InterMESH, Dr Lal PathLabs, Laurus Labs, Mazagon Dock Shipbuilders, National Aluminium Company, National Securities Depository, RailTel Corporation of India, R R Kabel, Sona BLW Precision Forgings, and Sundram Fasteners, will announce their quarterly earnings today.

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Companies Releasing Quarterly Earnings on May 1

Filatex India, Ramkrishna Forgings, and ZEN Technologies will declare their quarterly results on May 1.

Companies Releasing Quarterly Earnings on May 2

Kotak Mahindra Bank, Avenue Supermarts, APL Apollo Tubes, India Shelter Finance Corporation, Netweb Technologies India, SMC Global Securities, and Swastika Investmart will declare their March quarter earnings on May 2.

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Quarterly Earnings Highlights

Key Deals and Developments

• Larsen & Toubro has executed a Share Purchase Agreement with Hyderabad Metro Rail for the disposal of its entire shareholding in L&T Metro Rail (Hyderabad) Limited for Rs 1,461.47 crore.
• Brigade Enterprises has announced a strategic partnership with Bain Capital to develop a 2 million sq ft premium mixed-use project in Whitefield, Bengaluru, with a total project investment of approximately Rs 2,200 crore.
• Puravankara's subsidiary, Starworth Infrastructure & Construction, has received a Letter of Intent for the execution of civil, structural, waterproofing, finishing, and allied works for a residential project—Nature’s Nest—in Bengaluru, awarded by NPS Developers, for an approximate contract value of Rs 144.45 crore.
• Federal Bank has approved the appointment of Manikandan M as Chief Financial Officer and Key Managerial Personnel of the bank, effective May 1.
• Indian Hume Pipe Company has received a Letter of Acceptance with an order value of Rs 458.69 crore from the Public Health & Municipal Engineering Department, Hyderabad, Telangana, for the execution of work under a water supply improvement scheme in the Greater Warangal Municipal Corporation under UIDF funding.

Bulk Deals

• Norges Bank, on account of the Government Pension Fund Global, has acquired 18 lakh shares (a 0.9 percent stake) in Emcure Pharmaceuticals for Rs 289.47 crore from BC Investments IV, an affiliate of US-based private investment firm Bain Capital.
• Unicorn Fund has bought 67,200 equity shares in Accretion Pharmaceuticals for Rs 68.94 lakh at Rs 102.6 per share.
• S Gupta Holding Private Limited has bought 3.75 lakh shares (a 0.56 percent stake) in SG Finserve for Rs 21.15 crore at Rs 564.15 per share.