Top 10 Stocks to Watch: LIC, ITC, RVNL, Dr Reddy's Among Firms in Focus

Indian Stock Market Edges Higher on Wednesday

The Indian benchmark indices, the Sensex and Nifty 50, closed marginally higher on Wednesday, May 20, driven largely by gains in Reliance Industries shares. The Sensex rose 118 points, or 0.16%, to finish at 75,318.39, while the Nifty 50 advanced 41 points, or 0.17%, to settle at 23,659.

Market trends suggest that the market is likely to continue its gaining streak as the Gift Nifty index signalled a positive opening on Thursday. Gift Nifty was trading near the 23,845 mark, up over 180.50 points from the previous close of Nifty futures.

The market is expected to open with a positive undertone, supported primarily by the sharp correction in crude oil prices and improving optimism surrounding the ongoing U.S.–Iran negotiations. Investor sentiment has improved meaningfully as markets increasingly begin to price in the possibility of de-escalation and a potential diplomatic resolution between the two nations. However, despite the improvement in risk appetite, uncertainty remains elevated as no concrete breakthrough has yet been officially confirmed.

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Key Stocks to Watch

Several stocks are likely to remain in focus on Thursday due to their own positive/negative triggers. These include:

These companies will release their Q4 results today, which may have a significant impact on the market.

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

Company Updates

• Aditya Birla Capital: The financial services company announced that its board has cleared a ₹4,000 crore preferential equity share issue to promoter Grasim Industries, Suryaja Investments Pte. — an Aditya Birla Group firm — and International Finance Corporation, aimed at supporting growth and bolstering its capital base.
• Dr Reddy's Lab: The pharmaceutical company announced the launch of its oral semaglutide biosimilar in India under the brand name Obeda for the treatment of type 2 diabetes mellitus.
• Lenskart: Omnichannel eyewear retailer Lenskart on Wednesday posted a 9% year-on-year decline in consolidated net profit to ₹200 crore for the fourth quarter.
• Ola Electric: The company reported a net loss of ₹500 crore ($51.6 million) in the January–March quarter, improving from a loss of ₹870 crore recorded in the same period last year.
• Rail Vikas Nigam: The company has secured the position of the lowest bidder for a ₹164.18 crore project awarded by East Coast Railway.
• Whirplool of India: The company posted a 32.7% year-on-year drop in net profit for the fourth quarter of FY26, with profit falling to ₹80.2 crore from ₹119.2 crore in the same quarter a year earlier.
• Pace Digitek: The company has secured an advance work order (AWO) valued at ₹264.65 crore from Bharat Sanchar Nigam Limited for the BharatNet middle-mile and last-mile network project in the Sikkim Telecom Circle.
• JK Cement: One of India’s leading cement manufacturers announced that it has received a Letter of Intent (LOI) from the Andhra Pradesh government for the allocation of a mining lease for the Dommarnandyala Block-3 limestone reserve.