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Stocks to watch: Shares of firms like ITC, Swiggy, NTPC Green, Ashok Leyland, Hyundai, Nazara Tech, and others will be in focus on Monday’s trade
Stocks to watch
Stocks to Watch on May 26: Markets closed the previous week on a subdued note as investors navigated global uncertainties and awaited key domestic triggers. In today’s session, shares of FirstCry, Nazara Technologies, Swiggy, JSW Steel, and NTPC will be in focus, driven by a slew of corporate announcements and fourth-quarter earnings.
Q4 Earnings To Watch Out For Today:
General Insurance Corporation of India, Aurobindo Pharma, Sundaram Finance, and Fertilisers and Chemicals Travancore are among over 200 companies reporting earnings today. This wave of results puts midcap and sector-specific stocks under the spotlight.
Stocks In Focus On Monday
Ashok Leyland announced its first 1:1 bonus share issue since 2011 and declared a Rs 4.25 per share dividend, totalling a Rs 1,248 crore payout. The company posted a 38.4% year-on-year jump in Q4 net profit to Rs 1,246 crore, buoyed by a Rs 173 crore tax credit. Revenue climbed 5.7% to Rs 11,907 crore.
NTPC, India’s leading power producer, recorded a 22.6% sequential increase in Q4 net profit to Rs 5,778 crore. Revenue rose 6% quarter-on-quarter, reaching Rs 43,903.7 crore.
JK Cement reported a robust quarter, with net profit surging 77% year-on-year to Rs 417.3 crore. Revenue increased by 13.7%, and EBITDA grew 34.5% to Rs 736.6 crore.
Paras Defence and Space Technologies announced a strategic joint venture with Israel’s Heven Drones to manufacture logistics and cargo drones in India for both military and civilian applications.
Ashoka Buildcon posted a 73.2% year-on-year rise in Q4 net profit to Rs 432.2 crore. However, revenue declined slightly to Rs 2,694.4 crore.
Glenmark Pharmaceuticals delivered a steady performance, with revenue increasing 6.3% year-on-year to Rs 3,256 crore and EBITDA rising 11.2%. Adjusted net profit came in at Rs 347 crore, excluding one-time charges such as those from the generic Zetia litigation. EBITDA margin stood at 17.2%.
Balkrishna Industries reported a modest 5% year-on-year rise in revenue to Rs 2,838 crore but suffered a 25% drop in net profit to Rs 362 crore.
Finolex Industries saw a 5% decline in revenue to Rs 1,171.8 crore. Net profit remained steady at Rs 165 crore, though EBITDA fell 18% to Rs 171.3 crore, with margins narrowing to 14.6% from 16.9% a year earlier.
Union Bank of India was fined Rs 63.6 lakh by the Reserve Bank of India for non-compliance related to depositor fund transfers and agricultural lending norms.
Hyundai Motor India, NTPC Green Energy, Swiggy, and Waaree Energies are set to join the FTSE Global Equity Index in the largecap category. Meanwhile, ITC Hotels, recently spun off from ITC, will exit the largecap list.
JSW Steel reported a 16% year-on-year increase in consolidated Q4 net profit to Rs 1,503 crore, up from Rs 1,299 crore in the same quarter last year.
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