Indian equities are poised to start the week on a cautious note as mixed global cues weigh on investor sentiment. As of 7:40 AM today, GIFT Nifty futures were trading 96.2 points lower at 23,505.5, signalling a subdued opening for domestic markets.
In Friday’s session, the BSE Sensex fell 110.64 points (0.14%) to close at 77,580.31, while the NSE Nifty50 slipped 26.35 points (0.11%) to end at 23,532.70. Here are the stocks likely to be in focus during Monday’s trading:
Quarterly Earnings in Focus
Waaree Energies, Valecha Engineering, Godavari Biorefineries, and Samyak International
Investors will closely monitor the quarterly earnings reports of these companies, which are set to be released today. Any surprises in their results could drive stock-specific action.
Hero MotoCorp
The nation’s largest two-wheeler manufacturer reported a robust performance for Q2 FY25, with net profit rising 5.6% to ₹1,063 crore. Consolidated revenues saw a 10% increase, reaching ₹10,482.93 crore. These figures highlight Hero MotoCorp’s resilience and strong market position amidst sectoral challenges.
Glenmark Pharma
Glenmark Pharma turned its fortunes around by reporting a consolidated profit of ₹354 crore for Q2, compared to a loss of ₹81.95 crore in the same period last year. This substantial recovery could attract investor interest in the pharmaceutical sector.
Sobha Limited
The real estate company posted a 75% jump in Q2 net profit, rising to ₹26.08 crore from ₹14.94 crore in the prior year. Strong sales and operational efficiencies are driving this growth.
Muthoot Finance
India’s gold loan giant recorded a 21% year-on-year growth in consolidated net profit, reaching ₹1,321 crore in Q2 FY25. Robust demand for gold loans continues to bolster the company’s financials.
E.I.D. Parry
Despite its established reputation in the sugar sector, E.I.D. Parry reported a decline in its consolidated profit after tax to ₹591.66 crore for Q2, compared to ₹781.85 crore in the corresponding quarter last year.
Adani Energy Solutions and Tata Power
These two energy giants are now competing in the emerging field of cooling solutions, which involves centralised cooling systems for large establishments. The rivalry underscores both companies’ intent to diversify their energy portfolios.
Indraprastha Gas and Adani Total Gas
City gas distributors may hike CNG prices following the government’s decision to cut cheaper input gas supplies for the second time this month. However, officials are demanding a detailed cost justification from retailers before approving price increases.
Zee Entertainment Enterprises
Zee has enhanced performance targets for its MD and CEO, Punit Goenka, as part of his reappointment terms. This development comes amidst efforts to strengthen the company’s leadership and operational strategy.
Reliance Group Stocks
Anil Ambani’s Reliance Group has announced its ‘Vision 2030’ strategy, which includes forming a corporate centre to drive innovation, expansion, and leadership development.
Bank of Baroda
The bank plans to focus on 1,000 branches within its 5,200-branch network to attract high-net-worth individuals (HNIs) and improve deposit granularity. This initiative aligns with its broader wealth management objectives, slated for completion by March 2026.
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Reliance Industries (RIL)
RIL has finalised the merger of its media assets with Walt Disney’s India operations, creating a ₹70,352 crore joint venture. This strategic move positions the company as a formidable player in the media and entertainment sector.
ACME Solar Holdings
ACME Sun Power has secured ₹3,753 crore in term loan financing from REC for its renewable energy projects in Rajasthan and Gujarat. These projects are part of the company’s partnership with SJVN to deliver 320 MW of dispatchable renewable energy.
Hindustan Zinc
The mining giant has been awarded a composite licence for the Dugocha gold block in Rajasthan through government auctions. This marks a significant milestone in Hindustan Zinc’s diversification efforts.
Cyient
The company has expanded its collaboration with Allegro MicroSystems to develop advanced magnetic sensors and power semiconductor products for the automotive sector. This partnership underscores Cyient’s commitment to innovation in electronics and mobility solutions.
Outlook
With mixed cues from global markets and a slew of corporate earnings, Indian equities are likely to see stock-specific action today. Key focus areas include Hero MotoCorp’s strong earnings, Glenmark Pharma’s turnaround, and potential moves in city gas and renewable energy stocks. As markets navigate these developments, investors will keep a close eye on any broader cues that could influence sentiment.
