Stocks to watch today: IndusInd Bank, IRCTC, Adani Ports, Suzlon in focus
Indian equity markets closed in the red on Wednesday, dragged by subdued global sentiment and cautious trading ahead of the monthly F&O expiry. The Sensex declined 239 points to settle at 81,312, while the Nifty ended the session down 74 points at 24,752.As investors eye the final trading sessions of May, attention will turn to a slew of corporate earnings, key regulatory developments, and major fundraising activity. Here's a look at stocks that could dominate Thursday's trade.advertisementA few results trickling in late Wednesday also warrant attention. Steel Authority of India (SAIL) reported an 11% rise in annual net profit at Rs 1,250 crore on revenues of over Rs 1.03 lakh crore. The company recommended a final dividend of Rs 1.60 per share.
IRCTC posted a strong Q4 with net profit rising 26% to Rs 358 crore and revenue up 10% year-on-year to Rs 1,269 crore. The board declared a modest final dividend of Re 1 per share.Cummins India saw its Q4 bottom line dip 7 per cent to Rs 521 crore despite a 6 per cent revenue rise. The board announced a generous Rs 33.50 dividend per share for the year.IndusInd Bank may see investor reaction after market regulator Sebi issued an interim order in an insider trading case involving former CEO Sumanth Kathpalia and four other top executives. According to Sebi, these individuals offloaded shares using unpublished price-sensitive information, avoiding potential losses worth nearly Rs 20 crore.advertisementAdani Ports and Special Economic Zone is returning to the domestic bond market with a proposed Rs 5,000 crore non-convertible debenture issue. This 15-year issuance is expected to carry a coupon in the range of 7.7–7.75%.A few stocks will trade ex-dividend today: Tata Consumer Products, Shyamkamal Investments, and Powergrid Infrastructure Investment Trust. Shares of Aplab will trade ex-rights as the company prepares to raise capital.Ajax Engineering reported a 3% rise in profit to Rs 91 crore on a 15% increase in revenue. However, operating margins slipped by nearly 200 basis points.Avant Feeds clocked a 40% jump in Q4 profit to Rs 157 crore, with revenues up nearly 8%. The company declared a Rs 9 per share dividend.Nuvama Wealth Management posted a 41% profit growth in Q4 and reported a 24% jump in AUM to Rs 4.3 lakh crore.RHI Magnesita India returned to profitability with a net income of Rs 36 crore, even as revenue dipped 3 per cent year-on-year. The board proposed a final dividend of Rs 2.50 per share.With derivatives expiry, heavy result announcements, and global cues weighing in, traders should brace for a volatile session.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
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