Top stocks to watch today, May 23: ITC, TVS Motor, Trent, BEL, HFCL, Nestle, IndusInd Bank and more
By Aman Shukla Published on May 23, 2025, 08:24 IST
The Indian stock market experienced a subdued session on May 22, with both the Sensex and Nifty declining nearly 1%. The downtrend was largely influenced by global market cues.
As the trading session opens on May 23, here are the key stocks and company developments that may warrant investor attention: Stocks in Focus ITC : Cigarette volume growth aligned with estimates; revenue exceeded expectations.
TVS Motor : Entered a memorandum of understanding with OOR Cabs to deploy 500 electric three-wheelers in Tamil Nadu.
Trent, BEL : Scheduled to be included in the BSE Sensex Index from June 23.
Nestle, IndusInd Bank : Set to be excluded from the BSE Sensex Index, effective June 23.
Metro Brands : Reported a 24.3% year-on-year rise in EBITDA, with margins improving to 30.7% from 27.2%.
Honasa : Posted a 13.2% year-on-year revenue increase, indicating early signs of operational improvement.
GMR Airports : EBITDA grew 23.5% YoY; margin increased to 35.25% from 33.39%.
Max Estates : Met FY25 pre-sales guidance; FY26 pre-sales expected in the range of ₹6,000–6,500 crore.
Power Mech : EBITDA rose 44%, with revenue up 42.4% YoY.
Syrma SGS : Entered into a strategic partnership to manufacture Dynabook laptops in India.
Sun Pharma : Q4 earnings came in below expectations; company projects mid-to-high single-digit revenue growth for FY26.
Grasim : Missed Q4 estimates; VSF and chemicals business EBITDA lagged street expectations.
CONCOR : Delivered a muted Q4; board approved a bonus issue—1 share for every 4 held.
Ramco Cements : Q4 results below estimates; volumes declined 4% against an expected rise.
MTAR Technologies : FY25 revenue, margins, and order book fell short of guidance.
GSPL : Reported weak Q4 results; volumes fell 11% QoQ and 23% YoY.
HFCL : Posted a net loss versus profit YoY; revenue declined 39.6%.
Veedol Corporation: Promoter Ashok Vasudevan to sell up to a 2% stake via offer-for-sale at an 8% discount to CMP.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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