A slew of corporate announcements, sales figures, and earnings updates are set to drive stock-specific action in Thursday’s session. While several companies have reported better-than-expected operational metrics and earnings, a few others remain under pressure due to underwhelming numbers or weak guidance.
Stocks in focus today on May 2, 2025:
Maruti Suzuki is likely to be in focus after the company reported a 7% year-on-year growth in April sales, coming in slightly better than analyst estimates.
Mahindra & Mahindra (M&M) delivered a strong set of numbers in both its auto and tractor segments, with April sales surpassing expectations.
TVS Motor continues to outperform peers, with April sales rising 4% above estimates, aided by consistent growth across segments.
Jindal Steel & Power (JSPL) posted a better-than-expected Q4, with volumes at 2.13 million tonnes versus an estimate of 1.95 million tonnes.
NMDC raised prices of iron ore lumps and fines by ₹440 per tonne, effective May 1, providing a tailwind for revenues going forward.
MOIL reported in-line Q4 results and revised manganese ore prices lower for May 2025.
Adani Enterprises registered a 16% rise in EBITDA with margins improving to 13.7% from 11% year-on-year, while Adani Ports saw EBITDA up 23.8% and a 48% rise in profit YoY.
HAL received clearance for its advanced light helicopters (both Army and Air Force versions), a positive for its defence manufacturing pipeline.
Paras Defence reported a 35.8% YoY revenue jump with margin expansion to 26.2% from 15.6%.
Ambuja Cements received no adverse observations from NSE or BSE regarding its proposed scheme of arrangement with Penna Cement.
NCC announced order wins worth ₹1,663 crore in April, while Home First Finance reported a 31.1% rise in AUM and a 42.1% YoY increase in net interest income.
JSW Infrastructure reported in-line Q4 earnings with a 10% YoY growth in EBITDA. PNB Housing is in the spotlight as SORCs and Carlyle plan to offload a 10.4% stake via block deals at a floor price of ₹960 per share.
MobiKwik‘s arm received RBI approval to operate as an online payment aggregator.
JSW Energy signed a major power procurement agreement with UPPCL for 1,500 MW/12,000 MWh.
GE Vernova bagged an order to supply 70 units of 765 kV transformers and reactors to PowerGrid.
HBL Engineering secured a ₹146 crore LoA from Western Railway for the Kavach train safety system.
GR Infraprojects executed a ₹4,263 crore concession agreement with NHAI for a key highway project.
RailTel reported a robust 53% rise in EBITDA and a 57% YoY increase in revenue.
Nuvoco Vistas achieved a new all-time high in cement volumes at 5.7 million tonnes, with EBITDA per tonne up 75% quarter-on-quarter.
Tata Motors reported a decline across all segments in April, with electric vehicle sales falling 16% YoY.
Hero MotoCorp posted a steep drop in April sales, down 32% versus estimates, due to a production halt at four manufacturing facilities.
Bandhan Bank came under pressure after a weak Q4 showing. NIM hit a nine-quarter low of 6.70%.
Eicher Motors’ Royal Enfield sales rose 6% YoY but came in slightly below expectations.
Hyundai Motor India saw April sales decline 4.6% YoY, missing market estimates.
Federal Bank reported its slowest loan and NII growth in 12 quarters, weighing on investor sentiment.
Eternal (formerly Zomato) saw further slowdown in its core food delivery business while quick commerce losses widened.
Indus Tower reported just 2.4% revenue growth and disappointed investors by not declaring any dividend for FY25.
Sona BLW missed earnings expectations after adjusting for PLI benefits, with margins falling 100 bps.
LG Balakrishnan reported flat EBITDA, with margins down to 15.2% from 16.6% YoY.
Phoenix Mills posted an 11% drop in EBITDA and a 22.2% YoY decline in revenue.
Sundram Fasteners also disappointed, with a 1.4% dip in EBITDA and margin contraction to 14.7%.
Disclaimer: This article is for informational purposes only. It does not constitute investment advice. Readers are advised to consult a certified financial advisor before making any investment decisions.
