A host of developments across corporate earnings, regulatory updates, and strategic announcements are likely to influence stock market activity today, May 19.
Hyundai Motor India has recommended a final dividend of Rs 21 per share (face value Rs 10 each) for FY25. However, the company reported a 4% decline in consolidated Q4 profit to Rs 1,614 crore due to weaker domestic sales.
Waaree Renewable Technologies secured a Rs 114.23 crore solar project under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. Separately, Premier Energies Ltd. announced a 74:26 joint venture with Taiwan-based SAS for a 2 GW solar wafer plant in India. It also commissioned a 1.4 GW TOPCon solar module facility in Telangana.
IRCTC launched its new super app “Swarail”, integrating ticket booking, catering, platform tickets, train status, and complaint redressal into a single platform on both Android and iOS.
Sun Pharmaceutical Industries Ltd received USFDA approval for its next-gen BLU-U® Blue Light PDT Illuminator, aimed at treating actinic keratoses (AK).
NBCC sold 446 residential units of Aspire Silicon City Phase IV in Noida, valued at ₹1,467.93 crore. The company will receive a 1% marketing fee on the sale value.
In block deal activity, PARAM Capital and Siddharth Iyer bought 25K and 10K shares respectively in Wendt (India), while Route One Fund sold 50.38 lakh shares of IndusInd Bank, which also came under pressure due to internal audit findings of Rs 595 crore in unsubstantiated balances. Shares dropped nearly 6%.
JSW Infrastructure Ltd saw promoter Sajjan Jindal Family Trust sell a 2% stake for Rs 1,210 crore. The Government of Singapore bought 1.84 crore shares, and Gazania Advisory picked up 5.5 lakh shares, according to deal updates.
Defence sector stocks remained strong. Paras Defence surged 18.9%, Data Patterns rose 9.25%, Astra Microwave gained 7.10%, and Hindustan Aeronautics, Mishra Dhatu Nigam, Bharat Electronics, and Bharat Dynamics also posted notable gains.
On the earnings front, BHEL reported a 3% rise in Q4 profit to Rs 504.45 crore, Emami posted a 10.5% YoY increase in PAT to Rs 162.17 crore, and Data Patterns reported Rs 114.08 crore in Q4 profit.
Dr Reddy’s Laboratories disclosed two observations from the USFDA following an inspection at its API plant in New York. Cipla Ltd. announced that its Navi Mumbai Sitec Labs facility was classified under Voluntary Action Indicated (VAI) by the USFDA.
Power Grid and BEL will announce their Q4 results on May 19. KEC International secured T&D orders worth Rs 1,133 crore in India. Heritage Foods reported a 5.75% decline in Q4 profit to Rs 38.16 crore due to higher expenses.
Vodafone Idea, in a letter to the Telecom Department, indicated it may not survive beyond FY26 without timely government support regarding AGR dues.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions.
