Indian stock markets are set to react to a slew of corporate announcements and macro developments on Monday, with several major and midcap companies in the spotlight.
Tata Motors will likely be under pressure after Jaguar Land Rover announced a pause in car shipments to the United States due to escalating tariff threats under former U.S. President Donald Trump’s trade stance.
Dr. Reddy’s Laboratories has received a show cause notice from the Income Tax Department linked to the merger of Dr. Reddy’s Holding Ltd. in FY19-20. The proposed tax demand stands at ₹2,395.82 crore, raising concerns over potential liabilities.
ITC announced the acquisition of 2.62 lakh equity shares of Ample Foods for ₹131 crore. With this deal, the company’s stake in Ample Foods rises to 43.75%, further strengthening its health and wellness portfolio.
Larsen & Toubro (L&T) has incorporated a new subsidiary aimed at exploring opportunities in the green hydrogen and ammonia sectors, in line with the global clean energy transition.
Biocon has approved the issuance of commercial papers up to ₹600 crore in one or more tranches on a private placement basis, signaling continued focus on financial flexibility.
IndusInd Bank reported a 1.4% YoY growth in net advances, but a 5.2% QoQ decline to ₹3.47 lakh crore. Deposits grew 6.8% YoY and 0.4% QoQ to ₹4.11 lakh crore, but growth moderation may weigh on sentiment.
Among other key developments:
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AstraZeneca secured CDSCO approval to import and sell Osimertinib tablets for an additional indication.
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Ashiana Housing agreed to acquire a 7-acre land parcel in Panvel for a senior living project.
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Elpro International received a credit rating upgrade from CARE Ratings to CARE A-; Stable.
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Anlon Technology received a ₹9.50 crore order from Yamuna International Airport for runway sweepers.
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Rane Holdings’ subsidiary sold land in Chengalpattu for ₹50.50 crore.
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Godrej Properties to develop a Versova residential project with ₹1,350 crore revenue potential.
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Puravankara subsidiary Starworth Infra received an LOI from Ranka Properties worth ₹118.63 crore.
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Baazar Style Retail aims to become debt-free within 2–3 years, according to its MD.
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Delhivery board approved the ₹1,407 crore acquisition of Ecom Express.
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Siemens trades ex-date today for the Siemens Energy demerger with a 1:1 share ratio.
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Bajaj Housing Finance reported a 26% AUM growth and ₹14,250 crore disbursement in Q4FY25.
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Federal Bank announced Executive Director Shalini Warrier’s resignation, effective between May 15–31.
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Yes Bank is facing senior-level exits in its private and SME banking verticals.
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Sula Vineyards received a tax assessment order under the Central Sales Tax Act.
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Banco Products saw the resignation of its Whole-Time Director and CFO.
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Force Motors approved the issuance of commercial papers worth ₹600 crore.
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Balaxi Pharma witnessed a block deal, with EBISU Global Opportunities Fund selling 2.98 lakh shares at ₹67.5 each.
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Biocon, Bajel Projects, Moneyboxx Finance, Tata Steel, Max Estates, Popular Vehicles, Arvind, Allied Digital, H.G. Infra, Aavas Financiers, Himadri Speciality, KSB Ltd, Bank of Maharashtra, Trident, Jindal Steel and Power, and DCM Ltd also reported various business or board updates, though market impact is expected to be neutral.
Disclaimer: The above views are of the broker’s and not the author or the publication’s. Please make any and every investment decision after consulting your financial advisor.
