Indian stock market investors are expected to track a mix of Q4 earnings, major order wins, block deals, and developments linked to crude oil prices on May 8.
Here are the key stocks to watch today:
ONGC, Oil India, OMCs, Paint Stocks
Crude oil prices moved above $100 per barrel amid escalating tensions in the Hormuz Strait.
Thermax
Thermax reported Q4 earnings above estimates, with EBITDA rising 25% YoY.
Dabur India
Dabur reported domestic volume growth of 6% for the quarter, higher than market expectations of 4-5%.
Biocon
Biocon posted Q4 results largely in line with estimates. The company’s biosimilars segment revenue increased 12% YoY.
Pidilite Industries
Pidilite delivered a strong Q4 performance. Consumer business volume growth came in at 15.4%, ahead of expectations of 9.5-11.5%.
Lupin
Lupin reported an 88% YoY rise in EBITDA, while EBITDA margin improved to 33.3% from 23.3% a year ago.
BSE
BSE posted a strong quarterly performance. Average daily premium turnover (ADPTO) rose 49% QoQ, while adjusted EBITDA margin expanded by 346 basis points QoQ.
Cochin Shipyard
Cochin Shipyard said its subsidiary secured an order worth ₹100-250 crore from Ocean Sparkle.
J&K Bank, City Union Bank, South Indian Bank
Kotak Mahindra Bank received RBI approval to acquire an aggregate holding of up to 9.99% in J&K Bank, City Union Bank, and South Indian Bank.
Globus Spirits
Globus Spirits reported a 74% YoY increase in EBITDA, while margin improved to 7.8% from 4.4%.
PNC Infratech
PNC Infratech secured an order worth ₹194.4 crore from the Lucknow Development Authority in Uttar Pradesh.
Sonata Software
Sonata Software reported a 5.6% QoQ increase in EBIT. EBIT margin improved to 7.2% from 5.6%.
CCL Products
CCL Products reported a 17.5% rise in EBITDA, while revenue increased 46.5% YoY.
V-Mart Retail
V-Mart Retail posted a 56% YoY rise in EBITDA. Margin improved to 11% from 9%.
Suryoday Small Finance Bank
Suryoday SFB reported a net profit against a loss in the year-ago period, while net interest income rose 29.4% YoY.
Gravita India
Gravita India reported a 22% YoY increase in EBITDA, with margin improving to 9.6% from 8.9%.
Hindustan Copper
Hindustan Copper will seek shareholder approval for fundraising through a qualified institutional placement (QIP) on May 15.
Aditya Birla Lifestyle Brands
Aditya Birla Lifestyle Brands reported a 14% YoY rise in EBITDA. Margin stood at 16.2% compared to 15.9% last year.
Thyrocare Technologies
Thyrocare Technologies reported a 30.1% YoY increase in EBITDA, while margin improved to 33.5% from 30.8%.
Pace Digitek
Pace Digitek secured battery energy storage system (BESS) orders worth ₹702 crore from Damodar Valley Corporation.
ACME Solar
ACME Solar reported a 9.9% YoY rise in EBITDA. Margin came in at 87.41% versus 89.53% in the corresponding period last year.
Kirloskar Ferrous Industries
Kirloskar Ferrous reported an 11.6% YoY increase in EBITDA. Margin expanded to 12.4% from 11.6%.
Route Mobile
Route Mobile posted a 12% YoY rise in EBITDA, while margin improved to 12.1% from 10.4%.
Britannia Industries
Britannia Industries reported weak Q4 earnings, with revenue and EBITDA missing market expectations.
Mahanagar Gas (MGL)
MGL reported EBITDA margin of 12.7% against 17.1% in the previous year period. EBITDA declined 26.1% YoY.
Shakti Pumps
Shakti Pumps reported a 49.3% YoY decline in EBITDA. EBITDA margin dropped to 9.7% from 24.6%.
Lenskart
Lenskart may remain in focus as 6.9% equity is likely to change hands through block deals at a 3.6% discount to the current market price.