Indian markets are expected to track a busy earnings and corporate developments calendar on May 6, with stocks across banking, infrastructure, energy, financial services and consumer sectors likely to remain in focus. Here are the key stocks to watch today based on quarterly earnings, regulatory updates, business developments and order wins.
HDFC Bank
HDFC Bank will remain in focus after the High Court quashed allegations against the bank’s CEO in the Lilavati matter.
Banks, NBFCs and IndiGo
The Union Cabinet approved ECLGS 5.0 with an additional credit target of ₹2.55 lakh crore, which could keep banking and NBFC stocks in focus along with InterGlobe Aviation, the parent company of IndiGo.
Hero MotoCorp
Hero MotoCorp reported a strong Q4 performance, with revenue rising 29% year-on-year, supported by broad-based growth across segments.
Tata Power
Tata Power will be tracked after the Bhutan government and the World Bank signed financing agreements worth $515 million for a hydroelectric project.
Indian Energy Exchange (IEX)
Indian Energy Exchange reported a 16.6% year-on-year rise in April power trading volumes.
GE Vernova
GE Vernova is in focus after GE Power signed leave and licence as well as contract manufacturing agreements with Quality Profiles.
Coforge
Coforge posted its highest-ever quarterly EBIT margin at 16.6% and also delivered strong management commentary.
SRF
SRF Limited reported a 7% rise in EBITDA along with a 7% increase in revenue year-on-year.
United Spirits
United Spirits reported consolidated Q4 net sales value growth of 3.7% year-on-year, while prestige and above sales value rose 5% year-on-year.
Vodafone Idea
Vodafone Idea announced the appointment of Kumar Mangalam Birla as non-executive chairman.
JSW Energy
JSW Energy said the Supreme Court disposed of MSEDCL’s appeal in a case against the company and directed payment of ₹250 crore to the company.
Poonawalla Fincorp
Poonawalla Fincorp reported a 69.4% year-on-year rise in assets under management, while net interest income increased 72% year-on-year.
KEC International
KEC International secured fresh orders worth ₹1,002 crore.
Raymond Realty
Raymond Realty reported revenue growth of 52.7% quarter-on-quarter, while margins improved to 20.3% from 12.1%.
Inventurus Knowledge Solutions
Inventurus Knowledge Solutions partnered with Holyoke Medical Center to reduce administrative burden.
PNC Infratech
PNC Infratech said NHAI will pay ₹234.7 crore as settlement under the Vivad-se-Vishwas III scheme.
Jammu & Kashmir Bank
Jammu & Kashmir Bank reported a 36.5% rise in profit, while gross NPA improved to 2.50% from 3% quarter-on-quarter.
Spandana Sphoorty
Spandana Sphoorty Financial reported a 12% quarter-on-quarter increase in AUM, while disbursements rose 30%.
Grasim Industries
Grasim Industries said NCLAT set aside a ₹302 crore CCI penalty and remanded the matter for fresh hearing.
Lloyds Metals
Lloyds Metals and Energy reported EBITDA in line with estimates, while margins stood at 42.3% compared with 21.9% year-on-year.
Aadhar Housing Finance
Aadhar Housing Finance posted 20% growth in AUM, while profit rose 27% year-on-year in Q4.
Cummins India
Cummins India will also be watched after Cummins Inc raised its 2026 guidance and income from the India joint venture rose 4%.
Larsen & Toubro (L&T)
Larsen & Toubro reported Q4 results below estimates. Margins came in at 10.4% versus 11% year-on-year, while management commentary remained cautious.
United Breweries
United Breweries reported a weak Q4 performance with EBITDA declining 25.3% year-on-year due to higher category investments.
Urban Company
Urban Company received a show-cause notice from the GST department over discrepancies in GST returns.
Aavas Financiers
Aavas Financiers reported an 18% rise in net interest income, while net interest margin improved to 8.45% from 8.01% quarter-on-quarter.
Shoppers Stop
Shoppers Stop reported a net loss in Q4 compared to profit in the year-ago period. Margins declined to 15.2% from 16%.
Angel One
Angel One reported a 9.1% decline in April gross client acquisition, while average daily orders fell 7.9% month-on-month.