Stocks to Watch Today: ONGC, Siemens, Coal India, Tata Elxsi, Canara Bank in Focus

Several stocks are expected to remain in focus on Wednesday following quarterly earnings announcements, order wins, strategic developments, and regulatory updates. Companies such as Oil and Natural Gas Corporation, Siemens, Coal India, Tata Elxsi, and Canara Bank are likely to attract investor attention.

ONGC Q4 Earnings and Port JV

Oil and Natural Gas Corporation reported a steady performance in the March quarter. The company’s standalone net profit rose 3.1% year-on-year to Rs 6,650 crore, while revenue increased 2.7% to Rs 35,928.2 crore.

In addition to earnings, ONGC’s board approved the formation of a 50:50 joint venture with the Gujarat Maritime Board to develop a 5 MMTPA liquid port at Dahej, Gujarat.

Siemens Reports Weak Profitability

Siemens posted mixed quarterly results. Consolidated revenue rose 14.6% YoY to Rs 4,617.5 crore, but profit declined sharply by 36.4% to Rs 370.4 crore.

The company also reported lower other income during the quarter, which weighed on overall profitability.

JK Tyre and P&G Health Post Strong Results

JK Tyre and Industries delivered strong earnings growth for the fourth quarter. Net profit surged 80.2% YoY to Rs 178 crore, while revenue climbed 12.4% to Rs 4,223.4 crore.

Meanwhile, Procter & Gamble Health reported robust quarterly numbers. Profit jumped 54.6% to Rs 94.6 crore, while revenue increased 19.1% YoY to Rs 3,704.5 crore.

Coal India OFS Announcement

Coal India will remain in focus after the Government of India announced an offer-for-sale (OFS) for up to a 1% stake in the company, with an option to additionally sell another 1%.

The floor price for the OFS has been fixed at Rs 412 per share.

Saatvik Green Energy Bags Solar Order

Saatvik Green Energy secured an order worth Rs 171.45 crore for the supply of solar PV modules from a reputed independent power producer/EPC player.

Tata Elxsi Launches AI-Based Solution

Tata Elxsi launched ViTel, a material intelligence solution for medical device manufacturers, co-developed with Viridium AI.

The development highlights the company’s continued focus on AI-driven healthcare technology solutions.

Canara Bank, HG Infra and Fino Payments Bank Updates

Canara Bank said its board will meet on June 2 to consider a capital raising plan for FY2026-27.

HG Infra Engineering emerged as a qualified bidder for a Rs 45 crore substation project in Uttar Pradesh.

Meanwhile, Fino Payments Bank received RBI approval for the extension of Interim CEO Ketan Merchant’s tenure for another three months.