Summary:
Several stocks are expected to remain in focus as investors track Q4 earnings, large order wins, acquisitions, and leadership changes. Indian Hotels, JSW Energy, Afcons Infrastructure, Bharat Forge, and Adani Ports are among the key stocks to watch on Dalal Street today.
There are many stocks that could be kept in the limelight on Dalal Street during this quarter due to quarterly results, big orders, changes in management, and business-related matters.
Indian Hotels Company
Indian Hotels Company is expected to catch investors’ attention following its solid Q4 numbers. Indian Hotels Company witnessed a 14.8% increase in its consolidated net profit to Rs 599.9 crore from Rs 522.3 crore YoY.
Its operating revenue rose 14% to Rs 2,765.3 crore from Rs 2,425.1 crore in the same period last year.
JSW Energy
JSW Energy is expected to report weak Q4 earnings. JSW Energy witnessed a decline of 9% YoY in its consolidated net profit to Rs 371.6 crore from Rs 408 crore in the previous year.
But the revenue jumped 41% YoY to Rs 4,498.6 crore from Rs 3,189.4 crore in the previous year.
Billionbrains Garage Ventures (Groww)
Apart from its subsidiary platform Groww, the company Billionbrains Garage Ventures could also make headlines because it was reported that some of its shareholders, including Peak XV Partners, Y Combinator, and Ribbit Capital, initiated a block trade worth nearly $500 million to reduce their holdings in the company.
Market watchers are likely to take note of the development, considering the increasing trend among investors towards fintech and digital investment platforms.
Afcons Infrastructure
Afcons Infrastructure Company was identified as the L1 bidder for a project involving reconstruction of an existing railway track and the construction of another railway track in Europe.
The project is estimated to cost around Rs 7,544 crore and will give the company its first major international infrastructure project.
HFCL
The company HFCL won export orders totaling nearly $19.32 million, or Rs 183.95 crore, for supply of optical fiber cables to international clients.
The order win will help in strengthening the company’s export business.
Bharat Forge
Bharat Forge has signed a long-term contract with aerospace giant Embraer for the supply of vital forging of landing gear components.
Through this association, Bharat Forge is now India's first supplier who will form part of Embraer's global aerospace supply chain for forging components.
HG Infra Engineering
HG Infra Engineering has been awarded a Letter of Award valued at Rs 3,931.11 crores by Welspun Enterprises, Maharashtra.
The project entails building a six-lane highway corridor along with upgrading the existing road, which further augments the company’s order book in the infrastructure space.
Munjal Auto Industries
Munjal Auto Industries has bagged an order from Honda Motorcycle & Scooter India for sheet metal stamping and welding parts.
This order will help the company in its business expansion in the automobile components segment.
Windsor Machines
Windsor Machines entered into a Memorandum of Understanding with Allerindia Developers LLP regarding the proposed sale of industrial plots and building structures situated within the Wagale Thane Industrial Area in Maharashtra.
It is estimated that the firm will get Rs 162 crore in several installments during a certain time frame.
LTM
LTM released information regarding the unveiling of its artificial intelligence (AI)-based LTM Business Orchestration Platform, which aims to help companies transition toward real-time intelligent operations using SAP and enterprise ecosystems.
The firm has also launched LTM BlueVerse, which will act as the marketplace layer for scalable integration of SAP-oriented AI agents.
Premier Energies
The planned acquisition of K-Solare Energy by Premier Energies and Syrma SGS Technology has been abandoned.
According to the companies, negotiations have ended in a cordial manner, and there are no significant financial ramifications of this decision.
Adani Ports and Special Economic Zone
Investors will continue to watch Adani Ports and Special Economic Zone due to an important managerial development.
Pranav Choudhary has stepped down from the role of CEO – Ports to explore other avenues beyond the Adani Group from May 31. Niraj Bansal has been named the new CEO – Ports, starting June 1.
