Stocks to Watch Today: Dr Reddy’s, Tata Power, RVNL, Vodafone Idea, Texmaco Rail in Focus

Indian equity markets are expected to witness stock-specific action in today’s session as several companies reported their March quarter earnings, announced fresh order wins, and disclosed key corporate developments.

Dr. Reddy's Laboratories Q4 Profit Crashes 86%

Dr Reddy’s Laboratories reported a weak set of earnings for the fourth quarter on a consolidated basis. The company’s net profit plunged 86.2% year-on-year to ₹220.1 crore compared to ₹1,593.9 crore in the corresponding quarter last year.

Revenue from operations also declined 11.6% to ₹7,516.2 crore against ₹8,506 crore in the year-ago period. The sharp decline in profitability is likely to keep the pharma stock under pressure in today’s trade.

Tata Power Reports Weak Q4 Numbers

Tata Power Company posted a decline in both profit and revenue during the March quarter. Consolidated net profit fell 4.5% year-on-year to ₹995.9 crore from ₹1,042.8 crore reported in the same period last year.

Revenue from operations declined 12.8% to ₹14,900.2 crore compared to ₹17,095.9 crore a year ago. Investo₹are expected to monitor management commentary on renewable energy projects and power demand outlook.

Torrent Power Profit Tanks 70% Due to Higher Tax Expenses

Torrent Power reported a sharp fall in fourth-quarter earnings. The company’s consolidated net profit dropped 70% year-on-year to ₹318.2 crore against ₹1,059.6 crore in the corresponding quarter last year.

Revenue slipped marginally by 0.8% to ₹6,406.1 crore from ₹6,456.3 crore. The earnings were impacted by higher tax expenses, with the company reporting tax expenses of ₹215.87 crore compared to a tax write-back of ₹457.87 crore in the year-ago period.

Nazara Technologies Profit Jumps Nearly 14-Fold

Nazara Technologies posted a strong rise in profitability despite lower revenue. The company reported a consolidated net profit of ₹55.7 crore in Q4FY26 compared to ₹4.07 crore in the same quarter last year, marking nearly a 14-fold increase.

However, revenue from operations declined 23.5% year-on-year to ₹397.8 crore from ₹520.2 crore.

Rail Vikas Nigam Limited Bags ₹221 Crore Railway EPC Project

Rail Vikas Nigam Limited (RVNL) emerged as the lowest bidder for an EPC contract worth ₹221.3 crore from South East Central Railway.

The project involves replacement of panel interlocking with electronic interlocking systems along with indoor and outdoor gears, OFC huts, S&T service buildings, electrification works, and cabling works across multiple stations in the Bilaspur Division.

PNC Infratech Signs ₹235 Crore Settlement Agreement With NHAI

PNC Infratech announced the execution of a settlement agreement with the National Highways Authority of India (NHAI) for ₹234.99 crore.

The settlement falls under the Government of India’s ‘Vivad Se Vishwas II (contractual disputes)’ scheme and is expected to improve the company’s cash flow visibility.

Texmaco Rail & Engineering Secures ₹4,045 Crore International Order

Texmaco Rail & Engineering received a major order worth ₹4,045 crore from Tsiko Africa Logistics (Pty) together with Barberry Holdings (Pty).

The order includes rolling stock freight wagons, locomotives, rail components, and long-term maintenance services, making it a significant business development for the company.

Interarch Building Solutions Wins ₹102 Crore Contract

Interarch Building Solutions secured a contract worth ₹102 crore for the design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system from a customer.

The order is expected to strengthen the company’s order book going forward.

Vodafone Idea Board to Consider Fundraising Proposal

Vodafone Idea said its board will meet on May 16 to consider standalone and consolidated audited financial results for Q4FY26.

The board will also evaluate a proposal to raise funds through the issuance of equity shares and/or warrants on a preferential basis, which will remain closely tracked by investors.

United Breweries Gets Relief in Tax Matter

United Breweries announced that the Maharashtra Sales Tax Tribunal has reduced a tax demand order worth ₹275 crore to nil.

The development comes as a major relief for the company and is expected to support investor sentiment around the stock.