Today's Market Focus: Coforge, IHCL, Mahindra, and Ather
Investor attention is focused on shares of Coforge, IHCL, Mahindra, and Ather today, driven by b Q4 results and new deals.
Stocks to Watch, May 6, 2025: The Indian stock market is expected to open flat today. The GIFT Nifty was seen trading at 24,564 with a marginal increase of 3 points by 8 AM, indicating a stable opening for Nifty50. On Monday, the Indian stock market closed higher for the third consecutive session, with significant contributions from major stocks like HDFC Bank, Adani Ports, and Mahindra.
Several stocks are expected to remain under close observation by investors and traders today.
Indian Hotels Company (IHCL)
Tata group's hospitality company, IHCL, demonstrated excellent performance in the fourth quarter of fiscal year 2024-25 (Q4FY25), recording a 25% year-on-year growth. The company's consolidated net profit reached ₹522.3 crore, compared to ₹417.7 crore in the same period last year. This was primarily due to improved occupancy rates and an increase in Average Revenue Per Room (ARR).
Coforge
Coforge, a leading IT company, saw its net profit increase by 16.5% to ₹261 crore in Q4FY25. The company's total revenue grew by 47% to ₹3,410 crore during this period, up from ₹2,318 crore in the previous quarter. A 21% quarter-on-quarter increase in profit and a 4.6% increase in revenue were recorded.
Paras Defence and Space Technologies
Paras Defence signed a strategic Memorandum of Understanding (MoU) with Israel's HevenDrones company. This partnership focuses on establishing a joint venture for the manufacturing of logistic and cargo drones in the Indian and global defense markets. This initiative is considered a significant step towards promoting the "Make in India" program.
Hindustan Petroleum Corporation Ltd. (HPCL)
Investors are keenly awaiting HPCL's Q4 results, which are expected to be announced soon. Factors such as refining margins, inventory gains/losses, and marketing margins could significantly influence the results. This stock could play a crucial role in determining the direction of the energy sector.
Bank of Baroda (BoB)
Amidst signs of strength in the banking sector, positive figures are expected from BoB's quarterly results. The market will particularly focus on the decrease in gross and net NPAs and loan growth. This stock could represent the overall health of the banking sector.
Ather Energy
Ather Energy shares will be listed on the Indian stock market today. The company's IPO has already been successfully completed. Ather's presence in the electric vehicle (EV) segment could make it an attractive option for investors, particularly with a long-term growth perspective.
Mahindra & Mahindra (M&M)
Auto sector giant Mahindra & Mahindra recorded a consolidated profit of ₹3,295 crore in Q4FY25, showing a 20% year-on-year growth. The company's total revenue also increased by 20% to ₹42,599 crore, driven by an 18% increase in SUV sales and a 23% increase in tractor sales. The company also announced a dividend of ₹25.30 per share.
Bombay Dyeing and Manufacturing
Bombay Dyeing's consolidated net profit in the March quarter decreased by 82.6% to ₹11.54 crore, compared to ₹66.46 crore in the same period last year. The company's total revenue also fell by 12.42% to ₹395.47 crore. These figures could be a cause for concern for investors.
DCM Shriram
DCM Shriram's net profit increased by 52% to ₹178.91 crore in Q4FY25, while total revenue reached ₹3,040.60 crore. For the entire fiscal year 2024-25, the company earned a net profit of ₹604.27 crore, a 35.2% increase compared to the previous year.
Senores Pharmaceuticals
Senores Pharmaceuticals' US subsidiary acquired the ANDA for USFDA-approved Topiramate HCl tablets from Wockhardt. This acquisition, funded by the company's IPO proceeds, will strengthen its presence in the US market.
Cyient
Cyient's US subsidiary, Cyient Inc., was fined $26,779.74 by the US IRS related to ESRP (Employer Shared Responsibility Payment). This is considered part of a regulatory process and is expected to have a limited overall financial impact.
Eris Lifesciences
India Ratings and Research (Ind-Ra) upgraded Eris Lifesciences' long-term issuer rating from 'IND AA-' to 'IND AA'. The short-term rating remains at 'IND A1+'. This upgrade reflects the improvement in the company's financial position.
Ceigall India
A subsidiary of Ceigall India signed a ₹923 crore concession agreement with NHAI. This deal relates to the Southern Ludhiana Bypass project and could strengthen the company's position in the infrastructure sector.
