Adani Power Secures Power Supply Contract in Uttar Pradesh; Sumitomo's Major Deal in Yes Bank; Q4 Results of Tata Steel, Dr Reddy's, and Others Awaited.
Stocks Market Today: Monday, May 12, 2025, may witness significant movement in the domestic stock market. The recent agreement between India and Pakistan has stabilized the atmosphere, offering some relief to investors. However, Q4 results, Foreign Institutional Investor (FII) activity, US-China trade deal negotiations, and global market indicators will determine the market's direction.
Pre-Market Indications
At 6:50 AM, GIFT Nifty Futures traded at 24,561.5, showing a surge of 496 points. This indicates a potential gap-up opening for the market. Friday witnessed a market decline, with the Sensex closing at 79,454.47, down 880.34 points, and the Nifty50 closing at 24,008, down 265.80 points.
Asian Markets Rise
Asian stock markets are currently trading in positive territory. Japan's Nikkei Index is up 0.18%, South Korea's Kospi is up 0.60%, and Australia's ASX 200 is up 0.47%. This strength is attributed to signs of easing US-China tensions.
Companies to Watch Today
1. Adani Power
Adani Power has secured a significant contract to supply 1500 megawatts of thermal power to Uttar Pradesh. The power rate has been fixed at ₹5.383 per unit. This could lead to an increase in the company's share price.
2. Tata Steel
Today, investors will be closely watching the Q4 results of Tata Steel and several other companies.
3. Yes Bank
Japan's Sumitomo Mitsui Banking Corporation will acquire a 20% stake in Yes Bank. SBI will sell 13.19% of its shares, while the remaining stake will be sold by companies like Axis Bank, HDFC Bank, and ICICI Bank. This may cause fluctuations in Yes Bank's stock price.
4. Dr Reddy's
Dr Reddy's delivered a b performance in the March quarter. The company's net profit increased by 22% to ₹1,594 crore, while total revenue grew by 8.6% to ₹8,506 crore. This will likely create a positive sentiment for the company's shares.
Other Companies Releasing Quarterly Results Today
- SRF
- UPL
- PG Electroplast
- Raymond
- Happiest Minds Technologies
- Bajaj Electricals
- Care Ratings
- MapmyIndia
- Thermax
- Triveni Turbine
- Birla Corp
- Navin Fluorine
- ABB India
Some Key Quarterly Updates
Bank of India (BOI): ₹2,626 crore profit, 82.5% growth.
MapmyIndia: Profit increased by 28.2% to ₹48.6 crore.
Reliance Power: ₹125.6 crore profit, compared to a loss in the previous quarter.
Manappuram Finance: ₹203.2 crore loss.
Great Eastern Shipping: Profit decreased by 60% to ₹363 crore.
Thermax: Profit increased by 8.1% to ₹205.7 crore.
Birla Corp: Profit increased by 32.8% to ₹256.6 crore.
ABB India: ₹474.6 crore profit, a 3.3% increase.
