Intraday Volatility Expected in SBI, Marico, AU Small Finance Bank, and Ircon Stocks Today. Positive global cues may lead to a bullish market.
Stocks to Watch: The Indian stock market is expected to open bly on Monday, May 5, 2025. GIFT Nifty futures were trading at 24,519, up around 100 points around 8 am, indicating a positive opening for the domestic market.
- Factors to watch out for?
- US import tariff decisions
- India-Pakistan relations tension
- Global market trends
Foreign Institutional Investors (FIIs) Strategy
SBI: Weak results, but record annual profit
State Bank of India (SBI)'s net profit for the March quarter (Q4FY25) decreased by 9.9% to ₹18,643 crore, compared to ₹20,698 crore a year ago. The decline was primarily due to the absence of one-time write-backs and higher provisions. However, the bank recorded a record net profit of ₹70,901 crore in FY25, a year-on-year increase of 16%.
AU Small Finance Bank: Potential Block Deal of ₹600 Crore
Investors like True North Fund, Indium IV, and Silver Leaf Oak may sell AU Bank shares through a block deal worth approximately ₹600 crore. This news is likely to cause intraday volatility in the stock.
Ircon International: Secures New Order Worth ₹458 Crore
Ircon has received an order worth ₹458.14 crore for civil works for the Tato-I Hydro project in Arunachal Pradesh. This order is considered positive for the company's revenue and stock sentiment.
Concord Biotech: USFDA Inspection Completed
The inspection of the API plant located in Dholka took place between April 28 and May 2. The USFDA issued Form 483 with four observations, which are procedural and not related to data integrity.
Marico: Double-Digit Growth in Profit and Revenue
FMCG giant Marico's consolidated net profit for Q4FY25 increased by 7.81% to ₹345 crore. Revenue increased by 19.8% to ₹2,730 crore. Improvement was seen in both international business and domestic demand.
Avenue Supermarts (D-Mart): Profit Down, Revenue Up
The company's Q4FY25 profit decreased by 2.2% to ₹551 crore, while revenue increased by 16.8% to ₹14,872 crore. EBITDA saw a marginal increase to ₹955 crore.
Sunteck Realty: Profit Down, but Pre-sales at Record High
The company's net profit in Q4FY25 decreased by 50% to ₹50.4 crore, but it recorded its highest-ever pre-sales of ₹870 crore. Pre-sales increased by 28% year-on-year.
Godrej Properties: 19% Drop in Profit Due to Increased Expenses
The company's net profit for the January-March quarter stood at ₹381.99 crore, down 19% year-on-year. A 54% increase in expenses and raw material costs were the major reasons. However, revenue increased by 49%, and record bookings of ₹10,163 crore were recorded.
