Stocks to Watch Today, May 6: Stocks to watch today include Coforge, Larsen & Toubro, Mahindra and Mahindra, and Hero MotoCorp after key Q4 earnings updates. Companies like United Breweries and Emcure Pharmaceuticals also reported performance changes, while corporate developments involving Tata Motors and Grasim Industries are likely to keep these stocks in focus during today’s trading session.
Here’s the list of stocks to watch in today’s trading session:
Stocks to Watch Today
Q4 Update
| Company | Why in focus |
| Coforge | Strong profit growth driven by sharp earnings jump |
| Mahindra and Mahindra | Profit dips even as revenue shows strong growth |
| Hero MotoCorp | Robust sales lift profit and revenue |
| United Breweries | Marginal profit growth amid slight revenue dip |
| Emcure Pharmaceuticals | Steady earnings growth continues |
| Larsen & Toubro | Strong profit surge with dividend declaration |
Coforge
Strong profit growth
The company reported a sharp rise in performance, with net profit jumping 145 per cent YoY to Rs 612 crore from Rs 250 crore. Revenue increased 5 per cent to Rs 4,450 crore from Rs 4,232 crore.
Profit dips, revenue rises
The company saw a slight decline in earnings, with net profit down 3.1 per cent YoY to Rs 5,326 crore from Rs 5,497 crore. However, revenue grew 11.3 per cent to Rs 82,762 crore from Rs 74,392 crore.
Earnings supported by strong sales
The company posted solid growth, with net profit rising 26 per cent YoY to Rs 1,473.92 crore. Revenue also increased to Rs 12,978.28 crore from Rs 9,969.81 crore.
Modest profit increase
The company recorded a marginal improvement, with net profit up 4.2 per cent to Rs 101.87 crore. Revenue, however, slightly declined to Rs 4,408.41 crore from Rs 4,427.15 crore.
Steady growth
The company delivered consistent performance, with net profit rising 24 per cent to Rs 243.74 crore from Rs 197.24 crore.
Profit surge and dividend
The company reported strong growth, with net profit increasing 53.3 per cent YoY to Rs 3,737 crore from Rs 2,437 crore. It also declared a dividend of Rs 33 per share.
Public transport partnership
The company entered into a Memorandum of Agreement with the Nagaland government for the procurement of 43 buses. The delivery is expected within three months, aimed at strengthening and expanding public transport services.
New order wins
The company secured fresh orders worth Rs 1,002 crore across multiple segments, including transmission and distribution, renewable energy, and transportation.
Trading volume growth
The company reported electricity trading volume of 12,341 million units in April, marking a 16.6 per cent year-on-year increase.
Penalty set aside
The company received relief as the appellate tribunal NCLAT set aside a Rs 301.6 crore penalty imposed by CCI. The matter has been sent back to the regulator for a fresh hearing regarding its alleged dominance in the viscose staple fibre market.
Mahindra Holidays and Resorts India
CFO transition
The company announced the resignation of CFO Vimal Agarwal due to his transition within the Mahindra Group. The board approved Rajiv Vimal as the new Chief Financial Officer, effective July 1.
Renewable subsidiary formed
The company incorporated a wholly-owned subsidiary, Vikran Renewable, to focus on solar and integrated energy projects. The move indicates diversification into renewables, with limited near-term impact as operations are yet to begin.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
