Stocks to watch today, May 19: Indian stocks are likely to see stock-specific action on May 19 amid a series of quarterly earnings announcements and corporate developments. Companies including Indian Oil Corporation, DOMS Industries, JK Paper and Astral reported strong March-quarter results, while firms such as NTPC, Maruti Suzuki India and TVS Motor Company announced key business updates that may influence investor sentiment during the trading session.
Strong Q4 Profit Growth
Indian Oil Corporation reported a robust 56 per cent rise in standalone net profit for the March quarter of FY26. The company posted a profit of Rs 11,377.51 crore.
Revenue and Profit Maintain Momentum
DOMS Industries posted healthy fourth-quarter earnings with net profit rising 17.1 per cent year-on-year to Rs 56.7 crore. Revenue increased 18.7 per cent to Rs 604 crore.
Earnings Rise on Higher Revenue
JK Paper reported a 36.36 per cent increase in consolidated net profit to Rs 90.19 crore in the March quarter. Revenue from operations climbed 17.22 per cent to Rs 1,965.95 crore.
Profit Slips Despite Volume Growth
Indraprastha Gas Limited reported a 21 per cent decline in net profit to Rs 277.08 crore for the March quarter. However, the company recorded a 6 per cent increase in sales volume, reaching 9.69 million standard cubic metres per day.
Astral
Strong Revenue Boost Lifts Profit
Astral delivered solid quarterly results with net profit rising 19.6 per cent to Rs 213 crore. Revenue surged 24.2 per cent year-on-year to Rs 2,088.5 crore.
Profit Declines Despite Revenue Growth
Zydus Wellness reported a 5.75 per cent decline in consolidated net profit to Rs 162 crore in the fourth quarter. However, revenue from operations jumped sharply to Rs 1,484.7 crore compared to Rs 913.1 crore a year earlier.
Hyderabad Airport Expands Cargo Capacity
GMR Hyderabad Airport has launched Cargo Terminal 2 to address rising cargo demand.
Royal Enfield Plans New Manufacturing Unit
Eicher Motors’ subsidiary Royal Enfield is set to acquire 215.7 acres of land in Tada, Andhra Pradesh, for a new greenfield manufacturing facility.
NTPC
Power Capacity Crosses 90 GW Milestone
State-owned NTPC announced that its installed electricity generation capacity has crossed 90 GW. The milestone was achieved after the successful trial operation of the 800 MW Unit 2 at Patratu Vidyut Utpadan Nigam.
Stake Sale in JSW Steel Raises Rs 3,150 Crore
JSW Energy announced the sale of 2.5 crore equity shares in JSW Steel through a bulk deal on the NSE. The transaction, valued at Rs 3,150 crore, was executed on May 18.
To Buy Stake in Jana SFB
TVS Motor Company will acquire a 4.9 per cent stake in Jana Small Finance Bank for Rs 193.32 crore.
Production Begins at Kharkhoda Second Plant
Maruti Suzuki India has commenced commercial production at the second plant of its Kharkhoda facility in Haryana.
Generic Antibiotic Launched in US Market
Glenmark Pharmaceuticals announced the US launch of the generic version of vancomycin hydrochloride, an antibacterial prescription medicine.
(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.)
