Stocks to Watch Today, May 18: Indian equities are set to remain in focus on Monday as a mix of strong Q4 earnings and key corporate announcements drives stock-specific action.
Tata Steel, Godfrey Phillips, ITC Hotels and SAIL reported robust profit growth, while Balrampur Chini and Delhivery showed mixed performance. Among corporate updates, HFCL secured an overseas order, IRFC set an ambitious lending target, and Coal India’s MCL listing plan received approval, alongside key developments from Vodafone Idea, Adani Ports and UNO Minda.
Here’s the full list of stocks to watch in today’s trading session:
| Stocks in focus | Why in focus today? |
| Tata Steel | Profit More Than Doubles |
| Balrampur Chini | Profit Declines Despite Revenue Growth |
| Godfrey Phillips | Earnings See Sharp Rise |
| ITC Hotels | Strong Quarter Performance |
| SAIL | Profit Jumps Nearly 47% |
| Delhivery | Profit Remains Steady |
| HFCL | Bags Overseas Optical Fibre Order |
| IRFC | Targets Rs 1 Lakh Crore Sanctions |
| Signature Global | Rs 3,500 Crore Expansion Plan |
| Adani Ports | Acquires Maritime Stake |
| Vodafone Idea | Plans Rs 4,730 Crore Fundraise |
| UNO Minda | EV Powertrain Facility |
| Coal India | MCL Listing Approved |
Tata Steel reported a massive 146.9 per cent jump in quarterly profit to Rs 2,965 crore compared to Rs 1,200.9 crore last year. Revenue also posted healthy growth, rising 12.5 per cent year-on-year to Rs 63,270.1 crore.
Profit Declines Despite Revenue Growth
Balrampur Chini Mills posted a 30 per cent fall in consolidated net profit to Rs 159.56 crore during the January-March quarter. However, the company’s total income increased 7 per cent year-on-year to Rs 1,616.23 crore.
Godfrey Phillips delivered strong quarterly numbers with profit surging 86.7 per cent to Rs 521.4 crore from Rs 279.3 crore a year ago. Revenue also witnessed solid growth, increasing 13.6 per cent to Rs 1,787.3 crore.
Strong Quarter Performance
SAIL
Profit Jumps Nearly 47 per cent
Steel Authority of India Ltd (SAIL) reported a sharp 46.6 per cent rise in quarterly profit to Rs 1,835.5 crore from Rs 1,252 crore a year earlier. Revenue also grew 5.1 per cent year-on-year to Rs 30,813.5 crore.
Logistics major Delhivery reported a marginal decline in net profit to Rs 72.39 crore in the March quarter against Rs 72.55 crore a year ago. The company’s total income stood at Rs 2,909 crore.
HFCL
Bags Overseas Optical Fibre Order
Telecom equipment maker HFCL has secured an overseas order worth USD 11.07 million, approximately Rs 106 crore, for the supply of optical fibre cables.
IRFC
Targets Rs 1 Lakh Crore Loan Sanctions
Indian Railway Finance Corporation (IRFC) has set an ambitious target of crossing Rs 1 lakh crore in loan sanctions during the current financial year.
Rs 3,500 Crore Expansion Plan
Real estate developer Signature Global plans to invest around Rs 3,500 crore this fiscal year on land acquisitions in Gurugram and construction activities.
Subsidiary Acquires Maritime Stake
Adani Ports and Special Economic Zone announced that its subsidiary, Adani Harbour International FZCO, will acquire a 51 per cent stake in Meridian Transportes Marítimos SA.
Plans Rs 4,730 Crore Fundraise
Telecom operator Vodafone Idea plans to raise Rs 4,730 crore from a Singapore-based entity linked to promoter Aditya Birla Group.
To Set Up EV Powertrain Facility
Auto components maker UNO Minda will establish a greenfield manufacturing facility for electric four-wheeler powertrains in Maharashtra. The company plans to invest Rs 550 crore in the Chhatrapati Sambhajinagar plant.
DIPAM Clears MCL Listing Plan
DIPAM has approved the listing of Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India, through a fresh equity issue. The proposal also includes the disinvestment of up to 25 per cent of Coal India’s stake in MCL via a public offering in domestic markets.
(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.)
