Stocks to Watch Today,12 May 2025: Tata Steel,Dr Reddy's Laboratories,and other more
Indian equity markets will open today with investors closely monitoring a slew of stocks driven by recent corporate results, business news, and continuing geopolitical events. After losing steam last week amidst increasing Indo-Pak tensions, market players expect the Sensex and Nifty to get back to their upward momentum. Though market mood was subdued on Friday due to border tensions, certain sectors such as industrials, capital goods, consumer durables, and metals were able to remain upbeat.
Key Stocks in Focus
Tata Steel: The steel major will declare its Q4 FY25 numbers today, which the Street will be watching eagerly.
Dr Reddy's Laboratories: The pharma player saw a 22% year-over-year rise in net profit for Q4 FY25 to ₹1,594 crore from ₹1,307 crore during the same quarter last year. The favorable earnings can be expected to attract interest in the stock.
Swiggy: The financials of the food delivery platform are in the limelight after a sharp increase in its fourth quarter net losses. Losses almost doubled to ₹1,081 crore, up from ₹554 crore in the previous year, which could affect investor sentiment, more so with its plans for listing through an IPO being a major area of interest. Yet, Swiggy's top line did increase 45% year-on-year to ₹4,410 crore, led by food delivery and Instamart, although EBITDA losses increased as well.
Adani Power: Adani Power has won a deal to provide 1,500 MW of thermal power to the state of Uttar Pradesh. Adani Power was the lowest bidder for the project, quoting a levelised tariff of ₹5.383 per unit. This power will be provided from a new ultra-supercritical thermal plant built under a DBFOO model.
State Bank of India (SBI): SBI's board has sanctioned the sale of a 13.19% stake in private lender Yes Bank. Japan's Sumitomo Mitsui Banking Corporation (SMBC) will pick up this stake as part of a bigger transaction to acquire a 20% stake in Yes Bank for ₹13,483 crore at ₹21.5 per share. The transaction also includes seven other banks selling stakes.
Bank of India: State-owned lender posted an impressive 82% increase in its net profit for Q4 FY25 to ₹2,626 crore. The numbers were greatly boosted by strong recoveries and gains on previously written-off accounts.
Canara Bank:Struggling to grow deposits, the bank collected ₹16,700 crore in ten weeks by ordering its 82,000 staff to lend a hand in raising funds.
GAIL (India) Ltd:The government-owned gas utility has inked a memorandum of understanding with the Karnataka government to explore setting up renewable energy projects in the state with a potential capacity of up to 1 gigawatt.
NTPC Green Energy: The group's renewable business arm has declared the immediate appointment of Sarit Maheshwari as its new Chief Executive Officer, replacing Rajiv Gupta.
TVS Motor: CEO KN Radhakrishnan has shown optimism about the home two-wheeler market, expecting the growth to continue this fiscal year. Income tax relief, higher spending on infrastructure, and hopes of a normal monsoon season have been identified as supportive factors for demand.
Raymond Lifestyle: Sameer Shah has resigned as Chief Financial Officer for personal reasons, his resignation effective from July 31.
Manappuram Finance: Gold loan and NBFC player announced a surprise Q4 FY25 loss of ₹203.2 crore, courtesy mostly of the extremely high growth in impairment cost, which ran at ₹919 crore. Even the Net Interest Income dipped marginally by around 7%.
Reliance Power:The Anil Ambani group company reported a consolidated net profit of ₹126 crore for the quarter ended March, a reversal from a loss in the year earlier. The profit was largely due to lower expenses.
BEML: The heavy equipment and defence business has announced a second interim dividend of ₹15 per share for FY25. It also recorded a 19% quarter-on-quarter increase in revenue at Q4 to ₹726 crore.
ACME Solar: The renewable energy company has initiated power generation from the initial phase (52.5 MW) of its 300 MW Sikar Solar Project in Rajasthan. The entire project is likely to produce 780 million units a year once up and running.
Union Bank: The government lender logged a healthy 51% net profit increase for the recent quarter at ₹4,984.9 crore. The expansion was led by other income increases.
Apart from Tata Steel, other firms due to release their Q4 FY25 results today are SRF, UPL, Krishna Institute of Medical Sciences, Vijaya Diagnostic Centre, Chalet Hotels, PVR INOX, Raymond, Ather Energy, Bajaj Electricals, Happiest Minds Technologies, and CARE Ratings, among others. These will be keenly watched by investors.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here.