Stocks to Watch Today, 29th May 2025: SAIL, IndusInd Bank and More
Indian benchmark indices are likely to open on a positive note, supported by favorable global market cues. Early indicators point to a strong start for local equities. The GIFT Nifty, often seen as a predictor of the Nifty 50’s performance, was up by 66 points, or 0.27%, at 24,829.
Domestic Market Recap
In the last trading session, benchmark indices closed in the red, with the BSE Sensex declined by 239.31 points, or 0.29%, to settle at 81,312.32. Similarly, the Nifty 50 fell by 73.75 points, or 0.3%, ending at 24,752.4.
Despite the overall weakness in the broader market, institutional activity remained robust. Foreign Institutional Investors (FIIs) emerged as net buyers, mopping up equities worth ₹4,662.92 crore. Domestic Institutional Investors (DIIs) also maintained their bullish stance, with net purchases amounting to ₹7,911.99 crore.
Stock to Watch Today
SAIL (Steel Authority of India): The state-run steel major reported an 11.1 per cent increase in consolidated net profit for Q4FY25, reaching ₹1,251 crore, up from ₹1,125.68 crore in the same quarter last year. Its revenue also grew by 4.9% to ₹29,316 crore.
IndusInd Bank: The private sector bank is in the spotlight after the capital markets regulator, Sebi, prohibited former CEO Sumant Kathpalia and four other top officials from trading in shares. This comes following charges of insider trading related to a large accounting mismatch.
IRCTC (Indian Railway Catering and Tourism Corporation): IRCTC registered a strong 26.1 per cent year-on-year growth in net profit during Q4 FY25, at ₹358 crore versus ₹284 crore during the corresponding period of previous year. Revenue from operations increased 10 per cent to ₹1,268 crore.
Tata Chemicals: Tata Sons Chairman N Chandrasekaran will resign as chairman and director of Tata Chemicals today, May 29, 2025. S Padmanabhan will assume the role of the new chairman on May 30, 2025.
LTIMindtree: The IT service company has joined hands with Aramco Digital, a Saudi Arabian oil major Aramco's unit, to open a new IT services company NextEra in Saudi Arabia. The strategic initiative is intended to strengthen LTIMindtree's foothold in the Middle East region.
Reliance Power's: subsidiary has been awarded a Letter of Award (LoA) by SJVN for a Solar and Battery Energy Storage System (BESS) project. The project increases the capacity of the firm's clean energy pipeline to 2.4 GW of Solar DC and more than 2.5 GWH of BESS capacity.
HG Infra Engineering: HG Infra Engineering has been awarded a Letter of Intent (LoI) by Gujarat Urja Vikas Nigam Ltd to develop a 300 MW/600 MWh standalone BESS project in Gujarat.
Coal India: The government-owned miner has been appointed the "Preferred Bidder" of the Oranga-Revatipur Graphite and Vanadium Block in Chhattisgarh, as it makes a step towards diversification of its resource base.
Deepak Nitrate: The firm reported a 20% fall in Q4 net profit to ₹202 crore even as its revenue rose slightly 2% to ₹2,180 crore.
Natco Pharma: The company Reported a 5% jump in Q4 net profit to ₹406 crore, with revenue growing 16% to ₹1,287.3 crore and EBITDA to ₹548 crore. Profit margins, however, fell marginally.
Bata India: The footwear major reported a 27.7% fall in Q4 net profit to ₹46 crore, with revenue falling marginally. Operating profit and profit margins also fell sharply.
RITES (Rail India Technical and Economic Service): RITES has entered into an MoU with Shree Cement to engage in railway infrastructure development projects and services related thereto.
Gensol Engineering: The firm is facing proceedings initiated by the Ahmedabad bench of the NCLT regarding allegations of corporate fraud and governance failures.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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