Stocks to Watch Today, 2nd May 2025: Adani group, Federal bank, Zomato, and More
Indian equities are expected to open higher on Friday, 2 May, as trading resumes following a public holiday for Maharashtra Day. The sentiment is likely to be supported by strong cues from global markets, including a rally on Wall Street driven by robust earnings from major technology firms. Benchmark indices ended April with gains of approximately 3.5%, underpinned by broad-based buying and improving risk appetite.
Key Stocks in Focus
Adani Group: Adani Ports logged a strong 48% jump in consolidated net profit in Q4 FY25 at ₹3,014 crore, driven by higher income and revenue. Flagship company Adani Enterprises too registered a 756% year-on-year increase in consolidated net profit to ₹3,845 crore in the quarter ended March 30, 2025.
Federal Bank witnessed its Q4 net profit increase by 13.7% yoy to ₹1,030.2 crore, even if the net interest income was a little off estimates. Q4 PAT was weighed down by high provisioning but witnessed good growth in funded assets and deposits, expecting RoA to hit 1% by the end of FY26E.
Phoenix Mills, a Mumbai-based real estate developer, posted a 17.7% YoY drop in net profit to ₹268.8 crore in Q4FY25, compared to ₹326.7 crore in Q4FY24. Revenue also declined 22.2% YoY to ₹1,016.3 crore. EBITDA fell 10.7% to ₹559.6 crore. The weaker performance was attributed to a slowdown in leasing and development activity.
Zomato or Eternal, which owns the Zomato and Blinkit brands, yesterday reported a consolidated net profit of ₹39 crore for Q4FY25. The online platform also announced that it was shutting its Zomato Quick and Everyday businesses. The company, which rebranded itself from Zomato to Eternal in March, had reported a net profit of ₹175 crore in the year-ago period. The filing showed that Eternal's operating revenue in the January-March quarter stood at ₹5,833 crore against ₹3,562 crore a year ago.
Mahindra & Mahindra Financial Services reported in-line FY25 performance with 17% AUM growth and management guidance for better NIM and RoA.
Auto Sector in Focus
Auto shares are likely to remain active with the announcement of April sales data. Market leader Maruti Suzuki India posted a 1% year-on-year growth in domestic dispatches for April 2025. Tata Motors posted a 6% fall in overall sales in April 2025 compared with last year. Hyundai Motor India posted overall sales of 60,774 units during April and crossed 90 lakh domestic sales till date. Mahindra and Mahindra's utility vehicle sales jumped by 28% domestically in April. TVS Motor Company posted a 16% growth in sales during April 2025. Royal Enfield, which is a part of Eicher Motors, witnessed its total sales rise by 6% in April.
Other players with significant developments include:
Infosys has finalized the takeover of MRE Consulting, bolstering its US presence.
JSW Energy's subsidiary has entered into a Pumped Hydro Storage Power Procurement Agreement. One MobiKwik's subsidiary, Zaakpay, has got RBI approval to operate as an Online Payment Aggregator.
NBCC India and NCC have made announcements of receiving new orders for work and winning contracts, respectively. Puravankara has announced a board meeting to consider raising ₹300 crore via NCDs.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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