Indian share markets is expected to have a cautious-to-negative opening today, May 13, 2025, with mixed global cues and investors keeping an eye out for major earnings announcements. The GIFT Nifty suggested a flat to negative opening, with early sentiment showing uncertainty. Despite the strong rebound yesterday, the market action is still range-bound with investors considering global economic cues, geopolitical events, and local corporate performances. Today's trading session is likely to be guided by Q4 company earnings of key players such as Tata Steel, Bharti Airtel, Cipla, and Tata Motors and macroeconomic data updates, which may lead to further volatility.
Paytm shares would be in focus today. Alibaba-backed Antfin is said to sell as much as a 4% stake in the financial technology firm in block deals. The sale, worth over Rs 2,000 crore, could dilute Antfin's holding and draw attention to its future plans in the Indian market. The shares are said to be offered at a discount with a floor price of Rs 809.75 per share.
Tata Steel has reported a consolidated net profit of ₹1,201 crore for the March 2025 quarter separately. Steel major's revenues' increase was mostly due to a rise in other income and decrease in exceptional losses.
Gensol Engineering came into the limelight after its Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi stepped down. This comes close to a month after market regulator SEBI allegedly barred them from taking senior management roles.
Bajaj Electricals' net profit doubled to Rs 59.05 crore during the March quarter from the year-ago period. The company's revenue during the quarter also increased 6.5%, and the board of directors declared a dividend of Rs 3 per share.
Reliance Power's green energy unit won the biggest share in SJVN's solar and battery storage auction**. The firm secured 350 MW of solar capacity and 175 MW of battery storage, which is a major step in its clean energy growth.
Carborundum Universal posted a steep fall in net profit, down 79% year-on-year to Rs 30 crore. Even as there was marginal revenue growth, increased raw material prices and operational inefficiencies affected margins.
Apart from Paytm, stake sales are also on the cards in KFin Technologies and Other Industries. Private equity major General Atlantic, which is headquartered in the US, is planning to sell as much as 6.9% of its holding in KFin Technologies through block deals. Also, promoter Purnima Desai is likely to sell up to 6.77% of her holding in Other Industries under an Offer for Sale (OFS) today and tomorrow.
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