The Indian stock market has entered a cautious zone. Ongoing tension between India and Pakistan, alongside a flurry of earnings announcements and other developments, investors are keeping a close watch on host of factors. From leadership changes and billion-dollar deals to dividend announcements and Q4 earnings – here are s9tocks that will be in focus in today.
Market recap
Rising tensions along the India-Pakistan border dampened market sentiment on Friday, May 9, triggering a broad sell-off across sectors. While pockets like industrials, capital goods, consumer durables, and metals managed to stay afloat, most other sectoral indices closed in the red.
Stocks to watch on May 12, 2025
Yes Bank
Yes Bank made headlines as Sumitomo Mitsui Banking Corporation of Japan agreed to acquire a 20% stake in the lender for Rs 13,483 crore at Rs 21.5 per share. The deal includes stake sales by SBI (13.19%) and seven other banks including HDFC Bank, ICICI, Kotak Mahindra, and others.
Adani Power
Adani Power is in the spotlight after it emerged as the lowest bidder to supply 1,500 MW of thermal power to Uttar Pradesh. The power will be delivered from a greenfield ultra-supercritical thermal plant, to be developed under the DBFOO (Design, Build, Finance, Own, and Operate) model. The company clinched the contract at a levelised tariff of Rs 5.383/unit, giving it a competitive edge.
Swiggy
Swiggy reported a wider net loss of Rs 1,081 crore in the March quarter, almost double compared to the same period last year. However, revenue grew 45% YoY to Rs 4,410 crore, driven by growth in food delivery and Instamart. EBITDA losses also widened to Rs 962 crore.
Manappuram Finance
Gold loan and NBFC player Manappuram Finance reported a surprise loss of Rs 203.2 crore in Q4FY25, mainly due to a steep rise in impairment costs. Impairments surged to Rs 919 crore, more than 4x the amount a year ago. NII also slipped by nearly 7%.
Reliance Power
Reliance Power, part of Anil Ambani’s group, surprised markets with a Q4FY25 profit of Rs 125.6 crore, compared to a loss of Rs 397.6 crore last year. While revenue dipped slightly, operating profit (EBITDA) jumped more than 11 times to Rs 589.8 crore.
BEML
BEML, a key player in defence and heavy equipment, has announced a second interim dividend of Rs 15/share for FY25. The company also posted a 19% QoQ rise in revenue, reaching Rs 726 crore in Q4.
NTPC Green
NTPC’s renewable arm, z, has appointed Sarit Maheshwari as the new CEO and Key Managerial Personnel, replacing Rajiv Gupta.
ACME Solar
Renewables firm ACME Solar has begun generating power from the first 52.5 MW phase of its 300 MW Sikar Solar Project in Rajasthan. Once fully operational, it is expected to generate 780 million units annually.
Union Bank
Public sector lender Union Bank of India delivered a strong performance in the latest quarter, posting a 51% jump in net profit to Rs 4,984.9 crore. The growth was boosted by other income, which grew to Rs 5,509 crore.
Key earnings to watch on May 12
A host of companies across sectors are slated to announce their financial results on May 12, making it a crucial day for market watchers. From heavyweights like Tata Steel, SRF, and UPL to firms in the healthcare, diagnostics, and hospitality space such as Krishna Institute of Medical Sciences, Vijaya Diagnostic Centre, and Chalet Hotels, a broad spectrum of businesses will be in focus. Other notable names include PVR INOX, Raymond, Ather Energy, Bajaj Electricals, Happiest Minds Technologies, and CARE Ratings, among many others.