The GIFT Nifty indicates that the Indian stock markets will likely open on a higher note. If you’re unsure which stock to focus on in Friday’s trade. Here are updates on all the stocks making headlines. You can check these stocks to stay informed about all the key developments.
Earlier on Thursday, the NSE Nifty 50 closed the session 204 points or 0.82% lower at 24,609.70, while the BSE Sensex fell 645 points or 0.79% to close at 80,952.
Stocks to watch on May 23, 2025
ITC
ITC reported a sharp surge in net profit for the January-March quarter, driven by a one-time exceptional gain linked to the demerger of its hotels business. The firm posted a consolidated net profit of Rs 19,727.4 crore, up 285% year-on-year. However, the figure included a one-time gain of Rs 15,179 crore from discontinued operations, primarily due to the separation of ITC Hotels. Excluding the exceptional item, the adjusted net profit rose a modest 0.8% to Rs 4,875 crore, falling short of the Bloomberg estimate of Rs 4,935 crore. The muted earnings performance reflects subdued consumption trends and steep input cost inflation, particularly in the fast-moving consumer goods (FMCG) segment.
TeamLease Services
TeamLease Services reported a 27% year-on-year rise in its fourth-quarter consolidated net profit to Rs 34.96 crore, driven by steady demand for staffing services across different sectors. The company reported a net profit of Rs 27.48 crore in the same period last year. The company’s total revenue went up by 17.5%, reaching Rs 285.8 crore.
TCS
Tata Consultancy Services (TCS) has signed a five-year deal with DNA, a major telecom provider in Finland. The goal is to speed up DNA’s cloud transformation plan. As part of the agreement, TCS will help move up to 80% of DNA’s business applications to the public cloud by the year 2030. This continues the long partnership between the two companies, which has lasted 17 years.
Honasa Consumer
Honasa Consumer reported an 18% fall in its net profit for the fourth quarter of FY25 to Rs 25 crore, but beat the street estimates of Rs 17.3 crore, amid strong growth in core categories. In the same quarter last year, the company’s profit stood at Rs 30 crore. The revenue from operations were also in line with the street expectations and rose around 13.3% to Rs 533.56 crore from Rs 471 crore earlier.
ONGC Videsh
ONGC Videsh, the overseas arm of state-owned ONGC, expects to complete its offshore gas exploration project in Mozambique by late 2027 or early 2028, its managing director, Rajarshi Gupta, said in an analyst call. “In Mozambique, we are doing very well and the work has already started. We expect force majeure to be removed anytime now and all the vendors are in place. So we are confident that by late 2027 or early 2028, we should commission this,” he said.
Lloyds Engineering
Lloyds Engineering received an order worth Rs 20.67 crore from Cochin Shipyard for naval equipment. The company would provide the Fin Stabilizer for the Next Generation Missile Vessels of the largest shipbuilding company of India. Cochin Shipyard had earlier in 2023 signed a deal with the Indian Navy to manufacture six Next Generation Missile Vehicles. The estimated cost of the deal is about Rs 9804 crore.
Ola Electric
Ola Electric Mobility said its board has approved a proposal to raise up to Rs 1,700 crore through the issuance of non-convertible debentures (NCDs) or other eligible debt securities. The fundraising will be done in one or more tranches through private placements or other permissible methods under applicable laws.
The Ramco Cements
The Ramco Cements on Thursday reported a 74.5% YoY decline in net profit at Rs 31 crore for the fourth quarter that ended on March 31, 2025. In the corresponding quarter of the previous fiscal, Ramco Cements posted a net profit of Rs 121.4 crore. The company’s revenue from operations dipped 10.5% to Rs 2,392 crore as against Rs 2,673 crore in the corresponding period of the preceding fiscal.
Grasim Industries
Flagship firm of Aditya Birla Group, Grasim Industries, reported a net loss of Rs 288 crore for Q4FY25, narrowing from Rs 441 crore in the year-ago quarter. Its revenue from operations increased 31.9% YoY to Rs 8,926 crore. The strong top-line performance was driven by robust growth in both core and new businesses.