Stocks to watch today, May 12: Indian equities are likely to see stock-specific action on May 12, with several companies reporting Q4 earnings and key corporate developments.
Indian Hotels, JSW Energy, Heritage Foods, Canara Bank, Paradeep Phosphates, and PVR INOX announced their quarterly results, showing mixed performance across sectors. Meanwhile, Persistent Systems, HFCL, Bharat Forge, Adani Ports, BSE, Coal India, and Afcons Infrastructure remained in focus due to mergers, orders, leadership changes, index launches, and large project wins.
Here's a list of stocks to watch in today's trading session:
Stocks to watch today
| Stocks in focus | Why in focus |
| Indian Hotels Company | Profit rises 14.8% to Rs 599.9 crore; revenue up 14% |
| JSW Energy | Profit declines 9% despite 41% revenue surge |
| Heritage Foods | Profit drops 36.7% as revenue grows 10.4% |
| Canara Bank | Net profit falls ~10% in Q4 |
| Paradeep Phosphates | Profit slips 9.6% amid 12.1% revenue growth |
| PVR INOX | Profit at Rs 186.4 crore; revenue up 25.8% |
| Persistent Systems | NCLT approves merger of subsidiary |
| HFCL | Wins export orders worth Rs 183.95 crore |
| Bharat Forge | Signs long-term deal with Embraer |
| Adani Ports | Ports CEO resigns, effective May 31 |
| BSE | Launches F&O on Focused IT Index |
| Coal India | Coal offerings fall 6% month-on-month |
| Afcons Infrastructure | Emerges L1 bidder for Rs 7,544 crore project |
Indian Hotels Company Q4 Update
Indian Hotels Company reported a profit of Rs 599.9 crore against Rs 522.3 crore last year. Revenue rose 14 per cent to Rs 2,765.3 crore from Rs 2,425.1 crore
JSW Energy Q4 Update
JSW Energy reported a profit of Rs 371.6 crore against Rs 408 crore last year. Revenue surged 41 per cent to Rs 4,498.6 crore from Rs 3,189.4 crore
Heritage Foods Q4 Update
Heritage Foods reported a profit of Rs 24.2 crore against Rs 38.2 crore last year. Revenue grew 10.4 per cent to Rs 1,157.6 crore from Rs 1,048.5 crore
Canara Bank Q4 Update
Canara Bank reported a consolidated net profit of Rs 4,574.23 crore against a 9.88 per cent decline year-on-year. On a standalone basis, profit fell 9.94 per cent YoY to Rs 4,505.57 crore
Paradeep Phosphates Q4 Update
Paradeep Phosphates reported a profit of Rs 155.6 crore against Rs 172.2 crore last year. Revenue rose 12.1 per cent to Rs 4,702 crore from Rs 4,194 crore
PVR INOX Q4 Update
PVR INOX reported a consolidated net profit of Rs 186.4 crore. Revenue from operations rose 25.8 per cent year-on-year to Rs 1,547.3 crore
Corporate Update
Persistent Systems
NCLT Approves Merger
NCLT clears merger of subsidiary Arrka Infosec Private Limited with Persistent Systems
HFCL
Wins Export Orders Worth USD 19.32 Million
HFCL secures optical fibre cable export orders worth about Rs 183.95 crore
Bharat Forge
Signs Long-Term Deal with Embraer
Bharat Forge to supply critical landing gear forgings to Embraer for aircraft programmes
Adani Ports
CEO (Ports) Resigns
Pranav Choudhary steps down as CEO, Ports at Adani Ports, effective May 31
BSE
Launches F&O on IT Index
BSE introduces futures and options on BSE Focused IT Index
Coal India
Coal Offer Drops 6 per cent MoM
Coal India offers 30.5 million tonnes in April auctions, down 6 per cent from March
Afcons Infrastructure
Emerges L1 Bidder
Afcons Infrastructure selected as L1 bidder for Rs 7,544 crore European railway project.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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