Stocks to watch Today, May 5, 2026: Indian stock markets closed in the green on Monday, May 4, with both BSE Sensex and Nifty 50 posting gains.

During the day, both indices jumped more than 1%. However, some of these gains were reduced toward the end of the session as investors booked profits while crude oil prices rose by over 1%.

By the close, the Sensex had climbed 356 points, or 0.46%, to finish at 77,269.40. Meanwhile, the Nifty 50 gained 122 points, or 0.51%, ending the session at 24,119.30.

Despite Monday's positive close, the market may struggle to continue its upward trend. Early signals from GIFT Nifty suggest a mixed-to-weak opening on Tuesday. The index was trading near 23,032, down by over 11.50 points compared to the previous close of Nifty futures.

"Indian equity markets are likely to trade with a cautious bias, as renewed tensions between U.S. and Iranian forces weigh on investor sentiment. Brent crude remains elevated in the $104-107 range, sustaining concerns around potential supply disruptions and reinforcing inflationary pressures."

Stocks in Focus for May 5

Several companies are expected to remain in the spotlight as they announce their quarterly earnings or report key developments. Shares of Larsen & Toubro, Mahindra & Mahindra, Hero MotoCorp, and Coforge will be closely tracked as these firms are set to release their Q4 results.

Company Performance Highlights

• Tata Technologies reported steady growth in the March quarter. Its net profit rose 8.1% to ₹204 crore from ₹189 crore a year ago. However, margins saw a slight decline on a yearly basis.
• Petronet LNG delivered a strong quarterly performance. Even though revenue declined, profit jumped 57.7% to ₹1,338 crore. EBITDA also surged 55.3% to ₹1,861.6 crore.
• KEI Industries posted robust growth. Profit increased 25.5% to ₹284 crore, while revenue rose 19.3% to ₹3,476.3 crore, driven by strong demand in infrastructure and industrial sectors.
• LG Balakrishnan & Bros showed mixed results. Its profit after tax fell 17% to ₹70 crore, but revenue grew 21.8% to ₹815 crore. EBITDA rose 13.2%, though margins narrowed to 14.17%.
• Computer Age Management Services (CAMS) recorded steady gains. Profit increased 10.9% to ₹126 crore, while revenue rose 11% to ₹395.2 crore. EBITDA climbed 14.9%, with margins at 46.3%.
• Manappuram Finance delivered a strong turnaround. It posted a profit of ₹404 crore, compared to a loss of ₹191 crore in the same quarter last year. Net Interest Income grew 2.6% to ₹1,504.3 crore.
• Wockhardt also reported a sharp recovery. The company moved from a ₹45 crore loss last year to a profit of ₹164 crore. Revenue increased 30% to ₹965 crore, with EBITDA at ₹225 crore and operating margin at 23.3%.
• Jindal Stainless posted strong growth, with net profit rising 43% year-on-year to ₹844 crore from ₹591 crore.
• IndiGo has appointed Jochen Hoesch, former head of artificial intelligence at Airbus, to lead its AI, data, and analytics functions. This move reflects the aviation sector's growing focus on technology to improve efficiency, especially as costs like jet fuel continue to rise.