As the trading week resumes after a break for Maharashtra Day on May 1, the Indian stock markets are abuzz with activity once again. With a flurry of earnings reports and sales data released, investors are keenly watching several key players in the market. From Tata Motors facing a sales slump to Federal Bank exceeding profit expectations, today’s trading session promises to be eventful. Here’s a detailed look at the stocks making headlines for May 2, 2025.
Market Overview: A Quiet Close
On April 30, Indian stock indices experienced a subdued trading session, ending slightly lower. The Sensex dropped by 46 points, closing at 80,242, while the Nifty ticked down nearly 2 points to finish at 24,334. This dip signals cautious sentiment among investors as they digest recent corporate updates.
Key Stocks to Watch on May 2, 2025
Tata Motors: Sales Decline
Tata Motors, a major player in India’s automotive sector and the parent company of Jaguar Land Rover, reported a 6% drop in total sales for April, with figures falling to 72,753 units from 77,521 units in the same month last year. Domestic sales also took a hit, decreasing by 7% to 70,963 units as the company navigates challenging market conditions.
Infosys: Strategic Acquisition
In the IT sector, Infosys has successfully finalized its acquisition of MRE Consulting, bolstering its presence in the United States, particularly in the energy, manufacturing, and financial services sectors. This move underscores Infosys’s strategic focus on enhancing its service offerings in key industries.
Federal Bank: Strong Q4 Performance
On the banking front, Federal Bank reported impressive quarterly results, showcasing a 13.7% year-on-year increase in net profit, reaching Rs 1,030.2 crore. However, its net interest income (NII) of Rs 2,377.4 crore fell short of analyst expectations, indicating some challenges ahead.
JSW Energy: Green Initiative
JSW Energy is making waves with its green energy initiatives. The company’s subsidiary, JSW Neo Energy, has entered into a significant agreement with the Uttar Pradesh Power Corporation Ltd (UPPCL) to provide 1,500 MW/12,000 MWh of pumped hydro storage power. This initiative aligns with India’s commitment to expanding renewable energy sources.
GR Infraprojects: Infrastructure Development
In the infrastructure sector, GR Infraprojects announced a major milestone, with its subsidiary Agra Gwalior Highway signing a concession agreement worth Rs 4,262.78 crore with the National Highways Authority of India (NHAI). This project aims to enhance connectivity between Agra and Gwalior, aligning with the government’s Bharat Mala initiative for infrastructure development.
One MobiKwik: Fintech Advancement
In fintech news, One MobiKwik Systems has received approval from the Reserve Bank of India for its subsidiary Zaak ePayment Service (Zaakpay) to operate as an Online Payment Aggregator. This authorization allows Zaakpay to facilitate digital payments for B2B clients across multiple channels.
Puravankara: Fundraising Plans
The real estate company Puravankara is planning a board meeting on May 6 to discuss raising Rs 300 crore through the issuance of secured, redeemable, unlisted, and unrated non-convertible debentures (NCDs) via private placement. This move aims to strengthen its financial position.
Punjab Housing Finance: Shareholder Changes
In the financial services arena, Punjab Housing Finance may undergo a significant shift in its shareholder structure. Reports indicate that Quality Investment Holdings PCC is looking to divest its 10.44% stake through a block deal, with a floor price set around Rs 960 per share.
NCC: New Contracts Secured
NCC, a prominent player in infrastructure development, has announced securing new contracts worth Rs 1,663 crore throughout April 2025, further solidifying its market position.
Sundram Fasteners: Earnings Decline
Sundram Fasteners, known for its automotive components, reported a 6.9% year-on-year decline in net profit for Q4 FY25, amounting to Rs 124.4 crore. Despite a 4.4% increase in revenue to Rs 1,530.6 crore, the company faced pressure on margins, with EBITDA dropping by 1.4%.
Upcoming Earnings Reports
As investors prepare for the day’s trading, several companies are set to release their quarterly results. Notable names include Marico and Godrej Properties, along with Archean Chemical, Aether Industries, and Tatva Chintan. Additionally, banks like City Union Bank and Indian Overseas Bank will reveal their performance metrics from the previous quarter. Other companies to keep an eye on include Gravita India, Jindal Saw, Latent View, Parag Milk Foods, PNB Gilts, R R Kabel, Sanofi Consumer Healthcare, Subex, Sunteck Realty, and V-Mart Retail.
With a busy trading day ahead and several key announcements on the horizon, investors should stay alert and ready to navigate the evolving market landscape.
