Top 8 Stocks to Watch: Insights on Coforge, Swiggy, BSE, Godrej Consumer, and More!

The stock market is poised for significant fluctuations following India’s recent launch of Operation Sindoor, targeting terror camps in Pakistan. Investors are closely monitoring developments, as this geopolitical move could influence market sentiment. As you prepare for trading on Wednesday, it’s essential to stay updated on the stocks that are gaining traction. Here’s a roundup of key companies making headlines and what you need to know.

Market Overview

On Tuesday, the NSE Nifty 50 index dropped by 82 points, or 0.33%, closing at 24,380. Meanwhile, the BSE Sensex saw a decline of 156 points, or 0.19%, finishing at 80,641. These declines reflect investor caution amid the changing political landscape.

Notable Stocks to Watch on May 7, 2025

Coforge

Coforge is on track to achieve robust growth in FY26, driven by a strong pipeline of large contracts and increasing demand for AI-driven solutions. In a recent interview, Sudhir Singh, the CEO, expressed optimism about the company’s performance, highlighting consistent profitability and broad-based growth despite ongoing global economic challenges.

Swiggy

Swiggy, a prominent food delivery service, has officially exited its private label segment by transferring exclusive licensing rights of its digital-first food brands to Kouzina, a food service provider. This strategic pivot allows Swiggy to sharpen its focus on innovations in quick commerce and enhance its food delivery services.

Hindustan Petroleum

Hindustan Petroleum Corporation (HPCL) reported an impressive 18% increase in standalone net profit, reaching Rs 3,355 crore for Q4FY25, attributed to strong marketing margins. However, this figure represents an 11% sequential decline from Q3FY25, where profits stood at Rs 3,023 crore, while revenue from operations fell 2% year-on-year to Rs 1.18 lakh crore.

KPIT Technologies

In a significant move, KPIT Technologies has acquired the Engineering Solutions division of Caresoft Global for $191 million. This acquisition aims to bolster KPIT’s presence in the truck and off-highway engineering sector and marks a strategic entry into the Chinese market. The deal includes a $25 million contingent payment based on performance milestones.

Bajaj Auto

Bajaj Auto faced challenges in April as its retail market share in the domestic two-wheeler sector dropped to a 30-month low. Data from the Federation of Automobile Dealer Associations (FADA) indicated a decline to 10.85%, the lowest since October 2022, when the share was 9.98%. This shift has seen Honda Motorcycle and Scooter India (HMSI) surpass Bajaj in market position.

Paytm

One97 Communications, the parent company of Paytm, announced its fourth-quarter earnings report, revealing a narrowed loss of Rs 539.80 crore, compared to Rs 549.60 crore in the same quarter of FY24. However, this loss widened from Rs 208.3 crore in the previous quarter, primarily due to a one-time employee stock option expense.

Godrej Consumer Products

Godrej Consumer Products (GCPL) bounced back to profitability in the quarter ending in March, reporting a consolidated net profit of Rs 412 crore against a loss of Rs 1,893 crore in the previous year. While this turnaround is promising, the figures fell short of market expectations. The company’s consolidated revenue grew 6.2% to Rs 3,598 crore.

BSE Performance

The Bombay Stock Exchange (BSE) reported a staggering 364% increase in net profits, reaching Rs 493.04 crore for Q4FY25, compared to Rs 106.16 crore in the same quarter last year. The exchange’s operational revenue surged 75%, amounting to Rs 847 crore.