The stock market is showing signs of stabilizing after a period of intense fluctuations triggered by recent actions from U.S. President Donald Trump. If you’re looking to navigate Thursday’s trading landscape, it’s crucial to stay updated on the stocks making waves. Below, we highlight key developments that could impact your investment decisions.
Market Overview
On Friday, the NSE Nifty 50 ended the day marginally higher, gaining 12.5 points or 0.05%, reaching 24,347. Meanwhile, the BSE Sensex climbed 260 points or 0.32%, closing at 80,502. These movements indicate a cautious optimism among investors following a tumultuous period.
Key Stocks to Watch on May 5, 2025
State Bank of India
The State Bank of India (SBI), known as the largest lender in the country, reported a 10% decline in its net profit for Q4 FY25, totaling ₹18,643 crore, down from a record high of ₹20,698 crore in Q4 FY24. This downturn is attributed to a tightening net interest margin. However, the bank’s net interest income saw a 2.7% increase, reaching ₹42,775 crore, compared to ₹41,655 crore the previous year.
- Dividends: SBI has announced an annual dividend of ₹15.90.
Adani Enterprises
Adani Enterprises (AEL) has revealed a capital expenditure plan of ₹36,000 crore for FY26 during its recent earnings call, which is lower than earlier forecasts. This reduction follows significant downward revisions in its capex for the last two fiscal years. The firm previously announced a five-year plan involving a staggering $49 billion expenditure, averaging around ₹80,000 crore annually.
Gensol Engineering
In a related development, BluSmart driver-partners staged protests across Delhi-NCR, calling for compensation and alternative job opportunities after the electric ride-hailing service abruptly ceased operations. The sudden shutdown has left many drivers seeking clarity and support from the company.
Tata Consultancy Services
Tata Consultancy Services (TCS) is teaming up with IBM to propel the quantum technology sector in India. Their collaboration is centered around the Quantum Valley Tech Park in Amaravati, which will feature the IBM Quantum System Two—the largest quantum computer in India, boasting a 156-qubit Heron quantum processor.
Swiggy
On Friday, Swiggy announced that its rapid 15-minute food delivery service, Bolt, is now available in over 500 cities nationwide. Launched in October of the previous year, Bolt now accounts for 10% of all food orders on the platform, marking a steady increase from 9% reported in its last quarterly results.
Kotak Mahindra Bank
Kotak Mahindra Bank experienced a 14% year-on-year decrease in net profit for Q4 FY25, totaling ₹3,551.7 crore. Despite this drop, the bank’s net interest income rose by 4.5% to reach ₹7,283.6 crore. The lender reported a total income increase of 6.8%, while total expenditures surged by 14.4%.
- Net Interest Margin: The bank’s NIM stood at 4.96% for FY25.
Avenue Supermarts
Avenue Supermarts, the parent company of DMart, reported a slight 2% decline in consolidated net profit, totaling ₹551 crore, compared to ₹553 crore in the same period last year. The performance of older DMart stores (two years and older) showed growth of 8.1% during Q4 FY25, down from 10.3% in the prior year.
IRCON International
IRCON International has secured a contract worth ₹458.14 crore from the North Eastern Electric Power Corporation (NEEPCO) for civil works associated with the Tato-I Hydro Electric project located in Arunachal Pradesh. This contract has been awarded under package I and involves construction activities on an item rate basis.
Earnings to Watch Today
Several companies, including Mahindra & Mahindra, Coforge, and Indian Hotels Company, will be unveiling their quarterly earnings for the last quarter of the fiscal year 2024-25. Keep an eye on these reports for potential market-moving news.
Staying informed about these developments can help investors make strategic decisions in a rapidly changing market landscape.
