SBI, Kotak Mahindra Bank, Marico, BPCL, HPCL, IOCL, Adani group shares among buzzing stocks; check full list

The Indian equity benchmarks came off intraday highs in noon deals owing to weakness in banking heavyweights Kotak Mahindra Bank and State Bank of India after their March quarters earnings failed to enthuse investors. Earlier in the day, SENSEX rose as much as 547 points and NIFTY50 index touched an intraday high of 24,526. However, owing to profit booking at higher levels indices came off intraday highs. As of 12:25 pm, the SENSEX was up 239 points at 80,741 and NIFTY50 index advanced 95 points to 24,441.

The Mumbai-based lender reported a net profit of ₹3,551.74 crore in January-March quarter on Saturday, May 3, marking a decline of 14% from ₹4,133.30 crore in the same period last year. The decline in profit came on the back of sharply higher provisions for bad loans.

Kotak Mahindra Bank's provisions surged more than three times to ₹909 crore as against ₹264 crore in the corresponding period last year.

Its net interest income in the fourth quarter of financial year 2024-25 (Q4FY25) rose 5.4% to ₹7,283.57 crore as against ₹6,909.35 crore in the year-ago period.

SBI's provisions for non-performing assets jumped 20% annually to ₹3,964.23 crore as against ₹3,293.94 crore registered in the year-ago period. Sequentially, provisions jumped 72%.

The Mumbai-based lender's net interest income or the difference between interest earned and interest expended came in at ₹42,774.63 crore as against ₹41,655.19 crore in the year-ago period. Whole bank net interest margin (NIM) for Q4FY25 stood at 3%.

WTI crude oil futures fell more than 3% to around $56.2 per barrel on Monday as OPEC+ agreed to ramp up production, fuelling fears about a global supply glut. OPEC+ will accelerate oil output hikes for a second consecutive month, raising output in June by 411,000 bpd.

Lower crude oil prices augur well for OMCs as it helps them improve their gross refining margins (GRMs)

Following the development, shares of paint manufacturers and tyre companies also rallied in the range of 2% to 3%. Crude oil prices have dropped nearly 30% in last year and 21% in 2025. The sharp fall in crude oil prices is margin accretive for many companies which use oil and its derivatives as key raw materials.

One of the leading players in the FMCG segment last week reported a consolidated net profit of ₹343 crore for the quarter ended March 31, 2025 (Q4 FY25), up 7.86% against the ₹318 crore profit logged in the year-ago period.

Revenue from operations for the quarter under review came in at ₹2,730 crore, up 19.84% against ₹2,278 crore registered in the corresponding quarter of the previous fiscal.

Following this, shares of Marico on Monday were trading at ₹723.4 apiece on the National Stock Exchange, rising 3.68%.

Along with the result, M&M also announced a final dividend of ₹25.3 per share. The record date for the dividend will be Friday, 4th July, 2025.

Among the rest of the group firms, Adani Total Gas surged the most. Shares of Adani Total Gas were trading at ₹659.7 apiece, jumping over 10% after its net sales rose 15% to ₹1,341.26 crore in March 2025 from ₹1,166.95 crore in March 2024.

However, its quarterly net profit declined 8% to ₹154.59 crore in the quarter under review from ₹167.96 crore in Q4 FY24.

Adani Green Energy shares also saw positive momentum after its arm Adani Green Energy Sixty-Nine inked a pact to supply 400 MW of solar power to Uttar Pradesh Power Corporation Limited (UPPCL) from its project in Rajasthan.

Adani Green Energy Sixty Nine Limited, a wholly owned step-down subsidiary of AGEL, has entered into a power purchase agreement with UPPCL for the supply of 400 MW solar power from a grid-connected solar PV power project to be developed in Rajasthan, the filing said.