Stocks to Watch, May 2: Marico, Indian Overseas Bank, Adani Enterprises, Adani Ports, Eternal, TVS Motor, Maruti, Tata Motors, and more

The GIFT NIFTY futures indicate that the NIFTY50 index will open 14 points higher.

In the overnight trade, the Dow Jones Industrial Average rose 83.60 points, or 0.21%, to 40,752.96, the S&P 500 gained 35.08 points, or 0.63%, to 5,604.14, and the Nasdaq Composite gained 264.40 points, or 1.52%, to 17,710.74.

The online platform also announced that it was shutting its Zomato Quick and Everyday businesses.

The company, which rebranded itself from Zomato to Eternal in March, had reported a net profit of ₹175 crore in the year-ago period.

The filing showed that Eternal's revenue from operations in the January-March quarter stood at ₹5,833 crore against ₹3,562 crore a year ago.

Net profit of ₹3,845 crore in January-March - the fourth quarter of April 2024 to March 2025 fiscal year - compared with ₹450.58 crore earnings in the same period a year back, according to a company statement.

The profit rise was helped by a ₹3,286 crore gain made from the sale of stake in Wilmar.

After adjusting for one-time gains from the Wilmar stake sale, the net profit came to ₹1,313 crore.

Net profit of ₹3,025 crore in January-March - the fourth quarter of April 2024 to March 2025 fiscal year - compared with ₹2,015 crore earnings in the same period a year back, the company said in a statement.

Cargo handled by APSEZ-operated 15 ports soared 8 % to 118 million tonnes in Q4 and by 7 % to 450 million tonnes in the full fiscal (2024-25).

In the passenger vehicles segment, the company said its utility vehicle sales surged 28 % to 52,330 units in the domestic market last month against 41,008 units in the year-ago period, up 28 %.

Domestic sales for commercial vehicles stood at 22,989 units, M&M said in a regulatory filing.

The company sold a total of 1,68,089 units in the same month last year, Maruti Suzuki India (MSI) said in a statement.

Its total domestic passenger vehicle sales rose marginally to 1,38,704 units compared to 1,37,952 units in the year-ago month, it added.

Sales of mini-segment cars, comprising Alto and S-Presso, dropped to 6,332 units against 11,519 units in April last year.

The company sold 3,83,615 units in April 2024.

The total two-wheeler registered a growth of 15 % in sales, increasing from 3,74,592 units in April 2024 to 4,30,330 units in April 2025, the company said in a statement.

Domestic two-wheeler sales increased 7 % year-on-year to 3,23,647 units last month as compared with 3,01,449 units in the year-ago period.

VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 5,377 units in April 2024, Eicher Motors said in a regulatory filing.

April 2025 sales included 6,717 units of the Eicher brand and 129 units of the Volvo brand, it added.

Besides this, Royal Enfield on Thursday said its overall sales increased 6 % year-on-year to 86,559 units in April.

The company sold 82,043 units in April last year.

Domestic dispatches to dealers stood at 76,002 units last month, an increase of 1 %, as compared with 75,038 units in April last year.

"JSW Neo Energy has signed a pumped hydro storage power procurement agreement (PHSPPA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) for procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage," the company said.

The PHSPPA is for the supply of energy storage capacity for 40 years, where the company will be entitled to receive a fixed capacity charge of ₹77.2 lakh per MW per annum.

The company posted the total sales at 77,521 units during April 2024.

Total domestic sales were down 7 % to 70,963 units last month as compared to 76,399 units in April 2024, Tata Motors said in a regulatory filing.

The company's sales stood at 63,701 units in April last year.

The automaker said its domestic and export sales stood at 44,374 and 16,400 units, respectively, last month.

The company had sold 50,201 units in the domestic market and 13,500 units in overseas regions in April 2024.

The company has also crossed the 9 million cumulative sales mark in India since 1996, it added.

The joint venture, Dixon IT Devices Private Limited, will focus on manufacturing notebook PC products, desktop PC products, including components, and serve₹within India, according to a regulatory filing.

The revenue for the just-ended quarter came in at ₹7,727 crore, up 7.4% year on year.

The bank’s net interest income during the period grew 8.3% to ₹2,377.4 crore as against ₹2,195.2 crore year-on-year (YoY).

The net interest income (NII) is one of the key metrics to assess a banking or financial entity's financial performance.

Total income for the fourth quarter stood at ₹5,114.34 crore, reflecting a 28.72% increase compared to ₹3,996.25 crore in the corresponding period of FY24. The company’s total expenses also rose to ₹4,714.65 crore, up from ₹3,764.40 crore, indicating higher costs amid increased activity and expansion initiatives.

The surge in profit was driven by lower provisions despite a decline in net interest income (NII). NII is the difference between the interest earned and the interest expended.

NII is one of the key metrics to assess a banking or financial entity's financial performance.

The oil firm’s revenue from operations, however, grew marginally to ₹2.17 lakh crore from ₹2.16 lakh crore quarter-on-quarter (QoQ).