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Stocks to Watch, May 9: ABB India, L&T, Grindwell Norton, Dr Reddy's, Britannia, Titan, Swiggy, Biocon, and more

Market News

Stocks to Watch, May 9: ABB India, L&T, Grindwell Norton, Dr Reddy's, Britannia, Titan, Swiggy, Biocon, and more

5 min read | Updated on May 09, 2025, 07:59 IST

SUMMARY

Stocks to Watch: Infrastructure major Larsen & Toubro (L&T) on Thursday reported a 25% increase in consolidated profit after tax (PAT) to ₹5,497 crore for the quarter ended on March 31, 2025, supported by higher revenues and an exceptional gain.

Stock list

ABB

GRINDWELL

SWIGGY

The GIFT NIFTY futures level indicates that the NIFTY50 index will open 312 points lower. | Image: Unsplash

Stocks to Watch: The domestic stock market will likely open with deep cuts on Friday, May 9. The GIFT NIFTY futures level indicates that the NIFTY50 index will open 312 points lower.

Here is a list of stocks that may remain in focus today.

Q4 results today: As many as 69 companies are slated to announce their March quarter numbers today. The list includes names such as ABB India, Dr Reddy's Laboratories, Eveready Industries India, Grindwell Norton, Intellect Design Arena, Manappuram Finance, and Swiggy.

L&T: Infrastructure major Larsen & Toubro (L&T) on Thursday reported a 25% increase in consolidated profit after tax (PAT) to ₹5,497 crore for the quarter ended on March 31, 2025, supported by higher revenues and an exceptional gain.

The company had posted a PAT of ₹4,396 crore for the year-ago period, L&T said in a filing to BSE.

Revenue from operations increased to ₹74,392.28 crore over ₹67,078.68 crore in the year-ago period, the filing said.

MCX: Multi Commodity Exchange of India Ltd (MCX) on Thursday posted a 54.15% jump in consolidated net profit to ₹135.46 crore in the fourth quarter of the 2024-25 fiscal year on higher income.

The company reported a net profit of ₹87.87 crore a year ago, a regulatory filing said.

Total income rose by 60.68% to ₹320.49 crore during the March quarter of 2024-25 from ₹199.45 crore a year ago.

Expenses rose to ₹152.96 crore from ₹92.96 crore in the said period.

Biocon: Biotech firm Biocon on Thursday said its consolidated net profit surged over two-fold to ₹344 crore in the fourth quarter ended March 31, 2025, aided by robust sales across business verticals.

The company had reported a net profit of ₹136 crore in the January-March period of the preceding fiscal.

Total revenue rose to ₹4,454 crore in the latest fourth quarter as compared to ₹3,966 crore in the year-ago period, Biocon Ltd said in a statement.

For the year ended March 31, 2025, the company said its net profit declined to ₹1,013 crore as compared to ₹1,022 crore in FY24, it added.

Pidilite Industries: Pidilite Industries on Thursday said its consolidated net profit increased by 41% to ₹428 crore in the fourth quarter ended March 31, 2025.

The company had reported a net profit of ₹304 crore for the January-March quarter in FY24.

Its total income rose to ₹3,222 crore for the fourth quarter compared to ₹2,951 crore for the year-ago period, the company said in a regulatory filing.

For the year ended March 31, 2025, the company said its consolidated net profit rose to ₹2,096 crore against ₹1,747 crore in 2023-24.

The total income increased to ₹13,388 crore compared to ₹12,523 crore in FY24.

Adani Green, Adani Energy, and other group stocks: Adani Group has signed an agreement with Druk Green Power Corporation (DGPC) of Bhutan to jointly develop hydropower projects totalling 5,000 MW capacity in the neighbouring country.

The agreement was signed in Thimphu by DGPC's MD Dasho Chhewang Rinzin and Adani Green Hydro Ltd's COO (PSP & Hydro) Naresh Telgu in the presence of Prime Minister Dasho Tshering Tobgay, Minister for Energy and Natural Resources Lyonpo Gem Tshering and other senior dignitaries, Adani Group said in a statement.

IRB Infrastructure: IRB Infrastructure on Thursday posted a 10% rise in its toll revenue to ₹554 crore in April compared to Rs 503 crore in the same month last year.

Of its 17 tolls, IRB MP Motorway in Maharashtra contributed the major share of ₹150.7 crore to the total revenue collection in April, up from ₹140.7 crore contribution in April 2024, IRB said in an exchange filing.

Contribution of IRB Ahmedabad Vadodara Super Express Tollway rose to ₹65.4 crore from ₹59.2 crore in 2024, it said.

Canara Bank: State-owned Canara Bank on Thursday reported a 28% jump in its consolidated net profit to ₹5,070 crore for the March quarter, helped by a dip in provisions and a rise in non-core income.

The public sector bank had reported a net profit of ₹3,951 crore in the year-ago period.

Its post-tax profit for FY25 rose to ₹17,540 crore from ₹15,279 crore in FY24.

Despite an 11% loan growth, its core net interest income declined by 1.44% to ₹9,442 crore in the reporting quarter, hit by a 0.25% narrowing in the net interest margin to 2.80%.

REC Ltd: State-owned non-banking finance firm REC Ltd will increase its exposure to renewable energy projects by about ₹2.5 lakh crore in the next six years to aid India's target of having 500 GW of non-fossil fuel energy by 2030.

REC currently has an exposure of about ₹53,000 crore in renewable energy projects with a total loan book of ₹5.67 lakh crore as of March 31, 2025.

The company has planned to achieve a loan book of ₹10 lakh crore, including ₹3 lakh crore exposure in renewable energy projects, by 2030.

Titan Company: Tata group firm Titan Company on Thursday reported a 13% increase in its consolidated profit after tax at ₹871 crore in the March quarter, driven by robust sales.

The company had posted a profit after tax (PAT) of ₹771 crore for the January-March period of FY24.

Total income increased to ₹14,049 crore for the fourth quarter as compared with ₹11,472 crore in the year-ago period.

For FY25, Titan reported a PAT of ₹3,337 crore, a decline of 5%, against ₹3,496 crore in FY24.

Britannia Industries: The company's net profit rose 4.2% YoY to ₹559 crore against ₹536.6 crore logged in the year-ago period. The company's revenue increased by 8.9% to ₹4,432 crore against ₹4,069.4 crore seen in the corresponding period of the previous fiscal year.

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The technical structure for Hindustan Aeronautics remains bullish on both the daily and weekly charts. | Image: Shutterstock

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