Stocks to Watch Today: Bajaj Auto, Paytm, BSE, PB Fintech Among Shares In Spotlight On May 7

The stocks to watch on May 7 are Bajaj Auto, Paytm, BSE, PB Fintech, Bharat Forge, and Radico Khaitan amid quarterly earnings reports and news about companies on May 6.

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Indian benchmark indices closed sharply higher on Wednesday. The Sensex gained 940.73 points, or 1.22%, to settle at 77,958.52, while the Nifty 50 rose 298.15 points, or 1.24%, to close at 24,330.95. Broader markets also ended in positive territory.

However, Gift Nifty trends indicated a muted opening for Thursday’s session. Gift Nifty was trading near the 24,442 level, slightly below the previous Nifty futures close. Stocks in focus are:

Bajaj Auto

Bajaj Auto reported a standalone net profit of ₹2,746 crore for the March quarter, compared with ₹2,049 crore in the year-ago period. The company’s quarterly profit rose 34% YoY.

Paytm

One 97 Communications, the parent company of Paytm, posted a net profit of ₹184 crore in the fourth quarter against a loss of ₹540 crore a year earlier. The company reported improvement in operating performance during the quarter.

PB Fintech

PB Fintech reported a 54% increase in net profit to ₹261 crore for the March quarter from ₹170 crore in the corresponding period last year. Revenue rose 37% to ₹2,061 crore from ₹1,507.9 crore.

Meesho

E-commerce platform Meesho reduced its consolidated loss to ₹166 crore in the fourth quarter from ₹1,391 crore in the corresponding quarter last year.

Radico Khaitan

Radico Khaitan reported net profit of ₹179.5 crore for the March quarter compared with ₹92 crore in the year-ago period. The company reported growth in premium product sales and margins.

Q4 Results Today

Shares of BSE, Britannia Industries, Bharat Forge, MRF and Lupin are likely to remain in focus as the companies are scheduled to announce their fourth-quarter earnings on May 7.

Other Stocks To Watch

Other companies like ACME Solar Holdings said its subsidiary commissioned an 8 MW wind power project in Gujarat.
Biocon

Biocon clarified to exchanges that there is no succession planning or leadership transition under consideration. The statement came after media reports regarding leadership succession triggered movement in the stock.

Shree Cement

Shree Cement reported a 4.3% decline in net profit to ₹532 crore for the March quarter compared with ₹556 crore in the corresponding quarter last year.

Zaggle Prepaid Ocean Services

The fintech company said it signed a three-year agreement with The Supreme Industries to provide its Zaggle Propel rewards platform.

Market participants are expected to track earnings announcements, corporate developments and broader global cues during Thursday’s trading session.