Stocks To Watch Today: Indian Hotels, Groww, Bharat Forge, HFCL Among Shares In Focus

Stocks to watch on 12 May include Indian Hotels Company, Syrma SGS Technology, Groww, Afcons Infrastructure, Bharat Forge, HFCL and HG Infra Engineering after earnings announcements, order wins and corporate developments.

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Q4 Earnings In Focus

Indian Hotels Company reported a 14.8% year-on-year rise in consolidated net profit to ₹599.9 crore for the March quarter, compared to ₹522.3 crore a year ago. Revenue increased 14% to ₹2,765.3 crore from ₹2,425.1 crore.

JSW Energy posted a 9% decline in consolidated profit at ₹371.6 crore against ₹408 crore in the corresponding quarter last year. Revenue jumped 41% to ₹4,498.6 crore from ₹3,189.4 crore.

Syrma SGS Technology reported a 54.6% increase in consolidated net profit to ₹101.2 crore from ₹65.4 crore. Revenue surged 58.5% year-on-year to ₹1,465 crore.

Satin Creditcare Network recorded a 234% rise in standalone profit to ₹136.9 crore compared to ₹41 crore last year. Revenue climbed 46.2% to ₹811.6 crore.

Anant Raj posted a 23.6% increase in consolidated profit at ₹146.6 crore, while revenue rose 19.6% to ₹646.8 crore.

JB Chemicals and Pharmaceuticals reported a 30.4% drop in consolidated profit to ₹101.4 crore. Revenue declined 4.8% to ₹904.2 crore.

Paradeep Phosphates posted a 9.6% fall in profit at ₹155.6 crore, while revenue increased 12.1% to ₹4,702 crore.

Heritage Foods reported a 36.7% decline in consolidated profit to ₹24.2 crore, though revenue rose 10.4% to ₹1,157.6 crore.

Stocks To Watch

Groww parent Billionbrains Garage Ventures will remain in focus after Moneycontrol reported that Peak XV Partners, Y Combinator and Ribbit Capital launched a block deal worth around $500 million to sell part of their stake in the company.

Afcons Infrastructure emerged as the L1 bidder for a railway infrastructure project in Europe valued at ₹7,544 crore.

HFCL secured export orders worth $19.32 million, equivalent to ₹183.95 crore, for optical fibre cables from international customers.

Bharat Forge signed a long-term contract with Embraer for manufacturing and supplying landing gear forgings. The company said it became the first Indian supplier to enter Embraer’s global aerospace forged components supply chain.

HG Infra Engineering received a Letter of Award worth ₹3,931.11 crore from Welspun Enterprises for a six-lane highway corridor project in Maharashtra.

Munjal Auto Industries received a work order from Honda Motorcycle & Scooter India for the manufacturing and supply of sheet metal stamping and welding parts.

Windsor Machines signed an MoU with Allerindia Developers LLP for the proposed sale of industrial plots and structures in Thane, Maharashtra. The company expects to receive ₹162 crore in multiple tranches.

Premier Energies and Syrma SGS Technology decided not to proceed with the proposed acquisition of K-Solare Energy. Both companies said discussions were terminated amicably with no material financial impact.

Adani Ports and Special Economic Zone announced that CEO-Ports Pranav Choudhary resigned effective 31 May. The board appointed Niraj Bansal as the new CEO-Ports from 1 June.

Other Key Developments

Dr Reddy’s Laboratories, Tata Power Company, Berger Paints India, Dixon Technologies, Max Financial Services, Pfizer, Torrent Power and V-Guard Industries are among the companies scheduled to announce quarterly earnings on 12 May. SAIL remained under the F&O ban list for the session.