SOURCE : NEW18 NEWS
Last Updated:May 06, 2025, 08:13 IST
Stocks to watch: Shares of firms like Paytm, BSE, Indian Hotels, Paras Defence, Rategain, Coforge, and others will be in focus on Tuesday’s trade
Stocks To Watch
Stocks To Watch On May 6: The stock market began the week on a muted note, ending with a modest gain of 0.5%, continuing its ongoing phase of consolidation. In today’s session, shares of Indian Hotels, Paytm, BSE, Paras Defence, and Fortis Healthcare will be in focus owing to a range of corporate developments and quarterly earnings announcements.
Earnings Watch: Paytm, BSE, Bank of Baroda
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Shares of Paytm, BSE, and Bank of Baroda will remain in the spotlight as the companies are scheduled to report their Q4 FY25 earnings today.
Indian Hotels
The Indian Hotels Company (IHCL) reported a 25% YoY increase in consolidated net profit for Q4FY25, coming in at Rs 522 crore compared to Rs 418 crore in the corresponding quarter of the previous year.
Indian Energy Exchange (IEX)
In April, IEX recorded a total traded volume of 10,584 million units (MU), reflecting a 26% YoY growth. The Day-Ahead Market (DAM) contributed 4,231 MU, up 3%, while the Real-Time Market (RTM) surged 48% YoY to 3,893 MU. The average price in DAM stood at Rs 5.20 per unit for the month.
Paras Defence
Paras Defence signed a Memorandum of Understanding (MoU) with Israel-based HevenDrones to expand their footprint in both Indian and global defence markets. The partnership aims to set up a joint venture in India to develop and manufacture logistics and cargo drones for both defence and civilian use.
Ircon International
Ircon International has bagged a work order worth Rs 187.08 crore from Kerala State IT Infrastructure, for the development of a Dedicated Rural Industrial Park in Thiruvananthapuram.
Rategain Travel Technologies
The company has announced key leadership changes. Deepak Kapoor has been appointed as the new Chief Technology Officer (CTO), and Rohan Mittal will take over as the Chief Financial Officer (CFO).
Fortis Healthcare
Fortis Hospitals, a subsidiary of Fortis Healthcare, received a rectification order under the Income Tax Act. This corrected previous discrepancies, bringing the earlier tax demand of Rs 89.53 crore for Assessment Year 2022–23 down to zero.
Coforge
Coforge reported a consolidated net profit of Rs 261.2 crore for the March quarter. However, its rupee revenue missed estimates, coming in at Rs 3,409.9 crore, lower than the projected Rs 3,530 crore.
Glenmark Pharma
Glenmark Pharmaceuticals announced that its innovation arm, Ichnos Glenmark Innovation (IGI), has received ‘fast track’ status from the US FDA for its investigational multiple myeloma therapy, ISB 2001, marking a significant development in its innovation pipeline.
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- First Published:
May 06, 2025, 08:13 IST
