Stock market saw a weak session on May 22 as both Sensex and Nifty dropped by nearly 1% on Thursday, as global market trends pulled them down.
Bajaj Broking Research said the sharp fall in Indian markets came after a rise in US Treasury yields and fresh worries about the US government’s financial situation. Moody’s recently downgraded the credit outlook of the US, which affected investor confidence around the world.
As a new trading day begins on May 23, here are the key stocks and company updates that investors should keep an eye on:
Q4 RESULTS TO BE ANNOUNCED TODAY
A number of companies will release their January-March quarter results today. These include JSW Steel, Ashok Leyland, Glenmark Pharmaceuticals, Afcons Infrastructure, Apollo Micro Systems, Ashoka Buildcon, Balkrishna Industries, BEML, Cello World, Concord Drugs, Exicom Tele-Systems, Finolex Industries, Narayana Hrudayalaya, Transrail Lighting, and West Coast Paper Mills.
ITC
ITC reported a small 3% year-on-year increase in profit from continuing operations, which stood at Rs 5,155 crore. The company’s board has approved a final dividend of Rs 7.85 per share for FY25.
HONASA CONSUMER
The parent company of beauty brand Mamaearth, Honasa Consumer, posted a drop of 18% in its quarterly net profit. Profit for the January-March quarter stood at Rs 25 crore, compared to Rs 30.5 crore last year. However, revenue rose by 13.3% to Rs 533.6 crore from Rs 471.1 crore a year ago.
SUN PHARMA
Sun Pharmaceuticals, one of India’s top drugmakers, saw its net profit fall by 19% in the fourth quarter of FY25. The company posted a profit of Rs 2,154 crore compared to Rs 2,659 crore in the same period last year.
OLA ELECTRIC
Ola Electric Mobility, the Bengaluru-based electric vehicle maker, has announced that it will raise Rs 1,700 crore through debt instruments. The decision was approved by the company’s board on Thursday.
PREMIER EXPLOSIVES
Premier Explosives, which operates in the defence sector, reported a sharp fall in its Q4 profit. Net profit dropped 44.59% to Rs 3.74 crore in the quarter ended March 2025, compared to Rs 6.75 crore a year ago. Revenue also fell 14.64% to Rs 74.08 crore from Rs 86.79 crore.
TRENT
Trent, a Tata Group company, is in the news as it will replace Nestle India in the BSE Sensex during the upcoming reshuffle of the index. In the same move, Bharat Electronics Limited (BEL) will take the place of IndusInd Bank.
CONCOR (Container Corporation of India)
CONCOR posted a slight decline of 2% in its March quarter profit. The net profit stood at Rs 298 crore, compared to Rs 303.3 crore during the same period last year.
HINDUSTAN COPPER
Hindustan Copper has said that it will consider raising up to Rs 500 crore by issuing non-convertible debentures (NCDs) or bonds through a private placement.
TD POWER SYSTEMS
US-based investment firm Goldman Sachs bought nearly 11 lakh shares of TD Power Systems on Thursday in a block deal. The total deal value was about Rs 50.30 crore.