CONCOR, SBI, ITC, Jubilant FoodWorks, GAIL, and IndiGo among top stocks that may trade actively today

The domestic equities are expected to open in the green on May 18, Thursday. At 08:15 AM, the Nifty futures on the Singapore Exchange (SGX) traded 53 points, or 0.29 per cent higher at 18,285 levels. Besides, global markets, too, are expected to boost sentiment. US stocks in the overnight trade ended sharply higher on debt-deal optimism and Asian stocks followed suit in the early trade. Back home, the benchmark indices settled 0.6 per cent lower on Wednesday. 

Let's take a look at the key stocks that may remain in focus today - 

SBI: The public sector lender is all set to release its March quarter results later today. Analysts expect the state-run banking behemoth to have clocked a robust performance in the final three months of the financial year gone by, driven by double-digit loan growth and firm asset quality. Read more 

ITC: The FMCG behemoth is also scheduled to release its Q4 numbers today. Apart from vital financial metrics, management's commentary on rural demand, growth outlook and updates on the demerger will be keenly tracked by the market participants. 

Earnings today: Apart from SBI and ITC, a host of other companies are also slated to announce their financial results for the March quarter as well as FY23 today. The list includes names such as InterGlobe Aviation, GAIL, CONCOR, and Bata India, among others. 

Jubilant Foodworks: The company on Wednesday reported its financial results for the quarter ended March 2023. Its net profit came in at Rs 28.5 crore for the three-month period, as against a net profit of Rs 96 crore for the corresponding period a year ago, according to a regulatory filing. Its revenue grew eight per cent to Rs 1,269.8 crore for the March quarter compared with the year-ago period.

Mankind Pharma: The company in a regulatory filing intimated that Income Tax Department conducted a search under the Income Tax Act, 1961 at some of the offices and plants of the Company and its subsidiaries. "We have fully cooperated with the officials of the IT Dept during the proceedings and responded to the clarifications and details sought by them. We will continue to provide any further clarification/information that may be required," it said.

Thermax: The sustainable energy solutions provider posted a better-than-expected jump of 52 per cent in fourth-quarter net profit on Wednesday, helped by a 16 per cent rise in sales. Consolidated net profit rose to Rs 156 crore ($19.08 million) for the three months ended March 31, from Rs 103 crore a year earlier.

Sheela Foam: The company has reported a total income of Rs 746.44 crore during the period ended March 31, 2023, as compared to Rs 752.52 crores during the period ended March 31, 2022. The company has posted a net profit of Rs 44.81 crore for the period ended March 31, 2023, as against a net profit of Rs 49.23 crore for the period ended March 31, 2022. The company has reported EPS of Rs.4.69 for the period ended March 31, 2023 as compared to Rs.5.05 for the period ended March 31, 2022.