Stocks to watch: Godrej Consumer, Raymond, LTI Mindtree, ACC, Axis Bank, Wipro, Tech Mahindra

Indian shares are likely to open the May F&O series on a positive note. At 08:25 AM today (April 28, 2023), the Nifty futures on the Singapore Exchange (SGX) traded 0.46 per cent higher at 18,076 levels. Global cues, too, are likely to boost the sentiment. In the overnight trade, the tech-heavy Nasdaq led a Wall Street rally on Thursday as a strong quarterly report from Facebook parent Meta Platforms Inc overshadowed concerns over slowing US economic growth. In Asia, too, stocks surged in the early morning deals ahead of the Bank of Japan's policy decision. 

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

Q4 earnings impact: Axis Bank, Wipro, Tech Mahindra, LTI Mindtree, and ACC, among others, are expected to trade actively in today's session as these companies released their March quarter numbers post-market hours on Thursday. 

Earnings today: Over 50 companies are slated to announce their March quarter results later in the day. The list includes names such as SBI Card, MRPL, Atul, Ultratech Cement, and M&M Finance, among others. 

Raymond, Godrej Consumer Products: Gautam Singhania-run Raymond Group on Thursday announced the sale of its three consumer care brands -- the Kamasutra condoms and the grooming brands of Park Avenue perfumes and the KS deodorants -- to the Godrej group for Rs 2,825 crore.

KNR Constructions has signed a concession pact for building a six-lane greenfield highway from Marripudi to Somvarappadu of the Bengaluru-Vijayawada economic corridor in Andhra Pradesh.

IRB Infrastructure has received the letter of award from Hyderabad Metropolitan Development Authority for building an eight-lane outer ring road on tolling, operation, maintenance and transfer model. The company’s asset base will expand to over Rs 70,000 crore and the O&M order book will grow by Rs 14,500 crore.