Coal India, Tata Motors, Maruti Suzuki: Stocks to watch on Thursday

Stocks to watch on Thursday, May 2: Gift Nifty at around 8:14 am traded positive by 0.13 per cent or 29.2 points at 22,747.5, indicating a positive opening for the markets.

 Equity benchmark indices Sensex and Nifty ended lower on Tuesday as a fag-end sell-off wiped out early gains, with IT and power stocks playing spoilsport amid a mixed trend in global markets.

Snapping its two-day winning run, the 30-share BSE Sensex declined 188.50 points or 0.25 per cent to settle at 74,482.78. During the day, it had jumped 440.11 points or 0.58 per cent to 75,111.39.

The NSE Nifty dipped 38.55 points or 0.17 per cent to finish at 22,604.85. In the late afternoon trade, the benchmark hit its all-time peak of 22,783.35, up 139.95 points or 0.61 per cent.

The market remained closed on Wednesday on account of Maharashtra Day.

Here are some stocks that will be in focus on Thursday, May 2: 

Results on May 2: Coal India, Adani Ports and Special Economic Zone, Adani Enterprises, Coforge, Dabur India, and Federal Bank will announce their Q4 results.

Auto stocks: Auto stocks like Tata Motors, Maruti Suzuki and others will be in the spotlight as companies release their sales numbers on May 1.

Coal India: The company's April Production increased 7.3 per cent at 61.8 mt against 57.6 mt a year ago.

IndiGo/SpiceJet/Jet Airways: Airline stocks will be in focus on Thursday as air turbine fuel (ATF) prices hiked marginally. 

Mishra Dhatu Nigam: The company received orders worth Rs 139 crore taking the total order book to Rs 1,830 crore.

Godrej Group stocks: Godrej Group reached a family settlement agreement. Listed company will remain with Adi and Nadir family, while Godrej & Boyce will be given to Jamshed and Smita Godrej as part of the agreement. Godrej Properties in association with Godrej & Boyce will engage in land development at Vikhroli, West Mumbai.

Havells: The electrical major came up with better-than-estimated Q4 results. Revenues at the company increased 12 per cent, while profit soared 25 per cent on year. Global brokerages have raised target price on the stock after its performance.

Indus Towers: The company posted good operational performance for Q4. Margins at the company soared to 57 per cent for the period under review as against 50.3 per cent in the corresponding period last year. Profit at the telecom equipment company also increased to 20.3 per cent.

IndiaMART InterMESH: The company has posted mixed Q4 for the quarter with revenue and profit both edging higher for the March-ended quarter, nevertheless, margins lowered to 24.1 per cent as against 25.3 per cent in the same period last year.

Ambuja Cement: The cement manufacturer for the March quarter posted lower-than-estimated results. Margins at the company declined to 16.7 per cent as against 18.5 per cent in the previous year.

BSE: The country's oldest exchange will be implementing changes in the transaction charges in the equity derivatives segment. The new charges will be effective from May 13. Also, the exchange has changed the day for stock derivative expiry to the second Thursday as against the month's last Thursday. The change on the same shall be made effective July 1, 2024.

Kotak Mahindra Bank/ Federal Bank: Krishnan Venkat Subramanian has resigned from the position of Joint MD at the private sector lender- Kotak Mahindra Bank. According to sources, he may join Federal Bank.

MOIL Limited: The industrial minerals company in a filing informed that in line with the business practice of fixing/revising prices of Manganese Ore and other products, the company has fixed/revised prices of different grades of manganese ore and other products, effective from May 1, 2024. Likewise, for ferro-grade manganese, the price has been increased by 40 per cent. 

Wipro: The IT services major has bagged a multi-million dollar deal from Nokia for digital workplace services transformation. 

Rail Vikas Nigam Limited: The railways company has been declared as the lowest bidder for a Rs 391 crore project of the Eastern Railway.

Mishra Dhatu Nigam: The company has secured an order worth Rs 139 crore. With this, open order book of MIDHANI as on date is around Rs 1830 crore, said the company's filing with the exchanges. 

(With inputs from agencies.)

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