Stocks to watch on May 2: Adani Enterprises, Adani Ports, Hero MotoCorp, MOIL, Eternal, Federal Bank, JSPL, Maruti, M&M, NCC

By Pune Media On May 2, 2025

Markets are likely to react to a host of quarterly earnings, corporate developments, and monthly auto sales updates on Thursday, May 2, 2025. Here’s a roundup of key stocks to watch:

Q4 Earnings in Focus

Adani Enterprises: Reported a massive jump in Q4 net profit to ₹3,844.9 crore vs ₹450.6 crore YoY, aided by an exceptional gain of ₹3,945.7 crore from the sale of a stake in AWL Agri Business.
Eternal (formerly Zomato): Net profit dropped 77.7% YoY to ₹39 crore; revenue surged 63.8% to ₹5,833 crore.
MOIL: Q4FY25 revenue rose 4.2% YoY to ₹433 crore, PAT jumped 26.9% to ₹115.65 crore, and EBITDA margin expanded 135 bps to 32.2%.
Bandhan Bank: Profit surged nearly 6-fold to ₹317.9 crore, while NII declined 3.6% YoY. Gross NPA rose slightly to 4.71%.
Federal Bank: Posted a 13.7% YoY rise in net profit to ₹1,030.2 crore; GNPA and NNPA improved sequentially.
Indus Towers: Net profit declined 56% QoQ to ₹1,779 crore; revenue up 2% QoQ to ₹7,727 crore.
Jindal Steel & Power (JSPL): Swung to a loss of ₹303.6 crore from a profit of ₹933.5 crore YoY due to exceptional loss.
Paras Defence: PAT nearly doubled YoY to ₹19.7 crore; revenue up 35.8% at ₹108.2 crore.
Sona BLW: PAT rose 10.4% YoY to ₹164.1 crore, while revenue declined 2.2%.
Home First Finance: PAT rose 25.4% to ₹104.7 crore; board recommended ₹3.70 per share dividend.
JSW Infrastructure: PAT up 54.3% to ₹509.4 crore; revenue increased 17% YoY.
Godrej Agrovet: PAT grew 23.9% to ₹70.8 crore; revenue flat; ₹11 per share final dividend announced.
Phoenix Mills: PAT declined 17.7% YoY to ₹268.8 crore; revenue fell 22.2%.
LG Balakrishnan: PAT rose 23.8% to ₹84 crore; revenue up 10.3%. Final dividend of ₹20 per share.

Auto stocks on sales action

Maruti Suzuki: April sales up 6.96% YoY at 1.8 lakh units; exports up 26% YoY.
TVS Motor: Sales up 16% YoY to 4.44 lakh units; EV sales surged 59%.
Tata Motors: Sales down 6.2% YoY to 72,753 units.
Eicher Motors: VECV sales rose 27.3% YoY; Royal Enfield up 6%.
Mahindra & Mahindra: Auto sales up 19%, tractor sales up 8%.
Escorts Kubota: Tractor sales down 1.2% YoY.
Hyundai Motor: Reported 60,774 total units, with 44,374 domestic and 16,400 exports.
VST Tillers: Sales up 94.8% YoY.
Hero MotoCorp: Dispatched 3.05 lakh units in April 2025. VAHAN registrations stood at 5.11 lakh. VIDA electric scooter dispatches touched 7,116 units. The company launched four products in Sri Lanka and announced a 3-year global brand partnership with golfers Akshay Bhatia and Sahith Theegala.

Corporate Announcements

Bank of India: Board approved ₹5,000 crore capital raise via Tier-I & Tier-II bonds in FY26.
GR Infraprojects: Subsidiary signed ₹4,262.78 crore NHAI agreement for Agra–Gwalior road.
NBCC: Bagged ₹95.66 crore renovation work order.
Infosys: Completed acquisition of MRE Consulting.
HBL Engineering: Received ₹145.83 crore contract from Western Railway for Kavach system.
CESC: Got approval for 125 MW power procurement from Dhariwal Infra.
NCC: Secured ₹1,663 crore worth orders in April.

Disclaimer: This article is for informational purposes only and should not be considered investment advice. Readers are advised to consult their financial advisor before making any investment decisions.

Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at BusinessUpturn.com. You can write to her at [email protected]

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