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Earnings, key deal developments, and regulatory approvals will keep a few stocks in focus today, with banking, consumption, industrials, and healthcare names dominating the action.
Stocks To Watch Today, May 8.
A packed earnings calendar, key deal developments, and regulatory approvals will keep a few stocks in focus today, May 8, with banking, consumption, industrials, and healthcare names likely dominating the action. The GIFT Nifty, or Nifty futures, is currently trading lower by 143 points at 24,255, indicating a gap-down in equity markets today. Here are some stocks to watch in today’s trading session:
BSE’s Net Profit Up 61% YoY
Among headline numbers, BSE Limited stood out with a sharp earnings surge. The exchange reported a 61% year-on-year jump in net profit to Rs 797 crore, while revenue rose 85% to Rs 1,563 crore. Operating performance also improved significantly, with EBITDA margin expanding to 68% from 57% a year ago, reflecting strong operating leverage.
Thermax’s Net Profit Rises 18.7%
Engineering major Thermax posted steady growth, with net profit rising 18.7% YoY to Rs 244 crore and revenue up 12.5% to Rs 3,428 crore. Notably, EBITDA surged over 50%, indicating margin expansion driven by better execution.
Dabur India Delivers Moderate Quarter
FMCG player Dabur India delivered a moderate quarter, with net profit increasing 15.2% to Rs 368.6 crore and revenue growing 7.3% to Rs 3,038 crore. Margins remained stable, with EBITDA up 8%.
Sonata Software’s Net Profit Increases 25%
In the IT space, Sonata Software reported a 25.1% rise in net profit to Rs 131 crore, although revenue growth remained muted at 3.9%. However, a sharp jump in EBIT suggests improved cost efficiency and deal mix.
Thyrocare Tech’s Net Profit Doubles
Diagnostics firm Thyrocare Technologies saw earnings more than double to Rs 47 crore, supported by improved operating performance. Revenue and EBITDA also posted healthy growth, signalling recovery in core business metrics.
Gravita India’s Profit Falls 5.2%
Among laggards, Gravita India reported a 5.2% decline in net profit despite a rise in revenue and EBITDA, indicating pressure on margins.
Q4 Results Today
On the broader earnings radar, heavyweights such as State Bank of India, Titan Company, Tata Consumer Products, Bank of Baroda, and ABB India are slated to announce results today. MCX, Hyundai Motor India, JSW Infrastructure, Kalyan Jewellers India, Oberoi Realty, CreditAccess Grameen, Balkrishna Industries, Niva Bupa Health Insurance Company, and Ujjivan Small Finance Bank will also announce results today.
Stocks In News
Lens chart: In deal-related developments, eyewear retailer Lenskart may see heightened activity after reports of a $350 million block deal surfaced. The transaction involves around 7 crore shares at a discount to market price, with several early investors likely to exit partially or fully.
Coching Shipyard: In the capital goods and defence-linked space, Cochin Shipyard secured a domestic order through its subsidiary for construction of four specialised tugs from an Adani Group firm, strengthening its order book visibility.
Kotak Mahindra Bank: Banking stocks will also be in focus after the Reserve Bank of India approved Kotak Mahindra Bank to acquire up to 9.99% stake in South Indian Bank, a move that could improve investor sentiment around the lender.
Savita Oil Technologies: On the corporate action front, Savita Oil Technologies approved the merger of its wholly owned subsidiary, signalling internal restructuring. Meanwhile, Gala Global Products is exploring insolvency resolution options under IBC, which may weigh on the stock.
Western mini style: Separately, acquisition activity was seen in the mid-cap space, with Western Ministil signing an agreement to acquire Micron Calcite, aiming to strengthen its product portfolio.
Stocks Trade Ex-Dividend
Stocks such as KSB Limited, Laurus Labs, National Aluminium Company, Somany Ceramics, and Central Bank of India will also remain on the radar as they trade ex-dividend.
Bulk & Block Deals
In the broader market, multiple bulk and block deals across small and mid-cap counters, including Updater Services, Shankara Buildpro, and Raymond Realty, may drive stock-specific action.
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