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The GIFT Nifty, or Nifty futures, trades at 23,651 in early trade, up 135.5 points or 0.58 per cent at around 7:35 am, indicating a firm start for domestic equities.
Stocks To Watch Today, May 22.
The Indian equity market is likely to open on a strong note on Friday, May 22, tracking positive global cues. The GIFT Nifty, or Nifty futures, was trading at 23,651 in early trade, up 135.5 points or 0.58 per cent at around 7:35 am, indicating a firm start for domestic equities.
Against this backdrop, several stocks will remain in focus due to quarterly earnings, block deals, management developments, fund-raising plans, and corporate actions. Stocks such as Paytm, Maruti Suzuki India, Nykaa, GAIL (India) and Indian Overseas Bank are expected to see action.
Q4 earnings in focus
A host of companies are scheduled to announce their March quarter results on May 22, including Sun Pharmaceutical Industries, Eicher Motors, Hindalco Industries, Colgate-Palmolive (India), Fortis Healthcare, Info Edge (India), Narayana Hrudayalaya, Torrent Pharmaceuticals and Yatra Online among others.
Meanwhile, companies set to release results on May 23 include NTPC, Divi’s Laboratories, JK Cement and Rainbow Children’s Medicare.
Earnings reactions likely
GAIL (India) may remain under pressure after its standalone net profit declined 38.4 percent year-on-year to Rs 1,262 crore, while revenue slipped 2.6 per cent.
Aurobindo Pharma reported a modest 2 per cent rise in consolidated profit to Rs 921 crore, with revenue increasing 5.6 per cent.
Jerk off impressed the Street with a sharp 286 per cent jump in quarterly profit to Rs 78 crore, while revenue rose 28 per cent year-on-year.
Honasa Consumer also posted strong numbers, with profit surging 177 per cent and revenue rising over 23 per cent.
Welspun Corp reported a 47 per cent fall in profit despite revenue growth, while Sun TV Network saw profit decline 37 per cent amid weak revenue performance.
Among other notable earnings, Max Healthcare Institute posted healthy double-digit revenue growth, while VA Tech Wabag reported nearly 29 per cent growth in profit.
Rashtriya Chemicals and Fertilisers reported a sharp jump in both profit and revenue, whereas GMM Pfaudler returned to profit during the quarter.
Paytm, Maruti Suzuki in focus
Paytm could see action after reports suggested that SAIF Partners may sell 86 lakh shares, or around 1.3 per cent equity stake, through block deals. The reported floor price for the transaction is Rs 1,120.65 per share.
Maruti Suzuki India announced a price hike of up to Rs 30,000 across its portfolio effective June 2026, citing rising input costs and persistent inflationary pressures.
Fundraising, management developments
Indian Overseas Bank said its board has approved plans to raise up to Rs 5,000 crore through multiple routes, including FPO, rights issue, QIP, or preferential allotment. The lender also cleared issuance of Basel III-compliant Tier II bonds worth up to Rs 1,000 crore.
Fino Payments Bank will remain in focus after MD & CEO Rishi Gupta opted for voluntary early retirement. The board has approved an extension for interim CEO Ketan Merchant for three months, subject to RBI approval.
Bulk deals to track
India Motor Parts & Accessories saw significant bulk deal activity as TSF Investments increased its stake by purchasing 3.54 lakh shares worth over Rs 40 crore. On the other hand, Pari Washington entities offloaded shares amounting to a combined 2.45 per cent stake.
In another transaction, Tara Investments 2 acquired a 4.57 per cent stake in Energy Infrastructure Trust from a Brookfield subsidiary in a deal valued at Rs 231 crore.
Sammaan Capital also saw buying interest after Societe Generale acquired shares worth nearly Rs 106 crore through a bulk deal.
Stocks trading ex-dividend and in F&O ban
Stocks trading ex-dividend today include Larsen & Toubro, Havells India, L&T Finance, L&T Technology Services, Sula Vineyards and Trident, among others. Meanwhile, Kaynes Technology India and SAIL remain under the F&O ban list for the day.
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