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Indian equities seen opening weak as Gift Nifty falls, Trump rejects Iran peace plan, oil jumps, gold slips, focus on Swiggy, SBI, CMS Info Systems, Manappuram Finance, more.
Stocks To Watch Today, May 11.
Stocks To Watch Today, May 11: Indian equity market may see another volatile session on Monday with a weak start possibility over the fresh geopolitical developments following US President Donald Trump’s rejection of Iran’s peace proposal, calling it ‘totally unacceptable’ and dashing hopes of the resolution of the 10-week-long war in West Asia.
Gift Nifty traded lower on Monday morning, indicating a weak start for Indian equities. As of 7:14 AM IST, Gift Nifty was down 193 points, or 0.80 per cent, at 24,047 after opening at 24,280.
WTI crude futures climbed 4 per cent to touch once again $100 per barrel mark, while Brent crude touched $105 per barrel mark following the rejection of the proposal.
Gold prices slipped following the development and fell $4,700 per ounce on Monday, eroding the past week’s gains, which had come on the hopes of a peace resolution for the 10-week-long war.
Indian equity markets are likely to trade with a cautious undertone, as investors continue to navigate evolving geopolitical developments and mixed global cues, according to Ponmudi R, CEO of Enrich Money.
While benchmark indices follow the global trend, some stocks will remain under the radar of investors over varied reasons.
Stocks To Watch Today, May 11
Swiggy Share Price
Swiggy reported on Friday that its loss for the fourth quarter of the financial year 2025-26 stood at Rs 800 crore, reflecting a drop compared to Rs 1,081 crore in the corresponding quarter of the previous fiscal year 2024-25. The growth was driven by the food delivery segment, which saw an annual EBITDA crossing Rs 1000 crore.
Swiggy reported 45 per cent growth in revenue from operations at Rs 6,383 crore in Q4FY26 against RS 4,410 crore in Q4FY25.
SBI Share Price
State Bank of India (SBI), the country’s largest lender, on Friday reported a 5.6 per cent year-on-year rise in its net profit to Rs 19,684 crore for the fourth quarter ended March 31, 2026. Its net interest income, the difference between interest earned and interest expended, in January-March 2026 increased 4.1 per cent to Rs 44,380 crore, compared with Rs 42,618 crore in the year-ago period.
Following this, shares of SBI crashed to the day’s low of Rs 1,010.9 apiece on the NSE, which was 7.4 per cent lower than the previous close of Rs 1,092.
CMS Info Systems
The company won a contract worth Rs 400 crore for ATM managed services outsourcing mandate from HDFC Bank. CMS will provide managed service solutions, including currency forecasting and logistics.
Manappuram Finance Share Price
Manappuram Finance’s shares will trade ex-dividend on May 11. It earlier announced an interim dividend of Rs 0.50 per share with the ex-date and record date on May 11.
Bank of India Share Price
The company reported a strong performance for the quarter, with profit rising 14.8 per cent to Rs 3,015.8 crore compared to Rs 2,625.9 crore in the year-ago period. Net interest income increased 11 per cent to Rs 6,730.2 crore from Rs 6,062.7 crore, while provisions and contingencies declined sharply by 26 per cent to Rs 989.8 crore against Rs 1,337.7 crore earlier. Asset quality also improved sequentially, with gross NPA falling to 1.98 per cent from 2.26 per cent and net NPA declining to 0.56 per cent from 0.60 per cent in the previous quarter.
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