In the previous trading session, benchmark indices traded with caution as investors tracked global cues alongside a busy domestic earnings season.
Market participants continued to monitor company-specific developments, including quarterly results, mergers, order inflows and strategic expansions, which are likely to influence near-term stock movements.
Coforge reported a strong set of quarterly numbers, with net profit rising 145% year-on-year to ₹612 crore. Revenue increased 5% to ₹4,450 crore, while EBIT grew 26% to ₹696 crore. Additionally, the amalgamation with Cigniti Technologies has become effective, which is expected to enhance scale and capabilities.
Ajanta Pharma posted an 18.7% year-on-year increase in net profit to ₹267 crore. Revenue rose 21.5% to ₹1,422 crore. However, EBITDA margin declined to 23.4% from 25.4%, which may be closely watched by investors.
L&T reported a 53.3% year-on-year jump in net profit to ₹3,737 crore. The company also announced a dividend of ₹33 per share, reflecting strong operational performance and shareholder returns.
M&M reported a marginal 3.1% decline in net profit to ₹5,326 crore, although revenue increased 11.3% to ₹82,762 crore. EBITDA rose 5%, but margins softened to 10.4%, indicating some pressure on profitability.
Read More: Emcure Pharmaceuticals Q4 FY26 Results: Net Profit Rises 24% To ₹243.74 Crore, Revenue Crosses ₹2,469 Crore!
KEC International secured new orders worth ₹1,002 crore across transmission & distribution, renewables, transportation and cables segments. The order inflow strengthens revenue visibility and supports growth prospects.
Cigniti Technologies has been dissolved without winding up following its merger with Coforge. Future stock movement implications will be linked to the share swap arrangement with Coforge.
Vikran Engineering has incorporated a wholly owned subsidiary, Vikran Renewable, to focus on solar and integrated energy projects. This move indicates diversification into the renewable energy space.
Kundan Mining & Metals subsidiary has acquired a 99% stake in a Mauritania-based mining entity, signalling international expansion in exploration activities.
Stocks such as Bajaj Auto, Brigade Enterprises, Blue Star, Godrej Consumer Products, Hexaware Technologies, One 97 Communications, Shree Cement, Radico Khaitan, Raymond Lifestyle, Dhara Rail Projects, KRM Ayurveda, Macobs Technologies, Odyssey Technologies and Stylam Industries are also expected to see action due to earnings announcements, bulk deals and corporate developments.
Strong earnings growth, merger developments, order wins and strategic expansions are likely to drive stock-specific action in today’s trading session.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: May 6, 2026, 7:36 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN