Stocks to Watch On May 06, 2025: Indian Hotels, Reliance, Coforge, Paras Defence and Others in Focus

The stock market appears to be gradually stabilising after witnessing significant volatility and activity triggered by recent actions taken by US President Donald Trump. Not sure which stocks to keep an eye on this Thursday? Here’s a roundup of the top stocks currently making news. Reviewing these updates will help you stay on top of the key market developments.

Earlier this week on Monday, the NSE Nifty 50 ended the day with a gain of 114.45 points, or 0.47%, closing at 24,461. Meanwhile, the BSE Sensex climbed 295 points, or 0.37%, to finish at 80,797.

Here are stocks to watch today: 

Indian Hotels 

The Indian Hotels Company Limited (IHCL) announced a strong performance for the quarter ended March 2025. IHCL has recorded a consolidated net profit of ₹522 crore, up 25% from ₹418 crore reported in the same quarter a year ago.

Read More, Coforge Q4 FY25 Results: Net Profit Grows 17% YoY, Declares ₹19 Dividend. 

Reliance Industries

Reliance Industries, along with partners Shell (through BGEPIL) and Oil and Natural Gas Corporation (ONGC), successfully completed India’s first offshore facilities decommissioning project. The project involved the safe dismantling of old installations in the mid and south Tapti fields, which were part of the Panna-Mukta and Tapti (PMT) joint venture.

IEX

Indian Energy Exchange (IEX) reported a total power trade volume of 10,584 million units (MU) in April, up 26% compared to the same month last year. The Day-Ahead Market (DAM) accounted for 4,231 MU, which is a 3% rise year-on-year. The Real-Time Market (RTM) saw a sharper 48% increase, reaching 3,893 MU. The average price in the DAM for the month was ₹5.20 per unit.

Paras Defence

Paras Defence has signed a Memorandum of Understanding (MoU) with Israeli firm HevenDrones. The agreement aims to expand their operations in India and globally in the defence space. The two companies will set up a joint venture in India focused on developing and producing logistics and cargo drones for both military and civilian purposes.

Ircon International 

Ircon International has bagged a new work order worth ₹187.08 crore from Kerala State IT Infrastructure Ltd. The company will construct a dedicated rural industrial park in Thiruvananthapuram as part of the project.

Rategain 

Rategain Travel Technologies has announced new leadership appointments. Deepak Kapoor has been named the new Chief Technology Officer (CTO), while Rohan Mittal has been appointed as the new Chief Financial Officer (CFO).

Coforge 

Coforge announced its financial results for the March 2025 quarter. I reported a consolidated net profit of ₹261.2 crore. However, its revenue from operations came in at ₹3,409.9 crore, slightly lower than the market estimate of ₹3,530 crore.

Conclusion

As the market regains footing after recent global developments, investors should closely track these headline-making stocks. From strong earnings to major project wins and strategic partnerships, today’s updates reflect a mix of growth, innovation, and evolving market opportunities. Staying informed on these developments can help investors navigate the dynamic trading environment more effectively.

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/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 securities market are subject to market risks, read all the related documents carefully before investing.