Indian equities may open on a subdued note, following mixed global cues and the latest domestic data. As of 8:15 AM, GIFT Nifty suggested a neutral to mildly positive bias for the day.
On April 30, the Nifty 50 ended marginally lower by 1.75 points (-0.01%) at 24,334.20, while the BSE Sensex dropped 46.14 points (-0.06%) to close at 80,242.24.
Let’s take a look at key stocks that will be in focus on May 2:
Federal Bank reported a strong Q4FY25 performance, with net profit rising 13.7% YoY to ₹1,030.2 crore. Net Interest Income (NII) came in at ₹2,377.4 crore, up 8.3% YoY, though slightly below expectations of ₹2,431.9 crore. The robust earnings reflect solid loan growth and efficient cost management.
Mumbai-based real estate developer Phoenix Mills posted a 17.7% YoY drop in net profit to ₹268.8 crore in Q4FY25, compared to ₹326.7 crore in Q4FY24. Revenue also declined 22.2% YoY to ₹1,016.3 crore. EBITDA fell 10.7% to ₹559.6 crore. The weaker performance was attributed to a slowdown in leasing and development activity.
Tata Motors will be in the spotlight as it reported a 6% YoY decline in total sales for April 2025, with 72,753 units sold versus 77,521 units a year earlier. Domestic sales were down 7% to 70,963 units. The decline comes amid transition challenges and base effect from a strong April 2024.
Sona BLW Precision Forgings firm reported a 10.3% YoY growth in Q4 net profit at ₹164 crore. Revenue dipped 2.2% to ₹864.8 crore, while EBITDA declined 6.3% YoY to ₹231.3 crore. The company saw margin pressure due to input costs, though bottom-line growth remained steady.
Godrej Agrovet saw its Q4FY25 net profit rise 24% YoY to ₹70.8 crore, up from ₹57.1 crore a year ago. However, revenue was nearly flat at ₹2,134 crore. EBITDA also showed a marginal decline of 0.9% to ₹146.6 crore. Operating margins remained steady at 6.9%.
NCC secured new orders worth ₹1,663 crore in April 2025. These contracts span across its core verticals of building and transportation, awarded by various state agencies and one private firm. The company confirmed these are all external orders, unrelated to internal or related-party entities.
Part of the JSW Group, JSW Infra remains under investor watch for likely operational updates. While specific results were not disclosed, the stock has seen rising traction due to sector-wide logistics and port activity increases.
Puravankara announced a board meeting on May 6 to consider raising up to ₹300 crore via private placement of non-convertible debentures (NCDs). The move signals a fresh funding initiative aimed at accelerating growth and development pipeline execution.
Markets may remain rangebound, but individual stock movements are expected to be driven by earnings announcements, auto sales numbers, and fresh order inflows. Investors will also monitor macro cues and global trends closely as May kicks off.
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.
Published on: May 2, 2025, 8:54 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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