Stocks To Watch, May 6: Coforge, Vi, Meesho, L&T, Hero MotoCorp, Bajaj Auto, SRF, banks, NBFCs

Stocks to watch: The domestic stock market is expected to see a gap-up start to trading on Wednesday, May 6. The GIFT NIFTY futures suggest that the NIFTY50 index will open 178 points higher.

Here is a list of stocks that may remain in focus today.

Earnings today: Over 60 companies are slated to announce their March-quarter (Q4 FY26) earnings. The list includes names such as Bajaj Auto, Godrej Consumer Products (GCPL), Polycab India, Meesho, CG Power and Industrial Solutions, PB Fintech, Shree Cements, One 97 Communications (Paytm), Radico Khaitan, South Indian Bank, Kansai Nerolac Paints, Brigade Enterprises, Blue Star, CESC, and Hexaware Technologies, among others.

Larsen & Toubro (L&T): Larsen & Toubro (L&T) on Tuesday reported a 3% drop in consolidated profit after tax (PAT) to ₹5,326 crore during the March quarter in FY26, mainly due to a high-base effect from previous exceptional gains.

The company posted a consolidated PAT of ₹5,497 crore in the year-ago period, L&T said in a filing to the BSE.

The decline was largely due to a high base, as the corresponding quarter of the last financial year included an exceptional gain of ₹475 crore.

“The total consolidated PAT for the quarter was at ₹5,326 crore, reflecting a decline of 3%. The year-on-year decline in consolidated PAT is primarily attributable to an exceptional gain (net of tax & NCI) of ₹475 crore in the previous year,” the filing said.

However, revenue from operations in January-March FY26 rose 11% to ₹82,762 crore from ₹74,392 crore seen in the year-ago period.

Vodafone Idea (Vi): Shares will be in focus as Kumar Mangalam Birla will now steer the debt-ridden Vodafone Idea as its new non-executive chairman, the company said on Tuesday.

He will replace Ravinder Takkar, who has stepped down from the position but will continue to assist Birla as non-executive vice-chairman, according to a regulatory filing.

Vodafone Idea said that the board of directors has “approved the appointment of Mr Kumar Mangalam Birla, a non-executive director, as the non-executive chairman of the board of directors of Vodafone Idea Limited with effect from 5th May 2026.”

The board has also approved the appointment of Takkar as the non-executive vice chairman.

Hero MotoCorp: Two-wheeler maker Hero MotoCorp Ltd on Tuesday reported a 26% rise in consolidated profit after tax (PAT) to ₹1,473.92 crore in the fourth quarter ended March 31 (Q4 FY26), riding on robust sales volumes.

The company, which had posted a consolidated net profit of ₹1,168.75 crore in the corresponding period of the preceding fiscal, said its board has approved the re-appointment of Pawan Munjal as executive chairman for another term of five years with effect from October 1, 2026, subject to approval of shareholders at the ensuing 43rd AGM.

Its consolidated revenue from operations in the fourth quarter stood at ₹12,978.28 crore against ₹9,969.81 crore seen in the year-ago period, Hero MotoCorp Ltd said in a regulatory filing.

During the quarter, vehicle sales stood at 17.14 lakh units, a growth of 24% over the year-ago period, it said.

Total expenses in the quarter under review were higher at ₹11,295.53 crore compared to ₹8,750.13 crore a year ago.

Coforge: IT firm Coforge on Tuesday reported a multifold surge in consolidated net profit to ₹612.3 crore for January-March FY26, driven by a major one-time tax benefit and strong operational growth.

The company had posted a net profit (attributable to its owners) of ₹261.2 crore in the year-ago period.

Revenue from operations grew 30% to ₹4,450.4 crore in Q4 FY26, from ₹3,422.2 crore a year ago.

On a quarter-on-quarter basis, profits more than doubled, and revenue grew 5.2% during the quarter under review.

Reported Q4 PAT reflects the reversal of deferred tax liability due to the Cigniti merger, the company said in a regulatory filing.

“Q4 FY26 includes acquisition and integration-related expenses for Encora of Rs 501 million and legal expenses related to the cybersecurity case of ₹35 million.”

The effective tax rate for the quarter was affected by the release of deferred tax liabilities totalling ₹1,810 million, which was recorded in the profit and loss statement because of the merger between Cigniti and Coforge Ltd, Coforge said.

Coforge completed the acquisition of Silicon Valley-based AI firm Encora for an enterprise value of $2.5 billion in April 2026.

Quess Corp: Staffing and workforce solutions provider Quess Corp has posted a consolidated profit of ₹64.34 crore during the March quarter.

The company had posted a loss of ₹95.44 crore in the year-ago period, Quess Corp said in a regulatory filing.

The loss resulted from one-time exceptional items in FY25, including expected credit loss provision for discontinued projects (₹118.7 crore), impairment on goodwill (₹25.9 crore), and demerger expense (₹13.4 crore).

Revenue from operations grew 6.45% to ₹3,892.45 crore during the quarter under review compared with ₹3,656.42 crore a year earlier.

“We closed the year strong with EBITDA of ₹312 crore, up 19% YoY, and PAT of ₹230 crore, up by 10% YoY. The Board approved a special interim dividend of ₹3 per share for 10 years of IPO and a final dividend of ₹3 per share, staying true to our commitment to shareholders in line with Quess’ guiding principles,” Quess Corp CEO Lohit Bhatia said.

SRF Ltd: Chemical firm SRF Ltd on Tuesday reported an 11% increase in its consolidated net profit to ₹582.02 crore for the quarter ended March and announced plans to invest ₹2,300 crore to set up a plant in Odisha.

Its net profit stood at ₹526.06 crore in the year-ago period.

The total income rose to ₹4,640.07 crore during the January-March period of 2025-26 from ₹4,347.83 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the 2025-26 fiscal year, SRF Ltd’s profit rose 47% to ₹1,835.18 crore from ₹1,250.78 crore in the preceding year.

Jammu and Kashmir Bank: Jammu and Kashmir Bank on Tuesday posted a record profit of ₹2,363 crore for the 2025-26 financial year.

The bank, which declared the annual results here on Tuesday, said it was for the fourth consecutive financial year that the premier financial institute of Jammu and Kashmir posted record profits.

“The bank registered a year-on-year growth of over 13% in its annual profit when compared to ₹2,082.46 crore reported for FY2024-25, despite a one-time impairment provision of ₹179 crore on its investment in J&K Grameen Bank during the first half of the financial year,” a spokesperson of the bank said.

The bank also ended the financial year on a high with a record quarterly performance, posting a net profit of almost ₹800 crore compared to ₹584.54 crore in the year-ago period.

The bank declared its annual and Q4 results on Tuesday after its board of directors approved the figures at a meeting held here at the bank’s corporate headquarters.

Mafatlal Industries: Mafatlal Industries Ltd on Tuesday said its managing director, Priyavrata Mafatlal, will take over as CEO effective June 1, 2026, while continuing in his current position, thereby consolidating executive leadership.

The transition follows the retirement of MB Raghunath as CEO on attaining the age of 60 years and after over three decades of service, transitioning to the role of designated director-strategy and projects, Mafatlal Industries Ltd (MIL) said in a statement.

The leadership consolidation sharpens strategic alignment and execution as the company accelerates its growth agenda and expands its presence in value-added and global markets, it added.

KEC International: RPG Group firm KEC International on Tuesday said it has secured new orders worth ₹1,002 crore across various businesses, including transmission and distribution, renewable energy, and transportation.

According to a company statement, the transmission & distribution (T&D) business has secured orders across India and the Americas, which include a 500 kV HVDC transmission line from a reputed private developer in Western India.

These orders also include 132 kV cabling works from a reputed steel producer in Eastern India and the supply of towers, hardware, and poles in the Americas.

The renewables business has secured an order for a 100+ MW wind project in Southern India from a renowned private developer.

Shoppers Stop: Retail chain Shoppers Stop on Tuesday reported a consolidated loss of ₹16.35 crore for the March quarter.

The company had posted a net profit of ₹1.99 crore in the January-March period a year ago, according to a regulatory filing by Shoppers Stop.

The retail firm is promoted by the Raheja family.

Its revenue from operations increased 13.7% to ₹1,209.79 crore in the March quarter. It was ₹1,064 crore a year ago.

The company’s total expenses climbed 14% to ₹1,241.99 crore in the March quarter of FY26.

“During the quarter, we launched 9 stores, 4 departments, 4 INTUNEs, and 1 HomeStop. Capital investment during the quarter was ₹25 crore,” said an earnings statement from Shoppers Stop.

During the quarter, premium brands contributed 71% to total sales. Sales of the beauty segment were Rs 309 crore, recording 17% growth on a year-on-year basis, led by fragrance.

IEX: Indian Energy Exchange (IEX) on Tuesday said it traded 12,341 million units of electricity in April, posting a 16.6% year-on-year increase.

In the day-ahead market, strong demand drove buy bids up 31% year-on-year (YoY), while sell bids rose sharply by 35% YoY.

Due to an increase in power demand, the average market-clearing price stood at ₹5.26/unit, a 1% increase year-on-year.

The real-time market mirrored this trend, with prices touching near-zero levels across multiple time blocks during the month, driven by surplus renewable energy during solar hours.

United Breweries (UBL): Beer maker United Breweries Ltd on Tuesday reported a 4.2% increase in its consolidated net profit at ₹101.87 crore in the March quarter of FY26.

The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of ₹97.76 crore in the January-March quarter a year ago, United Breweries Ltd (UBL) said in a regulatory filing.

However, UBL’s revenue from operations was marginally down to ₹4,408.41 crore in the March quarter of FY26. It was at ₹4,427.15 crore in the corresponding period a year ago.

In the reporting quarter, UBL delivered “a strong finish to the year with the beer category returning to growth”, led by sustained momentum in its premium portfolio, the company said in its earnings statement.

Aviation, banks, NBFCs: Select aviation, banking, and NBFC stocks will be in focus as the government on Tuesday announced an Emergency Credit Line Guarantee Scheme (ECLGS) with an outlay of ₹18,100 crore to provide relief for MSMEs and airlines impacted by the West Asia conflict.

The scheme — expected to help in providing additional credit flow of ₹2.55 lakh crore, including ₹5,000 crore for airlines — was approved by the Union Cabinet on Tuesday.

Briefing the media on the Cabinet decisions, Information and Broadcasting Minister Ashwini Vaishnaw said the ECLGS 5.0, having an outlay of ₹18,100 crore, would help airlines as well as MSMEs impacted by the West Asia crisis.

“The scheme has been brought to address the stress in the MSME and airline sectors due to the West Asia conflict,” he said.

With inputs from PTI

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.