Indian equity markets are expected to witness stock-specific action on Thursday as a series of corporate earnings, crude oil prices, government announcements, and business developments are likely to influence investor sentiment. While several companies reported stronger-than-expected quarterly results, others face pressure from weak earnings, higher costs, or sector-specific challenges.
Brent crude oil trading above $95 per barrel is likely to remain one of the biggest market-moving factors today, benefiting upstream oil producers while putting pressure on oil marketing companies (OMCs) and paint manufacturers.
Here’s a look at the major stocks expected to remain in focus.
Stocks Likely to Trade Higher
ONGC
ONGC could remain among the top gainers as higher crude oil prices improve realization from crude production. Brent crude rising above $95 per barrel generally supports earnings for upstream oil producers.
Market View: Positive
NTPC and Tata Power
The government’s plan to develop five small modular nuclear reactors by 2033 is expected to boost sentiment for India’s power sector. Companies involved in power generation and future nuclear projects may attract buying interest.
Market View: Positive
Waaree Renewable Technologies
The company reported strong quarterly numbers with EBITDA rising 48% and revenue increasing 53% year-on-year, reflecting continued strength in India’s renewable energy sector.
Market View: Bullish
IndusInd Bank
The private lender delivered better-than-expected Q1 earnings, with net profit jumping 72% year-on-year, which could support investor confidence.
Market View: Positive
IIFL Finance
Strong loan growth of 38% and healthy net interest income growth of 34% indicate robust business momentum.
Market View: Positive
HEG
The graphite electrode manufacturer posted a sharp improvement in EBITDA and operating margins, indicating improving profitability.
Market View: Positive
Nippon Life AMC
Revenue remained largely in line with estimates, while profit exceeded market expectations, making the stock attractive for investors.
Market View: Positive
Shoppers Stop
Healthy revenue growth and improved operating profit indicate improving consumer demand.
Market View: Positive
Godrej Consumer Products
The company’s ₹200 crore investment in its pet care business reflects expansion into a fast-growing segment and may be viewed positively over the long term.
Market View: Mildly Positive
HCL Technologies
The company secured a major international contract to provide e-SIM platform services, strengthening its global digital business.
Market View: Positive
Sona BLW Precision Forgings
Its joint venture with Japan’s Denso for electric and hybrid powertrain systems strengthens its position in the EV supply chain.
Market View: Positive
Schaeffler India
Strong double-digit revenue growth highlights healthy demand across industrial and automotive segments.
Market View: Positive
Tanla Platforms
The company reported improved EBITDA margins despite a slight decline in margins compared with last year, keeping earnings healthy.
Market View: Positive
Saatvik Green Energy
Winning a ₹138 crore solar module supply order improves revenue visibility and order book strength.
Market View: Positive
Inox Green Energy
Board approval to raise ₹600 crore through securities is expected to support future expansion and improve financial flexibility.
Market View: Positive
Stocks That May Face Selling Pressure
Dr. Reddy’s Laboratories (DRL)
Profit was impacted by a ₹240 crore provision related to the Semaglutide API business, which could weigh on investor sentiment despite the company’s strong long-term fundamentals.
Market View: Negative
HPCL
Although refinery margins remain healthy, losses in fuel and LPG retailing are expected to hurt earnings.
Market View: Negative
Oil Marketing Companies and Paint Stocks
Higher crude oil prices increase input costs for oil marketing companies and paint manufacturers. Rising Brent crude above $95 per barrel may pressure margins across these sectors.
Market View: Negative
Vedanta Oil & Gas
The Delhi High Court’s decision upholding the transfer of an offshore block to ONGC could negatively affect Vedanta’s oil and gas business.
Market View: Negative
United Spirits (USL)
Higher advertising expenses and exceptional costs are expected to reduce EBITDA and net profit, which may lead to profit booking.
Market View: Negative
Overall Market Outlook
Today’s market is likely to remain stock-specific rather than broad-based. Banking, renewable energy, power, upstream oil producers, and companies reporting strong earnings may outperform. On the other hand, oil marketing companies, paint stocks, and firms reporting weak quarterly results could remain under pressure.
Investors should also monitor crude oil prices, global market trends, and quarterly earnings announcements, as these are expected to drive market sentiment throughout the trading session.
Also see
Waaree Renewable Technologies Q1 FY27 Results: Net Profit Jumps 34%, Revenue Surges 54% YoY