M&M, Tata Tech, Wockhardt among buzzing stocks as NIFTY, SENSEX tumble 0.5% in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, tumbled in the afternoon session on Tuesday, May 5, amid selling in realty and banking stocks.

Furthermore, investor sentiment was also impacted by escalating tensions in the Middle East, as Iran attacked the UAE with a barrage of missiles and drones, setting an oil refinery ablaze in the eastern emirate of Fujairah, as per media reports. Global crude oil prices also surged.

The SENSEX fell as much as 0.98% to an intraday low of 76,515.03, while the NIFTY50 touched the session’s low of 23,882.05.

While the indices were off their day’s low, they continued to trade in the red. At 12:50 PM, the S&P BSE SENSEX slumped by 409.27 points, or 0.53%, to 76,860.13. NSE’s NIFTY50 was trading at 23,995.10, reflecting a 124.20 points, or 0.51% decline.

On Monday, the foreign institutional investors (FIIs) bought shares worth ₹2,835.62 crore, while the domestic institutional investors (DIIs) bought equities worth ₹4,764.16 crore on a net basis, according to exchange data.

Buzzing stocks on May 5: Check list

Shares of Bharat Heavy Electricals Ltd (BHEL) jumped as much as 3% to hit an intraday high of ₹388.40 apiece on the National Stock Exchange (NSE) on Tuesday, May 5, amid analysts' mixed views on the company following its March quarter (Q4 FY26) as well as full fiscal year (FY26) financial results announcement.

The state-owned company on Monday posted a two-fold jump in consolidated net profit to ₹1,290.47 crore during the quarter ended March 31, supported by growth in revenues.

Analysts remain divided on BHEL, even as the stock has delivered a sharp rally in recent months on the back of the energy security theme and improved operational performance.

CLSA noted that while BHEL’s FY26 revenue grew 19% year-on-year and EBITDA margins expanded by 255 basis points to 6.9%, the quality of growth remains weak.

The investment firm pointed out that gross margins declined 150 bps, with margin expansion largely driven by lower non-cash provisions and forex gains.

The stock of Tata Technologies advanced over 11% after the company recorded strong revenue growth in the March quarter results, which in turn supports the profits for the period.

The company’s consolidated financial statements showed that the net profit after tax (PAT) advanced by 8.1% to ₹204.17 crore, compared to ₹188.87 crore in the same period a year ago.

Tata Technologies' revenue from core operations witnessed a 22.29% growth to ₹1,572.22 crore in the fourth quarter of the fiscal year ended 2025-26, compared year-on-year with ₹1,285.65 crore in the same period a year ago.

Shares of Sobha jumped as much as 9.48% to ₹1,577 apiece on the NSE in the early trade on Tuesday, May 5, following the company's March quarter (Q4 FY26) results announcement.

The company on Monday reported a more than two-fold jump in consolidated net profit to ₹91.83 crore for the March quarter (Q4 FY26) on higher income. Its net profit stood at ₹40.85 crore in the year-ago period.

Collections for Q4 FY26 stood at ₹1,990 crore, registering an 11% QoQ growth and 26% YoY increase. Total collections for FY26 reached ₹7,798 crore.

The stock of Wockhardt rallied as much as 12.55% to hit an intraday high of ₹1,603.90 per equity share on the NSE, after its loss flipped to a profit of ₹166 crore in Q4 FY26, compared to a loss of ₹25 crore in the year-ago period.

The pharmaceutical and biotechnology major’s revenue from operations soared 30% year-on-year (YoY) to ₹965 crore in the March quarter of FY26, as against ₹743 crore in the year-ago period.

Its EBITDA stood at ₹196 crore for the reporting quarter, marking a 147% YoY surge from ₹79 crore in Q4 FY25.

KEI Industries shares slipped as much as 7% to touch an intraday low of ₹4,720.10 apiece on Tuesday, May 5, as its March quarter earnings failed to impress the Street.

The company’s consolidated net profit for the quarter ended March 31, 2026 (Q4 FY26) grew 18% to ₹93 crore as compared to ₹79 crore in the same quarter of the previous fiscal year.

Its revenue from operations also increased 19.2% year-on-year (YoY) to ₹3,476 crore as against ₹2,915 crore in the year-ago period.

Aditya Birla Capital stock jumped nearly 5%, as it posted a 30.6% YoY increase in its consolidated net profit (attributable to the owners of the company) to ₹1,129.16 crore for the reporting quarter.

In the corresponding period of the 2024-25 fiscal year (Q4 FY25), it had clocked a profit of ₹864.60 crore, according to a regulatory filing.

Its total revenue from operations stood at ₹13,459.25 crore in the March FY26 quarter, marking a 10.19% YoY jump from ₹12,214.04 crore in the year-ago period.

Mahindra & Mahindra shares rose over 1% as it reported a 53% jump in its standalone net profit on Tuesday, May 5, at ₹3,737 crore for the quarter ended March 31, 2026, as compared to ₹2,437 crore in the same quarter of the financial year 2025-26.

The automobile manufacturer’s revenue from operations climbed 26% to ₹39,554 crore in the January-March quarter of FY26 (Q4 FY26), compared to ₹31,353 crore in the year-ago quarter.

Sunflag Iron and Steel stock rallied as much as 20% to hit a 52-week high of ₹385.35 per equity share on the NSE on May 5 as it witnessed 11.65 lakh shares changing hands in a block deal transaction during Monday’s trading session.

Bhupendra Gokaldas Sanghavi sold 11,65,000 shares of Sunflag Iron & Steel at an average trade price of ₹300 per share, and Bhavini Dhirendra Sanghavi sold 835,000 shares at ₹300 apiece on Monday’s market.

Valabh Roopchand Bhanshali purchased both 1,165,000 shares and 835,000 shares from the entities at the same trade price.