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  5. Stocks to watch, May 12: JSW Energy, Groww, OMCs, Dixon Tech, Syrma SGS, Anant Raj, IHCL

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Stocks to watch, May 12: JSW Energy, Groww, OMCs, Dixon Tech, Syrma SGS, Anant Raj, IHCL

Swati Verma
By Swati Verma

6 min read | Updated on May 12, 2026, 08:26 IST

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SUMMARY

Stocks to watch: JSW Energy recorded a 9% fall in the March quarter net profits to ₹371 crore for the financial year ended 2025-26, on the backdrop of the rising financing and fuel costs in the period, according to an exchange filing.

Stock list

JSWENERGY
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Stocks to watch, May 12, 2026

The GIFT NIFTY futures suggest that the NIFTY50 index will open 188 points lower. Image: Shutterstock

Stocks to watch: The domestic stock market is expected to open lower on Tuesday, May 12. The GIFT NIFTY futures suggest that the NIFTY50 index will open 188 points lower.
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Here is a list of stocks that may remain in focus today.
Earnings today: As many as 104 companies, as per the BSE list, are slated to release their March quarter (Q4 FY26) results today. The list includes names such as The Tata Power Company, Dr Reddy's Laboratories, Torrent Power, Dixon Technologies, Max Financial Services, Berger Paints, Pfizer, Cohance Lifesciences, MTAR Technologies, Nazara Technologies, Borosil Renewables Ltd., Kalpataru, Texmaco Rail and Engineering, and Inox India, among others.
JSW Energy: JSW Energy recorded a 9% fall in the March quarter net profits to ₹371 crore for the financial year ended 2025-26, on the backdrop of the rising financing and fuel costs in the period, according to an exchange filing.

The NSE filings also showed that the company’s consolidated net profits (attributable to owners of the company) stood at ₹408 crore as of the March quarter of the previous financial year.

Although the company’s profits dropped year-on-year, the revenue from core operations surged 41% YoY to ₹4,498 crore in the March quarter, compared with ₹3,189 crore in the same quarter of the previous financial year.

Due to a reduction in profits, the company's earnings per share (EPS) dropped to ₹2.12 apiece in the fourth quarter, compared with ₹2.34 per share in the same period last year.

IOC, HPCL, BPCL: Shares of state-run oil marketing companies (OMCs) such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) will be in focus amid elevated crude oil prices.
According to a PTI report, which quoted a top government source, India's state-run fuel retailers are staring at first-quarter (Q1 FY27) losses large enough to wipe out profitability for the full fiscal year (FY26), as soaring crude prices and a government-led freeze on pump prices squeeze marketing margins. READ MORE
Groww: Shares of Billionbrains Garage Ventures, the parent company of investment platform Groww will be in focus on Tuesday, May 12, on account of two key developments. Firstly, today is the expiry of the stock's six-month shareholder lock-in period. This unlocks nearly 400 crore shares, around 65% of pre-IPO shareholder holdings, for trading.

Of these shares, approximately 7%, as reported by NDTV Profit, is held by promoters and the promoter group.

The lock-in expiry does not necessarily mean all unlocked shares will be sold immediately. It simply means eligible shareholders are now free to trade their holdings.

Secondly, reports suggest that some early investors, including Peak XV, Y Combinator, and Ribbit Capital, are planning stake sales through block deals following the expiry.

Indian Hotels Company: The Indian Hotels Company (IHCL) on Monday, May 11, reported its earnings for the fourth quarter of the 2025-26 financial year (Q4 FY26), posting a consolidated net profit of ₹599.86 crore, marking a 14.9% year-on-year (YoY) surge.

In the corresponding period of the previous fiscal year, the Tata Group firm had clocked a profit of ₹522.30 crore, according to a regulatory filing.

The company’s revenue from operations advanced 14% YoY to ₹2,765.29 crore during the quarter under review, as against ₹2,425.14 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹1,052 crore in the January to March quarter of FY26. It grew by 15% YoY from ₹918 crore in the year-ago period.

Anant Raj: Real estate developer Anant Raj on Monday, May 11, reported its earnings for the January-March quarter of the 2025-26 financial year (Q4 FY26). It recorded a consolidated net profit of ₹146.60 crore during the quarter under review, reflecting a 23.57% YoY increase from ₹118.64 crore in the fourth quarter of the 2024-25 fiscal year (Q4 FY25).

The company’s revenue from operations jumped 19.64% YoY to ₹646.81 crore in Q4 FY26, compared to ₹540.65 crore in the same period last year.

JBM Auto: JBM Auto reported a 12% jump in consolidated net profit at ₹74 crore on Monday, May 11, for the fourth quarter of the current financial year (Q4 FY26) as compared to ₹66 crore in the same period last year.

The auto components and equipment firm’s revenue from operations also advanced 12.5% year-on-year (YoY) to ₹1,852 crore in the January-March period from ₹1,646 crore in the year-ago period.

The company reported strong operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 20% annually to ₹236 crore as against ₹197 crore in Q4 FY25.

Syrma SGS Technology: Electronics manufacturing services firm Syrma SGS Technology posted a consolidated profit of around ₹119 crore for the fourth quarter ended on March 31, 2026, on higher revenue and consolidation of high-margin segments, according to a company filing.

The company had posted a loss of ₹71.45 crore in the same period a year ago.

The consolidated revenue from operations of Syrma SGS grew by about 58.48% to ₹1,465 crore during the reported quarter from ₹924.36 crore in the March quarter of FY25.

"FY26 was a strong year of execution for Syrma SGS. We delivered 27% revenue growth to ₹4,819 crore, with operating EBITDA expanding significantly to ₹545 crore, ahead of what we had indicated at the start of the year. Importantly, this growth was delivered with positive operating cash flow and a meaningful reduction in net working capital days, reflecting stronger execution and capital discipline," Syrma SGS Technology managing director Jasbir Singh Gujral said.

Paradeep Phosphates: Fertiliser manufacturer Paradeep Phosphates Ltd (PPL) on Monday reported a 9.63% decline in consolidated net profit to ₹155.60 crore for the fourth quarter of 2025-26, weighed down by elevated expenses.

The Bhubaneswar-based company had posted a net profit of ₹172.19 crore in the year-ago period, according to a regulatory filing.

Total income for the January-March quarter rose to ₹4,701.97 crore from ₹4,193.96 crore logged a year earlier, while total expenses climbed to ₹4,541.51 crore against ₹4,015.30 crore seen in the same period.

For the full fiscal 2025-26, however, net profit surged 52.18% to ₹1,000.81 crore from ₹657.62 crore, with total income rising to ₹21,826.34 crore from ₹16,958.65 crore.

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.

About The Author

Swati Verma
Swati Verma is a business journalist with over 11 years of experience. She writes on equities, corporate earnings, sectoral trends, and industry outlook, among others. At Upstox, she leads financial markets coverage.

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