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  1. Stocks to Watch, May 20: Dixon Technologies, Solar Industries, BEL, United Spirits, RVNL, DLF, and more

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Stocks to Watch, May 20: Dixon Technologies, Solar Industries, BEL, United Spirits, RVNL, DLF, and more

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10 min read | Updated on May 20, 2025, 08:21 IST

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SUMMARY

Stocks to Watch: Bharat Electronics said its profit after tax (PAT) in the March 2025 quarter increased to ₹2,104.78 crore, up 18% from ₹1,783.52 crore recorded in the corresponding period of the previous year.

Stock list

The GIFT NIFTY futures suggest that the NIFTY50 index will open 100 points higher

The GIFT NIFTY futures suggest that the NIFTY50 index will open 100 points higher. | Image: Shutterstock

Stocks to Watch: The domestic equity market will likely open in the green on Tuesday, May 20. The GIFT NIFTY futures suggest that the NIFTY50 index will open 100 points higher.
Here is a list of stocks that may remain in focus today.
Q4 Results: As many as 141 companies, according to the BSE list, are slated to announce their March quarter numbers today. The list includes Hindalco Industries, Solar Industries India, United Spirits, Torrent Pharmaceuticals, Dixon Technologies, Zydus Lifesciences, NHPC, Max Healthcare Institute, Gland Pharma, EIH, and JK Tyre and Industries, among others.
Bharat Electronics (BEL): The Navratna PSU said that its profit after tax (PAT) in the March 2025 quarter increased to ₹2,104.78 crore, up 18% from ₹1,783.52 crore recorded in the corresponding period of the previous year.

During the 4th quarter of FY 2024-25, BEL achieved a turnover of ₹8,850.42 crore, up 6% as against ₹8,335.01 crore posted in the corresponding period of the previous year.

The company's order book position as of April 1, 2025, stood at ₹71,650 crore.

It has also announced that the PSU's board has recommended a final dividend of ₹0.90 per equity share (90%) of ₹1 each fully paid up for the financial year 2024-25.

RVNL: The PSU said it has emerged as the lowest bidder for a project by IRCON International. The project is about the supply of various signalling, telecommunications, and EIMWB materials; installation, testing and commissioning of distributed/centralised electronic interlocking (EI) installations at 10 new stations, viz., Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan, and Bhadi stations.

The cost of the project is ₹178.64 crore.

Varun Beverages: Varun Beverages Ltd, a leading bottler of beverages major PepsiCo, on Monday said it will acquire a 50% stake in Everest Industrial Lanka for USD 3.75 million (about ₹32 crore). Everest Industrial Lanka (Pvt) Ltd (EIL) is a company in Sri Lanka engaged in the production, manufacturing, distribution, and selling of commercial visi-coolers and related accessories.
Godrej Properties: Godrej Properties has bought 14 land parcels across major cities to build housing projects with a revenue potential of about ₹26,500 crore in the last fiscal year and will continue to acquire more land to grow its business, its Chairperson, Pirojsha Godrej, said.

The company bought these land parcels, all outright, in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore.

ACME Solar Holdings: ACME Solar Holdings on Monday posted a sharp fall of over 77% in its consolidated net profit to ₹122 crore in the March 2025 quarter.

It had posted a net profit of ₹532.3 crore in the January-March period of the preceding 2023-24 financial year.

However, the company increased its total income to ₹539.2 crore from ₹318 crore in the year-ago quarter.

As per the filing, its finance costs increased to ₹205.5 crore from ₹177.3 crore in the January-March period of FY24.

Depreciation and amortisation expenses also rose to ₹102.2 crore from ₹61.2 crore in Q4 FY24.

For the entire FY25, the net profit rose to ₹250.8 crore from ₹697.7 crore in FY24.

New India Assurance: New India Assurance on Monday reported a about 2% in net profit at ₹347 crore in the fourth quarter ended March 2025.

The public sector general insurance company had a net profit of ₹354 crore in the March quarter of the 2023-24 fiscal year, according to a regulatory filing.

Total income, however, rose to ₹10,966 crore in the latest fourth quarter, up from ₹10,849 crore in Q4 of FY24.

For the full 2024-25 fiscal year, New India Assurance reported a 12.49% drop in net profit at ₹988 crore. In FY24, the net profit was ₹1,129 crore.

Ami Organics: Kotak Mahindra Mutual Fund on Monday bought a 6.6% stake in pharmaceutical company Ami Organics for nearly ₹301 crore through open market transactions.

According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares, or a 6.59% stake, in two tranches in Gujarat-based Ami Organics.

The shares were acquired at an average price of ₹1,115 apiece, taking the combined transaction value to ₹300.81 crore.

DLF: Realty major DLF Ltd's consolidated net profit jumped by 39% to ₹1,282 crore in the January-March quarter on higher revenue, while its sales bookings hit a record ₹21,223 crore in the whole of 2024-25, driven by strong demand for luxury homes.

The company's sales bookings rose 44% from ₹14,778 crore in the preceding 2023-24 financial year, helped by bumper pre-sales in its ultra-luxury housing project 'The Dahlias' in Gurugram.

Total income rose to ₹3,347.77 crore in the January-March quarter of the 2024-25 fiscal year from ₹2,316.7 crore in the corresponding period of the preceding year.

Power Grid Corporation of India: State-owned Power Grid Corporation of India on Monday reported an almost flat consolidated net profit of ₹4,142.87 crore in the January-March quarter of 2024-25 compared to the year-ago period.

The consolidated net profit stood at ₹4,166.33 crore in the quarter ended on March 31, 2024, a BSE filing showed.

Total income rose to ₹12,590.80 crore in the quarter from ₹12,305.39 crore in the same period a year ago.

For the 2024-25 fiscal year, the consolidated net profit was also flat at ₹15,521.44 crore as against ₹15,573.16 crore in the previous financial year. Total income in the fiscal rose to ₹47,459.38 crore from ₹46,913.12 crore in the year ago.

NLC India: NLC India Ltd on Monday reported an over four-fold jump in its consolidated profit at ₹468.46 crore in the quarter ended March 2025.

The company had posted a consolidated profit of ₹113.95 crore in the year-ago period.

The consolidated income of the company in the January-March quarter dropped to ₹3,971.90 crore from ₹4,034.53 crore in the year-ago period, NLC India Ltd said in a filing to BSE.

JK Paper: JK Paper Ltd on Monday reported a 72.34% decline in consolidated net profit to ₹77.05 crore in the fourth quarter ended March 31, 2025, hit by lower sales realisation due to continued high imports and an increase in wood cost.

The company had posted a consolidated net profit of ₹278.6 crore in the corresponding quarter previous fiscal year, JK Paper Ltd said in a regulatory filing.

Consolidated net revenue from operations in the fourth quarter stood at ₹1,689.5 crore as compared to ₹1,718.61 crore in the corresponding period previous fiscal year, it added.

"Lower sales realisation due to continued high imports and an increase in wood cost has impacted the performance," JK Paper said.

Shyam Metalics: Shyam Metalics and Energy on Monday announced its strategic entry into wagon manufacturing, stating that it will establish a production facility in West Bengal with an annual production capacity of 4,800 wagons.

Shyam Metalics will establish the plant through its step-down Ramsarup Industries in Kharagpur, West Bengal.

The facility, which is part of the company's five-year capex roadmap and was developed in two well-structured phases to enable scalable growth and operational efficiency, is expected to commence production by March next year, Shyam Metalics and Energy said.

Petronet LNG: Petronet LNG Ltd, India's biggest gas importer, on Monday reported its highest-ever quarterly profit during January-March after gas off-takers paid for volumes they had defaulted on previously.

Net profit of ₹1,070.18 crore in January-March – the fourth quarter of the April 2024 to March 2025 fiscal year – was 23.4% higher than the ₹737.68 crore earned a year back, according to the company's stock exchange filing.

The company received ₹360.94 crore in use or pay charges from offtakers for the volumes that they had committed to bring at the import terminals but did not bring since 2021.

Restaurant Brands Asia: Restaurant Brands Asia Ltd, master franchisee of the Burger King brand in India, on Monday said its consolidated net loss narrowed to ₹60.44 crore in the fourth quarter ended March 31, 2025.

The company had posted a consolidated net loss of ₹92.1 crore in the year-ago period, Restaurant Brands Asia Ltd (RBA) said in a regulatory filing.

Its consolidated revenue from operations in the quarter under review stood at ₹632.55 crore against ₹597.14 crore a year ago, it added.

The total expenses in the fourth quarter rose to ₹700.82 crore from ₹693.85 crore in the corresponding period of the preceding fiscal.

Waaree Energies: Waaree Energies on Monday said the company's board has approved a proposal to acquire Kamath Transformers Private Ltd for around ₹293 crore.

Kamath Transformers is in the business of manufacturing transformers.

"This acquisition is done as part of its business expansion activity," Waaree Energies said in an exchange filing.

The board also approved the acquisition of Green New Delhi Forever Energy Private Limited by Waaree Forever Energies Private Limited, a wholly owned subsidiary of Waaree Energies.

Karur Vysya Bank: Karur Vysya Bank on Monday reported about 13% growth in net profit to ₹513 crore for the quarter ended March 31, 2025.

The private sector lender had earned a net profit of ₹456 crore in the March quarter of 2023-24.

The Board has recommended a dividend of ₹2.60 per equity share (i.e., 130%) for the financial year ended March 31, 2025, the company said in a regulatory filing.

Its total income rose to ₹3,025 crore during the fourth quarter of FY25 from ₹2,813 crore in the corresponding quarter of FY24.

Dodla Dairy: Telangana-based Dodla Dairy on Monday reported a 45.12% annual growth in its consolidated net profit at ₹67.96 crore in the quarter ended March 2025.

The company's net profit stood at ₹46.83 crore during the corresponding quarter of the preceding fiscal, Dodla Dairy said in a regulatory filing.

Revenue from operations of the company grew by 15.51% during the quarter under review at ₹909.62 crore compared to ₹787.44 crore during the same period a year ago.

Texmaco Rail & Engineering: Engineering major Texmaco Rail & Engineering Ltd on Monday said it is targeting an EBITDA margin of 12-13% by March 2026, up from 10.3% in the 2024-25 fiscal year, driven by improved operational efficiency and business restructuring initiatives.

The margin in the last two quarters was lower due to many factors, a top company official said.

“The company is continuously improving its margin. We are aiming to increase the EBITDA margin level to 12-13% by the year-end. In FY25, we achieved an EBITDA margin of 10.3%, up from 9.5% from the previous fiscal year,” Managing Director Sudipta Mukherjee told PTI.

Insecticides India: Insecticides India, a leading company in the agrochemical sector, has set a target to increase its business to ₹200 crore in the current fiscal year in Madhya Pradesh, a top company official said on Monday.
"Madhya Pradesh is an important market for us. According to our estimates, agrochemicals worth around Rs 2,000 crore were sold by all companies in the state during the last financial year. Our company's share in this was approximately ₹150 crore," Insecticides (India) Ltd (IIL) Managing Director Rajesh Aggarwal told PTI here.
SBI: State Bank of India posted record profits of about USD 9.2 billion in the fiscal year ending March 2025, becoming only the third Indian company, after Reliance Industries and ONGC, to feature in the Global Top 100 companies ranked by net profit.

However, the bulk of SBI's profits are driven by a relatively small digital cohort, reported PTI.

SIP
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