Stocks to watch, May 26: RVNL, Amara Raja, ONGC, IRCTC, Global Health, Hitachi Energy, Surya Roshni, BEL

The domestic stock market is expected to open lower on Tuesday, May 26. The GIFT NIFTY futures suggest that the NIFTY50 index will open 34 points lower.

The finance committee of the board, at its meeting held on May 25, inter alia, passed the resolutions to approve the closure of the issue pursuant to the receipt of application forms and funds in the escrow account from the eligible qualified institutional buyers in accordance with the terms of the issue, JSW Energy said in a statement.

The company's board has approved the allocation of 7,61,90,476 equity shares at an issue price of ₹525 apiece, which is at a discount of ₹9.05 per share, i.e., 1.69% to the floor price of ₹534.05, it said.

According to the block deal data on the National Stock Exchange (NSE), HDFC Mutual Fund purchased 10 lakh shares, representing a 0.37% stake in Global Health.

The shares were picked up at an average price of ₹1,225 apiece, taking the transaction value to ₹122.50 crore.

It had posted a net loss of ₹332.36 crore in the year-ago period, the company said in an exchange filing.

During January-March, the company's total income reduced significantly to ₹119.91 crore from ₹317.12 crore in the fourth quarter of 2024-25.

Its expenses surged to ₹890.50 crore from ₹649.48 crore logged in the last quarter of FY25.

The supply chain solution provider had posted a loss of ₹3.9 crore in the corresponding quarter of the preceding fiscal.

The consolidated revenue from operations for the quarter under review increased by 21.3% to ₹3,032 crore from ₹2,499 crore logged in Q4 FY25, the company said.

For the full financial year (2025-26), its PAT was ₹117 crore compared to a loss of ₹9.6 crore in FY25.

Its revenue from operations stood at ₹11,003 crore in FY26 compared to ₹9,996 crore in the year-ago period.

The company delivered strong double-digit growth in revenue, EBITDA, and profitability during the quarter, while full-year revenue crossed the ₹11,000 crore milestone, TVS Supply Chain Solutions said.

It has clocked a net profit of ₹183.9 crore during the same period a year ago, the company said in a statement.

During the latest January-March period, the company's revenue from operations rose 46.2% to ₹2,754.1 crore from ₹1,883.7 crore recorded in the fourth quarter of the preceding 2024-25 financial year.

For the entire FY26, its net profit rose to ₹987.8 crore from ₹384 crore in FY25. Revenues from operations also increased to ₹8,147.7 crore from ₹6,384.9 crore in FY25.

The company's board has approved a final dividend of ₹8 per share for FY26.

Under the agreement, IRFC will provide a term loan of ₹13,527 crore to refinance the debt obligations of the Hyderabad Metro Rail project.

IRFC will disburse ₹13,500 crore to Hyderabad Metro by June this year, as per the agreement, IRFC Chairman and Managing Director Manoj Kumar Dubey said.

Hyderabad Metro is the first metro project financed by IRFC, and the Railway Ministry PSU expects to finance more such brownfield projects in the near future.

The company had reported a net profit of ₹38.72 crore for the January-March quarter a year ago, according to a regulatory filing.

Its revenue from operations increased 46.57% to ₹341.56 crore in the March quarter of FY26, compared to ₹233 crore in the corresponding period a year ago.

The revenue growth was aided by “strong traction across newer hospitals in Greater Faridabad, Faridabad and Agra, contributing ₹75.3 crore in revenue, or 22% of the Group’s revenues”, the company said in its earnings statement.

Its existing hospitals reported 29% YoY revenue growth, the statement added.

Total expenses of Yatharth Hospital in the March quarter were up 57.33% at ₹296.7 crore.

The company had posted a net profit of ₹23.55 crore a year ago, according to a regulatory filing by Aditya Birla Fashion and Retail Ltd (ABFRL).

However, its revenue from operations grew 15.74% to ₹1,990.13 crore in the March quarter of FY26. It was ₹1,719.48 crore in the year-ago period.

This is the "highest organic growth in the last 12 quarters for the company", the company said in its earnings presentation.

The "consumption trend remains stable" as demand was in line with the last quarter, it added.

The quarter witnessed low wedding dates compared to the corresponding quarter of the last fiscal year. However, value retail continues to grow, driven by small-town expansions, it noted.

The company’s net profit stood at ₹24.24 crore in the year-ago period.

The total income rose to ₹433.93 crore during the fourth quarter of FY 2025-26 from ₹153.69 crore in the corresponding period of the preceding financial year, according to a regulatory filing.

During the full 2025-26 fiscal year, the company's net profit rose to ₹157.08 crore from ₹126.43 crore in the preceding fiscal. Total income climbed to ₹1,098 crore in FY26 from ₹753.11 crore in FY25.

Founded in 1968, Ajmera Realty & Infra India Ltd is one of the leading real estate developers in the country.

In the year-ago period, the profit stood at ₹101 crore, a company statement said.

Total income, however, slipped to ₹1,258 crore in the fourth quarter from ₹1,286 crore a year ago.

In the full 2025-26 fiscal year, the profit after tax rose 58% to ₹1,109 crore compared to ₹702 crore in the previous financial year. Total income jumped 23% to ₹5,928 crore year-on-year.

"FY26 marked a strategic inflection point for the company, with EBITDA crossing the ₹2,000 crore mark led by the increased contribution from the energy segment," Managing Director Pankaj Sarda said.

SEML is an integrated energy and minerals company with interests spanning power generation, mining, steel, and ferroalloys.

The company had logged a profit of ₹130.09 crore in January-March FY25, according to a regulatory filing from Surya Roshni.

Revenue from operations in the quarter was marginally up at ₹2,163.25 crore as compared to ₹2,145.83 crore a year ago.

Revenue from the 'Steel Pipe & Strips' segment was down 1.55% to ₹1,662.11 crore in January-March FY26 from ₹1,688.44 crore a year ago.

Its net profit stood at ₹11.23 crore in the year-ago period.

Total income rose to ₹429.16 crore during the fourth quarter of 2025-26 from ₹359.45 crore in the corresponding period of the preceding financial year, according to a regulatory filing.

For the full 2025-26 fiscal year, the company's net profit rose to ₹70.85 crore from ₹67.87 crore in the preceding financial year.

Total income climbed to ₹1,586.12 crore from ₹1,260.74 crore in the 2024-25 fiscal.

Awfis has a presence in 18 cities with more than 250 co-working centres.

“...The Board of Directors of PCTL (Paytm Cloud Technologies Limited)...has approved an additional investment by way of subscription to 9 million equity shares of EUR 1 (one euro only) each at a total consideration of EUR 9 million (nine million euros) in its wholly owned subsidiary, Paytm Europe Payments S.A. (Paytm Europe),” the company said in a filing.

The transaction is aimed at increasing the paid-up capital of Paytm Europe to support the funding requirements for its business. The transaction is expected to be completed on or before June 30, 2026, the company said.

The financial details of the order were not disclosed.

The order comprises a mix of AVTR 3120 haulage trucks, BOSS 1615 trucks, and Oyster staff buses, Ashok Leyland said in a statement.

The Hinduja Group's flagship company stated that the contract marks a significant step in strengthening its decades-long partnership with VRL Logistics.

Deliveries under the contract are already progressing as planned, with 300 trucks having been delivered so far. The remaining 415 vehicles are scheduled to be delivered within the current year, the company added.

The auto components and equipment firm’s revenue from operations increased 16% year-on-year (YoY) to ₹3,536 crore in the January-March period from ₹3,060 crore in the year-ago period.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 13% annually to ₹384 crore as against ₹341 crore in Q4 FY25. Its operating profit margin contracted to 10.86% in contrast to 11.14% on a yearly basis.

The firm stated that during the quarter, it received ₹186.72 crore from the insurance company as full and final settlement of its claim related to damage to property, plant, and equipment caused by a fire accident at its Chittoor manufacturing facility on January 30, 2023.

In the corresponding period of the preceding fiscal year, the company had logged a profit of ₹455.42 crore, according to a regulatory filing.

However, the Navratna PSU recorded a 4.18% YoY increase in its revenue from operations to ₹6,695.91 crore during the quarter under review, compared with ₹6,427.11 crore in the fourth 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 ₹269 crore in Q4 FY26, marking a 38.42% YoY drop from ₹436 crore in the year-ago period.

In a regulatory filing dated May 24, the Navrantna PSU stated that it secured additional orders worth ₹608 crore since its last disclosure on May 5, 2026.

The major orders received include communication equipment, avionics, information fusion centre, coastal surveillance radar system, seekers, jammers, tank subsystems, laser-based fuses, simulators, medical electronics, batteries, spares, service, etc.

Previously, on May 5, the company signed a contract with the Ministry of Defence valued at ₹1,251 crore, excluding taxes, for the supply of the Ground-Based Mobile ELINT System (GBMES) to the Indian Army.