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  5. Stocks To Watch, May 5: Vedanta, Sobha, Tata Chemicals, Tata Tech, L&T, M&M, Coforge, BEL

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Stocks To Watch, May 5: Vedanta, Sobha, Tata Chemicals, Tata Tech, L&T, M&M, Coforge, BEL

Swati Verma
By Swati Verma

6 min read | Updated on May 05, 2026, 08:29 IST

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SUMMARY

Stocks To Watch: A company law appeals court on Monday rejected a challenge by mining billionaire Anil Agarwal's Vedanta Ltd to the winning bid by Gautam Adani's group for bankrupt real estate firm Jaiprakash Associates Ltd (JAL), whose assets include India's only Formula One circuit.

Stock list

VEDL
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TATATECH
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SOBHA
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M&M
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Shares in focus, May 5, 2026

The GIFT NIFTY futures suggest that the NIFTY50 index will open 121 points lower. Image: Shutterstock

Stocks to watch: The domestic stock market is expected to open in negative territory on Tuesday, May 5. The GIFT NIFTY futures suggest that the NIFTY50 index will open 121 points lower.
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Here is a list of stocks that may remain in focus today.
Earnings today: As per the morning list, around 68 companies are slated to release their March quarter earnings today. The list includes names such as Larsen & Toubro (L&T), Mahindra & Mahindra (M&M), Punjab National Bank, Marico, Hero MotoCorp, Coforge, and United Breweries, among others.
Tata Chemicals: Tata Chemicals on Monday, May 4, reported its earnings for the fourth quarter of the 2025-26 financial year (Q4 FY26).

Its consolidated net loss expanded to ₹2,132 crore in Q4 FY26, compared to a loss of ₹56 crore in the same period last year.

The bottom line was impacted by an exceptional charge of ₹1,837 crore on account of goodwill impairment in the US.

Its revenue from operations declined 2.02% YoY to ₹3,438 crore for the reporting quarter, as against ₹3,509 crore in the March FY25 quarter.

The topline was impacted by lower realisation, mainly due to lower exports to the United States. However, it was offset by higher volumes in India.

Vedanta: A company law appeals court on Monday rejected a challenge by mining billionaire Anil Agarwal's Vedanta Ltd to the winning bid by Gautam Adani's group for bankrupt real estate firm Jaiprakash Associates Ltd (JAL), whose assets include India's only Formula One circuit.

The National Company Law Appellate Tribunal (NCLAT) did not find merit in the issues raised by Vedanta and dismissed its two petitions.

A bench comprising Chairperson Justice (retired) Ashok Bhushan and Technical Member Barun Mitra held that the Committee of Creditors (CoC) was right in preferring Adani Group's ₹14,535 crore bid over Vedanta's resolution plan for JAL.

That decision was approved by the National Company Law Tribunal (NCLT), against which Vedanta went into an appeal in the NCLAT.

Adani Ports and Special Economic Zone (APSEZ): According to news reports, Worldwide Emerging Market Holding sold approximately 45.9 million (4.59 crore) shares in Adani Ports, which was executed through block deals on the BSE, reportedly involving a price of around ₹1,632 per share.
SpiceJet: The Delhi High Court on Monday dismissed pleas moved by SpiceJet and its promoter Ajay Singh seeking a review of an earlier order asking the airline to deposit Rs 144 crore in connection with its legal dispute with media baron Kalanithi Maran and Kal Airways.

Justice Subramonium Prasad also imposed a cost of ₹50,000 on the airline and Singh and directed them to take immediate steps to deposit the amount of ₹144,51,69,887 with the registry.

On January 19, the court directed SpiceJet and Singh to deposit ₹144 crore with the registry within six weeks against an admitted liability of ₹194 crore, pursuant to an arbitration award against them in their dispute with Maran. On March 18, the time to make the deposit was extended by four weeks.

Singh and his budget airline had sought a reconsideration of the March 18 direction on several counts, including financial distress amid the ongoing West Asia conflict.

BEL: Defence PSU BEL, Metamind Systems Private Ltd, and Kristellar Aerospace Private Ltd on Monday signed a tripartite MoU here for co-operation and co-development of future-ready products and technologies for both defence and non-defence segments.

The MoU aims to leverage their complementary strengths in business facilitation and technological innovation, BEL said, in a statement.

While Metamind is an Indian technology firm specialising in AI-driven data analytics and digital transformation solutions, Kristellar is a next-generation Indian aerospace & defence technology startup engaged in the design, development, and manufacture of mission-critical products, systems, and solutions in aerospace and defence technologies.

Jaiprakash Power Ventures: Jaiprakash Power Ventures Ltd (JPVL) on Monday reported a consolidated net loss of ₹13.37 crore in the March quarter due to higher expenses.

The company had reported a consolidated net profit of ₹155.67 crore in the quarter ended on March 31, 2025, a regulatory filing showed.

Total expenses rose to ₹1,468.81 crore in the quarter from ₹1,165.75 crore in the same quarter a year ago.

Total income also increased to ₹1,470.79 crore from ₹1,366.67 crore in the same period a year ago.

During fiscal 2025-26, the consolidated net profit dipped to ₹450.63 crore from ₹813.55 crore seen in the year-ago period.

Tata Technologies: Global product engineering and digital services firm Tata Technologies Ltd on Monday reported an 8% increase in consolidated net profit to ₹204.17 crore during the March quarter.

The company had posted a consolidated net profit of ₹188.87 crore in the corresponding quarter of the previous fiscal year.

Consolidated revenue from operations in the fourth quarter was at ₹1,572.22 crore as compared to ₹1,285.65 crore in the year-ago period, it added.

Total expenses in the fourth quarter were higher at ₹1,382.62 crore as compared to ₹1,088.2 crore in the year-ago period, it added.

For FY26, consolidated net profit was at ₹546.59 crore as compared to ₹676.95 crore in FY25.

Consolidated revenue from operations in FY26 stood at ₹5,505.57 crore as against ₹5,168.45 crore seen in FY25, the company said.

Sobha: Realty firm Sobha Ltd on Monday reported a more than two-fold jump in consolidated net profit to ₹91.83 crore for the March quarter on higher income.

Its net profit stood at ₹40.85 crore in the year-ago period.

Total income rose to ₹2,029.92 crore during the fourth quarter of the last fiscal year from ₹1,270.73 crore seen in the corresponding period of the preceding year, according to a regulatory filing.

Jindal Stainless: Jindal Stainless on Monday posted over 41% growth in consolidated net profit to ₹834.21 crore for the quarter ended March 31, driven by higher revenues.

It had reported a net profit of ₹589.96 crore in the year-ago period, the stainless steel maker said in an exchange filing.

During the fourth quarter, the company's total income rose to ₹11,427.91 crore from ₹10,292.27 crore in the January-March period of the preceding 2024-25 financial year.

For the entire FY26, the company's net profit jumped to ₹3,184 crore from ₹2,499.72 crore in the year before. Total income rose to ₹43,306.14 crore during the fiscal year ended March 2026, from ₹39,603.06 crore in the 2024-25 financial year.

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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