Stock Market Highlights & Stock to Watch – May 23
Key Results Today Watch out for earnings from JSW Steel, Ashok Leyland, Glenmark Pharma, and Aditya Birla Fashion, among others. Big Earnings Updates: • ITC: Profit (including gains) jumps to ₹19,561.6 Cr! Revenue up 9.6%. • Sun Pharma: Profit drops 19%. Revenue up 8.1%. • Power Mech: Profit soars 54%, revenue jumps 42%. • MTAR Tech: Profit up 182%! • Metro Brands: Profit down 39%. • Grasim: Loss narrows, revenue up 32%. • HFCL: Posts ₹81 Cr loss. Revenue drops 40%. Stocks in Focus: • Trent & BEL to join BSE Sensex. • Nestle & IndusInd Bank to exit. • Ola Electric to raise ₹1,700 Cr. • Tata Steel expands plant capacity to 8 MTPA. • TVS Motor to supply 500 electric 3-wheelers. • Adani Ports to raise ₹6,000 Cr via bonds. • Hexaware opens Chicago office. • Veedol OFS withdrawn by promoter. Big Bulk Deals: • TD Power: Major promoter selling. Goldman Sachs & others buy large stakes. Ex-Date Alerts: Stocks like LTIMindtree, Havells, and Sula Vineyards trade ex-dividend. Dhampur Sugar goes ex-date for buyback. Mahindra Lifespace trades ex-date for rights issue. F&O Ban Stocks: Dixon Tech, RBL Bank, Manappuram Finance, and Titagarh Rail.

















