ITC, JSW Steel, NTPC Green, Ashok Leyland, Concor, Sun Pharma, And Others

Last Updated:May 23, 2025, 07:35 IST

Stocks to watch: Shares of firms like ITC, ONGC, IndusInd Bank, IndiGo, TCS, NTPC Green, and others will be in focus on Friday’s trade

Stocks To Watch On May 23: Following a sharp sell-off triggered by weak global cues and a decline in the US stock market, Indian equities witnessed heightened pressure on Thursday. Investors are expected to stay alert to both macroeconomic indicators and company-specific developments. Here’s a snapshot of stocks likely to be in focus during today’s trading session:

JSW Steel, Azad Engineering, Devyani International, Ashok Leyland

These stocks will be in the spotlight as the companies gear up to announce their March quarter results.

ITC Ltd

ITC reported its Q4FY25 earnings on Thursday, May 22, posting a consolidated net profit of Rs 19,807 crore. This significant jump was largely attributed to a one-time gain of Rs 15,145 crore from the demerger of its Hotels Business into ITC Hotels Limited.

NTPC Green Energy

On Thursday, NTPC Green Energy Ltd. announced its win in an e-reverse auction conducted by NHPC Ltd. on Wednesday.

Sun Pharma

The company reported an 8.1% increase in revenue for the quarter, reaching Rs 12,958.8 crore, compared to Rs 11,982.9 crore in the same period last year.

Grasim Industries

The Aditya Birla Group flagship posted a net loss of Rs 288 crore in Q4FY25, narrowing from a loss of Rs 441 crore in the same quarter a year earlier.

Container Corporation of India (Concor)

Concor reported a 1.6% drop in net profit to Rs 298.5 crore in Q4FY25, down from Rs 303.3 crore in Q4FY24.

HFCL

The company posted a net loss of Rs 81.4 crore in the March quarter, a sharp decline from a net profit of Rs 110 crore a year ago, due to reduced demand for optical fibre cables (OFC).

Gujarat State Petronet

The company saw its Q4 net profit plummet 53.6% year-on-year to Rs 220.3 crore, down from Rs 475 crore in Q4FY24.

Hindustan Copper

The state-owned miner will consider raising up to Rs 500 crore via non-convertible debentures (NCDs) or bonds through private placement during its board meeting scheduled for May 27.

Ramco Cements

The Tamil Nadu-based company reported a net profit of Rs 31 crore for Q4FY25, marking a steep 74.5% year-on-year decline.

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