After a pause on May 1 to mark Maharashtra Day, the markets are back in action for the last trading session of the week. With earnings season in full swing, several big names have dropped their quarterly numbers, auto companies have rolled out April sales data, and a slew of corporate updates have landed in just 24 hours. From Tata Motors slowdown to Federal Bank’s earnings beat and Infosys latest acquisition, there are plenty of stocks on their radar. If you’re wondering where the buzz is and which stocks to focus today, here is a list of stocks top watch today, May 2.
Market recap
Indian stock markets closed on a quiet note after a choppy trading session on April 30, with both benchmark indices ending just slightly in the red. The Sensex slipped by 46 points to settle at 80,242, while the Nifty inched down by nearly 2 points to close at 24,334
Stocks to watch on May 2, 2025
Tata Motors
Tata Motors, one of India’s most closely tracked auto majors and the parent company of Jaguar Land Rover, reported a dip in performance just as FY26 kicks off. The company’s total sales declined 6% to 72,753 units in April 2025 compared to 77,521 units a year earlier. Domestic sales also slipped 7%, coming in at 70,963 units.
Infosys
IT services heavyweight Infosys has concluded its acquisition of MRE Consulting. With this deal, Infosys strengthens its US presence, particularly in energy, manufacturing, and financial sectors.
Federal Bank
In the banking space, Federal Bank delivered a strong Q4 performance, reporting a 13.7% year-on-year rise in net profit to Rs 1,030.2 crore. However, net interest income (NII) came in slightly below expectations at Rs 2,377.4 crore versus a forecast of Rs 2,431.9 crore.
JSW Energy
JSW Energy, through its green energy arm JSW Neo Energy, has made headlines by signing a Pumped Hydro Storage Power Procurement Agreement with the Uttar Pradesh Power Corporation Ltd (UPPCL). The deal, which involves 1,500 MW/12,000 MWh of energy storage.
GR Infraprojects
Infrastructure player GR Infraprojects announced that its subsidiary Agra Gwalior Highway has signed a concession agreement with the National Highways Authority of India (NHAI) for a Rs 4,262.78 crore greenfield road project. This major contract is to increase the connectivity between Agra and Gwalior, and the government’s push for large-scale infrastructure through the Bharat Mala project.
One MobiKwik
In fintech news, One MobiKwik Systems’ subsidiary Zaak ePayment Service, popularly known as Zaakpay has received authorisation from the Reserve Bank of India to function as an Online Payment Aggregator. This approval enables it for digital payments across channels for B2B clients.
Puravankara
Real estate firm Puravankara has announced a board meeting on May 6 to consider raising Rs 300 crore through the issuance of secured, redeemable, unlisted and unrated non-convertible debentures (NCDs) via private placement.
Punjab Housing Finance
In the financial services sector, Punjab Housing Finance may see a shake-up in shareholder structure as Quality Investment Holdings PCC is reportedly looking to exit its 10.44% stake through a block deal. The floor price is expected to be around Rs 960 per share, according to sources cited by CNBC-TV18.
NCC
NCC, a key player in the infrastructure sector, has announced that it secured new contracts worth Rs 1,663 crore during April 2025.
Sundram Fasteners
Auto component manufacturer Sundram Fasteners posted a 6.9% year-on-year drop in net profit at Rs 124.4 crore for Q4FY25, despite a 4.4% revenue growth to Rs 1,530.6 crore. The dip was primarily due to weaker margins—EBITDA slipped 1.4% to Rs 224.7 crore, and EBITDA margins narrowed to 14.7% from 15.5%.
Earnings to watch today
A bunch of companies are ready to announce their quarterly results today, May 2. Big names like Marico and Godrej Properties are on the list, along with firms such as Archean Chemical, Aether Industries, and Tatva Chintan. Banks like City Union Bank and Indian Overseas Bank will also share how they did in the last quarter. Others to watch include Gravita India, Jindal Saw, Latent View, Parag Milk Foods, PNB Gilts, R R Kabel, Sanofi Consumer Healthcare, Subex, Sunteck Realty, and V-Mart Retail.