The Indian stock market may open higher today. This comes after Asian markets increased following a trade deal between the US and Japan. Investors will focus on company results, especially from finance and manufacturing. Stock prices are already high, so good results are important. People are now putting money into select sectors like electronics makers and metal companies. Here are the top stocks to watch today:
Stocks to Watch Today
Hyundai Motor India
The tax department sent Hyundai a GST notice worth Rs 517.34 crore. They say Hyundai didn’t pay enough compensation cess on some SUV models between 2017 and 2020. This case could impact how people view Hyundai’s compliance.
Lloyds Metals and Steel
Lloyds announced it would invest over Rs 40,000 crore in building a steel plant in Gadchiroli, Maharashtra. They plan to complete this over the next five years. This move shows their big push into a long-term goal.
Dixon Technologies
Dixon doubled its profit this quarter to Rs 230 crore. Strong demand for mobile phones and electronics helped the company grow. Dixon continues to lead India’s electronic manufacturing sector.
Mahindra Finance
Mahindra Finance posted a 6% jump in net profit to Rs 529 crore in the first quarter. The company grew its loan book and improved asset quality. Investors are watching to see if it can maintain this pace.
Oberoi Realty
One institutional investor plans to sell around 3% of its stake in Oberoi Realty today. The block deal is worth Rs 230 million. This could put short-term pressure on the stock price.
