The Indian stock market opened with several companies in focus following fresh earnings updates. IRCTC, Asian Paints, NTPC, Reliance Infrastructure, and GAIL released key announcements that could move their stocks. While some reported steady profits, others are navigating tax demands, cost pressures, or legal disputes. Global price trends and investment plans are also shaping the outlook for a few names. Here’s a quick look at the top stocks making headlines today.
Stocks to Watch Today
IRCTC
IRCTC has received a service tax notice of Rs 6.79 crore. The demand relates to the renting of property between 2007 and 2011. This may affect the stock in the short term.
Asian Paints
Asian Paints reported a 6% drop in Q1 profit, which came in at Rs 1,100 crore. Revenue slipped slightly to Rs 8,939 crore, mainly due to weak demand and strong competition. The result met market expectations.
NTPC
NTPC posted a 5.85% rise in Q1 profit at Rs 4,774 crore. However, its revenue fell 4.2% year-on-year to Rs 42,572 crore.
Reliance Infrastructure
MMRDA has deposited Rs 560.21 crore with the Bombay High Court in an ongoing arbitration case. The case involves Mumbai Metro one, a joint venture between Reliance Infra (74%) and MMRDA (26%).
GAIL
GAIL expects global gas prices to come down, which should help improve margins. The company plans to spend Rs 12,000 crore by FY27 and is using hedging to manage price risk.
