Stocks to Watch Today (May 6, 2026): Vodafone Idea, Tata Power, L&T, Coforge, Paytm, Shree Cement, Bajaj Auto and more

Stocks to Watch Today (May 6, 2026): Indian markets on Wednesday, May 6, will remain driven by earnings and policy cues. Key Nifty stock Bajaj Auto will report results later in the day, while a host of F&O names including Coforge, Paytm, PB Fintech, Polycab, and Shree Cement will stay in focus. The Kissht IPO has closed with strong institutional demand. Meanwhile, cabinet decisions worth around Rs 1.53 lakh crore across sectors will influence sentiment.

Coforge

Reported a good set of numbers with most parameters above estimates. Revenue grew 5.2 per cent QoQ to Rs 4,450 crore. EBIT rose 26 per cent with margins improving to 15.7 per cent.
PAT jumped sharply, but is not fully comparable due to one-offs related to tax reversal and merger impact. Deal wins remained strong with TCV at $648 million. The company guided for robust growth and 20.5 per cent plus EBITDA margin in FY27.

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CAMS

(From previous session impact) Delivered a strong performance with record revenue and AUM growth. Continued traction in SIP registrations and equity assets remains a key positive.

KEI Industries

Reported mixed performance. Revenue and profit growth was strong but EBITDA was marginally below estimates. Margins were higher on an YoY basis.

Petronet LNG

Profitability remained strong despite revenue decline. Margins expanded sharply and the company beat estimates on most parameters. Dividend of Rs 3 per share announced.

Manappuram Finance

Reported improved asset quality and strong AUM growth. Profit turned positive YoY. However, return ratios missed guidance. Management outlook still optimistic with plans to expand in gold loan segment.

Aarti Industries

Delivered steady growth with margin expansion. EBITDA and profit improved on a YoY basis.

Tata Chemicals

Reported weak performance due to impairment charges and weak soda ash realizations. The company posted a significant loss during the quarter.

Jindal Stainless

Delivered strong growth in revenue, EBITDA, and profit. Margins expanded and dividend announced.

Sobha

Reported robust growth with sharp rise in revenue and profit. Dividend of Rs 6 per share announced.

Indian Energy Exchange (IEX)

Reported strong volume growth for April. Total volume rose 16.6 per cent YoY. Real-time market volumes surged 30 per cent. However, REC trading declined sharply due to supply constraints.

PTC India

Reported stable quarterly income at Rs 119 crore. Loan disbursements and sanctions grew sharply – a better pace of business.

Dalmia Bharat Sugar

Reported marginal decline in revenue but maintained strong operational performance. Sugar sales and realizations remained stable.

Key triggers

• Bajaj Auto results and buyback consideration
• Earnings from Paytm, PB Fintech, Polycab, Shree Cement, KPIT Tech
• Kissht IPO closes with 9.45 times subscription, strong QIB demand
• Cabinet approvals worth ~Rs 1.53 lakh crore across sectors

Key news developments

• IndiGo flight incident handled safely after power bank fire mid-air
• Vodafone Idea appoints Kumar Mangalam Birla as Non-Executive Chairman
• KEC International bags Rs 1,002 crore orders across segments
• UCO Bank gets major relief in GST case with demand sharply reduced
• Tata Power signs deal for 1,125 MW hydro project in Bhutan