L&T, DMart, Paytm and M&M Finance among stocks to watch today

At 8:19 am, Gifty Nifty futures traded higher by 0.5 per cent or 112.3 points at 22,687.5 points, indicating a positive opening for the markets today. Indian equities in the previous trading session ended sharply lower dragged by losses in heavyweights. Nifty after marking an all-time high intraday, ended lower by 0.76 per cent or 172.35 points at 22,475.85, while Sensex shed 732.96 points or 0.98 per cent and settled at 73,878.15.

Here are the key stocks that will remain in focus today:

M&M Financial Services: 

The company for the March-ended quarter reported income at Rs 4,280 crore versus Rs 3,643 crore YoY. PAT, however, came in at Rs 671 crore as against Rs 675 crore in the same period a year-ago.

L&T:

CRISIL, the rating agency, has assigned CRISIL AAA/ Stable rating for the NCDs proposed to be issued by the infra major.

DMart:

The company’s income for the March ended quarter has been reported at Rs 12,727 crore versus Rs 10,594 crore on year. PAT also increased sharply to Rs 563 crore as against Rs 460 crore YoY.

Kansai Nerolac:

The company's board has approved to increase the capacity of Industrial alkyd and polyester Resin at Sayakha plant of the company by 460 MT/month; simultaneously expand the capacity of Acrylic Resin at Bawal plant  by 390 MT/month. 

Tata Power:

The company has signed a Power Purchase Agreement with SJVN for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project.

Titan:

Global brokerage Citi maintains a 'neutral' rating on the stock with the target slashed to Rs Rs 3650 from the earlier Rs 3850 per share. The brokerage held that the company's Q4 profitability was below expectations and there remains risk to margins going ahead.

IDBI Bank:

The private sector lender posted an increase in net interest margin for the January-March period to 4.91 per cent as against 4.72 per cent in the December ended quarter. The asset quality also logged an improvement. 

CDSL:

The profit after tax (PAT) at the company climbed a sharp 104.8 per cent on year to Rs 129 crore as against Rs 63 crore in the same period last year. 

Century Textiles and Industries:

Aditya Birla Sun Life Mutual Fund has pared its stake in the company by selling 22.3 lakh shares, equating to 2 per cent stake. The deal took place through the open market on April 30.