Stocks to watch today: Global trends signal a weak start for domestic equities on Friday, May 5, 2023. At 08:15 AM, the Nifty futures on Singapore Exchange (SGX) traded 0.21 per cent or 37.5 points lower at 18,247.5. In the overnight trade, US stocks ended lower after Los Angeles-based PacWest Bancorp's move to explore strategic options deepened fears about the health of US lenders as pressure grows on regulators to take more steps to shore up the country's banking sector, as per a Reuters report. 

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Here's a look at the stocks that may remain in focus today - 

Earnings today: Adani Power, Britannia, Ajanta Pharma, Marico, Paytm, and Federal Bank, among others, are slated to release their March quarter numbers later in the day.

Tata Power on May 4 recorded a 48.5 per cent year-on-year growth in consolidated profit at Rs 938.8 crore for the quarter ended March 31, 2023. Consolidated revenue from operations came in at Rs 12,454 crore, up 4.1 per cent over the corresponding period of the last fiscal with de-growth in generation and renewables segments.

CEAT Ltd: The tyre maker Thursday reported an over five-fold rise in consolidated net profit at Rs 132.42 crore in the March quarter, riding on higher revenue and lower raw material cost. The company had posted a consolidated net profit of Rs 25.43 crore in the year-ago period, CEAT Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 2,874.82 crore in the fourth quarter as compared to Rs 2,591.99 crore in the corresponding period of FY22, it added.

Zydus Lifesciences Ltd on Thursday said it has received final approval from the US health regulator to manufacture and market sucralfate tablets used in the treatment and prevention of ulcers in the intestines. The approval granted by the US Food and Drug Administration (USFDA) is to manufacture and market Sucralfate Tablets of strength 1 gram, Zydus Lifesciences said in a regulatory filing.

Hero MotoCorp on May 4 reported a standalone net profit for the quarter ended March of Rs 859 crore, registering a year-on-year (YoY) growth of 37 per cent over Rs 627 crore reported a year back. The revenue from operations came in at Rs 8,307 crore, rising 12 per cent over Rs 7421 crore reported in the year-ago quarter, said the two-wheeler maker in a regulatory filing.

United Breweries: The beer maker on Thursday reported a decline of 93.97 per cent in its consolidated net profit to Rs 9.87 crore in the March quarter. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 163.78 crore in the January-March quarter a year ago, United Breweries Ltd (UBL) said in a regulatory filing on Thursday.

Blue Star: Air conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported a nearly three-fold rise in consolidated net profit at Rs 225.29 crore in the fourth quarter ended March 31, 2023, aided by profit on the sale of freehold land. The company had posted a consolidated net profit of Rs 76.27 crore in the same quarter previous fiscal, Blue Star Ltd said in a regulatory filing.

TVS Motor Company on Thursday reported a rise of 49 per cent in net profit to Rs 410.27 crore for the quarter ended March 2023. This is against a net profit of Rs 274.50 crore in the year-ago period. The consolidated revenue from operations rose by 19.4 per cent to Rs 6,604.78 crore for the quarter under review as against Rs 5,530.31 crore in the year-ago period.

Indraprastha Gas Limited (IGL) on Thursday announced that it has signed a Memorandum of Understanding (MoU) with Acme Cleantech Solutions Pvt Ltd (ACME) to jointly explore potential business opportunities for Green Hydrogen.