Stocks to Watch Today: eMudhra, Infosys, Swiggy, HPCL, Havells, Sun Pharma, JSL

Market Movers: Key Stocks to Watch Amid Mixed Global Cues

As global markets show signs of pressure, Indian investors are keeping a close eye on several key stocks that could influence market sentiment today.

Global Market Overview

As of early trading, the GIFT Nifty indicates a positive start for Indian equities, trading at 22,820, up 111 points or 0.49%. This comes after a challenging session on Thursday, where the BSE Sensex fell by 460.30 points, or 0.62%, and the NSE Nifty dropped 123.70 points, or 0.54%. Asian markets are under pressure, with Japan’s Nikkei 225 and South Korea’s Kospi declining by 1.93% and 2.64%, respectively, reflecting a tech-led selloff on Wall Street.

In commodities, oil prices have surged due to supply disruptions following Houthi attacks on Saudi Arabia, with Brent crude rising to $114 and WTI crude at $100.3. This spike in oil prices could further impact companies reliant on fuel, such as HPCL.

eMudhra’s Strategic Withdrawal

eMudhra has announced its decision to voluntarily withdraw from the global SSL/TLS certificate business due to vulnerabilities found in its digital certificates. This move is significant as it reflects the company’s commitment to security and could impact its revenue streams. Investors will be keen to see how this decision affects eMudhra’s market position and future growth prospects.

HPCL’s Profit Decline Amid Rising Costs

Hindustan Petroleum Corporation Limited (HPCL) reported a 9% decline in its Q2FY27 profit, attributed to higher tax expenses and soaring crude prices that have squeezed margins. The standalone net profit fell to ₹3,483 crore, while average global Brent crude prices rose nearly 40% year-on-year. This decline in profit could raise concerns among investors regarding HPCL’s ability to maintain margins in a volatile pricing environment.

Swiggy’s Revenue Growth Amid Losses

Swiggy has reported a 15.6% year-on-year decline in its net loss, narrowing it to ₹922 crore for Q2FY27. However, revenue from operations surged by 36% year-on-year to ₹7,571 crore. This growth in revenue amidst losses indicates a strong demand for food and grocery delivery services, but investors will be watching closely to see how Swiggy plans to achieve profitability in the competitive landscape.

Key Earnings Reports to Watch

Today marks the release of several significant quarterly results, including Infosys, Adani Power, and JSW Steel. Investors will be keen to analyze these results for insights into the health of the IT and energy sectors, especially in light of the recent market fluctuations. The performance of these companies could set the tone for broader market sentiment moving forward.

Key Highlights

• GIFT Nifty indicates a firm start for Indian equities, up 111 points.
• HPCL reports a 9% decline in Q2 profit amid rising crude prices.
• Swiggy narrows net loss by 15.6%, with revenue growth of 36%.
• eMudhra withdraws from global SSL/TLS certificate business.
• Key earnings reports from Infosys and Adani Power expected today.

Investor Note: Investors should closely monitor the developments in these key stocks, particularly in light of the mixed signals from global markets and fluctuating commodity prices. The performance of major companies reporting earnings today could significantly influence market sentiment in the near term.