Stock Market Update: Essential Information for Trading on May 21

Stocks market headlines, major brokerage recommendations of the day, full trading setups, and additional insights.

The main equity indices finished lower for the third straight session on Tuesday due to fluctuations in the local stock markets. The NSE Nifty 50 droppedby 261.55 points, or 1.05%, closing at 24,683.9, while the BSE Sensex declined by 872.98 points, or 1.06%, to end at 81,186.44.

Foreign portfolio investors remained net sellers of Indian stocks for the second consecutive day on Tuesday, selling shares valued at Rs 10,016.1 crore, the largest amount since February 28, based on the provisional figures from the National Stock Exchange.

• Upcoming Nifty Earnings to Monitor

IndusInd Bank

Oil & Natural Gas Corp

• Important Companies Earnings Post Market Hours

Dixon Tech Q4 Earnings (Cons, YoY)

• Revenue of Rs 10,293 crore (Bloomberg estimate: Rs 10,748 crore) as compared to Rs 4,658 crore which is an increase of 121%.
• EBITDA also increased by 143% from Rs 182 crore to Rs 443 crore (Bloomberg estimate: Rs 403 crore).
• Margins grew from 3.9% to 4.3% (Bloomberg estimate: 3.7%).
• Net profit also increased by 322% to Rs 401 crore compared to Rs 95 crore (Bloomberg estimates: Rs 217 crore).
• Exceptional Gain of Rs 250 crore in Q4 FY25. Mobile & Other EMS Division grew by 194% from 3,091 crore to 9,102 crore.

J Kumar Infra Q4 Earnings (Cons, YoY)

• Revenue increased 14.6% to Rs 1,633 crore from Rs 1,425 crore;
• EBITDA increased 16.3% to Rs 236 crore from Rs 203 crore;
• Margin increased 14.5% from 14.2%;
• Net profit increased 14% to Rs 114 crore from Rs 100 crore.

Whirlpool Of India Q4 Earnings (Cons, YoY)

• EBITDA was up 27.4% at Rs 183 crore versus Rs 144 crore (Bloomberg estimate: Rs 157 crore),
• Margin was at 9% versus 8.3% (Bloomberg estimate: 7.9%),
• Net profit was up 53.6% at Rs 119 crore versus Rs 77.6 crore (Bloomberg estimate: Rs 100 crore).
• Revenue was up 15.6% at Rs 2,005 crore versus Rs 1,734 crore (Bloomberg estimate: Rs 1,990 crore).

Stocks In Focus

• Senores Pharma: The business has an agreement with Wockhardt to purchase its US FDA-approved ANDA for Enalapril Maleate Tablets through an arm. Enalapril is used to treat heart failure and hypertension.
• United Breweries: By acquiring an extra facility from Ilios Breweries in Andhra Pradesh, the company is expanding its manufacturing capacity.
• State Bank of India: The business authorized the issuance of foreign currency bonds in several tranches for a maximum of $3 billion.
• Astra Microwave Products: On a preferential basis, the company issued convertible warrants valued at Rs 174 crore.
• Coal India: The business makes it clear that plans are underway to list CMPDIL and BCCL, which are CIL’s fully owned subsidiaries.
• Nazara Tech: Fusebox Games, a UK-based company, teams up with Banijay Rights to launch Big Brother: The Game worldwide.
• Sonata Software: ‘AgentBridge’, a managed services solution for agentic workflows, is introduced by Sonata Software.
• Ugro Capital: The business authorized the issuance of convertible bonds worth Rs 914 crore and a rights issue worth Rs 400 crore.

FnO Cues

• Nifty May Futures fall 0.78% to 24,782, at a premium of 99 points.
• Open interest in the nifty May futures is down 5.09%.
• Nifty Options May 22 Expiry: 25,000 is the maximum call open interest, and 24,000 is the maximum put open interest.
• RBL Bank and Manappuram Finance are the stocks included during the prohibition period.

Currency Updates

• The Indian rupee maintained its decline, falling 24 paise to Rs 85.64 against the US dollar on Tuesday, as opposed to its closing value of Rs 85.40 on Monday.