Indian equity markets opened on May 12, 2025, with a positive outlook as investors monitored key stocks including Tata Steel, Dr Reddy’s, and SBI, driven by quarterly results, strategic deals, and sector momentum amid easing geopolitical concerns.
Indian equity markets opened with cautious optimism, supported by company earnings and strategic developments in key stocks. This follows a volatile previous week marked by geopolitical tensions. Investors are now keenly focused on corporate results and business news that may steer market direction across sectors.
In Maharashtra, Tata Steel, one of India’s largest steel producers, will declare its Q4 FY25 results today, drawing close attention from market watchers. In Telangana, Dr Reddy’s Laboratories, a Hyderabad-based pharmaceutical major, posted a robust 22% rise in net profit year-on-year, reaching ₹1,594 crore for Q4, driven by strong performance across therapeutic areas.
Swiggy, the Bengaluru-based online food delivery platform, reported a sharp increase in net losses to ₹1,081 crore in Q4 FY25. Despite a 45% surge in revenue, rising EBITDA losses and IPO concerns could weigh on sentiment.
Adani Power, based in Gujarat, secured a significant project to supply 1,500 MW thermal power to Uttar Pradesh under a DBFOO model, quoting a competitive tariff of ₹5.383 per unit.
State Bank of India (SBI), headquartered in Mumbai, announced the sale of a 13.19% stake in Yes Bank. Japan’s Sumitomo Mitsui Banking Corporation will acquire a total 20% stake for ₹13,483 crore, involving SBI and seven other banks.
Public sector Bank of India reported an 82% increase in quarterly net profit to ₹2,626 crore, aided by recoveries from written-off assets, while Canara Bank raised ₹16,700 crore in deposits by engaging its 82,000 employees.
GAIL (India) Ltd signed an MoU with the Karnataka government to explore renewable energy projects with a potential capacity of 1 GW. In another renewable move, NTPC Green Energy appointed Sarit Maheshwari as CEO, replacing Rajiv Gupta.
Chennai-based TVS Motor remained optimistic about the two-wheeler market, backed by rising infrastructure spending and expectations of a normal monsoon. Meanwhile, Raymond Lifestyle’s CFO Sameer Shah resigned, effective July 31.
Manappuram Finance surprised markets with a Q4 loss of ₹203.2 crore due to high impairment costs of ₹919 crore, while Reliance Power posted a turnaround profit of ₹126 crore due to reduced expenses.
Bengaluru-based BEML declared a second interim dividend of ₹15/share and a 19% rise in quarterly revenue to ₹726 crore. ACME Solar began power generation from its Sikar Solar Project in Rajasthan, with full capacity expected to generate 780 million units annually.
Union Bank of India recorded a 51% rise in Q4 profit to ₹4,984.9 crore, driven by other income growth.
Other companies scheduled to release their Q4 FY25 results today include SRF, UPL, Krishna Institute of Medical Sciences, Chalet Hotels, PVR INOX, Bajaj Electricals, Happiest Minds Technologies, Ather Energy, and CARE Ratings—keeping market participants closely engaged.
