Several major Indian companies are expected to be in focus during Friday's trading session, according to market reports. Asian Paints Ltd., BEML Ltd., NMDC Ltd., Coal India Ltd., and Indian Renewable Energy Development Agency Ltd. are among the stocks likely to attract investor attention. The focus comes as these companies have significant earnings announcements and corporate developments that could impact their stock performance.
Nifty ended the session almost flat at 23,907.15, down just 0.03%, continuing to consolidate around the 24,000 zone. The daily chart shows the index trading within an upward-sloping regression channel, with the current positioning near the middle of the channel, indicating steady strength. India VIX declined sharply by 7.13% to settle at 14.98, dropping below the 15 mark for the first time since the March correction began. The near-term outlook remains positive, with a buy-on-dip approach likely to remain intact as long as 23,670 is defended.
Varroc Engineering reported strong Q4 performance with revenue rising 12.8% to ₹2,368 crore compared to ₹2,099 crore in the previous year. The company's EBITDA increased 8.0% to ₹230 crore while net profit surged to ₹69.3 crore from ₹20.6 crore. However, the company recorded a one-time loss of ₹56 crore in Q4 FY25. The board approved raising up to ₹500 crore via NCDs and increased borrowing limit to ₹3,000 crore.
Coal India is set to see government action as the government will exercise the oversubscription option of 1% (6.2 crore shares) in its ongoing OFS, taking the total offer size to 2% (12.3 crore shares). Retail investors can subscribe to 10% of the total offer starting May 29. Meanwhile, Reliance Industries has fixed June 5 as the record date for determining FY26 dividend eligibility, with its 49th AGM scheduled for June 19.
