Stocks in Focus: BSE, Britannia, Paytm, Meesho, Reliance Industries Make Headlines

India, May 07 : Indian equity markets witnessed another volatile trading session but ended with solid gains, supported by positive global cues and softer crude oil prices. Analysts believe the bullish momentum could continue in the near term, with benchmark indices expected to move towards the 24,550 and 24,750 levels. Strong support is seen in the 24,000–23,800 range, helping sustain investor confidence amid fluctuating market conditions.
Several major stocks are likely to remain on traders’ radar today due to quarterly earnings announcements and key corporate developments.
Earnings Season Keeps Market Participants Busy
A number of heavyweight companies including BSE, Britannia, Bharat Forge, Dabur, MRF, Biocon and Pidilite Industries are scheduled to announce their fourth-quarter earnings. Investors will closely monitor revenue growth, margins and future guidance from these firms to gauge sector-wise trends and overall economic momentum.
The earnings announcements are expected to influence broader market sentiment, especially in sectors such as FMCG, pharmaceuticals, auto components and specialty chemicals.
Paytm Returns to Profit in Fourth Quarter
Digital payments platform Paytm delivered a strong turnaround performance in the March quarter. Parent company One 97 Communications posted a consolidated net profit of Rs 184 crore, compared to a loss of Rs 540 crore during the same period last year.
The previous year’s results were impacted by one-time expenses linked to founder and CEO Vijay Shekhar Sharma surrendering his employee stock options. Improved operational efficiency and steady growth in digital financial services contributed to the company’s return to profitability.
The latest earnings are likely to boost investor sentiment around fintech companies, particularly amid growing adoption of digital payment services across India.
Bajaj Auto Reports Strong Growth in Profit and Revenue
Auto major Bajaj Auto posted a sharp rise in fourth-quarter earnings, driven by strong demand and improved operational performance. The company reported a standalone net profit of Rs 2,746 crore for the March-ended quarter, marking a 34 per cent increase from Rs 2,049 crore reported a year earlier.
Revenue from operations also jumped 32 per cent to Rs 16,006 crore compared with Rs 12,148 crore in the corresponding quarter of the previous financial year.
The strong earnings performance reflects robust domestic sales, export growth and healthy demand in the premium motorcycle segment.
Meesho Narrows Losses Significantly
E-commerce platform Meesho reported a major reduction in losses during the fourth quarter. The company’s consolidated loss narrowed to Rs 166 crore from Rs 1,391 crore in the year ago period, representing an 88 per cent decline.
The improvement highlights better cost management, rising order volumes and enhanced monetisation strategies adopted by the company. Investors are expected to watch the company’s future expansion plans and profitability roadmap closely.
PB Fintech Delivers Robust Quarterly Performance
PB Fintech, the parent company of Policybazaar and Paisabazaar, reported a strong financial performance for the March quarter. Consolidated profit after tax rose 54 per cent year on year to Rs 261 crore.
The growth was largely driven by expansion in its core insurance business, rising renewal income and continued traction in lending operations. The company’s strong earnings indicate increasing consumer demand for digital insurance and financial products.
Zee Entertainment Files Case Against Reliance-Disney Venture
Zee Entertainment has initiated legal action against the Reliance Disney joint venture, alleging unauthorised use of copyrighted music after licensing agreements had expired.
According to court documents, Zee claims that the joint venture continued using its music content despite the lapse of existing agreements. The dispute comes at a time when competition in India’s entertainment and streaming industry is intensifying rapidly.
The development is likely to attract investor attention toward media and entertainment stocks.
Hyundai Reaffirms Long-Term India Commitment
South Korean automobile giant Hyundai Motor Company reiterated its commitment to India as it completed 30 years of operations in the country.
The company stated that India remains a key manufacturing and innovation hub for its future mobility solutions. Hyundai also highlighted its plans to continue investing in advanced technologies, electric vehicles and exports from India to global markets.
The announcement underlines India’s growing importance in the global automotive supply chain.
Reliance Industries Plans Refinery Maintenance Shutdown
Reliance Industries is expected to temporarily shut some units at its 660,000 barrels-per-day refinery for maintenance work lasting around three to four weeks.
The planned shutdown is expected to take place after Nayara Energy resumes operations later this month, according to a senior petroleum ministry official.
The maintenance activity will be closely monitored by energy market participants as Reliance operates one of the world’s largest refining complexes and plays a significant role in India’s fuel supply chain.