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Shares of state-owned Bharat Heavy Electricals Ltd. saw choppy moves from the day’s high on Friday, May 16, in response to its March quarter results, which were a miss on analyst expectations. Net profit for the company increased by 4% to ₹504 crore, but a CNBC-TV18 poll had projected the figure to be ₹696 crore.

The US dollar continues its downward slide, and in turn, currencies in Asia have surged to near a seven-month high. There are at least two reasons for the dollar’s descent.

Debt-ridden telecom service provider Vodafone Idea Ltd. has cautioned the government that without state support, it will have to approach the National Company Law Tribunal (NCLT) for insolvency and will not be able to operate beyond the financial year 2025–26.

Vodafone Idea shares are trading at the price of ₹7.46, with gains of ₹0.23 or 3.18%.

Nava Q4

Net Profit (GU)13.6% At `234 Cr Vs `206 Cr (YoY)

Revenue (GU)10.2% At `1,018 Cr Vs `924 Cr (YoY)

EBITDA (RD)0.1% At `381.3 Cr Vs `381.7 Cr (YoY)

Margin At 37.5% Vs 41.3% (YoY)

The shares of BHEL are in focus after the company’s Q4 results. The company share are up 2.25%.#4QWithCNBCTV18 | #BHEL reports its Q4 earnings

Net Profit At ₹504 Cr Vs CNBC-TV18 Poll Of ₹696 Cr pic.twitter.com/yBmt62G1Oy

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

Net Profit Up 8.7% At ₹162 Cr Vs ₹149 Cr (YoY)

Revenue Up 8.1% At ₹963 Cr Vs ₹891 Cr (YoY)

EBITDA Up 4.1% At ₹219.4 Cr Vs ₹210.7 Cr (YoY)

Margin At 22.8% Vs 23.7% (YoY)

Shares of Dhanuka Agritech Ltd., the manufacturer of insecticides, pesticides and other chemicals, surged as much as 11% on Friday, May 16, in response to its March quarter results.

Net profit for the quarter increased by 28.8% from last year to ₹76.6 crore, while revenue went up by 20% to ₹442 crore from ₹368.3 crore during the same period last year.

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The shares of Patanjali Foods Ltd are under pressure on Friday, after the company announced its results on May 15.

The company shares are trading with a deficit of ₹41.30 or 2.28%, at ₹1,769.80 per share.

The company’s Q4 results are as follows: 

Tube Investments are up over 5% at the moment.

The stock has gained 22% in the past month.

 #4QWithCNBCTV18 | #DhanukaAgritech reports its Q4 earnings

????Net Profit Up 28.8% At ₹76 Cr Vs ₹59 Cr (YoY)

????Revenue Up 20% At ₹442 Cr Vs ₹368.3 Cr (YoY)

????EBITDA Up 37% At ₹109.8 Cr Vs ₹80.2 Cr (YoY)

????Margin At 24.8% Vs 21.8% (YoY) pic.twitter.com/GYl9zzyEZb

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

The escalation in the India-Pakistan conflict led to an increased emphasis on Defence stocks. This focus has only continued in the recent past. Now, in a new development, as pe sources, the defence industry is expected to get replenishment order worth ₹30,000-₹40,000 crore.

The shares of NCC Ltd are under pressure. The company shares declined by ₹7.80 or 3.40%, dipping to ₹221.65.

The company’s revenue growth for FY2026 stands at 10% vs estimate of 12% growth FY26 margin seen at 9-9.25% vs estimates of 9.7%.

Shares of Apollo Tyres Ltd gained up to 2% on Friday, May 16, after the company, in its concall, guided that its next quarterly earnings will be better than those it reported this week. It said the company was targeting double-digit growth.

The markets are trading low on Friday. In this, the Nifty IT appears to be particularly hit. The IT index has declined by 399.10 points, or 1.04%, taking the overall value to 37,894.70.

Some of the biggest losers here include the likes of HCL Tech with 1.86%. Infosys shares also declined, reducing by 1.60%. Tech Mahindra also dropped by 1.5%.

 #4QWithCNBCTV18 | #EurekaForbes reports its Q4 earnings

????Net Profit At ₹50 Cr Vs ₹21.4 Cr (YoY)

????Revenue Up 10.7% At ₹612.7 Cr Vs ₹553.6 Cr (YoY)

????EBITDA Up 44.7% At ₹77 Cr Vs ₹53.2 Cr (YoY)

????Margin At 12.6% Vs 9.6% (YoY) pic.twitter.com/375vdGCjYi

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

The Nifty Smallcap 100 index rose by a major 1.3% or 228 points on Friday, taking the overall value of the index to 17,468.05. This comes at a time when the benchmark indices, Sensex and Nifty 50, are trading low.

Some of the key forces behind this surge include the Garden Research Shipbuilding, with gains of 10%, followed by Titagarh and Rites, with about a 10% rise in their share prices.

Gold prices fell on Friday, May 16, and are set for their worst weekly performance since November 2024. The precious metal lost its shine as the US dollar strengthened and global trade tensions eased.

Tube Investments in focus#CNBCTV18Market | Tube Investments in focus

Positive commentary from concall post Q4 earnings. It has announced new rail contract of ₹8,000 crore and expects two businesses ( truck & 3-wheeler) to turn EBITDA positive tis year pic.twitter.com/kF7EYP827T

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

The NCLT has issued a notice to Gensol, seeking a response to the insolvency plea.  IREDA has cautioned that post SEBI order against Gensol, the company is now headless, saying the entire top management has walked out. Gensol required to respond before the next date of hearing; NCLT to hear IREDA’s insolvency plea against Gensol on June 3

Along with defence stocks, rail-related stocks are also on the rise.

Here is a list of Rail stocks that are soaring today.

RVNl shares rose by 9.01%

Rites shares surged by 8.58%

IRFC shares jumped by 4.83%

Jupiter Wagon shares jumped by 5.82%

In addition, the shares of IRCTC are also on the rise, jumping by 2.74%

Cochin Shipyard shares are on a roll, gaining another 11% on Friday. The stocks have been trading in green, making gains for the 6th straight trading session. This comes despite a recent negative commentary. Broking firm Kotak Institutional Equities has said that Cochin Shipyard shares are likely to fall nearly 60% from current levels.

The shares of Bharti Airtel are in focus as Singaporean company Singtel confirmed selling its stake in Bharti Airtel via block deals. The company sold 7.1 Cr shares worth $1.54 billon at ₹1,814/sh in Bharti Airtel.

The shares of Crompton rose by 6% on Friday after Q4 results. Leading fan and residential pump maker, Crompton Greaves Consumer Electricals Ltd, on Thursday (May 15), reported a 22.5% year-on-year (YoY) surge in net profit at ₹169.5 crore for the fourth quarter ended March 31, 2025, over ₹138.4 crore in Q4FY24.

Market Watch: Prakash Diwan, Market Expert

On real estate space: “If you want to play the real estate market, it’s better to do it through the cement, tiles and fittings rather than directly into real estate. The only company in NCR, which I have always found to be very promising given its portfolio and the way it’s grown in the last two-three years, deleverage itself and whatever is TARC. It’s a small company with an offshoot of the earlier Anant Raj family and you will find real estate being location specific and at times you end up having to look at very small names. So that is the only challenge you have, and of course it comes with its own share of liquidity issues etc., but by and large, nothing very stellar and even Signature Global with its numbers; hopefully it’s good for them that the PE multiple will start looking reasonable because it is so well priced.”

The shares of JSW Infra are in focus after it was reported that JSW Infrastructure promoter group entity Sajjan Jindal Family Trust has launched a block deal worth around ₹1,200 crore. The share price stands at ₹291.40, with a decline of ₹5.65 or 1.90%.

Kaynes Tech shares made major gains on Friday. This came to pass after the company announced its Q4 results. At the time of writing, the stock price stood at ₹6,805.00, after gaining ₹507.50 or 8.06%.

As markets open for the new day’s trade, here are some stocks that you may want to Buy/Sell.

Market Watch: Sudarshan Sukhani, Technical Trends

Buy Alkem Laboratories with a stop loss of ₹5,200

Buy Grasim Industries with a stop loss of ₹2,775

Buy HDFC AMCwith a stop loss of ₹4,600

Buy BELwith a stop loss of ₹342

Market Watch: Sudeep Shah, Head – Technical & Derivatives Research, SBI Securities

Buy MCXfor a target price of ₹6450-6500 with a stop loss of ₹6000

BuyShriram Financefor a target price of ₹710-720 with a stop loss of ₹650

The shares of Bharti Airtel are in focus after the shares worth nearly $1 billion changed hands in a large trade. The floor price of the block deal has been fixed at ₹1,800 per share, which is a discount of 3.6% to Thursday’s closing price for Bharti Airtel.

 #CNBCTV18Market | Market opens flat, #Nifty holds above 25,000 pic.twitter.com/mu2hjwikJN

— CNBC-TV18 (@CNBCTV18Live) May 16, 2025

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