Stocks to Watch Today (May 7,2026): The Indian stock market ended with strong gains on Wednesday as late-session buying pushed benchmark indices higher by more than 1%. Positive global sentiment boosted investor confidence after reports suggested that the United States and Iran were close to reaching an agreement to end their ongoing conflict.
The 30-share BSE SENSEX jumped 940.73 points, or 1.22%, to close at 77,958.52. Meanwhile, the NIFTY 50 rose 298.15 points, or 1.24%, to settle at 24,330.95. Market analysts said strong buying across sectors during the final hours of trading helped both benchmark indices finish near the day’s highest levels.
Despite Wednesday’s strong rally, market indicators suggested that the upward momentum may slow on Thursday. Gift Nifty was trading near the 24,442 mark, slightly lower by over 5 points compared to the previous close of Nifty futures. This indicates a weak or flat start for the Indian stock market on May 7.
Stocks to Watch Today, Thursday, May 7
Several major companies will remain in focus as they are set to announce their Q4 FY26 earnings. Key stocks likely to attract investor attention include BSE Ltd., Britannia Industries, Bharat Forge, MRF Ltd., and Lupin Ltd. Investors will closely track these companies for quarterly performance updates and future business guidance.
Bajaj Auto
Bajaj Auto reported strong quarterly earnings for the March quarter. The company posted a standalone net profit of ₹2,746 crore in Q4 FY26, compared to ₹2,049 crore in the same period last year, registering a 34% year-on-year rise.
The growth was supported by improved sales and better operational performance.
Paytm
Paytm’s parent company returned to profitability in the fourth quarter. It reported a net profit of ₹184 crore, compared with a loss of ₹540 crore in the corresponding quarter of the previous year.
The turnaround was mainly driven by stronger operational efficiency and revenue growth.
PB Fintech
PB Fintech delivered robust earnings growth during the fourth quarter. The company’s net profit increased 54% year-on-year to ₹261 crore from ₹170 crore last year. Revenue also rose 37% to ₹2,061 crore, compared to ₹1,507.9 crore in the same quarter a year ago.
Meesho
E-commerce platform Meesho sharply reduced its losses during the March quarter. The company reported a consolidated loss of ₹166 crore, compared with ₹1,391 crore in the corresponding period last year. This marked an 88% reduction in losses.
Purple Wave
Purple Wave remained in focus after multiple bulk share transactions. Mansukhbhai Kurjibhai Khunt sold 85,000 shares, representing a 0.92% stake, at ₹126 per share. Meanwhile, Bhavna Hitesh Patel purchased 55,000 shares, equal to a 0.59% stake, at ₹126.34 per share. Shreni Shares also offloaded nearly 1.62 lakh shares, accounting for a 1.75% stake in the company.
Autoline Industries
IndiaNivesh Renaissance Fund sold 2.36 lakh shares, equivalent to a 0.55% stake, in Autoline Industries at ₹80.50 per share. At the end of the trading session, shares of the Maharashtra-based auto engineering company were trading at ₹78.40.
Trent
Trent Ltd. fixed June 4 as the record date for the issuance of bonus shares.
TD Power Systems
TD Power Systems announced that its board will consider a stock split proposal during its meeting scheduled for May 14.
Jio Financial Services
Jio Financial Services said it has invested ₹300 crore in Jio Finance Platform & Services to support ongoing business operations.
UltraTech Cement
UltraTech Cement received a tax demand order worth ₹809 crore from Mumbai authorities, making the stock one of the key companies to watch in Thursday’s market session.
Disclaimer: The views and stock market information shared in this article are for informational purposes only and should not be considered investment advice.
