Stocks to watch on May 30: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday following weak sentiment in global markets. Asian markets traded lower, while the US stock market ended higher overnight after an appeals court reinstated President Donald Trump’s reciprocal tariffs.
A federal appeals court offered Trump a temporary reprieve from a ruling threatening to throw out the bulk of his tariff agenda. Adding to concerns, the US economy shrank at the start of the year, restrained by weaker consumer spending and an even bigger impact from trade than initially reported.
Meanwhile US treasuries gained Thursday as traders upped expectations of Federal Reserve rate cuts following the contraction in the world’s largest economy in the first quarter of 2025 and as weekly jobless claims showed signs the labor market is cooling.
On Thursday, the Indian stock market ended higher led by fag-end buying in select blue-chip stocks.
Stocks in focus on May 30
Suzlon Energy: The company posted a net profit of ₹1,181 crore for the quarter, compared to ₹254 crore in the same period last fiscal, marking a 365% year-on-year growth. Revenue from operations during the quarter rose 73% year-on-year to ₹3,774 crore.
Ola Electric: Two-wheeler electric vehicle (EV) manufacturer Ola Electric on Thursday, May 29, informed that its consolidated net loss for the January-March (Q4) quarter of the financial year 2024-25 more than doubled to ₹870 crore amid a sharp decline in topline.
The net loss in the corresponding quarter last year stood at ₹416 crore.
Bajaj Auto: Bajaj Auto reported a rise of six per cent in net profit during the March quarter of FY25 to ₹2,049 crore, compared to ₹1,936 crore in the corresponding period last year. Higher motorcycle exports and foreign exchange gains made up for a slump in domestic demand.
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