The GIFT Nifty futures, which are an early indicator of the Nifty50 index, were trading higher by 496 points at 24,561.5, indicating that the domestic benchmark indices are likely to make a positive start on Monday.

On Friday, 9 May, Domestic benchmark indices S&P BSE Sensex tumbled by 880.34 points or 1.10%, and settled at 79,454.47, while the Nifty50 traded 1.10% higher by 265.80 points, settling at 24,008.

Here are some stocks that are likely to remain in focus on 12 May.

Quarterly Results Today: Tata Steel, UPL, Ather Energy, CARE Ratings, Chalet Hotels, Bajaj Electricals, Happiest Minds Technologies, JM Financial, Jyothy Labs, Prudent Corporate Advisory Services, PVR Inox, Krishna Institute of Medical Sciences, Krsnaa Diagnostics, Raymond, SRF, Zaggle Prepaid Ocean Services, and Vijaya Diagnostic Centre are some of the prominent companies set to announce their quarterly earnings for January-March. 

Adani Power: Adani Power is making headlines after emerging as the lowest bidder to supply 1,500 MW of thermal power to Uttar Pradesh. The electricity will be sourced from a greenfield ultra-supercritical thermal plant developed under the DBFOO (Design, Build, Finance, Own, and Operate) model. Adani secured the deal with a levelised tariff of Rs 5.383 per unit, offering it a clear competitive advantage in the bidding process.

Yes Bank: Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire a 20% stake in Yes Bank for Rs 13,482 crore, valuing shares at Rs 21.50 apiece. Under the share purchase agreement, SMBC will buy a 13.19% stake from SBI, while the remaining 6.81% will come from HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank.

Reliance Power: Reliance Power, a company under Anil Ambani’s group, posted a surprise profit of Rs 125.6 crore in Q4FY25, bouncing back from a loss of Rs 397.6 crore in the same quarter last year. Despite a slight dip in revenue, the company’s operating profit (EBITDA) surged over 11-fold to Rs 589.8 crore, signalling a strong turnaround in performance.

Puravankara: Puravankara has entered into a joint venture with KVN Property Holdings LLP to develop a 24.59-acre land parcel in North Bengaluru. The project is expected to generate a gross development value (GDV) of over Rs 3,300 crore. The company also announced the appointment of Mallanna Sasalu as CEO–South, effective 9 May.

Union Bank: For its quarterly earnings for January-March, the company reported a 51% year-on-year (YoY) increase in net profit to Rs 4,984.9 crore for the quarter under review compared to Rs 5,509 crore. 

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