The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading higher by 29 points at 24,682 indicating that the domestic benchmark indices are likely to make a positive start on Friday.

On Thursday, 22 May, Domestic benchmark indices S&P BSE Sensex slumped by 645 points or 0.79% and settled at 80,952 while the Nifty50 traded 0.82% lower by 204 points, settling at 24,609.70.

Here are some stocks that are likely to remain in focus on 23 May.

Quarterly Results Today: JSW Steel, Ashok Leyland, Glenmark Pharmaceuticals, Ashoka Buildcon, Balkrishna Industries, BEML, Aditya Birla Fashion and Retail, Afcons Infrastructure, Apollo Micro Systems, Cello World, Concord Drugs, Exicom Tele-Systems, Transrail Lighting, West Coast Paper Mills, Finolex Industries, and Narayana Hrudayalaya are some of the prominent companies set to announce their quarterly earnings for January-March. 

Tata Consultancy Services: TCS has entered into a five-year agreement with Finnish telecom operator DNA to accelerate the company’s cloud transformation journey. Under the deal, TCS will assist in migrating up to 80% of DNA’s business applications to the public cloud by 2030. This initiative builds on their longstanding 17-year partnership.

ONGC Videsh: ONGC Videsh, the international arm of state-run ONGC, anticipates completing its offshore gas exploration project in Mozambique by late 2027 or early 2028, according to Managing Director Rajarshi Gupta. Gupta mentioned that operations are progressing well, force majeure is expected to be lifted soon, and all necessary vendors are in place, positioning the project for timely commissioning.

Lloyds Engineering: Lloyds Engineering has secured an order worth Rs 20.67 crore from Cochin Shipyard to supply naval equipment. The company will deliver Fin Stabilizers for the Indian Navy’s Next Generation Missile Vessels. Cochin Shipyard had earlier inked a deal with the Indian Navy in 2023 to build six such vessels, with the total project value estimated at around Rs 9,804 crore.

TVS Motors Company: The company has announced signing a Memorandum of Understanding (MoU) with OOR Cabs for supplying 500 TVS King EV MAX electric three-wheelers for the current fiscal year 2025-26 in Tamil Nadu. 

Bajaj Auto: The subsidiary of the company, Bajaj Auto International Holdings BV, has announced that it is entering into a loan agreement with Standard Chartered Bank for a loan amount of 100 million euros, which is around Rs 971.20 crore. 

Indus Towers: The company has announced that it has signed a deal to acquire a 26% equity stake in JSW Green Energy Eight, a special-purpose vehicle set up to source renewable energy from a solar photovoltaic plant.

Lumax Auto: The company has announced finalising the acquisition of the remaining 25% stake in IAC International Automotive India, making IAC India a fully owned material subsidiary of the company.

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