Overnight Digest: Stocks to Watch on May 5
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Markets held gains but lost momentum—yet the real action may just be beginning. From a 200 per cent dividend to fresh order wins, these stocks could drive the next move.
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Indian equity benchmarks began May on a positive note but witnessed profit booking at higher levels, trimming early gains by the close.
The Nifty 50 ended the session higher by 121.75 points, or 0.51 per cent, at 24,119.30. Meanwhile, the BSE Sensex advanced 355.90 points, or 0.46 per cent, to close at 77,269.40.
With key corporate earnings and broader market triggers, including ongoing election-related developments, set to influence sentiment, the following stocks are likely to remain in focus on Tuesday:
1. Knowledge Marine & Engineering Works Ltd
Knowledge Marine & Engineering Works Ltd announced the acquisition of approximately 15 acres of waterfront land at Saphale in Palghar, Maharashtra, with an additional 5-acre expansion option.
The acquisition has been executed through its subsidiary, Knowledge Shipyard Private Limited. The move marks a strategic step in the company’s transition towards becoming a technology-driven and sustainable shipbuilding enterprise.
Godrej Properties Ltd reported a robust performance for the quarter and financial year ended March 31, 2026, supported by strong sales and execution.
The company posted a profit of around Rs 650 crore in the fourth quarter, while revenue stood at Rs 3,458 crore.
In a key development, the board approved a final Dividend of Rs 10 per equity share (face value Rs 5), translating into a payout of approximately Rs 301.20 crore. This represents a 200 per cent dividend and marks the highest dividend declared by the company since its listing. It is also the first dividend since 2015, when the company had declared Rs 2 per share.
3. HFCL Ltd
HFCL Ltd, along with its subsidiary HTL Limited, has secured purchase orders worth approximately Rs 84.23 crore.
The order pertains to the supply of optical fiber cables to a leading private telecom operator. The contract is scheduled to be executed by August 2026.
Disclaimer: The article is for informational purposes only and not investment advice.