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Bharat Electronics Ltd. (BEL) shares hit day's low ahead of quarterly earnings announcement, declining 9% over the past month. A CNBC-TV18 poll expects year-on-year revenue growth of 15% to ₹4,812 crore and EBITDA growth of 26% to ₹1,178 crore, with EBITDA margins expanding 218 basis points and net profit growing 22%. However, sequential performance shows expected declines of 47% in revenue and 58% in EBITDA with margin compression of over 6 percentage points. The company's order book stands at ₹71,650 crore with recent order inflows of ₹7,348 crore representing 27% of full-year guidance of ₹27,000 crore. BEL sees a pipeline worth ₹1 lakh crore over the next 18-24 months. Key focus areas include status of QRSAM and Project Kusha, execution of LRSAM and EW projects, emergency procurement orders, export share, and working capital cycle.

Bajaj Finance Ltd. witnessed a block trade on NSE involving approximately 951,753 shares at a price of Rs. 892.85 per share, with the total transaction value amounting to Rs. 84.98 crores.

Mazagon Dock Shipbuilders shares are trading 1.9% lower at ₹2,830, hitting the day's lowest point before quarterly results announcement. Nirmal Bang estimates show expected revenue decline of 9% year-on-year and 11% sequentially to ₹2,828 crore, while EBITDA is projected to jump 18% from the previous year with margin expansion. Net profit is estimated to grow 5% year-on-year. The company's March quarter performance was impacted by higher expenses, particularly sub-contracting costs which increased nearly 10-fold to ₹590 crore from ₹63.5 crore in the same quarter last year. Despite operational challenges, the defence equipment manufacturer exceeded its full-year revenue growth guidance. The stock has declined 25% from its record high and dropped 13% over the past month.

Infosys shares declined 2.19% to Rs 1,482.5, hitting their lowest level since April 29, making it the third-largest loser on both NSE Nifty 50 and NSE Nifty IT indices. The broader IT sector faced pressure after Tata Consultancy Services announced plans to reduce its workforce by 2% in financial year 2026, involving approximately 12,000 jobs. Most IT stocks traded lower, with the NSE Nifty IT becoming the fifth worst-performing sectoral index. Infosys has declined 19.42% over the past 12 months and 19.79% year-to-date. Despite the recent weakness, analyst sentiment remains largely positive with 34 out of 49 analysts maintaining 'buy' ratings, 13 recommending 'hold', and only 2 suggesting 'sell'. The average 12-month consensus price target indicates a potential upside of 16.6%.

Cipla shares rallied 6% over two trading sessions to reach Rs 1,575 following impressive quarterly earnings. The pharmaceutical company reported 10% year-on-year growth in profit after tax to Rs 1,298 crore, while revenue increased 4% to Rs 6,957 crore. EBITDA grew 4% to Rs 1,778 crore, though margins declined slightly to 25.6%. The company maintains a strong balance sheet with Rs 10,838 crore in cash reserves and net cash position of Rs 10,379 crore. Multiple brokerages revised their target prices upward, with Antique setting the highest at Rs 1,875 while maintaining a Buy rating. Nuvama raised its target to Rs 1,651 with a Hold rating, and Choice Broking upgraded to Add with Rs 1,620 target. Analysts highlighted Cipla's strong product pipeline, particularly in respiratory products and inhalation therapy, with upcoming launches of gAdvair expected in FY26 and gSymbicort in FY27. The company is targeting $1 billion in US sales by FY27.