Indian equity benchmarks saw significant gains on Wednesday, May 6, 2026, buoyed by receding geopolitical concerns and a robust fourth-quarter earnings season. The BSE Sensex climbed 940.73 points, a 1.22% increase, to settle at 77,958.52. Similarly, the NSE Nifty50 rose 298.15 points, or 1.24%, closing at 24,330.95. As markets open on Thursday, May 7, investors will be closely watching a range of Indian stocks for further movements.
Key Companies in Focus
Bajaj Auto Leads with Strong Earnings
Two-wheeler giant Bajaj Auto reported a substantial 34% year-on-year surge in net profit, reaching Rs 2,746.13 crore for the March 2026 quarter. Revenue also saw a significant jump of 31.8% YoY to Rs 16,005.7 crore. The company's EBITDA grew by 35.6% YoY to Rs 3,322.7 crore, with margins improving to 20.8%. Additionally, Bajaj Auto declared a dividend of Rs 150 per share and approved a Rs 5,633 crore share buyback program at Rs 12,000 per share.
Paytm Returns to Profitability
One97 Communications, the parent company of Paytm, announced a return to profitability for the March 2026 quarter, posting a net profit of Rs 183 crore. The digital payments firm's revenue increased by 18.4% YoY to Rs 2,264 crore, with EBITDA significantly improving to Rs 132 crore, achieving a 6% margin. Financial services revenue alone climbed 38% YoY to Rs 750 crore.
PB Fintech Sees Robust Growth
New-age insurance player PB Fintech recorded a 53.5% YoY rise in net profit, reaching Rs 261 crore for the March 2026 quarter. Its revenue surged 36.7% YoY to Rs 2,061 crore. EBITDA jumped an impressive 94.3% YoY to Rs 218 crore, expanding margins to 10.6%. The total premium processed for the quarter stood at Rs 9,217 crore, marking a 46% YoY increase.
Blue Star's Consistent Performance
Electronic products manufacturer Blue Star reported a 17.3% YoY increase in net profit, amounting to Rs 227.18 crore for Q4 FY26. Revenue from operations grew 1.32% YoY to Rs 4,072.06 crore. EBITDA saw a 16.8% YoY gain to Rs 326.25 crore, with margins at 8%. The company also announced a dividend of Rs 8.5 per share.
Meesho Reduces Net Loss Amidst Revenue Growth
E-commerce platform Meesho reported a reduced net loss of Rs 166.3 crore for the January-March 2026 period. The company's revenue increased by 47% YoY to Rs 3,531.2 crore. Net merchandise value (NMV) grew 43% YoY to Rs 11,713 crore, and order volumes also rose 43% YoY to 71.7 crore. Contributing margins improved to 4% of NMV.
Biocon Clarifies Succession Reports
Biopharma major Biocon issued a clarification denying recent reports of any succession planning or leadership change. This statement followed exchange queries regarding news suggesting Kiran Mazumdar-Shaw had chosen her niece as a successor, which had impacted the stock price on May 6.
ACME Solar Commissions New Wind Project
ACME Solar Holdings announced that its subsidiary has successfully commissioned an 8 MW wind power project in Gujarat, marking a step forward in its renewable energy portfolio.
Other Notable Corporate Actions and Results
Several other companies are also in focus. Oracle Financial Services Software and EFC (I) are trading ex-date for dividend and rights issue, respectively. Companies like Shree Cement, Radico Khaitan, Birlasoft, and Avalon Technologies also reported their quarterly results, with varying performances. Additionally, Thyrocare Technologies launched a new genomics laboratory, and Oswal Pumps secured a significant order for solar pumping systems under the PM Kusum B Scheme.