Top stocks to watch today: Ather Energy IPO debut, Paytm Q4 earnings, IHCL, Coforge, RIL, ONGC in focus

The Indian share market is expected to see subdued opening on Tuesday, with the benchmark indices Sensex and Nifty seen starting trade on flat note, tracking negative closing at Wall Street overnight. However, firm trading in Asian markets may inject some positivity in the market amid hopes of trade talks between U.S. and China.  

Market will see stock specific reactions as Bank of Baroda, HPCL, Paytm parent One 97 Communications, Alembic Pharmaceuticals, Godrej Consumer Products, Mahanagar Gas, Piramal Enterprises, Polycab India, Aadhar Housing Finance, Aarti Drugs, and many others companies are set to release their quarterly earnings today.

On the other hand, traders will also react to quarterly earnings report of Indian Hotels Company, Bombay Dyeing & Manufacturing Company, Zee Media Corporation, Jammu & Kashmir Bank, Prataap Snacks, Coforge, and Cigniti Technologies, which came post market hours yesterday.

Here are top five stocks to watch today

Ather Energy

The listing of Ather Energy IPO, the first mainboard issue of FY26, on the BSE and NSE will be keenly watched. Ahead of the listing, shares of Ather Energy were commanding grey market premium (GMP) of ₹14 in the unlisted market, indicting a positive debut at around ₹335 on the BSE and NSE. The EV maker raised ₹2,981 crore via IPO at a price range of ₹304-321 per share, which was subscribed 1.5 times.

Indian Hotels Company

Recording twelve consecutive quarters of record performance, hospitality major Indian Hotels Company Limited (IHCL) has recorded 27% year-on-year revenue growth to ₹2,425 crore in its January-March period, driven by 13% growth in hotel segment revenue and solid growth in enterprise revenue. The company's profit for Q4 FY25 was recorded at ₹522 crore, a growth of 25% YoY. IHCL operates key hospitality brands like Taj, Claridges Collection, SeleQtions, Tree of Life, Vivanta, Gateway, and Ginger.

One 97 Communications

The Paytm’s parent firm is set to release its March quarter earnings report today. The fintech major is expected to swing to profit in the fourth quarter of the current fiscal as compared to a loss of ₹551 crore in the year ago period. In Q3 FY25, the Vijay Shekhar Sharma-led company reported a net loss of ₹208.4 crore. Brokerage house Motilal Oswal anticipates Paytm's disbursements and gross merchandise value (GMV) to increase sequentially to ₹7,700 crore and ₹510 crore for Q4 FY25, respectively.  

Coforge

The global digital services and IT solutions provider delivered a strong performance in the financial year ended March 31, 2025, clocking 32% year-on-year growth in constant currency terms for its continuing business. Revenue stood at ₹12,050.7 crore ($1.45 billion), while adjusted EBITDA rose 31.7% year-on-year to ₹1,998.2 crore. The board also recommended an interim dividend of ₹19 per share, with May 12 as the record date.

RIL and ONGC

In a major development in energy sector, the Panna-Mukta and Tapti (PMT) joint venture partners - Shell (through BGEPIL), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Limited (ONGC) have successfully completed the country’s first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities. The PMT JV, operator of the Tapti fields under a production sharing contract with the Government of India, comprises of ONGC with a 40% participating interest, and RIL and BG Exploration & Production India Ltd (BGEPIL-Shell) with 30% each.