Stocks in news: JSW Steel, ZEE, Adani Enterprises, Vodafone Idea, Eicher Motors

Markets witnessed a volatile session on Monday, with benchmark indices ending almost unchanged amid weak global cues and persistent macroeconomic concerns. Technically, analysts say the Nifty appears to be forming another consolidation range following the earlier breakdown, with the upside capped in the 23,800-24,000 zone and support placed around the 23,150-23,300 region. While signals from key sectors such as banking and IT remain mixed, they continue to recommend a stock-specific approach.

In today's trade, shares of JSW Steel, ZEE, Adani Enterprises, Vodafone Idea, Eicher Motors among others will be in focus due to various news developments and fourth quarter results.

BEL, BPCL, Mankind, RITES, ZEEL

Shares of BEL, BPCL, Mankind, RITES and ZEEL will be in focus as the companies will announce their fourth quarter results today.

JSW Steel
JSW Energy has monetised part of its holding in JSW Steel through a bulk deal worth Rs 3,150 crore as the company looks to release capital for its aggressive power generation expansion plans. In an exchange filing, JSW Energy said it sold 25 crore equity shares of JSW Steel on the NSE on May 18 as part of a strategic liquidity release.

IOC
Indian Oil Corporation (IOC) reported a consolidated net profit at Rs 14,458 crore in the March-ended quarter versus Rs 8,124 crore in the year ago period, implying a 78% surge. The profits are attributable to the equity holders of the parent. The revenue from operations posted a revenue growth of 7% to Rs 2,36,899 crore in Q4FY26 was versus Rs 2.21 lakh crore posted by the company in the corresponding quarter of the previous financial year.

Eicher Motors
Royal Enfield on Monday announced its plan to set up a manufacturing facility in Andhra Pradesh at an investment of Rs 2,500 crore as part of its strategic expansion. The Eicher Motors group company said it has already acquired a land parcel in the Tada industrial hub in the Tirupati district of Andhra Pradesh.

Adani Enterprises
Adani Group on Monday reached a settlement with the US Treasury Department's Office of Foreign Assets Control (OFAC) in an alleged sanctions violation related matter after it extended "extensive cooperation" with the investigation and "proactively disclosed" findings. The matter related to apparent violations involving imports of Iranian LPG through Mundra Port in Gujarat.

Vodafone Idea
Telecom firm Vodafone Idea has pinned hope on its target to triple cashflow, as well as on new loans, tax refunds and fresh capital infusion from promoters to generate over Rs 1 lakh crore cash required in the next three years, a senior company official said on Monday.