Stocks to Watch: Key Financial Reports and Market Outlook for May 8, 2026 The Indian domestic equity market is expected to open lower on Friday, May 8, with the NIFTY50 index projected to decline by 122 points based on GIFT NIFTY futures. This follows mixed signals from the broader market, including earnings reports from major companies and geopolitical factors influencing renewable energy trends. Investors are closely monitoring several stocks, including Britannia Industries, State Bank of India (SBI), Pidilite Industries, and others, as they prepare for potential volatility. Pidilite Industries Ltd reported a significant rise in its consolidated net profit for the March quarter of FY26, reaching ₹584.15 crore, a 36.63% increase from ₹427.52 crore in the same period the previous year. The growth was attributed to volume expansion and improved operating margins. The company’s revenue also rose 13.24% to ₹3,648.16 crore, while total expenses increased 9.23% to ₹2,861.51 crore. For the full FY26, Pidilite’s profit surged 17.86% to ₹2,470.72 crore, with total consolidated income rising 11% to ₹14,867 crore. State Bank of India (SBI) announced plans to raise funds through a $2 billion foreign currency bond issuance in FY26-27. The bank’s executive committee will meet on May 12 to finalize the details, including the issuance of bonds in US dollars or other major currencies. This move comes amid efforts to strengthen the bank’s capital base and manage liquidity. Lupin Ltd, a leading pharmaceutical company, reported an 87.7% jump in consolidated profit after tax (PAT) to ₹1,468.7 crore for the fourth quarter ended March 31. This was driven by strong performance in the US market, where sales rose 56.9% to ₹3,398.7 crore. India sales also grew 11.5% to ₹1,908.#state_bank_of_india #coromandel_international #pidilite_industries #lupin_ltd #britannia_industries
