Stocks to Watch Today as L&T and M&M Release Q4 Results and Crude Hits $114 Overnight

May 5, 2026
Posted by: Kunal Singla
Category: Market

The stocks to watch today on May 5, 2026 are headlined by Larsen and Toubro and Mahindra and Mahindra, both reporting Q4 FY26 results in board meetings scheduled today. These two alone account for over Rs 9 lakh crore in combined market capitalisation and are the dominant stocks to watch today for index and sector directional signals. Add Tata Technologies, which reported strong Q4 numbers yesterday, Delhivery ahead of its own results, Hero MotoCorp, Coforge, and Punjab National Bank, and today’s stocks to watch today calendar is one of the most Q4-result-dense sessions of the FY26 earnings season.

The macro backdrop for stocks to watch today is a Nifty at 24,119.30 after yesterday’s election rally, set against a $114 Brent crude overnight spike from fresh Iran-UAE escalation. Stock-specific catalysts will matter more than broad index direction for today’s stocks to watch today session.

Table of Contents

Stocks to Watch Today: L&T and M&M Are the Dominant Q4 Events

Larsen and Toubro

L&T is the most consequential of the stocks to watch today. India’s largest engineering and infrastructure conglomerate holds its Q4 FY26 board meeting today, with a dividend consideration also on the agenda. Analyst consensus for L&T, the most widely tracked of the stocks to watch today, expects revenue growth of 15 to 18 percent year on year and PAT growth of 12 to 15 percent supported by margin improvement in the projects and manufacturing segments. The order book, which crossed Rs 5.5 lakh crore recently, is the key incremental number investors will watch beyond the headline PAT. BJP’s historic West Bengal win provides a direct policy tailwind for L&T: a BJP state government in Bengal aligns procurement priorities with central government capex, expanding L&T’s state pipeline. Any guidance upgrade from management would have broad positive read-through across the capital goods sector stocks to watch today.

Mahindra and Mahindra

M&M is the auto stocks to watch today name for May 5 with Q4 FY26 results releasing today. M&M reported 22.38 percent year-on-year domestic sales growth in March 2026, and its SUV portfolio including the Thar Roxx and BE 6e has generated strong order backlogs through the quarter. For stocks to watch today on the consumer discretionary theme, M&M is the highest-quality bellwether for tracking SUV demand, rural recovery, and EV platform execution simultaneously. A 15 percent or higher PAT growth print would validate the auto sector’s FY27 capex cycle and make M&M one of the stocks to watch today for momentum continuation into next week.

Stocks to Watch Today: Tata Technologies Q4 Already Declared

Tata Technologies is in the stocks to watch today list for post-result price action after declaring Q4 FY26 numbers yesterday. PAT grew 8.1 percent year on year to Rs 204 crore, revenue grew 22.3 percent year on year to Rs 1,572 crore, EBITDA margins recovered to 16.1 percent from Q3’s compressed 14.1 percent, and the board declared a dividend of Rs 11.70 per share. The stocks to watch today focus on Tata Technologies is whether the margin recovery from 14.1 to 16.1 percent can be sustained in FY27 or whether it was a one-quarter improvement driven by cost rationalisation. The stock had underperformed the Nifty by approximately 11 percent over the prior year before these results, making it a stocks to watch today candidate for valuation re-rating if FY27 guidance is constructive.

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Other Stocks to Watch Today on May 5

Delhivery

Delhivery is among the stocks to watch today as India’s largest integrated logistics company ahead of its Q4 FY26 results, expected on May 15. The pre-result watch period for Delhivery as a stocks to watch today name is supported by Q3 FY26 momentum where revenue grew 18 percent year on year to Rs 2,798 crore and adjusted EBITDA hit a record Rs 147 crore at 5.3 percent margin. CEO Sahil Barua described it as the highest EBITDA in company history. Express parcel volumes crossed 295 million shipments in Q3 FY26, up 43 percent year on year, driven by the Ecom Express integration which is now complete. Today’s stocks to watch today check on Delhivery is any analyst commentary or pre-result guidance updates.

Hero MotoCorp, Coforge and Punjab National Bank

Hero MotoCorp reports Q4 FY26 results today and is in the stocks to watch today lineup for the rural two-wheeler demand signal its numbers will provide. Coforge, the mid-cap IT services company, also reports today as a stocks to watch today name for deal wins and revenue growth trajectory in the engineering services space. Punjab National Bank’s Q4 FY26 results will provide insight into PSU bank NIM and asset quality trends in the post-election policy environment, making it relevant stocks to watch today for the PSU banking trade thesis.

Stock	Event May 5	Key Metric	Sector Signal
L&T	Q4 FY26 results and dividend	Order book and PAT growth	Capital goods and infra
Mahindra and Mahindra	Q4 FY26 results and dividend	SUV volume and PAT margin	Auto and EV
Tata Technologies	Post-result price action	Margin recovery at 16.1%	Auto IT services
Delhivery	Pre-result watch period	Analyst commentary	Logistics and e-commerce
Hero MotoCorp	Q4 FY26 results	Rural two-wheeler volume	Two-wheeler segment
Coforge	Q4 FY26 results	Deal wins and revenue growth	Mid-cap IT services
Punjab National Bank	Q4 FY26 results	NIM and GNPA trend	PSU banking

For live price action, Q4 result updates, FII data, and technical levels on all stocks to watch today, track the complete list on the Univest Screener.

Conclusion

The stocks to watch today on May 5, 2026 are concentrated around L&T and M&M as the two most market-cap-significant result-day events in the FY26 earnings calendar, with Tata Technologies’s margin recovery providing a positive read for mid-cap tech. The stocks to watch today macro overhang from $114 crude and 4.44 percent US yields means individual stock catalysts will dominate over broad index direction. Use strict stop losses on all stocks to watch today positions given the elevated crude and yield volatility in the overnight environment.

Disclaimer: Investment in the share market is subject to market risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available information including NSE/BSE filings, company investor presentations, and third-party analyst reports. Verify all data before investing. Consult a SEBI-registered financial advisor before making any investment decisions.

Frequently Asked Questions

Which are the top stocks to watch today on May 5 2026

The top stocks to watch today on May 5, 2026 are Larsen and Toubro and Mahindra and Mahindra, both reporting Q4 FY26 results today. Tata Technologies is in focus for post-result price action after delivering 8.1 percent PAT growth and 22.3 percent revenue growth. Delhivery, Hero MotoCorp, Coforge, and Punjab National Bank are also key stocks to watch today with result-day catalysts or strong pre-result momentum.

What are analysts expecting from L&T Q4 FY26 results in stocks to watch today

For L&T as a stocks to watch today Q4 event, analysts expect revenue growth of 15 to 18 percent and PAT growth of 12 to 15 percent. The order book size and any management guidance on FY27 capex pipeline are the most important incremental numbers. BJP’s Bengal win is a direct policy tailwind for L&T’s state-level project pipeline, adding a political positive to the fundamental stocks to watch today case for L&T.

What did Tata Technologies report for Q4 FY26 as a stock to watch today

As a stocks to watch today post-result name, Tata Technologies reported Q4 FY26 PAT of Rs 204 crore up 8.1 percent year on year and revenue of Rs 1,572 crore up 22.3 percent. EBITDA margins recovered to 16.1 percent from Q3’s 14.1 percent. The board declared a dividend of Rs 11.70 per share. The stocks to watch today focus is on whether the 16.1 percent margin is the new sustainable run-rate for FY27 or a one-quarter recovery.

Why is Delhivery a stock to watch today even without results

Delhivery is among the stocks to watch today because Q3 FY26 delivered a record adjusted EBITDA of Rs 147 crore at 5.3 percent margin and revenue of Rs 2,798 crore up 18 percent. With results expected May 15, the pre-result period for a stocks to watch today name like Delhivery is driven by analyst commentary, business updates, and express parcel volume data that provides early signals on Q4 FY26 performance.

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Author: Kunal Singla

Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.