The stocks mentioned below are for educational and analytical purposes only. These are NOT investment recommendations from DalalReport. We are NOT SEBI registered. Do not buy or sell any stock based solely on this article. Always do your own research and consult a SEBI-certified financial advisor before making any investment decision. Markets involve risk. Read our full disclaimer.
Published Sunday May 17, 2026. All price data from NSE/BSE official closing figures as of May 14–15, 2026. Analyst targets from HSBC, Goldman Sachs, JPMorgan via Zee Business and Business Standard. Not investment advice.
Featured Stocks — Q4 Results in Focus
1. JSW Steel (NSE: JSWSTEEL) — Record Quarter, Near All-Time High
What happened: JSW Steel delivered a standout Q4 FY26 — revenue hit an all-time high of ₹51,180 crore (+14.19% YoY), EBITDA surged 35.37% to ₹8,634 crore with margin expanding to 16.87%. Steel sales hit an all-time record of 7.97 MT. The company also declared a final dividend of ₹7.10/share (710%) with record date July 7, 2026. Announced capacity expansion to 48.8 MTPA by FY30. Completed major deleveraging — net debt fell ₹26,477 crore QoQ to ₹53,870 crore. Net debt-to-equity now 0.51x.
The fine print investors must know: The reported PAT of ₹16,370 crore (+989% YoY) includes an exceptional gain of ₹17,888 crore from the BPSL slump sale to JSW JFE. The normalised PAT excluding this exceptional item is ₹3,475 crore — significantly better than ₹1,503 crore last year but very different from the headline number. Motilal Oswal targets ₹1,520. Radio Khaitan targets ₹4,000. Brokers see 18% upside (Zee Business). Citi has a Sell call at ₹1,165.
Levels based on technical analysis from Bajaj Broking, Stocks-Buy.com. Not investment advice. Cyclical stock — crude oil, China demand and global steel prices heavily influence short-term direction.
2. Vodafone Idea (NSE: IDEA) — 52-Week High, But Read the Fine Print First
Q4 FY26 Results Summary: Net Profit ₹51,970 crore (vs Loss ₹5,286 crore QoQ). Revenue ₹11,332 crore (+0.1% QoQ). EBITDA ₹4,889 crore (+1.5% QoQ). EBITDA Margin 43.1% (vs 42.5% QoQ). ARPU improved to ₹190.
The ₹51,970 crore “profit” is not operational profit. It arose from the government’s reassessment of Vodafone Idea’s AGR (Adjusted Gross Revenue) liability — resetting the total dues to ₹64,046 crore, representing approximately a 27% reduction. This is an accounting entry, not cash in hand. The company’s operating business generated ₹11,332 crore in revenue — a barely-moving 0.1% QoQ growth. Vodafone Idea is still a heavily debt-laden telecom company with ₹2+ lakh crore in total obligations. Separately, the board approved ₹4,730 crore fundraising by issuing warrants to the Aditya Birla Group — EGM on June 11, 2026. This is a positive liquidity signal. Source: Screener.in, Groww, Zee Business.
High-risk, high-volatility stock. The +111% from 52-wk low means most near-term good news may already be priced in. Earnings call Monday May 18 at 2:30–3:15 PM IST. Not investment advice.
3. GE Vernova T&D India (NSE: GVT&D) — Q4 Results Today
GVTD’s Q4 FY26 board meeting is today — May 18, 2026. This is a live catalyst. Three scenarios on Monday: (1) Strong Q4 revenue of ₹2,100+ crore with any HVDC order booking → stock likely gaps up toward ATH of ₹4,849. (2) In-line results with no HVDC news → stock stays range-bound ₹4,200–₹4,500. (3) Q4 revenue disappointment below ₹1,800 crore → risk of sharp sell-off, similar to Data Patterns. The earnings call on May 19 at 4:00 PM IST will be equally important for FY27 guidance. Read our complete GVTD Q4 preview →
Results-day stock — wait for Q4 numbers to be announced before new positions. High P/E of ~87x TTM means zero tolerance for misses. Not investment advice.
Buy Recommendations — Analyst Picks to Track
Featured Buy Considerations
Broad Market Leaders to Watch
| Stock | CMP | What to Watch Monday | Key Risk |
|---|---|---|---|
| Infosys (NSE: INFY) | ~₹1,119 | Large-cap anchor, fundamentally robust. But IT sector structurally challenged — Nifty IT down 26% YTD. Any AI-positive commentary would re-rate. | AI disruption to core services model |
| HDFC Bank (NSE: HDFCBANK) | ~₹767 | Fundamentally strong financial anchor. Retraced from highs. Watch if banking sector stabilises post SBI NIM miss. Rate cut cycle resumption would be key positive. | NIM pressure, FII selling in banks |
| Reliance Industries (NSE: RELIANCE) | ~₹1,336 | Strong long-term accumulator. Retail + Jio + O2C creates natural hedge. Rising crude helps O2C but hurts sentiment. Core conglomerate holding for long-term portfolios. | Telecom margin pressure, retail slowdown |
CMP data approximate — verify at NSE/BSE before trading. Not investment advice.
Before You Trade Monday — 3 Things to Check
1. GVTD Q4 numbers (after market hours Sunday evening or pre-open Monday): The board met today (May 18). If results are out before Monday 9:15 AM, GVTD will gap up or gap down sharply. Check business news apps before opening bell.
2. Brent crude direction: Every stock recommendation above is influenced by crude. If Brent spikes above ₹111 on Iran escalation — JSW Steel input costs rise, Vodafone Idea’s macro gets harder, Reliance O2C benefits but overall market falls. If crude eases to ₹105 — broad sentiment lifts all stocks on this list. Check at 8:30 AM.
3. Vodafone Idea earnings call at 2:30 PM Monday: Management commentary on execution capacity — can they actually grow revenue — will be the real test of whether the stock holds its 52-week high gains or reverses.
This article is purely for educational and informational purposes. Nothing here is a buy/sell/hold recommendation. DalalReport is NOT SEBI registered. The analyst targets quoted (HSBC ₹1,540, Goldman Sachs ₹1,500, JPMorgan ₹1,415 for JSW Steel; JPMorgan ₹4,300 for GVTD) are from named third-party brokerages — not DalalReport’s views. Equity investments are subject to market risk. Past performance does not guarantee future returns. Always do your own research and consult a SEBI-registered certified financial advisor before making any investment decision. DalalReport is not responsible for any investment outcome. Read our full disclaimer.
All price data from NSE/BSE closing figures May 14–15, 2026. Analyst targets from Zee Business (HSBC, Goldman, JPMorgan, Citi post-Q4 analyst round-up). Vodafone Idea data from INDmoney, Screener.in, Groww, Zee Business. GVTD data from ScanX, INDmoney. Not SEBI registered. Not investment advice. See more Top Stories →
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