Market Update: Key Stocks to Watch Amid Profit Booking and Global Cues
Stocks to watch: Ola Electric, Vodafone Idea, Coal India among shares in focus today

Image: Mint
On May 15, 2026, Indian stock indices Sensex and Nifty 50 fell due to profit booking, rising crude oil prices, and a weak rupee. Key stocks to watch include Vodafone Idea, which reported a net profit of ₹51,970 crore for Q4, and Hindustan Copper, with a profit of ₹444 crore, marking a 134% increase year-on-year.
- 01Vodafone Idea reported a net profit of ₹51,970 crore for Q4, reversing a previous loss of ₹5,286 crore.
- 02Hindustan Copper's consolidated net profit rose 134% year-on-year to ₹444 crore for the March quarter.
- 03Tata Steel's profit increased by 147% to ₹2,965 crore compared to the same period last year.
- 04Power Finance Corporation is seeking formal consent from the President of India for its merger with REC Limited.
- 05Steel Authority of India reported a 46.7% increase in net profit to ₹1,836 crore for Q4.
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On May 15, 2026, the Indian stock market faced a downturn, with the benchmark indices Sensex and Nifty 50 declining by 0.21% and 0.19%, respectively. This drop was attributed to profit booking, a surge in crude oil prices, and the rupee hitting a record low against the US dollar. Analysts suggest that geopolitical tensions, particularly concerning Iran, are contributing to investor caution. Despite the overall market decline, several stocks are set to attract attention due to their quarterly results. Notably, Vodafone Idea reported a substantial net profit of ₹51,970 crore for the fourth quarter, rebounding from a loss in the previous quarter. Similarly, Hindustan Copper saw a 134% year-on-year profit increase, reaching ₹444 crore. Other companies like Tata Steel and Steel Authority of India also reported significant profit increases, with Tata Steel's profit rising 147% to ₹2,965 crore. Meanwhile, Power Finance Corporation is progressing towards a merger with REC Limited, seeking necessary approvals. Overall, while the market outlook appears cautious, individual stock performances may provide opportunities for investors.
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The decline in stock indices may affect investor sentiment and trading strategies, leading to cautious investment decisions.
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More about Vodafone Idea

Mobile Connectivity Set to Resume on Mumbai's Aqua Line After Two-Month Blackout
Hindustan Times • May 23, 2026

Vodafone Idea Faces Share Price Decline Despite ₹51,970-Crore Profit Announcement
Mint • May 18, 2026

Vodafone Idea Reports Significant Profit Turnaround in Q4 FY26
Business Standard • May 18, 2026
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