Stocks to watch: At the open, Indian equities are expected to be weighed down by sell-offs in the US and Asian markets. The Nifty50 futures on the Singapore Exchange fell 1.3 percent to 16,470.5 at 7:05 a.m. on Friday, indicating a lower opening for key Indian indices. Reliance Industries, Tata Power, TVS Motor, Tata Motors, Voltas, Mahindra and Mahindra, and CEAT will all be closely monitored. Here are some of the best stocks to watch in today’s market:

Mills of Phoenix | Crest Ventures and Escort Developers have agreed to sell the remaining 50 percent equity stake in Classic Mall Development Company to the company. Phoenix Mills has paid Rs. 9,360 million for Crest Ventures and Escort Developers’ 50% stake in the company.

TVS Motor Corporation | For the March quarter, the automobile company reported lower-than-expected results. Year on year, net profit fell 5% to Rs 274.5 crore, while revenue increased 4% to Rs 5,530.3 crore.

| Voltas For the fourth quarter of FY22, the company reported lower earnings than expected. Year on year, net profit fell 23.5 percent to Rs 182.7 crore, while revenue increased 4% to Rs 2,666.6 crore.

Mahindra & Mahindra Limited | According to a news report, the Mahindra Group has begun restructuring its flagship automobiles business, which accounts for 55 percent of the group’s revenue. The exercise, which is still in its early stages, will involve breaking up the electric vehicle, tractor, and passenger vehicle industries into three separate businesses.

| The Blue Dart Express The express air and integrated transportation company’s standalone profit after tax increased by 20.7 percent year on year (YoY) to Rs 135 crore in the fourth quarter ended March 22. For the quarter, revenue from operations increased by 21% year on year to Rs 1,166 crore. For FY21-22, the company declared a total dividend of Rs 60 per equity share.

CEAT | CEAT’s consolidated net profit for the fourth quarter ended March 22 fell by 83 percent to Rs 25.25 crore. However, revenue increased by 13% year on year to Rs 2,592 crore. For FY22, the company announced a dividend of Rs 3 per equity share.

Shriram DCM | For the fourth quarter ended March 22, DCM Shriram reported a 73 percent year-on-year (YoY) increase in net profit of Rs 401 crore. Its net operating revenue increased by 28% year on year to Rs 2,796 crore. The company declared a 245 percent final dividend, bringing the year’s total dividend to 735 percent.

Forgings Sona BLW Precision | The profit after tax for the fourth quarter ended March 22 increased by 76 percent to Rs 105 crore, up from Rs 60 crore the previous year. Revenue increased by only 2% year on year to Rs 550 crore. For FY22, the company declared a dividend of Re 0.77 per equity share.