Buzzing stocks May 2026: Coforge jumps 10%, UBL dips

Market snapshot: earnings drive early moves

Several stocks were in focus on May 6 as quarterly earnings and company-specific updates shaped trading. Coforge led the gainers after reporting a sharp rise in Q4FY26 profit and outlining an upbeat FY27 margin target. United Breweries slipped despite a modest profit increase, as its quarterly revenue fell year-on-year. Raymond Realty moved higher after a strong profit print and a sharp sequential revenue rise. Shoppers Stop declined after swinging to a loss even as revenue grew. Angel One traded marginally lower amid mixed April operating metrics.

United Breweries: profit up, revenue down

United Breweries shares fell 4% after the company reported Q4 net profit of ₹101.7 crore, up 4.4% YoY from ₹97.4 crore. The market reaction focused on the topline, with Q4 revenue declining 3.2% YoY to ₹2,247.8 crore from ₹2,321.4 crore. The combination of higher profit and lower revenue kept the stock under pressure in early trade. The move highlights how investors often weigh volume and pricing momentum alongside profit growth. The update placed the stock among the notable post-results movers for the session.

Raymond Realty: strong profit, sharp QoQ revenue surge

Raymond Realty shares gained 5% after a strong Q4 performance. The company posted Q4 net profit of ₹161 crore, up from ₹67 crore in the year-ago period. Revenue jumped 52.7% QoQ to ₹1,156.8 crore from ₹757.6 crore. The sharp sequential improvement on revenue was a key trigger for the move. The stock’s rise stood out among earnings-linked realty counters tracked during the session.

Shoppers Stop: back to loss despite revenue growth

Shoppers Stop shares declined 2% after the retailer reported a Q4 net loss of ₹16 crore, compared with a profit of ₹2 crore in the year-ago quarter. Revenue increased 13.7% YoY to ₹1,209.8 crore from ₹1,064 crore. The earnings swing to a loss weighed on sentiment despite topline growth. The stock remained part of the “buzzing” list as investors parsed whether revenue growth is translating into profitability.

Angel One: client base grows, acquisitions and orders soften

Angel One shares were down marginally following its April operating update. Gross client acquisition fell 9.1% month-on-month and 6.2% year-on-year to 0.46 million. However, the overall client base rose 1.1% MoM and 20% YoY to 37.79 million. The number of orders dipped 3% on a monthly basis but increased 27.3% YoY to 135.75 million. The mixed picture kept the stock in focus, with investors weighing near-term activity trends against longer-term client growth.

Coforge: Q4 profit jumps on tax reversal and growth

Coforge shares rallied as much as 10% to ₹1,285.60 on the NSE in early trade on May 6 after the company reported strong Q4FY26 results. Trading resumed after the exchange revised the upper circuit to ₹1,344. At 09:48 AM, the stock traded at ₹1,268, up 8.49% from its previous close of ₹1,168.80, while the Nifty 50 was up 109 points (0.45%) at 24,141.

Coforge reported consolidated net profit (attributable to owners) of ₹612.3 crore for Q4FY26, compared with ₹261.2 crore in the year-ago quarter. Revenue from operations rose 30% YoY to ₹4,450.4 crore from ₹3,422.2 crore. On the cost side, total expenses increased 24% YoY to ₹3,794 crore from ₹3,060 crore.

The company said reported Q4 PAT reflected the reversal of deferred tax liability due to the Cigniti merger. It also disclosed acquisition and integration-related expenses for Encora of ₹50.1 crore (₹501 million) and legal expenses related to a cybersecurity case of ₹3.5 crore (₹35 million). It added that the effective tax rate was impacted by the release of deferred tax liabilities aggregating ₹181 crore (₹1,810 million) recognised in the profit and loss account pursuant to the merger of Cigniti into Coforge.

Coforge FY26: profit up 91.5%, revenue grows 35.8%

For FY26, Coforge reported net profit of ₹1,555.7 crore, a 91.5% increase from ₹812.1 crore in FY25. The company said this was primarily due to gains from the sale of its stake in Coforge Advantage Go in May 2025. It disclosed a gain of ₹112.9 crore (₹1,129 million), offset by an operational loss of ₹42.7 crore (₹427 million) until completion, with a net gain of ₹70.2 crore (₹702 million) reported as profit from discontinued operations.

Revenue from operations for FY26 stood 35.8% higher at ₹16,402.7 crore. The company also said it made AI investments worth $1.5 million in FY26. Management commentary pointed to continued momentum, supported by a sizeable executable order book and margin aspirations.

Brokerages react: target prices and deal metrics in focus

Brokerage commentary added to sentiment around Coforge following the Q4 numbers. Motilal Oswal assigned a price target of ₹1,800 and cited a 54% upside in its note. Elara Capital upgraded its rating to ‘Accumulate’ from ‘Reduce’ with a target price of ₹1,380 based on 21x FY28E P/E, and noted Coforge’s stock had seen a 30% correction in the past three months.

Choice Institutional Equities reiterated a ‘Buy’ rating with a target price of ₹1,900, based on FY28E EPS of ₹67.8, implying 47.79% upside from the then market price. Separately, a note in the flow also referenced Choice Equity Broking with a target of ₹2,015. The order and profitability metrics were also highlighted in brokerage commentary, including an order intake of $148 million (down 69.5% YoY) and a 12-month executable order book of $1.75 billion.

Key numbers at a glance

Why these moves matter for investors

The day’s stock-specific action showed how earnings quality and the composition of profit can influence price moves. United Breweries’ decline, despite profit growth, reflected the weight investors place on revenue trends. In retail, Shoppers Stop’s shift to a loss outweighed revenue growth in the immediate reaction. In contrast, Coforge’s sharp move underscored how a combination of operating momentum, disclosed tax effects, and supportive brokerage commentary can drive a rapid re-rating in the short term.

Coforge’s disclosure around tax impacts, merger-related items, and integration costs also gave investors more context on the drivers of quarterly profit. Its FY27 target of consolidated EBITDA of more than 20.5% and the stated $1.75 billion executable order book were key elements in the post-results narrative. Meanwhile, Raymond Realty’s sequential revenue surge added to the earnings-led momentum in the counter.

Conclusion

Buzzing stocks on May 6 reflected a clear earnings-first tape: Coforge surged on a sharp Q4 profit rise and strong commentary, while United Breweries and Shoppers Stop slipped after topline and profitability concerns. Investors will track follow-through trading, additional management commentary, and any subsequent brokerage revisions as the results season continues.