🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• HDFC Bank: The private lender reported a standalone net profit of ₹19,221 crore for Q4 FY26, a 9.1% YoY increase. The board has also recommended a dividend, and gross NPA remained stable at 1.24%.
• ICICI Bank: Reported an 8% YoY rise in net profit to ₹13,702 crore for the fourth quarter. Net interest income (NII) grew by 8% to ₹22,979 crore, and the bank announced a dividend of ₹12 per share.
• Yes Bank: Delivered a strong performance with net profit jumping 44.7% YoY to ₹1,068 crore. Asset quality improved significantly as gross NPA fell to 1.3% from 1.5% in the previous quarter.
• Wipro: While profit saw a slight dip, the board approved a massive share buyback worth ₹15,000 crore at a price of ₹250 per share via a tender offer.
• Waaree Renewable Technologies: The company saw a massive 131.3% YoY surge in revenue to ₹1,102.4 crore, while net profit grew 66.1% to ₹155.7 crore for the March quarter.
• MosChip Technologies: The board has approved the acquisition of a 73% stake in Vayavya Labs for ₹2.45 billion to expand its software-driven product engineering business.
• Bharat Petroleum (BPCL): The company is in focus following news of its expansion into oil exploration in Brazil, marking a significant step in its international upstream portfolio.
• HPCL: The Petroleum Ministry has approved a significant hike in the Rajasthan refinery (HRRL) project cost to ₹79,459 crore from the earlier ₹43,129 crore.

Neutral Developments

• Reliance Industries (RIL): Shares will be in focus ahead of its Q4 earnings release scheduled for later this week (April 24). Markets are expecting details on the dividend and growth in the retail and telecom segments.
• Trent: The board is scheduled to meet to consider a potential bonus share issue and dividend along with its quarterly results.
• Earnings Today: A host of companies including Bank of Maharashtra, PNB Housing Finance, Groww (Billionbrains Garage), NELCO, SML Isuzu, and Ugro Capital are slated to report their Q4 FY26 results today.
• Tega Industries: The company has incorporated a new subsidiary, "Tega Solutions," to further its global business operations.

Negative News

• Lupin: The pharma major received three observations from the USFDA following an inspection at its Somerset facility conducted between April 13 and April 17, 2026.
• Wipro Guidance: Despite the large buyback, the stock may face pressure due to a disappointing revenue guidance for the upcoming fiscal year, which trailed analyst expectations.

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