🇮🇳 India Daybook: Vedanta Demerger Ex-Date, Waaree Energies Profit Soars 71%

The Indian markets on April 30, 2026, are set for significant stock-specific action, highlighted by Vedanta’s massive demerger ex-date and strong Q4 earnings from renewable and manufacturing majors. While benchmark indices show signs of consolidation, individual stocks like Waaree Energies and Indian Hume Pipe are reacting to major financial and operational milestones.

📍 EARNINGS

• Waaree Energies: The solar major reported a stellar 71.4% YoY jump in consolidated net profit to ₹1,061 crore for Q4 FY26, with revenue doubling to ₹8,480 crore. The board has also proposed raising up to ₹10,000 crore via equity or debt.
• MOIL: The manganese miner saw its Q4 net profit surge 75% YoY to ₹92.6 crore, driven by a 27.9% increase in revenue. EBITDA margins improved significantly to 31.3% from 28% in the previous year.
• Garden Reach Shipbuilders: Reported a 24% increase in net profit to ₹303 crore for the March quarter, leading to a sharp surge in its share price.
• KFin Technologies: Consolidated net profit for Q4 fell 11.8% YoY to ₹81 crore, while revenue declined 6.4% to ₹347 crore. The company declared a final dividend of ₹12 per share.
• Orient Cement: The company announced its Q4 FY26 results, showing steady operational performance amidst a competitive cement pricing environment.

📍 ORDER WIN

• Indian Hume Pipe: Secured a major contract worth ₹459 crore from the Telangana government for a comprehensive water supply scheme.
• Bharat Electronics Limited (BEL): Announced securing additional orders worth ₹569 crore for communication equipment and fire detection systems, further strengthening its robust order book.
• K2 Infragen: Bagged a significant railway project valued at ₹262 crore, marking its expansion in the infrastructure sector.

📍 ACQUISITION & DIVESTMENT

• Larsen & Toubro (L&T): The conglomerate is set to divest its entire stake in L&T Metro Rail Hyderabad for ₹1,461 crore, a move aimed at asset monetization and debt reduction.
• Enviro Infra: The company's board has approved the acquisition of a strategic stake in Suyog Urja to bolster its waste-to-energy portfolio.
• Panorama Studios: Acquired airborne rights for several high-profile upcoming films, including Baaghi 4 and Housefull 5.

📍 CORPORATE ACTION

• Vedanta: The stock turns ex-date today, April 30, for its long-awaited demerger into six separate listed entities. Shareholders will receive one share of each of the five new demerged businesses for every share held in the parent company.
• Gujarat Gas: The board has approved a name change to "Gujarat Energy Ltd" and a share swap ratio of 10 shares for every 13 GSPL shares as part of its restructuring plan.

📍 DIVIDEND

• ABB India: Trades ex-dividend today for its final dividend of ₹29.59 per share.
• Tanla Platforms: Turning ex-dividend for an interim payout of ₹6 per share.
• Varun Beverages: Investors holding shares today are eligible for an interim dividend of ₹0.50 per share.
• Stovec Industries: Set to trade ex-dividend for a payout of ₹12 per share.

📍 OTHER NEWS

• Steel Authority of India (SAIL): The stock hit a fresh record high following a technical breakout from a year-long consolidation phase, with analysts eyeing a target of ₹200.
• Zuari Agro Chemicals: Received a demand notice of ₹296 crore from the Goa water authority regarding arrears for water and sewerage charges.
• Jyothy Labs: Reported a fire incident at its C&FA-operated warehouse in Punjab; however, no casualties were reported, and the company is assessing the financial impact.

TITLE: 🇮🇳 India Daybook: Vedanta Demerger Ex-Date, Waaree Energies Profit Soars 71% TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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