🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Bajaj Finance: The NBFC major reported a 22% YoY increase in net profit to ₹5,553 crore for the fourth quarter, with net interest income (NII) growing 20% to ₹11,781 crore.
• Navin Fluorine: The company delivered a robust performance with net profit jumping 124% YoY to ₹212.6 crore, supported by a 33.8% rise in revenue.
• Adani Power: Consolidated net profit surged 64% YoY to ₹4,271.40 crore in Q4, driven by higher operational revenues and lower tax outgoes.
• IIFL Finance: Reported a massive jump in consolidated net profit, which more than doubled to ₹623 crore for the quarter ended March 2026.
• Schaeffler India: Posted a strong set of numbers with profit surging 25.6% YoY to ₹316.1 crore and revenue growing 18.9% to ₹2,585.6 crore.
• Sterlite Technologies: The company reported a turnaround in Q4 with a net profit of ₹59 crore, compared to a net loss of ₹40 crore in the same period last year.
• RailTel Corporation: Shares will be in focus after the company secured a significant work order worth ₹145 crore from Eastern Coalfields.
• Axis Bank: The Reserve Bank of India (RBI) has officially approved the reappointment of Subrat Mohanty as a Whole-time Director of the bank.

Neutral Developments

• Q4 Results Today: A high-volume earnings day is expected with major players including Hindustan Unilever (HUL), Adani Enterprises, Adani Ports & SEZ, ACC, Bajaj Finserv, and Tata Motors (PV) scheduled to report.
• Ex-Dividend Stocks: Investors should track Varun Beverages, ABB India, Stovec Industries, and Tanla Platforms as they trade ex-dividend today.
• Kissht IPO: The digital lending platform’s ₹926 crore initial public offering opens today, April 30, with a price band fixed at ₹162 to ₹171 per share.
• Maruti Suzuki: Revenue from operations grew 28.9% YoY to ₹500.79 billion in Q4, though the stock remains under observation following the recent earnings call.
• Star Health Insurance: The company reported a 16% YoY increase in Gross Written Premium (GWP) to ₹203.69 billion for the full financial year.

Negative News

• Motilal Oswal Financial Services: The firm reported a wider quarterly loss of ₹219.11 crore for Q4, compared to a loss of ₹63.19 crore in the previous year's corresponding quarter.
• REC Ltd: Reported a 22% YoY decline in net profit to ₹33.75 billion for the March quarter, despite a marginal 3% rise in annual net profit for FY26.
• RPG Life Sciences: While revenue rose by 23.6%, net profit saw a sharp decline of 74.5% YoY, dropping to ₹29.9 crore.
• Global Cues: GIFT Nifty signals a weak start as Brent crude prices climbed to multi-week highs near $120/barrel following the US decision to intensify blockades at the Strait of Hormuz.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

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