Stock Market Highlights: Nifty, Sensex End Lower After Topsy-Turvy Trade

• Grasim Industries contributed the most to Nifty 50 gains at close, adding 16.49 points to the index.
• ICICI Bank, IndiGo, Apollo Hospitals and Bharat Electronics also supported the benchmark.
• Reliance Industries was the biggest drag on the Nifty 50, followed by Bharti Airtel and Infosys.
• Bajaj Finance and Hindustan Unilever also weighed on the index.

• Indian benchmark indices closed lower after giving up sharp early gains in a volatile trading session.
• Nifty 50 ended down 0.02% at 23,654.70, while Sensex closed 0.18% lower at 75,183.36.
• Intraday, Nifty fell as much as 0.3% to 23,596 after rising as much as 0.9% to 23,859 earlier in the day.
• Sensex dropped as much as 321 points to 74,996 after touching an intraday high of 75,945 in morning trade.

• ITC reported fourth-quarter net profit of Rs 5,113 crore, ahead of Bloomberg estimates of Rs 4,906 crore.
• Revenue came in at Rs 16,051 crore, below estimates of Rs 18,031 crore.
• EBITDA stood at Rs 6,426 crore versus estimates of Rs 5,997 crore.
• EBITDA margin expanded to 40%, higher than estimates of 33.2%.
• ITC shares traded at Rs 308.55 after the results.

• European markets edged higher on Thursday after reversing earlier losses as investors tracked geopolitical developments and a decline in oil prices.
• The pan-European Stoxx 600 index rose nearly 0.2% in early trade. Markets in Frankfurt, Paris and Milan traded higher, while the UK’s FTSE 100 remained in the red.
• Most sectoral indices in the region also traded higher.

• Indian markets are reacting to a mix of global macro pressures and valuation concerns, said Parthiv Shah, director at Tracom Stock Brokers.
• Shah said the rise in crude oil prices due to tensions in West Asia remains a key concern for India as it could affect inflation, the current account balance and company margins. He added that rupee weakness, higher US bond yields and foreign institutional investor selling are also weighing on sentiment.
• He said profit booking has increased after the recent rally, particularly in mid- and small-cap stocks where valuations remain elevated.

• Emami said its non-summer domestic portfolio grew 11% in the fourth quarter, helping the business remain resilient amid demand headwinds.
• The company said international business revenue declined 5% during the quarter due to the conflict in West Asia.

• Emami reported an 11.7% decline in consolidated net profit for the fourth quarter to Rs 143 crore from Rs 162 crore a year earlier.
• Revenue fell 3.9% to Rs 925 crore from Rs 963 crore.
• EBITDA declined 14.9% to Rs 187 crore, while margin narrowed to 20.2% from 22.8% a year earlier.
• The company also reappointed Harsha Vardhan Agarwal as vice chairman and managing director.

• Nifty India Defence remained the top-performing sectoral index, gaining 1.43% in afternoon trade.
• Nifty Realty and Nifty Energy also traded higher.
• Nifty IT was the worst-performing sectoral index, falling 0.59%.
• Nifty FMCG, Bank and Financial Services indices also traded in the red.


 

• Page Industries reported a 9% rise in fourth-quarter net profit to Rs 179 crore from Rs 164 crore a year earlier.
• Revenue increased 14.1% to Rs 1,253 crore from Rs 1,098 crore.
• EBITDA rose 11.1% to Rs 261 crore, while margin narrowed to 20.8% from 21.4% a year earlier.
• The company also announced an interim dividend of Rs 150 per share.

• RPSG Ventures reported a consolidated net loss of Rs 57.5 crore for the fourth quarter, compared with a loss of Rs 13.1 crore a year earlier.
• Revenue rose 15.2% to Rs 2,927 crore from Rs 2,541 crore.
• EBITDA increased 10.2% to Rs 368 crore, while margin narrowed to 12.6% from 13.1% a year earlier.

• Indian benchmark indices erased early gains and turned lower in afternoon trade.
• Nifty 50 traded down 0.15% at 23,622.55, while Sensex fell 0.32% to 75,078.34.
• Intraday, Nifty fell as much as 0.3% to 23,596 after rising as much as 0.9% to 23,859 earlier in the session.
• Sensex declined as much as 321 points to 74,996 after touching an intraday high of 75,945 in morning trade.

• Commerce and Industry Minister Piyush Goyal said the government is monitoring the rupee’s movement closely amid global uncertainty. He said different arms of the government are working together and several measures are under consideration.
• Goyal added that the global situation remains challenging.

• Bosch said the domestic automotive market remained steady in the March quarter and expects stable growth to continue in FY27.
• The company said the mobility business grew 16.9% in Q4, driven by the power solutions segment.
• Bosch expects positive growth in the two-wheeler segment, while tractor and commercial vehicle segments are likely to remain steady.
• The company said geopolitical uncertainty affected shipments, though semiconductor supply issues have now been resolved.
• For the fourth quarter, Bosch reported a 13.3% rise in revenue to Rs 5,566 crore. EBITDA increased 20.8% to Rs 782 crore, while margin expanded to 14% from 13.2% a year earlier. Net profit rose 2.7% to Rs 569 crore.

• Zydus Group said it plans to commercialise 15-20 biosimilars and expects the recent acquisition to be earnings accretive in FY27 itself.
• The company said it sees meaningful synergies from the acquisition.
• Zydus said it expects robust growth in the US business aided by new product launches and remains confident of reporting growth in FY27.
• The company also guided for EBITDA margin of more than 24% in FY27 and said strong exports are expected to support foreign exchange gains.

• International Gemmological Institute said prices have remained stable since 2024 and margins have stayed consistent over the last four to five months.
• The company said the lab-grown jewellery certification business is growing, with the US being the first major market to adopt lab-grown diamonds.
• IGI also said it is not concerned about its Dubai operations at present.

• International Gemmological Institute said prices have remained stable since 2024 and margins have stayed consistent over the last four to five months.
• The company said the lab-grown jewellery certification business is growing, with the US being the first major market to adopt lab-grown diamonds.
• IGI also said it is not concerned about its Dubai operations at present.

• ONGC saw a block trade involving 1.02 million shares during the trading session, Bloomberg data showed.
• The buyers and sellers in the transaction were not immediately known.

• Dee Development Engineers reported a 12.5% decline in consolidated net profit for the fourth quarter to Rs 28 crore from Rs 32 crore a year earlier.
• Revenue rose 26.3% to Rs 362 crore from Rs 286 crore.
• EBITDA remained flat at Rs 63.7 crore, while margin narrowed to 17.6% from 22.2% a year earlier.

• JSW Cement reported a consolidated net profit of Rs 371 crore for the fourth quarter, compared with Rs 34 crore a year earlier.
• Revenue rose 10.9% to Rs 1,895 crore from Rs 1,709 crore.
• EBITDA increased 52.5% to Rs 365 crore, while margin expanded to 19.3% from 14% a year earlier.
• The company also re-appointed Nilesh Narwekar as chief executive officer for three years.

• IRB Infrastructure Developers said toll revenue may grow 9% to 9.5% in FY27 if inflation remains elevated.
• The company said it has started the process of transferring two private InvIT assets to public InvITs.
• Management said IRB Infra remains on track to become net debt zero over the next five years and does not see a need to raise additional funds.
• The company added that its diversified portfolio is expected to support long-term growth.

Source: Informist

• Tata Motors Passenger Vehicles and JSW MG Motor India said they are seeing strong demand growth for electric vehicles as rising petrol and diesel prices push buyers towards EVs.
• Tata Motors said consumer interest in EVs strengthened further in recent weeks, with dealers reporting higher enquiries and bookings. The company said developments in West Asia also contributed to the recent uptick in demand.
• JSW MG Motor India said customer interest in EVs rose more than 23% in March-April 2026 compared with January-February 2026. The company expects four-wheeler EV penetration to exceed 8% of overall passenger vehicle sales.
• Mahindra & Mahindra said India has an opportunity to accelerate the shift towards cleaner energy systems and reiterated its focus on electrification and reducing fossil fuel dependence.

• Mphasis rose more than 1% to lead gains among IT stocks in early trade.
• Wipro and Oracle Financial Services Software also traded higher, while HCL Technologies saw marginal gains.
• Persistent Systems, Coforge and Tech Mahindra were among the top losers in the IT pack. Infosys and TCS also traded lower.


 

• Bharti Airtel said all existing postpaid customers will automatically get benefits under its recently launched “Priority Postpaid” service, which promises more consistent network speeds in crowded areas.
• Airtel India Managing Director and Chief Executive Officer Shashwat Sharma said prepaid users will need to shift to postpaid plans to access the service. The company launched the plans on May 19 using network slicing technology to create a separate network layer for postpaid subscribers.
• The service is aimed at improving video calls, downloads and uploads during peak traffic conditions such as markets, traffic jams and large events.

• The Reserve Bank of India board is set to meet on Friday to consider its dividend payout to the central government, sources told NDTV Profit.
• The RBI is likely to pay a dividend of Rs 2.7 lakh crore to Rs 3.5 lakh crore for FY26.
• Sources said a nearly 10% fall in the rupee against the US dollar during FY26 helped expand the RBI’s balance sheet. Gains from foreign exchange market interventions, investments and currency printing also supported earnings.
• The payout could provide significant support to the Centre’s FY27 fiscal position. RBI had paid Rs 2.69 lakh crore as dividend to the government for FY25.

• Apollo Hospitals said FY27 is expected to see strong growth led by its diagnostics business, where margins are higher.
• The company said new stores and improving traction in new units are expected to support growth in the current financial year.
• Apollo Hospitals said losses in its online business narrowed to Rs 16 crore and FY27 losses are expected to remain around Rs 140 crore.
• The company also said patient inflows from Bangladesh have started recovering.

Apollo Hospitals said FY27 is expected to see strong growth led by its diagnostics business, where margins are higher.
The company said new stores and improving traction in new units are expected to support growth in the current financial year.

Apollo Hospitals said losses in its online business narrowed to Rs 16 crore and FY27 losses are expected to remain around Rs 140 crore.
The company also said patient inflows from Bangladesh have started recovering.

• Indian benchmark indices pared some early gains after a firm start driven by positive global cues.
• Nifty 50 traded up 0.26% at 23,721.30, while Sensex gained 0.15% to 75,433.77.
• Earlier in the session, Nifty rose as much as 0.9% to 23,859 and Sensex gained 627 points to 75,945.

• Nifty 50 total derivatives open interest climbed 94.56% since the previous expiry despite the index falling 8.36%.
• Call open interest rose 87.72%, while Put open interest increased 107.53%.
• The data pointed to elevated hedging activity amid sharp market swings.

• Nifty Bank total derivatives open interest rose 121.19% since the previous expiry cycle while the index declined 7.52%.
• Call open interest increased 164.64%, while Put open interest climbed 93.02%.
• The positioning reflected heightened derivatives activity in the banking segment.

• PI Industries and Wipro featured among stocks witnessing strong open interest additions since the previous expiry.
• PI Industries total derivatives open interest surged 266.41%, while Wipro recorded a 176.74% rise.
• Persistent Systems and ONGC also saw elevated positioning activity.

• Glenmark Pharma and Godrej Consumer Products recorded sharp increases in derivatives positioning since the previous expiry.
• Glenmark Pharma Put open interest jumped more than 506%, while Godrej Consumer Products Call open interest rose over 715%.
• Both counters also witnessed strong total open interest additions.

• Info Edge India, which operates Naukri, and Samvardhana Motherson International appeared among stocks witnessing fresh accumulation activity in futures trade.
• Both counters advanced alongside rising open interest, signalling fresh long positioning.
• Adani Green Energy and Bharat Forge also featured in the accumulation basket.

• Oberoi Realty and Power Grid Corp. featured among stocks witnessing fresh long build-up in futures positioning.
• Both counters gained during the session while open interest also increased.
• HDFC Asset Management and Angel One additionally showed similar trends.

• Biocon and Infosys appeared among counters witnessing liquidation in futures positioning.
• Both stocks declined while open interest also eased during the session.
• MCX and Coforge also featured in the long unwinding category.

• Laurus Labs and Persistent Systems witnessed long unwinding activity in the latest derivatives data.
• The stocks declined alongside lower open interest levels.
• UPL and Kaynes Technology also appeared in the liquidation basket.

• Siemens and Tata Steel featured among stocks witnessing short covering in futures trade.
• Both counters advanced during the session while open interest declined.
• Vedanta and Hindustan Petroleum Corp. also showed similar positioning trends.

• Power Grid Corp. and RBL Bank appeared among counters witnessing short covering activity.
• The stocks gained alongside declining open interest levels.
• Punjab National Bank and Indus Towers also featured in the list.

• Page Industries and Bosch featured among stocks witnessing fresh short additions in futures trade.
• Both counters declined while open interest increased.
• DMart and Jubilant FoodWorks also appeared in the fresh shorts basket.

• Glenmark Pharma and Swiggy appeared among counters witnessing fresh short build-up.
• The stocks declined during the session while open interest rose.
• Marico and Dabur India also featured among stocks seeing bearish derivatives positioning.

• Nifty weekly options positioning showed the 23,500 strike carrying one of the highest Put open interest bases.
• Fresh Put additions were also concentrated at the 23,500 and 23,800 strikes.
• The data indicated traders continued to defend the 23,500 zone despite elevated volatility.

• Nifty weekly options data showed aggressive Call additions at the 24,000 strike.
• The strike also carried the highest Call open interest concentration, signalling traders continued to place resistance expectations around the level.
• Fresh Call writing was also visible at the 23,900 and 24,500 strikes.

• Jubilant Food, Bosch and Page Industries saw fresh short build-up in futures trade.
• DMart, Marico, Dabur and Trent also witnessed higher open interest alongside declines in price.

• Tata Steel, DLF and National Aluminium saw short covering in futures trade.
• BSE, Siemens, Power India and REC also recorded lower open interest with gains in price.

• Tech Mahindra, Infosys and MCX featured among stocks witnessing liquidation in futures positions.
• Coforge, Persistent Systems, L&T Finance and SBI Cards also saw a decline in open interest alongside price weakness.

• Nifty 50 options data showed the highest call open interest at the 24,000 strike for both weekly and monthly expiry contracts.
• The 23,000 strike held the highest put open interest, indicating support at lower levels.
• Fresh call open interest addition was also highest at the 24,000 strike, while fresh put additions were concentrated around the 23,800 strike.

• Naukri futures open interest rose 246.34%, indicating accumulation in the counter.
• Motherson, Oberoi Realty, Adani Green and Varun Beverages also saw higher open interest alongside price gains.
• Power India, HDFC AMC and Apollo Hospitals were among other stocks that saw accumulation in futures trade.

• Bank Nifty options data showed the highest call open interest at the 54,000 strike in weekly and monthly contracts.
• The 53,000 strike held the highest put open interest.
• Fresh call additions were concentrated at the 54,000 strike, while put additions were seen near the 53,500 and 54,000 strikes.

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• The rupee’s one-year forward trade crossed the 100-per-dollar mark for the first time, with the USD/INR 12-month non-deliverable forward touching 100.96 on May 20 before easing near 99.9.
• The move reflects rising depreciation expectations in the offshore market amid sustained dollar demand and wider forward premiums. The offshore NDF market is tracked as an indicator of global sentiment on the rupee.

• \Adani Power said it will acquire a 24% stake in Jaiprakash Power Ventures from JP Associates for Rs 2,994 crore.
• The company will also acquire a 180 MW thermal power plant in Churk for Rs 1,200 crore, according to an exchange filing.

• Honeywell Automation India rose more than 8% to lead gains among buzzing stocks in early trade.
• Indiabulls Housing Finance, Triveni Turbine, Techno Electric and International Gemmological Institute India also gained between 4% and 7%.
• Jubilant Food was the top loser, falling more than 7%. Ola Electric, Action Construction Equipment and Bosch also traded lower.


 

• Indiabulls Housing Finance rose more than 8% and was among the top gainers in early trade. Honeywell Automation India, International Gemmological Institute India and Techno Electric also gained.
• Jubilant Food fell over 7%, while Ola Electric declined nearly 4%. Jaiprakash Power Ventures and Ola Electric were among the most active stocks by volume.

• Ola Electric shares fell 3.3% in early trade after the company reported a 56.6% drop in fourth-quarter revenue to Rs 265 crore.
• The company posted a consolidated net loss of Rs 500 crore for the March quarter, compared with Rs 870 crore a year earlier.
• Citi said revenue missed its estimates because of lower vehicle prices and weaker volumes. The brokerage raised its target price to Rs 26 from Rs 22 but retained its “Sell” rating.


 

• HDFC Bank contributed the most to Nifty 50 gains, adding 16.77 points to the index move.
• Larsen & Toubro, ICICI Bank, Grasim and BEL also supported the advance.
• ONGC, TCS, Infosys, Tata Consumer and Titan were among the stocks weighing on the index.


 

• The Nifty India Defence index rose 1.72%, leading gains among sectoral indices.
• Nifty Realty and Nifty Media also gained nearly 1% each.
• Nifty Oil and Gas, Nifty IT and Nifty Pharma saw smaller gains compared with other sectoral indices.


 

• The rupee strengthened for the first time in nine trading sessions.
• The currency appreciated as much as 49 paise to 96.33 against the US dollar.

• The Nifty 50 traded 171.05 points, or 0.72%, higher at 23,830.05.
• The Sensex was up 484.84 points, or 0.64%, at 75,803.23.

• Stellantis and Tata Motors-owned Jaguar Land Rover signed a non-binding MoU to explore collaboration opportunities for product development in the US.
• The companies said they will look at product and technology development synergies, using their complementary strengths to create value for both organisations.

• Gita Gopinath told NDTV that crude oil prices could rise to $140–$160 per barrel by the end of June if the Iran-related disruption continues for another month.
• She said such a rise would be a negative shock for the global economy and India, which depends on the Middle East for energy imports. Gopinath said markets are expecting a near-term resolution, but added that there is no confirmation yet.

• Jefferies’ Mahesh Nandurkar said all-time low capital flows, rather than the current account deficit, are the main reason for pressure on the rupee.
• The brokerage said equity market-driven outflows stood at $78 billion over the past two years, while domestic flows gave foreign investors an exit route. It expects the rupee to move to 93–95 per dollar over the next 12 months, assuming the Strait of Hormuz opens soon.

• Goldman Sachs maintained a buy rating on CE Info Systems and cut its target price to Rs 1,350 from Rs 1,400.
• The brokerage said Q4 missed estimates, with IoT margins surprising negatively and order book execution needing more time. It said management indicated that the Rs 1,000 crore revenue target may be pushed out due to order delays.

• Citi maintained a buy rating on AU Small Finance Bank with a target price of Rs 1,225.
• The brokerage cited distribution-led market share gains in wheels and gold loans, and commercial banking growth of more than 25%. It said Q4 net interest margin had seasonal benefits and should not be extrapolated, while the decision on an equity raise depends on clarity on growth visibility.

• Jefferies maintained a buy rating on Bharat Electronics and raised its target price to Rs 585 from Rs 565.
• The brokerage said earnings visibility remains strong and expects double-digit earnings growth over the medium term. It said the company’s 15%-plus earnings CAGR outlook remains intact.

• Citi maintained a sell rating on Ola Electric Mobility and raised its target price to Rs 26 from Rs 22.
• The brokerage said Q4 results were below estimates. It said gross margins improved, but operating leverage remained low, and added that it would look for sustained volume growth before turning constructive.

• Jefferies maintained a buy rating on Samvardhana Motherson with a target price of Rs 160, while Morgan Stanley maintained an overweight rating and raised its target to Rs 150 from Rs 144.
• Jefferies expects recent acquisitions to support growth in FY27–28 and said higher commodity costs may weigh on margins in H1FY27 before being passed on to customers. Morgan Stanley said aerospace and consumer electronics could be key stock drivers.
• Citi maintained a sell rating but raised its target price to Rs 110 from Rs 100, citing cost pressures and caution on global demand.

• Morgan Stanley maintained an overweight rating on Mankind Pharma and raised its target price to Rs 2,735 from Rs 2,500, citing recovery in growth and stronger visibility.
• Jefferies maintained a buy rating and raised its target price to Rs 3,000 from Rs 2,900. The brokerage said the base business is growing in double digits and expects continued outperformance in chronic therapies.

Morgan Stanley maintained an overweight rating on Lenskart with a target price of Rs 576, citing a Q4 beat and focus on sustaining growth. The brokerage said the company reiterated its 25% steady-state Ebitda margin target and expects FY27 store additions to be similar to FY26.

Jefferies maintained a buy rating and raised its target price to Rs 600 from Rs 575. The brokerage cited growth, margin gains and management’s focus on compounding growth.

Morgan Stanley maintained an equal-weight rating on Jubilant FoodWorks with a target price of Rs 486, citing a weak Q4 and margin pressure from LPG, labour and commodity costs.

Jefferies maintained a buy rating but cut its target price to Rs 600 from Rs 850, saying a pick-up in earnings growth is still awaited. Macquarie maintained an underperform rating with a target price of Rs 390, citing concerns over Jubilant’s ability to achieve 5–7% like-for-like growth over the next few quarters.

• Morgan Stanley maintained an overweight rating on Aditya Birla Capital with a target price of Rs 408 after the company raised Rs 4,000 crore through a preferential issue. The brokerage said post-money dilution will be 4%, while promoter shareholding will rise to 68.9%.
• Jefferies maintained a buy rating with a target price of Rs 425. The brokerage estimated the equity infusion to be 2% EPS accretive and 11% book value accretive, with a 3% accretion to SOTP valuation.

Jefferies maintained a buy rating on Grasim Industries and raised its target price to Rs 3,600 from Rs 3,440, citing a Q4 beat led by VSF performance and lower losses in new businesses.

Citi also maintained a buy rating and raised its target price to Rs 3,600 from Rs 3,450. The brokerage said Grasim’s paints market share crossed 10% and expects the stock to be driven by cement and paints, with support from VSF and chemicals.

Morgan Stanley said Birla Opus gained 90 basis points market share sequentially and crossed 10% paints market share in March 2026. It said competitive intensity remains high in the paints segment.

Morgan Stanley maintained an overweight rating on Apollo Hospitals with a target price of Rs 8,833, citing revenue growth, narrowing digital losses and a Q4 beat led by operating leverage.

Macquarie maintained an underperform rating with a target price of Rs 6,230. The brokerage said Apollo’s Q4 results were a modest beat and noted that the market may view the valuation of the Cloudnine transaction as underwhelming.

Morgan Stanley maintained an overweight rating on PI Industries with a target price of Rs 3,883.

The brokerage expects the company to move cautiously into FY27 and anticipates a return to positive revenue growth during the year, with improved prospects across agchem verticals. It said the pharma business may take two to three years to scale to twice its current revenue base, which it sees as a key level for margin improvement.

• OpenAI is working with Goldman Sachs and Morgan Stanley to draft its IPO prospectus, the Wall Street Journal reported.
• The company is seeking to be ready for an initial public offering as early as September, according to the report.

• Reliance Power said it will file an appeal challenging the confirmation of provisional attachment of assets worth Rs 407.6 crore.
• The company said the order will have no impact on its business operations, according to an exchange filing.

• SoftBank Group shares rose 19.8% on Thursday, adding about $35 billion to its market value, after Nvidia’s earnings signalled momentum in AI demand.
• The Japanese company has exposure to AI through its stake in Arm Holdings and investments in OpenAI. SoftBank shares had fallen for five straight sessions before Thursday’s rise.

• Hindalco Industries said the review timeline for the AluChem deal has been extended to July 2.
• The company said the review was affected by a partial US government shutdown. AluChem Cos is an arm of Hindalco, according to an exchange filing.

SEBI sent a show-cause notice to six Capital Group foreign portfolio investors, the Economic Times reported, citing a Feb. 2 notice from the regulator.

• Strides Pharma said the US FDA issued Form 483 with five observations for its Bengaluru facility.
• The regulator inspected the unit from May 12 to May 20, according to an exchange filing.

• Jubilant FoodWorks’ revenue rose 6.4% year-on-year to Rs 1,679.7 crore in the fourth quarter, while Ebitda rose 11.5% to Rs 345 crore. Net profit fell 13.9% to Rs 42.6 crore.
• The company reported 0.2% like-for-like growth, while dine-in and takeaway remained weak. Management reaffirmed its medium-term target of 5–7% like-for-like growth and 200-basis-point Ebitda margin expansion by FY28.
• Morgan Stanley maintained an equal-weight rating with a target price of Rs 486, Jefferies maintained a buy rating but cut its target price to Rs 600 from Rs 850, and Macquarie maintained an underperform rating with a target price of Rs 390.

• Apollo Hospitals reported growth across segments in Q4, led by higher hospital volumes, improved pricing and diagnostics.
• Hospital revenue rose 16% year-on-year, while Ebitda increased 14%. New hospitals recorded losses of Rs 41 crore, and excluding them, hospital Ebitda rose 20%. Occupancy improved to 68%, while ARPP rose 9%.
• HealthCo revenue grew 20%, with margins expanding as Apollo 24/7 costs reduced. AHLL revenue rose 24%, led by 52% growth in diagnostics. The company added four hospitals in FY26 and plans to expand total beds to about 13,100.

• Nifty futures rose 0.35% to 23,695 on Wednesday, trading at a 36-point premium.
• Maximum Call open interest was seen at the 24,500 strike, while maximum Put open interest was at the 22,500 strike for the May 19 expiry. The list of securities in the F&O ban period was not out yet.

WPIL (Q4, Consolidated YoY)

• Revenue down 10.6% to Rs 511 crore versus Rs 572 crore.

• Ebitda down 4.7% to Rs 76.2 crore versus Rs 79.9 crore.

• Margin at 14.9% versus 14.0%.

• Net profit up 2,208.6% to Rs 40.4 crore versus Rs 1.75 crore.

• Company recorded Rs 70.5 crore tax on discontinued operations in Q4 FY25.

Novelis (Q4, Consolidated YoY)

• Revenue up 4.4% to $4,787 million versus $4,587 million.

• Adjusted Ebitda down 3% to $459 million.

• Net loss at $84 million versus profit of $294 million.

• Oswego Hot Mill expected to resume operations in a few weeks.

PNC Infratech (Q4, Consolidated YoY)

• Revenue down 5.1% to Rs 1,617 crore versus Rs 1,704 crore.

• Ebitda down 23.5% to Rs 277 crore versus Rs 362 crore.

• Margin at 17.1% versus 21.3%.

• Net profit up 42.1% to Rs 108 crore versus Rs 76 crore.

• MD Chakresh Kumar Jain appointed as CFO.

Orkla India (Q4, Consolidated YoY)

• Revenue up 5% to Rs 626 crore versus Rs 596 crore.

• Ebitda up 2% to Rs 97.3 crore versus Rs 95.4 crore.

• Margin at 15.5% versus 16%.

• Net profit up 108.5% to Rs 73.4 crore versus Rs 35.2 crore.

Prince Pipes (Q4, YoY)

• Revenue up 18.1% to Rs 850 crore versus Rs 720 crore.

• Ebitda up 100.9% to Rs 109.7 crore versus Rs 54.6 crore.

• Margin at 12.9% versus 7.6%.

• Net profit up 131.8% to Rs 56.1 crore versus Rs 24.2 crore.

Bosch Home Comfort (Q4, YoY)

• Revenue up 3.5% to Rs 965.4 crore versus Rs 932.6 crore.

• Ebitda down 26.1% to Rs 67.8 crore versus Rs 91.7 crore.

• Margin at 7% versus 9.8%.

• Net profit down 27.1% to Rs 40.9 crore versus Rs 56.1 crore.

• Marcel Heese appointed Chairperson from July 1; Sanjay Sudhakaran reappointed as MD.

Zee Entertainment (Q4, Consolidated YoY)

• Revenue down 7.3% to Rs 2,025 crore versus Rs 2,184 crore.

• Ebitda loss at Rs 255 crore versus profit of Rs 298 crore.

• Net loss at Rs 102.4 crore versus profit of Rs 188.4 crore.

• Board declared dividend of Rs 2/share.

Trident (Q4, Consolidated YoY)

• Revenue down 12.4% to Rs 1,633 crore versus Rs 1,864 crore.

• Ebitda down 2.1% to Rs 242.2 crore versus Rs 247.4 crore.

• Margin at 14.8% versus 13.3%.

• Net profit down 23.5% to Rs 102 crore versus Rs 133.3 crore.

• Deepak Nanda reappointed as MD for three years.

• Board approved raising up to Rs 500 crore via NCDs.

Hatsun Agro (Q4, YoY)

• Revenue up 14.9% to Rs 2,578 crore versus Rs 2,243 crore.

• Ebitda up 4.8% to Rs 235.3 crore versus Rs 224.5 crore.

• Margin at 9.1% versus 10%.

• Net profit up 18.6% to Rs 51 crore versus Rs 43 crore.

• Board declared interim dividend of Rs 10/share.

Godawari Power (Q4, Consolidated YoY)

• Revenue up 9.7% to Rs 1,610 crore versus Rs 1,468 crore.

• Ebitda up 38.1% to Rs 439 crore versus Rs 318 crore.

• Margin at 27.3% versus 21.7%.

• Net profit up 26.7% to Rs 280 crore versus Rs 221 crore.

• Plans loan of up to Rs 150 crore to GERF and additional Rs 200 crore investment in Godawari New Energy.

Nephrocare Health (Q4, Consolidated YoY)

• Revenue up 21.5% to Rs 266 crore versus Rs 219 crore.

• Ebitda up 4.3% to Rs 53.6 crore versus Rs 51.4 crore.

• Margin at 20.2% versus 23.4%.

• Net profit up 22.1% to Rs 30.4 crore versus Rs 24.9 crore.

ASK Automotive (Q4, Consolidated YoY)

• Revenue up 35% to Rs 1,147 crore versus Rs 850 crore.

• Ebitda up 28.4% to Rs 133.3 crore versus Rs 103.8 crore.

• Margin at 11.6% versus 12.2%.

• Net profit up 24.1% to Rs 71.5 crore versus Rs 57.6 crore.

BPCL (Q4, QoQ)

• Revenue down 0.3% to Rs 1.18 lakh crore versus Rs 1.19 lakh crore.

• Ebitda down 13.8% to Rs 10,061 crore versus Rs 11,677 crore.

• Margin at 8.5% versus 9.8%.

• Net profit down 57.7% to Rs 3,191 crore versus Rs 7,545 crore.

• One-time loss stood at Rs 4,349 crore in Q4.

Dredging Corp (Q4, YoY)

• Revenue up 73.2% to Rs 478.2 crore versus Rs 276.1 crore.

• Ebitda up 334.7% to Rs 143 crore versus Rs 32.9 crore.

• Margin at 29.9% versus 11%.

• Net profit at Rs 86.9 crore versus loss of Rs 24.6 crore.

PTC India (Q4, Consolidated YoY)

• Revenue up 33.3% to Rs 3,898 crore versus Rs 2,924 crore.

• Ebitda down 6.9% to Rs 145 crore versus Rs 156 crore.

• Margin at 3.7% versus 5.3%.

• Net profit down 69.4% to Rs 105 crore versus Rs 343 crore.

• Board declared final dividend of Rs 5.50/share.

• Company to consider monetising stake in PTC India Financial Services.

Anthem Biosciences (Q4, Consolidated YoY)

• Revenue up 26.5% to Rs 611 crore versus Rs 483 crore.

• Ebitda up 36.9% to Rs 267 crore versus Rs 195 crore.

• Margin at 43.7% versus 40.4%.

• Net profit up 129.8% to Rs 189.8 crore versus Rs 82.6 crore.

• Board declared final dividend of Rs 2/share.

Mankind Pharma (Q4, Consolidated YoY)

• Revenue up 11.8% to Rs 3,443 crore versus Rs 3,079 crore.

• Ebitda up 36.2% to Rs 930 crore versus Rs 683 crore.

• Margin at 27% versus 22.2%.

• Net profit up 31.6% to Rs 554 crore versus Rs 421 crore.

• Satish Kumar Sharma appointed Whole-Time Director for five years.

• Company to invest additional Rs 500 crore in Mankind Medicare.

Karnataka Bank (Q4, YoY)

• NII up 8% to Rs 843 crore versus Rs 781 crore.

• Operating profit up 64% to Rs 615 crore versus Rs 375 crore.

• Net profit up 61.9% to Rs 408 crore versus Rs 252 crore.

• Gross NPA improved to 2.78% versus 3.32% QoQ.

• Net NPA improved to 0.98% versus 1.31% QoQ.

• Provisions down 4.8% to Rs 90.3 crore versus Rs 94.9 crore QoQ.

• Board declared final dividend of Rs 5/share.

Automotive Axles (Q4, YoY)

• Revenue up 18.6% to Rs 664 crore versus Rs 560 crore.

• Ebitda up 23.2% to Rs 77.1 crore versus Rs 62.6 crore.

• Margin at 11.6% versus 11.2%.

• Net profit up 17.4% to Rs 53.9 crore versus Rs 45.9 crore.

• Board declared final dividend of Rs 32/share; record date set as August 5.

Hindware Home Innovation (Q4, Consolidated YoY)

• Revenue down 5.2% to Rs 663 crore versus Rs 699 crore.

• Ebitda up 8.1% to Rs 44.2 crore versus Rs 40.9 crore.

• Margin at 6.7%.

• Net loss at Rs 19 crore versus loss of Rs 31 crore.

Viyash Scientific (Q4, Consolidated YoY)

• Revenue up 19.2% to Rs 920 crore versus Rs 772 crore.

• Ebitda up 62.8% to Rs 184 crore versus Rs 113 crore.

• Margin at 20% versus 14.6%.

• Net profit at Rs 52.1 crore versus loss of Rs 26.2 crore.

• One-time cost stood at Rs 7 crore in Q4.

CE Info Systems (Q4, Consolidated QoQ)

• Revenue up 54.7% to Rs 145 crore versus Rs 93.7 crore.

• EBIT up 197.9% to Rs 56.9 crore versus Rs 19.1 crore.

• EBIT margin at 39.2% versus 20.4%.

• Net profit up 170.2% to Rs 50.8 crore versus Rs 18.8 crore.

• Board declared final dividend of Rs 3.50/share.

Dynamatic Tech (Q4, Consolidated YoY)

• Revenue up 13.6% to Rs 433 crore versus Rs 381 crore.

• Ebitda up 28.2% to Rs 48.6 crore versus Rs 37.9 crore.

• Margin at 11.2% versus 10%.

• Net profit down 21.7% to Rs 12.6 crore versus Rs 16.1 crore.

• Board declared interim dividend of Rs 5/share.

Borosil (Q4, Consolidated YoY)

• Revenue up 5.2% to Rs 284 crore versus Rs 270 crore.

• Ebitda down 18.8% to Rs 30.2 crore versus Rs 37.2 crore.

• Margin at 10.6% versus 13.8%.

• Net profit down 4.5% to Rs 10.6 crore versus Rs 11.1 crore.

• Board approved raising up to Rs 250 crore via QIP and other routes.

Siyaram Silk Mills (Q4, Consolidated YoY)

• Revenue up 15.9% to Rs 853 crore versus Rs 736 crore.

• Ebitda up 23.4% to Rs 137 crore versus Rs 111 crore.

• Margin at 16% versus 15.1%.

• Net profit up 35.8% to Rs 97.8 crore versus Rs 72.04 crore.

• Board declared special dividend of Rs 4/share and final dividend of Rs 5/share.

Fine Organic (Q4, Consolidated YoY)

• Revenue up 3% to Rs 625 crore versus Rs 607 crore.

• Ebitda up 8.3% to Rs 130 crore versus Rs 120 crore.

• Margin at 20.8% versus 19.7%.

• Net profit up 21% to Rs 117.5 crore versus Rs 97.1 crore.

• Board declared final dividend of Rs 11/share.

• Company to acquire 80% stake in Oleofine Organics.

Stocks in focus include Aditya Birla Capital, which plans to issue shares worth up to Rs 4,000 crore on a preferential basis, and JSW Energy, whose board approved a QIP issue with a floor price of Rs 534.05 per share.

• Dalmia Bharat and Raymond will consider fundraising plans at upcoming board meetings.
• RVNL emerged as the lowest bidder for a Rs 164 crore East Coast Railway order, while Pace Digitek won a Rs 265 crore BSNL order.
• Hexaware Tech will acquire CPS through its UK arm for Rs 140 crore, while Vodafone Idea will buy a 26% stake in MTK Quantum Green Energy for Rs 4.3 crore.
• Akums Drugs’ subsidiaries received tax demands totalling Rs 134 crore from the Income Tax Department.

• Dynacons Systems & Solutions, Embassy Developments, Fineotex Chemical and Jain Resource Recycling have been shortlisted under the short-term ASM framework.
• Aequs, Frontier Springs, Rain Industries and Fujiyama Power Systems will be excluded from the ASM framework.

Jain Resource Recycling’s price band has been revised to 10% from 20%, according to trading tweak updates.

• Vikram Solar’s Nilam Chaudhary pledged 30 lakh shares, while Indiabulls’ Valerian Real Estate bought 17.41 lakh shares.
• Paisalo Digital’s promoter group entities created pledges on multiple shareholdings. Inox India’s Lata Madhusudan Rungta, part of the promoter group, sold 40,000 shares.

• SpaceX filed publicly for an initial public offering, with the listing targeted to raise as much as $75 billion.
• The filing showed a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter. SpaceX also disclosed a super-voting share plan that would allow Elon Musk to retain control of the company.

• Nvidia forecast sales of about $91 billion for the quarter ending July, above the average Bloomberg estimate of $87 billion.
• For the quarter ended April 26, revenue rose 85% to $81.6 billion, while adjusted profit stood at $1.87 a share. The company also raised its quarterly dividend to 25 cents a share and announced $80 billion in stock repurchases. Its data centre unit reported revenue of $75.2 billion.

• Oil prices rose after a sharp fall on Wednesday as US President Donald Trump said Washington was in the “final stages” with Iran.
• Brent traded above $105 a barrel after dropping 5.6% in the previous session, while WTI was near $99. Traders are tracking talks that could lead to a restart of energy flows through the Strait of Hormuz.

The GIFT Nifty traded at 23,852, above the Nifty 50’s Wednesday close of 23,659, indicating a higher opening for Indian equities.

Asia-Pacific markets opened higher on Thursday after oil prices declined amid signs of progress in US-Iran negotiations.

• Japan’s Nikkei 225 rose over 3% after trade data showed exports grew 14.8% in April, led by semiconductor shipments
• South Korea’s Kospi gained 6%, while Samsung Electronics climbed more than 6% after workers averted a planned strike following wage talks
• SoftBank Group surged nearly 20% after Nvidia’s earnings boosted optimism around AI demand
• Australia’s S&P/ASX 200 advanced 1.66%, while Hong Kong Hang Seng futures traded above the previous close