A packed day for equity markets awaits investors with multiple stocks poised to remain in focus today, driven by corporate developments, quarterly earnings announcements, and rating upgrades.
In the pharmaceutical sector, Emcure Pharma received an Establishment Inspection Report (EIR) from the USFDA for its API plant in Kurkumbh. JB Chemicals secured USFDA approval for its ANDA of Bisoprolol Tablets, while Cipla’s Goa facility received a ‘Voluntary Action Indicated’ classification post-inspection. Zydus Life signed a global licensing deal with Brazil’s Braile Biomedica for commercializing TAVI technology, and Divi’s Laboratories signed a long-term manufacturing and supply agreement with a global pharma player.
Technology and AI firms also made headlines. TCS has partnered with Vianai Systems to enhance its GenAI offerings, and NIIT announced acquiring a 70% stake in iamneo, a deep skilling AI SaaS platform.
Banking heavyweights reported strong earnings:
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ICICI Bank posted a net profit of ₹12,630 crore, ahead of estimates
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HDFC Bank reported ₹17,616 crore in net profit, beating the street’s forecast
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Yes Bank’s net profit rose to ₹738 crore vs poll estimate of ₹598 crore
Additionally, Fitch Ratings upgraded ICICI Bank’s and Bank of Maharashtra’s viability ratings, while affirming Axis Bank’s long-term issuer rating at ‘BB+’.
Infrastructure and industrial plays also had significant updates:
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Power Grid’s Raipur subsidiary fully commissioned a new transmission system
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JSW Steel received NGT clearance for its Dolvi Plant activities
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ABB announced a 100% spin-off of its robotics division by 2026
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Adani Ports is acquiring Abbot Point Port Holdings from Carmichael Rail & Port Singapore
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Adani Green Energy operationalized a 48 MW wind power plant in Gujarat
On the aviation front, IndiGo’s CEO projected its international capacity will rise to 40% this year.
Consumer-facing companies also made moves:
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ITC announced acquisitions of Sresta Natural Bioproducts and Mother Sparsh
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Devyani International will consider a preferential issue on April 24
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Just Dial, Network18, Amal, and HDFC Life posted YoY growth in Q4 profits
Other notable developments:
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Rajputana Biodiesel won an LOI from Indian Oil
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KayCee Energy received a ₹39 crore order from Rajasthan Rajya Vidyut
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Conart Engineers, PSP Projects, Magna Electro Castings, and Electronics Mart reported new orders or project updates
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Gold financing companies may benefit as gold prices hit a record $3,375
Meanwhile, Ethos Ltd incorporated a subsidiary in Dubai, and GMR Airports reported an 8% YoY increase in March traffic to 10.56 million passengers.
Neutral or regulatory developments were seen in names like Voltas (customs show cause), Pradeep Metals (rating reaffirmation), and Infosys, which missed Q4 profit estimates.
Negative triggers included:
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Tata Elxsi, Sterling & Wilson, and Gensol Engineering posting disappointing earnings or facing tax actions
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Dalmia Bharat and ADF Foods were impacted by ED action and GPCB notices respectively
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Cellecor Gadgets delayed a board meeting due to ED-related proceedings
Investors will closely track these names during the day as broader market sentiment remains driven by earnings momentum and global cues.
Disclaimer: The above views are based on public disclosures and do not constitute financial advice. Please make any and every investment decision after consulting your financial advisor.
