Indian markets are expected to react to a mix of global cues, earnings announcements, and corporate developments on April 22. A sharp overnight rise in crude oil prices and multiple company-specific updates are likely to drive stock-specific action.
Here is a detailed overview of stocks to watch today
Oil & Gas Stocks in Focus as Crude Nears $100
Shares of Oil and Natural Gas Corporation and Oil India Limited may see momentum after crude oil prices jumped around 2% overnight, with Brent crude trading close to $100 per barrel. The extension of the ceasefire has also supported prices.
Oil marketing companies and paint companies could remain under pressure due to rising input costs linked to higher crude prices.
Vedanta Group Stocks: Dividend Watch
Vedanta Limited will be in focus as its subsidiary Hindustan Zinc Limited is scheduled to consider a dividend at its board meeting on April 24. Dividend announcements typically attract investor attention due to potential cash returns.
HDFC Life: Leadership Continuity
HDFC Life Insurance Company has reappointed Vibha Padalkar as Managing Director and CEO for another five-year term. Leadership continuity is generally seen as a stabilising factor for long-term strategy execution.
Mphasis: Acquisition Update
Mphasis Limited has announced the acquisition of TAP, with an upfront payment of ₹68 crore and additional milestone-based payments of up to ₹137 crore.
Real Estate & Infrastructure Updates
Sunteck Realty reported a 22% year-on-year rise in Q4 pre-sales, while collections grew 39%, indicating steady demand.
PNC Infratech has emerged as the lowest bidder for two HAM projects worth ₹3,483 crore.
KNR Constructions received ₹130 crore as a settlement amount from NHAI.
Defence & Industrial Developments
BEML Limited secured an order worth ₹590 crore from the Ministry of Defence, which may support order book visibility.
KEI Industries has been awarded the ISO/IEC 27001:2022 certification for information security management systems.
Banking & Financial Services
Karnataka Bank has partnered with Pine Labs to offer point-of-sale (PoS) services, aiming to expand merchant payment solutions.
360 ONE WAM reported margin contraction of 56 basis points and a 2% QoQ decline in ARR.
Manappuram Finance saw its open offer close with no shares tendered.
IT Sector Under Pressure
HCL Technologies reported a weak Q4 performance, with its first profit decline in 16 years and a widened FY27 revenue guidance range.
Persistent Systems posted a 10% QoQ drop in total deal wins and EBIT margin below estimates.
Tata Elxsi reported constant currency revenue growth of 0.9%, below expectations, though margins came in above estimates.
Energy & Utilities
JSW Energy said its arm received a demand order worth ₹1,447 crore from the Water Resources Department of Chhattisgarh.
Midcap & Other Earnings Impact
Transformers and Rectifiers India reported a 10% decline in EBITDA, with FY26 order book below guidance.
Central Coalfields Limited saw EBITDA fall 28.5% YoY, with margins sharply lower at 28.8%.
Rajratan Global Wire reported margin contraction and a 14.2% YoY drop in EBITDA.
Cyient DLM posted lower margins and a 25% decline in EBITDA.
Block Deal Activity
Shares of OneSource Specialty Pharma may remain active after Fidelity Investments acquired 20.2 lakh shares via block deals.