Maruti Suzuki‘s total April sales surged 33.3% year-on-year to 2.39 lakh units from 1.79 lakh units, signalling strong demand momentum heading into Q1 FY27. Hero MotoCorp posted one of the standout auto sales numbers of the month — total April sales up 85.4% year-on-year to 5.66 lakh units from 3.05 lakh units. Eicher Motors reported Royal Enfield April sales up 31% year-on-year to 1.13 lakh units from 86,559 units. Tata Motors CV segment total April sales rose 28% year-on-year to 34,833 units from 27,221 units. TVS Motor April sales grew 7% year-on-year to 4.73 lakh units from 4.43 lakh units. M&M total sales rose 14% year-on-year with tractor sales up 21%.
Tech Mahindra will acquire an 85% stake in Alluri Tech for CAD 28 million. Tata Power’s arm will invest approximately Rs 6,500 crore in a photovoltaic ingot and wafer manufacturing business. Voda Idea gets significant relief as DoT cuts its outstanding AGR dues by 27% to Rs 64,046 crore from Rs 87,695 crore. DMart reported EBITDA up 27% with gross margin rising 40 basis points year-on-year to 14.6%.
Indus Towers declared a Rs 14 per share dividend after a four-year gap, with steady revenue growth and strong tenancy additions. Coal India received a Letter of Award to set up a 320 MWh Battery Energy Storage System project in Odisha at an estimated project cost of Rs 400 crore. Solex Energy signed an MoU with the Gujarat government for a 5 GW solar cell manufacturing plant and a 10 GW BESS facility with a total project cost of Rs 4,000 crore. Ceigall India‘s JV secured a Rs 918 crore Jaipur Metro Phase-II construction contract. Atlanta Electricals received an order from RVPN worth Rs 190 crore. HPL Electric received orders worth Rs 242 crore for smart meter supply. Enviro Infra Engineers received an order worth Rs 113.5 crore from Sardar Sarovar Narmada Nigam.
Aurobindo Pharma‘s arm CuraTeQ Biologics received Health Canada approval for Bevqolva, a biosimilar of cancer drug Bevacizumab. Rubicon Research completed the secondary acquisition of an 85% stake in Arinna Lifesciences. Coforge completed the acquisition of Cigniti. Capillary Technologies completed the acquisition of Session M Inc and Session M Czech Republic. Dr Lal PathLabs completed the acquisition of a 100% stake in Shahbazkers Diagnostic Centre. Zydus Lifesciences‘ arm Amplitude acquired 100% stake in France-based Aptitude Orthopedie for EUR 360,000 and 100% stake in France-based FBC Medical for EUR 700,000.
Info Edge stated FY27 has opened with 6% growth, led by the insurance vertical, while banking and IT remain under pressure. Ola Electric reported 20% month-on-month growth in April, indicating demand recovery. NTPC declared commercial operations of 100 MW solar PV capacity from its 176 MW project in Telangana. Brigade Enterprises will consider a bonus issue of equity shares at its board meeting on May 6. Bombay Dyeing’s arm Bombay Realty launched a residential residential tower in Mumbai with revenue potential of Rs 6,500 crore. Indian Hume Pipe entered two joint ventures for irrigation projects in Maharashtra with a total project share value of Rs 461 crore. Ramkrishna Forgings reappointed Naresh Jalan as Managing Director for three years. HAL saw government appoint Kota Ravi as CMD with immediate effect. Balrampur Chini’s sugar season 2025-26 concluded with cane crushing rising to 104.3 lakh MT and net sugar output at 9.68 lakh MT. UFlex commissioned a PET bottles and mixed-plastics recycling unit at Noida with an annual capacity of 39,600 metric tonnes. Deepak Nitrite‘s arm Deepak Chem Tech entered into a pact with Praxair India to manufacture key raw materials for polycarbonate production in Gujarat. EFC India’s board approved a rights issue of 1.07 crore shares at Rs 150 per share aggregating Rs 160 crore, with record date May 7. Nelco’s board approved increasing borrowing limits to up to Rs 400 crore. Ravindra Energy’s associate entity Energy in Motion began commercial operations at India’s largest battery swapping and charging station for heavy vehicles.
Stocks with negative triggers
CDSL had a weak quarter with revenue down 14% QoQ and PAT declining 40% QoQ. Netweb Tech reported revenue down 4% QoQ with slight margin expansion to 12%. Alkem Laboratories faces seven US FDA observations following an inspection at its Daman manufacturing unit. MOIL cut prices by 4%. ESAF Small Finance Bank‘s PAT dropped 87% year-on-year despite improvement in asset quality and NII growth. Bharat Coking Coal‘s raw coal offtake fell 26.4% year-on-year in April. Hindustan Zinc received a SEBI warning letter for violations related to certain procedural aspects of audit approvals and disclosures, though no monetary penalty was imposed. MedPlus Health‘s arm received a drug-licence suspension order for a store in Karnataka. Jyothy Labs estimated an inventory loss of Rs 7.3 crore due to a Punjab warehouse fire, though inventory is covered under insurance. Sandur Manganese and Iron Ores saw the Karnataka High Court dismiss its plea against a Rs 131.25 crore afforestation demand. ITI’s CFO Prasad Barre resigned. ONGC announced that Vivek Chandrakant Tongaonkar ceases to be CFO upon superannuation.
Market structure cues
Nifty May futures are down 0.48% at 24,136.70 at a premium of 139.15 points. Nifty Options for the May 5 expiry show maximum Call open interest at 25,000 and maximum Put open interest at 23,000. The Indian rupee ended Friday at a record low of 94.02 against the US dollar — the worst-performing emerging market currency year-to-date, having depreciated 5.3% since January. LUX Industries and IND stocks face a price band reduction from 10% to 5%. 63 Moons Technologies has been shortlisted in the Short-Term ASM Framework.
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