Stock Market News: Key Stocks in Focus Today

The home equity market is expected to open on a positive note today, Tuesday, April 29. Early indicators from GIFT NIFTY futures suggest that the NIFTY50 index could start around 42 points higher.
This follows a strong rally on Monday when the markets saw impressive gains. The Sensex jumped by 1,005.84 points (1.27%) to close at 80,218.37, while the Nifty rose by 289.15 points (1.20%) to finish at 24,328.50.
The market’s strong performance on Monday was largely due to the rise in shares of Reliance Industries Limited (RIL) and strong buying by foreign institutional investors (FIIs).

Important Stocks to Watch Today

Here’s a detailed look at some major companies that are likely to be in focus today:

1. TVS Motor Company

• TVS Motor reported a big 75.54% jump in net profit for the quarter ending March.
• Net profit stood at ₹852 crore, up from ₹485 crore in the same quarter last year.
• Revenue from operations grew 17% to ₹9,550 crore.

2. UltraTech Cement

• UltraTech Cement saw its net profit after tax (PAT) rise by 9.91% to ₹2,482.04 crore in Q4 FY25.
• Operating revenue increased by nearly 13% to ₹23,063.32 crore.
• The board also announced a dividend of ₹77.50 per equity share.

3. Adani Green Energy

• Adani Green Energy posted a 25.54% rise in net profit at ₹383 crore for the March quarter.
• Total income went up to ₹3,278 crore.
• Another report mentioned a 53.3% rise in net profit to ₹230 crore, with revenue growing by 21.6% to ₹3,073 crore.

4. Adani-Total Gas

• Adani-Total Gas reported a 10% fall in net profit at ₹149 crore for the March quarter.
• The company said higher gas costs led to lower profits.
• However, revenue from operations grew by 15% to ₹1,448 crore.
• Some reports suggested either an 8% drop or an 8.5% rise in net profit based on higher volumes.

5. PNB Housing Finance

• PNB Housing Finance posted a 25.3% growth in net profit to ₹550.38 crore.
• Net interest income (NII) increased 16.2% to ₹734 crore.
• Asset quality improved, with gross and net NPAs at 1.08% and 0.69% respectively.
• In some reports, net profit was cited at ₹567.1 crore, and NII at ₹735.8 crore.
• The board has declared a dividend of ₹5 per share.

6. UCO Bank

• UCO Bank saw a 24% rise in net profit to ₹665.72 crore for the March quarter.
• Total income stood around ₹8,136 crore.
• The bank is planning to issue fresh equity in FY26 to lower government shareholding to 75% to meet SEBI regulations.
• Off-budget net profit was ₹652 crore.

7. Oberoi Realty

• Oberoi Realty’s net profit fell by 45% to ₹433.17 crore in Q4 FY25.
• Last year, it was ₹788.03 crore.
• Total income dropped to ₹1,213.33 crore, down from ₹1,558.56 crore.

8. Wipro

• Wipro has signed a five-year IT transformation deal with German company Vorwerk.
• The partnership will focus on upgrading IT infrastructure using AI-based technologies.
• The deal amount has not been disclosed.

9. Tata Technologies

• Tata Technologies might see some action as TGP Rise Climate plans to sell 1.59 crore shares (around 3.9% stake) through block deals.
• The price range for the block deal is expected to be between ₹670 to ₹698.55 per share.

10. IndusInd Bank

• Arun Khurana, Whole-time Director and Deputy CEO, has resigned from IndusInd Bank citing “recent unfortunate developments”.
• He was handling the bank’s Treasury operations.

11. Gensol Engineering

• The Directorate of Enforcement (ED) carried out search and seizure operations at Gensol Engineering under FEMA (Foreign Exchange Management Act).
• Financial documents and electronic gadgets were seized.
• The company said the financial impact of the investigation cannot be determined yet.

12. Sonata Software

• Sonata Software signed a $73 million (around ₹620 crore), five-year digital transformation deal with a US-based technology, media, and telecom (TMT) company.
• The focus will be on AI-driven digital modernization.

13. REC Ltd

• REC Ltd raised ₹5,000 crore through bonds.
• It issued ₹3,000 crore in five-year bonds at a 6.87% interest rate and ₹2,000 crore in 10-year bonds at a 6.86% rate.
• The bond issue received strong investor interest.

14. CSB Bank

• CSB Bank reported a 26% increase in net profit for Q4 FY25, reaching ₹190 crore.
• Total income rose to ₹1,362 crore.
• However, gross NPAs slightly increased to 1.57%.

15. Central Bank of India

• Central Bank of India posted a 28% rise in net profit at ₹1,034 crore for the March quarter.
• This improvement was mainly due to a fall in bad loans.
• Total income rose to ₹10,433 crore, although NII fell to ₹3,399 crore.

Conclusion

The Indian stock market is starting Tuesday with strong momentum after Monday’s rally. Several key companies have reported impressive quarterly results, while some others are facing challenges. Overall, the market mood remains positive, supported by global cues and domestic buying interest.