Markets witnessed a volatile yet relatively stable session on Wednesday following the sharp sell-off seen over the previous four trading sessions. Technically, the Nifty rebounded after hitting an intraday low of 23,262 and has nearly filled the gap around the 23,150 level. Overall, analysts say the index is likely to face selling pressure on rebounds towards the 23,600-23,700 zone, and participants should align their positions accordingly.
In today's trade, shares of HAL, TMPV, Bharti Airtel, Anant Raj, Zydus Life, Tata Motors among others will be in focus due to various news developments and other quarterly results.
HAL, JSW Steel, IRFC, TMPV, USL, Vishal Mega Mart, HUDCO
Shares of HAL, JSW Steel, IRFC, TMPV, USL, Vishal Mega Mart and HUDCO will be in focus as the companies will announce their fourth quarter results.
Tata Motors
Tata Motors (Commercial Vehicle) reported a standalone net profit of Rs 2,406 crore in the March-ended quarter versus Rs 1,419 crore in the year ago period, implying a 70% jump. The company posted a revenue growth of 22% to Rs 24,452 crore in Q4FY26 was versus Rs 19,999 crore posted by the company in the corresponding quarter of the previous financial year.
Bharti Airtel
Bharti Airtel on Wednesday reported a consolidated net profit of Rs 7,325 crore in the fourth quarter, which was down 35% year-on-year (YoY) from Rs 11,022 crore in the last year quarter. The company posted quarterly revenues of Rs 55,383 crore, showing a growth of 16% year-on-year (YoY).
Kaynes Technology
Kaynes Technology reported strong fourth-quarter earnings, driven by sharp growth in revenue and continued momentum in electronics manufacturing services demand. The Mysuru-based electronics system design and manufacturing company posted consolidated net profit of Rs 91 crore for Q4, compared with Rs 116 crore in the corresponding quarter last year, registering a decline of 22%.
Zydus Lifesciences
Ahmedabad-based drug maker Zydus Lifesciences is close to acquiring a US-based drugmaker which has presence in a broad portfolio of oncology drugs. The deal is likely to be in the range of $100 to $150 million. Through the acquisition, Zydus is expected to build its own distribution network of anti-cancer drugs, a growing area of interest in the US.
Anant Raj
Anant Raj has constituted a committee to evaluate potential demerger for data center business and has appointed Anish Sarin, Grandson of Ashok Sarin as Director. The company reported significant growth in profitability and strengthened its balance sheet during the year, supported by improved cash flows and healthy investor confidence following the successful QIP raise of approximately Rs 1,100 crore.
Maruti Suzuki
The country's largest carmaker Maruti Suzuki on Wednesday said it has committed Rs 1,372 crore towards dedicated green logistics infrastructure, as it aims to increase share of rail-based vehicle dispatches to 35% by 2030-31.
