Kolkata: The Indian stock market staged a dramatic recovery rally on April 8 when Sensex 30 rose to 77,562.90, up 2,946.32 points or 3.95%. On the other hand, Nifty 50 jumped to reach 23,997.35, up 873.70 points or 3.78%. The response was due to the 14-day ceasefire in the US-Iran war. Stock markets worldwide surged on Wednesday. It remains to be seen how the market behaves today. A few companies are also supposed to announce their Q4FY26 and FY26 earnings today. These include Tata Consultancy Services, Anand Rathi Wealth, GM Breweries, and Rajputana Stainless. Investors are also expected to keep in focus a few stocks today. Let’s have a look.
Stocks in focus
KEC International: The company bagged orders worth Rs 2,518 crore in the civil, transportation & distribution, and cable and conductors sectors.
Lupin: The company has got approval from the United States FDA for Dapagliflozin and Metformin Hydrochloride extended-release tablets. These will be in 5 mg/500 mg, 5 mg/1,000 mg, 10 mg/500 mg, and 10 mg/1,000 mg potency.
RITES: This company has received engineering & project management consultancy work to build a railway siding at Sankerjang in Phase-I for the Utkal-D coal mines. The value of the contract now stands at Rs 118.89 crore, up from Rs 79.73 crore. The contract has been received from National Aluminium Company (NALCO).
NHPC: The Cabinet Committee on Economic Affairs gave its nod to an investment of Rs 26,069.50 crore for the construction of the 1,720 MW Kamala Hydro Electric Project (HEP) in Arunachal Pradesh. The project has to be completed in eight years.
NTPC: The company has signed a non-binding MoU with Électricité de France (EDF) to explore cooperation in developing new nuclear power projects in India.
Redtape: This company has acquired the international sports footwear brand Sprandi for India, Nepal, Bhutan, and Sri Lanka. It plans to launch the brand in India market soon through both online and retail stores.
Bosch: The company’s board approved the acquisition of Bosch Chassis Systems India. The current promoters are Robert Bosch Investment Nederland B.V. (RBNI), Netherlands, and Robert Bosch LLC, USA. The consideration is Rs 9,068.68 crore and the entire stake will be transferred and Bosch Chassis Systems India will become a wholly owned subsidiary of Bosch.
Poonawalla Fincorp: It is going to float a QIP issue to raise funds of up to Rs 5,000 crore to fund growth strategy.
Delhivery: Nexus Ventures III and Nexus Opportunity Fund, owned by Nexus Venture Partners, sold 1.04 crore shares and 15.62 lakh shares in Delhivery for Rs 461.3 crore and Rs 69.08 crore respectively. The total sale is of 1.6% stake for Rs 530.4 crore.
Jindal Poly Films: Mace Venture bought 2.85 lakh shares for Rs 25.47 crore while M Prasad & Co bought 7.7 lakh shares for Rs 68.84 crore from Seetha Kumari and the shares exchanged hands at Rs 894 per share. The deal was valued at Rs 94.32 crore.
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