Today’s market buzz is electrifying, with significant earnings reports and crucial announcements shaping investor sentiment. If you’re curious about which stocks are making waves, we’ve compiled a list of companies that deserve your attention due to pivotal updates.
Market Overview
On April 29, the Indian stock market experienced a subdued close after a day filled with fluctuations. The Sensex climbed slightly by 70 points, ending at 80,288, while the Nifty remained nearly unchanged, gaining just 7 points to finish at 24,336.
Key Stocks to Monitor on April 30, 2025
SBI’s Funding Strategy
State Bank of India (SBI) is preparing for a significant funding initiative. This Saturday, the bank’s board will convene to discuss various options for raising equity in the upcoming 2025-26 financial year. Potential routes include a follow-on public offer (FPO), a rights issue, or a qualified institutional placement (QIP). This proactive approach indicates SBI’s commitment to strengthening its financial foundation for sustained growth.
IndusInd Bank Leadership Change
IndusInd Bank is in the spotlight following the resignation of MD & CEO Sumant Kathpalia, who stepped down to take "moral responsibility" amidst controversies surrounding derivatives transactions. The bank officially announced his departure at the close of business today.
Infosys Embraces AI Innovation
Infosys is making strides in the artificial intelligence sector with the launch of Infosys Topaz for SAP S/4HANA Cloud. This innovative AI-driven suite is designed to enhance enterprise cloud transformations, showcasing Infosys’s dedication to leveraging technology for business growth.
Bajaj Finance Sees Profit Growth
Bajaj Finance reported a robust net profit of Rs 4,545.6 crore for the March quarter, marking a 19% increase year-over-year. However, its net interest income (NII) fell slightly short of market expectations. Despite this, the core lending operations remain resilient.
Bajaj Finserv’s Financial Success
Bajaj Finserv, the financial services arm of the Bajaj Group, experienced a 14% year-over-year increase in net profit, reaching Rs 2,417 crore. The company’s revenue also soared to Rs 35,596 crore, reflecting strong performance across its financial sectors.
BPCL Exceeds Profit Expectations
State-run oil giant BPCL reported a net profit of Rs 3,214 crore, surpassing analysts’ projections of Rs 2,700 crore. The company showcased impressive operational figures, with an EBITDA of Rs 7,765 crore and margins exceeding expectations at 7%—thanks in part to improved refining margins.
Vishal Mega Mart’s Impressive Growth
Vishal Mega Mart, a leader in budget retail in India, enjoyed a remarkable quarter, with net profits soaring by 88% year-over-year to Rs 115 crore. Revenue increased by 23%, and EBITDA surged over 42%, highlighting the spending power of Tier-2 and Tier-3 shoppers.
Praj Industries Faces Challenges
Praj Industries faced a tough quarter, reporting a 56.7% decline in net profit to Rs 39.8 crore. Various factors, including execution delays and cost pressures, contributed to a 15.6% drop in revenue, reflecting the challenges the company is navigating.
Prestige Estates Expands into NCR
Prestige Estates Projects is making a strategic move into the National Capital Region (NCR). The real estate developer has secured RERA approval for its new residential project, The Prestige City – Indirapuram, which boasts a substantial gross development value exceeding Rs 9,000 crore.
Alembic Pharma’s FDA Approval
Alembic Pharmaceuticals recently received a favorable Establishment Inspection Report (EIR) from the US FDA for its oncology formulation facility (F-2) located in Panelav. Following an inspection in October 2024, this approval underscores the company’s commitment to maintaining high-quality manufacturing standards.
As the market continues to evolve, keeping an eye on these companies could provide valuable insights into upcoming opportunities and trends.
