Top 10 Stocks to Watch Today: IndusInd Bank, Gensol Engineering & More!

The Indian stock market experienced an exhilarating surge yesterday, with major indices showcasing impressive gains. Amidst a flurry of earnings reports and significant updates, navigating the landscape of stocks can be challenging. To simplify your investment strategy, we’ve highlighted a selection of stocks that are particularly noteworthy today due to recent developments.

Market Highlights

On April 28, Indian equity indices closed on an upbeat note. The Sensex surged by 1,005.84 points, a rise of 1.27%, finishing at 80,218.37. Meanwhile, the Nifty also saw a positive trajectory, gaining 289.15 points or 1.20%, to settle at 24,328.50.

Key Stocks to Watch on April 29, 2025

IndusInd Bank

In a surprising move, Arun Khurana, the Deputy CEO and whole-time director of IndusInd Bank, resigned effective immediately. His resignation letter alluded to “recent unfortunate developments,” leaving many to speculate about the circumstances surrounding his exit. Khurana had played a pivotal role in overseeing the bank’s Treasury operations, making his departure particularly significant.

Aurobindo Pharma

Aurobindo Pharma, a major player in the pharmaceutical sector, reported a fire incident at its penicillin-G manufacturing unit in Andhra Pradesh. Thankfully, no injuries were reported, and the main infrastructure remained intact. The fire was localized to ancillary equipment near the coal crusher area, but there may be minor production disruptions.

Gensol Engineering

The Enforcement Directorate (ED) conducted searches at the offices of Gensol Engineering, a company specializing in solar and electric vehicle sectors. Operating under the Foreign Exchange Management Act (FEMA), officials seized important financial documents and electronic devices during their investigation.

Adani Total Gas

Adani Total Gas concluded its fourth quarter on a positive note, reporting an 8.5% increase in net profit, primarily attributed to higher volumes within its city gas distribution network. The company also saw slight increases in revenue and operating profit, even though margins have narrowed compared to the last quarter.

Oberoi Realty

In a disappointing turn, Oberoi Realty reported a significant 45% drop in its net profit for the January-March quarter of FY25, falling to ₹433.2 crore from ₹788 crore year-on-year. Revenue also suffered, declining by more than 12%.

PNB Housing Finance

PNB Housing Finance showcased a robust quarter, with net profit soaring nearly 28% year-on-year to ₹567 crore. This growth was fueled by a 20% increase in net interest income. Additionally, the company’s loan assets surpassed ₹75,000 crore, with assets under management (AUM) exceeding ₹80,000 crore by the end of March 2025.

UCO Bank

UCO Bank celebrated strong results in the fourth quarter, achieving a 14% growth in total business and a nearly 18% surge in gross advances. The bank’s net profit rose by 24% to ₹652 crore, indicating a successful balance between growth and profitability.

Wipro

Wipro made headlines by securing a five-year contract to manage and modernize the IT systems for Vorwerk, a European company. With its AI-driven infrastructure solutions, Wipro is set to transform Vorwerk’s technological framework, underscoring the crucial role of Indian IT firms in global digital transformations.

Tata Technologies

As reported by CNBC TV18, TGP Rise Climate is considering offloading approximately 3.9% of its stake in Tata Technologies, translating to around 1.59 crore shares in a block deal.

Kirloskar Electric

Kirloskar Electric Company has made a significant leadership change by appointing Meena Kirloskar as its new Vice Chairperson. Previously a non-executive and non-independent director, this elevation reflects the company’s strategy to strengthen its leadership as it prepares for future challenges.

Earnings Reports to Watch Today

April 29 is poised to be a crucial day for investors, with numerous prominent companies set to release their quarterly earnings. Key players to watch include: