A lot is happening in the market today from big earnings to major announcements. If you’re wondering which stocks to keep an eye on, we have made it simple. Here are a few companies in the spotlight today because of important updates.
Market recap
Indian stock markets had a quiet finish on April 29 after a choppy trading session. The Sensex inched up by 70 points to settle at 80,288, while the Nifty closed almost unchanged, adding just 7 points to end at 24,336.
Stocks to watch on April 30, 2025
SBI
SBI is gearing up for a big funding move. The bank’s board will huddle this Saturday to explore ways to raise equity in the 2025-26 financial year. From a follow-on public offer (FPO) to a rights issue or even a qualified institutional placement (QIP), all fundraising options are on the table. According to a regulatory filing, this strategic capital-raising plan signals the banking giant’s intent to bolster its financial muscle for future growth.
IndusInd Bank
IndusInd Bank MD & CEO Sumant Kathpalia resigned, taking “moral responsibility” amid controversy over derivatives transactions. The bank confirmed his exit at the end of business hours today.
Infosys
Infosys is stepping up its game in the AI world. The tech major just launched Infosys Topaz for SAP S/4HANA Cloud, a powerful AI-first suite designed to supercharge enterprise cloud journeys.
Bajaj Finance
Bajaj Finance posted a net profit of Rs 4,545.6 crore in the March quarter, up 19% from a year ago. But its net interest income (NII) was a tad below the Street’s expectations. Still, the company’s core lending business looks strong.
Bajaj Finserv
The holding company of the Bajaj Group’s financial arms, Bajaj Finserv, saw a 14% YoY rise in net profit to Rs 2,417 crore. The revenue of the company was up to Rs 35,596 crore.
BPCL
State-owned oil giant BPCL posted a net profit of Rs 3,214 crore, smashing the estimate of Rs 2,700 crore. Strong operational numbers with EBITDA at Rs 7,765 crore and better than expected margins at 7%. Refining margins clearly got a fuel boost.
Vishal Mega Mart
India’s budget retail king Vishal Mega Mart had a mega quarter. Net profit jumped 88% YoY to Rs 115 crore, with revenue rising 23% and EBITDA soaring over 42%. Looks like Tier-2 and Tier-3 shoppers are spending big and Vishal’s cash registers are ringing loud.
Praj Industries
Praj Industries reported a 56.7% fall in net profit to Rs 39.8 crore. Execution delays, cost pressures, and weaker demand played spoiler. Revenue also dipped 15.6%.
Prestige Estates
Prestige Estates Projects is making an entrance into the National Capital Region. The real estate firm has received RERA approval for its new residential development – The Prestige City – Indirapuram. The project comes with a massive gross development value of over Rs 9,000 crore.
Alembic Pharma
Alembic Pharmaceuticals got a green light from the US FDA for one of its key manufacturing units. The company received an Establishment Inspection Report (EIR) for its oncology formulation facility (F-2) in Panelav. The inspection was held in October 2024 and included checks on injectable and oral solid drug manufacturing.
