BHEL, Jio Financial Services, IEX, among buzzing stocks as SENSEX rises 200 pts, SENSEX above 24,400

The Indian benchmark indices, SENSEX and NIFTY50, surged during the afternoon session on Monday, April 20, amid buying in PSU Bank and energy stocks.

The SENSEX jumped as much as 0.57% to an intra-day high of 78,942.45. Meanwhile, the NIFTY50 touched the session’s peak of 24,475.25.

However, at 1:17 PM, the indices were off their day’s highs, with the S&P BSE SENSEX advancing by 205.75 points, or 0.26%, to 78,699.29. NSE’s NIFTY50 was trading at 24,421.75, reflecting a 68.20 points, or 0.28% increase.

On Friday, the foreign institutional investors (FIIs) purchased stocks worth ₹683.20 crore, while the domestic institutional investors (DIIs) sold equities worth ₹4,721.48 crore on a net basis, according to exchange data.

Buzzing stocks on April 20: Check list

Shares of Bharat Heavy Electricals (BHEL) rallied as much as 5.37% to hit a 52-week high of ₹333.79 per unit on the National Stock Exchange (NSE) on Monday, April 20, after it reported its business update for the 2025-26 financial year (FY26). Furthermore, it also filed a recovery suit against Raichur Power Corporation.

In a regulatory filing late evening on April 17, BHEL stated that it has registered strong revenue growth in FY26. Its turnover for the reporting fiscal year stood at ₹32,500 crore (provisional), marking a 18% year-on-year (YoY) growth.

The Maharashtra firm recorded total order inflows of ₹75,000 crore during the financial year, taking BHEL’s total outstanding order book to stand at ₹2.44 lakh crore at the end of FY26.

In a separate regulatory filing on Friday, BHEL said it has filed a suit before the Bengaluru Commercial Court seeking recovery of amounts from Raichur Power Corporation Ltd.

The firm filed a suit seeking recovery of an amount worth ₹143.21 crore under contract for supply and services for 2 X 800 MW units and other associated works for Yeramaras Thermal Power Station from Raichur Power Corporation Ltd.

The stock of Jio Financial Services declined as much as 4% to touch an intraday low of ₹234.50 apiece on Monday, as the company reported a 13.88% decline in consolidated profit at ₹272.22 crore for the quarter ended March of 2025-26 due to higher expenditures. In the corresponding period of the previous fiscal year, its profit was ₹316.11 crore.

Its total income nearly doubled to ₹1,020 crore during the quarter under review, compared to ₹518 crore in the March quarter of FY25.

The company, in a statement, said, "Geopolitics-led volatility impacted treasury income on a higher capital base.”

The board of Jio Financial Services also recommended a dividend of ₹0.60 per equity share with a face value of ₹10 each for the financial year ended March 31, 2026.

ICICI Bank shares advanced as much as 2.2% to hit their intraday high of ₹1,376.40 apiece on the NSE on April 20, after reporting an 8% year-on-year (YoY) rise in the March quarter net profits and improving asset quality over the weekend. The bank’s net profits were at ₹12,629 crore in the fourth quarter of the previous fiscal year.

Its net interest income (NII) rose by 1.99% YoY to ₹43,275 crore, compared to ₹42,430 crore in the same quarter of the previous fiscal year, according to the standalone financial statement.

While power exchanges will continue to collect bids, they will not determine the prices post-coupling, as per the draft release. The NSE has sought clarification from IEX regarding the report, and the company’s response is awaited.

Sterling and Wilson Renewable Energy shares jumped as much as 16% to touch an intraday high of ₹224.99 per equity share on Monday, April 20, as the renewable EPC firm secured an order worth ₹3,550 crore.

In a regulatory filing, the company said it has been declared the L1 bidder in a tender for Coal India for a turnkey EPC package for the development of an 875 MW (AC) grid-connected solar PV project in Bikaner, Rajasthan.

It has also received an order for a 50 MW AC project in Maharashtra from a private Indian IPP.

The stock of NTPC rose as much as 1.8% to touch the session’s peak of ₹400.85 apiece, after its subsidiary NTPC Green declared commercial operation of the capacity of 87.50 MW solar out of the total installed capacity of 150 MW Solar Project located in Rajasthan, with effect from April 19, 2026.

With this, the total installed capacity of the NTPC group stands at 89,615 MW and commercial capacity at 88,535 MW.

Shares of H.G. Infra Engineering advanced as much as 3.28% to hit an intraday high of ₹641.45 per unit on the NSE on Monday, April 20, after it incorporated a wholly owned subsidiary company, H.G. Gobindpur Tangi Highway Private Limited, a special purpose vehicle (SPV) on April 4, 2026, to undertake a project awarded by the National Highways Authority of India (NHAI).

In a regulatory filing on April 19, the company stated that the SPV was incorporated for the construction of the six-lane access controlled Capital Region Ring Road Package-III from Gobindpur to Tangi in the State of Odisha under NH(O) on Hybrid Annuity Mode for ₹1,582.11 crore.