BHEL, Adani Ports, Vi among buzzing stocks as SENSEX jumps over 350 pts, NIFTY gains 0.5%

The Indian benchmark indices, SENSEX and NIFTY50, continued trading in the green during the afternoon session on Monday, May 4, bolstered by positive global cues as international crude oil prices declined.

Furthermore, market participants are closely tracking assembly election results in West Bengal, Assam, Tamil Nadu, Kerala, and Puducherry.

On Thursday, the foreign institutional investors (FIIs) sold stocks worth ₹8,047.86 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹3,487.10 crore on a net basis, according to exchange data.

The SENSEX rallied as much as 1.3% to an intraday high of 77,910.75, while the NIFTY50 touched the session’s peak of 24,290.20.

In the afternoon, while the indices were trading in the positive territory, they were off their day’s high. At 12:53 PM, the S&P BSE SENSEX gained by 370.27 points, or 0.48%, to trade at 77,283.77. NSE’s NIFTY50 stood at 24,111.85, reflecting a 115.05 points, or 0.48% jump.

Buzzing stocks on May 4: Check list

Shares of auto companies were in the spotlight as they reported their April business updates. The NIFTY Auto index was trading 0.7% higher.

Shares of Maruti Suzuki rose as much as 4.97% to ₹13,976 per unit on the NSE on Monday as it reported a record total sales of 2,39,646 units in April. This reflects a 33.29% year-on-year (YoY) growth from 1,79,791 units in the same month last year.

Hyundai Motor India Ltd on Friday posted a 17% year-on-year growth in domestic sales at 51,902 units in April 2026. Domestic sales in April were the highest ever for the month since inception, Hyundai Motor India Ltd (HMIL) said in a statement.

Mahindra & Mahindra Ltd recorded a 14% year-on-year growth in total vehicle sales at 94,627 units in April 2026.

TVS Motor Company reported a 7% growth in total sales at 4,73,970 units in April 2026 as against 4,43,716 units in the same month last year.

Shares of Avenue Supermarts, which owns and operates the retail chain D-Mart, fell over 4% on the National Stock Exchange (NSE) on Monday, May 4, despite reporting a 19.17% year-on-year (YoY) rise in its consolidated net profit at ₹656.42 crore in the March quarter of FY26.

The company had posted a net profit of ₹550.79 crore in the January-March quarter a year ago, according to a regulatory filing from Avenue Supermarts.

Revenue from operations increased 18.9% to ₹17,683.86 crore during the quarter under review. It was at ₹14,871.86 crore in the corresponding quarter last fiscal.

The stock of Kotak Mahindra Bank declined 5.3% to touch an intraday low of ₹363 apiece on Monday, May 4, as the private sector lender’s earnings failed to impress the market investors.

The country's fourth-largest private-sector lender by market capitalisation earned a net profit of ₹4,027 crore in the January-March quarter, marking an increase of 13% from ₹3,552 crore in the same period last year. The uptick in profit came on the back of sharply lower provisions for bad loans and an improvement in asset quality.

In a note on Monday, Nomura said the bank reported strong net interest margin delivery in Q4FY26, though it maintained a cautious outlook. It highlighted a sharp improvement in asset quality and raised its FY27–FY28 earnings estimates by around 2%, driven by lower credit costs and operating expenses. It expects return on assets and return on equity to improve to 2% and 12%, respectively, by FY28, supported by an estimated earnings CAGR of 18% over FY27–FY28.

Zen Technologies shares tumbled over 11% on the NSE on Monday, after the company announced its Q4FY26 results. The company posted subdued earnings growth for the quarter and the financial year FY26.

On the bottom line front, the company’s net profit for the quarter dropped 69% YoY to ₹31.5 crore as compared to ₹101 crore.

During the Q4FY26 results, the company’s revenue for the quarter dropped to ₹178 crore as compared to ₹324 crore in the same quarter last year.

Vodafone Idea (Vi) stock jumped over 6% on the NSE on May 4, as, in major relief, the government has slashed the adjusted gross revenue (AGR) liability of the company by about 27% to ₹64,046 crore after reassessing statutory dues and has allowed a five-year moratorium on these payments.

The Department of Telecom (DoT) had formed a committee to reassess the adjusted gross revenue (AGR), which was fixed at ₹87,695 crore as of December 31, 2025. The final amount, however, was subject to reassessment by the DoT and final approval by the committee.

Vodafone Idea, in an exchange filing on Thursday, said: "The DoT ... has informed that the Committee formed for the purpose has finalised the AGR dues at ₹64,046 crore as of December 31, 2025."

Shares of Dr. Lal Path Labs soared 20% to hit an intraday high of ₹1,640.60 per unit on the NSE on Monday, after the company completed the 100% acquisition in Shahbazkers Diagnostic Centre Private Limited (SDCPL) on May 1, as per the terms and conditions of the Share Purchase Agreement.

Pursuant to the completion of said acquisition, SDCPL has now become a wholly owned subsidiary of the company, it said in a regulatory filing.

The stock of Bharat Heavy Electricals Ltd (BHEL) rallied nearly 12% to hit a 52-week high of ₹399 per equity share, as its consolidated net profit skyrocketed 156% to ₹1,290 crore for the January-to-March quarter of financial year 2025-26 as compared to ₹504 crore in the same period of the previous fiscal year.

The firm’s revenue from operations surged 37% year-on-year (YoY) to ₹12,310 crore in Q4 FY26, in contrast to ₹8,993 crore in the corresponding quarter of the previous financial year.

The company’s board has also recommended a final dividend of ₹1.40 per share of ₹2 each (i.e., @ 70% on the paid-up share capital of the company) for FY26.

Shares of Adani Ports & SEZ hit a fresh 52-week high of ₹1,748.60 apiece on Monday, May 4, after the company announced its monthly business updates earlier during the day.

Adani Ports and Special Economic Zone (APSEZ) has handled a cargo volume of 43.1 MMT (+15% Year-on-Year (YoY)) in April 2026.

The growth was led by container(+17% YoY) and dry cargo (+17% YoY). Logistics rail volume during April 2026 stood at 48,490 TEUs (-16% YoY).

The stock of IdeaForge Technology gained as much as 20%, as investors traded based on the defence tech company’s healthy Q4 results in the March quarter for the financial year ended 2025-26.

IdeaForge Technology turned around its financials, posting a net profit in the March quarter, largely due to the surge in the company’s revenue from core operations in the period, according to the exchange filing.

In the consolidated financial statements, IdeaForge recorded over 594% surge in its revenue from core operations to ₹141.04 crore in the fourth quarter of the year ended 2025-26, compared to ₹20.31 crore in the same period a year ago.