Coal India, Eternal, Trent among buzzing stocks as SENSEX, NIFTY trade near day’s low

Benchmark indices, SENSEX and NIFTY50, faced downside pressure during the afternoon session on Tuesday, April 28, weighed down by selling in PSU Bank shares. The markets had opened flat amid a subdued trend in other Asian markets, as Brent crude hovered around the $110 per barrel (bbl) mark.

The SENSEX declined as much as 0.55% to touch an intraday low of 76,876.86. Meanwhile, the NIFTY50 tanked 0.42% to reach the session’s low of 23,992.30.

At 12:46 PM, the S&P BSE SENSEX fell by 274.93 points, or 0.36%, to 77,028.70, while NSE’s NIFTY50 was trading at 24,035.80, reflecting a 56.90 points, or 0.24% drop.

On Monday, foreign institutional investors (FIIs) sold stocks worth ₹1,151.48 crore, while domestic institutional investors (DIIs) purchased shares worth ₹4,123.92 crore on a net basis, according to exchange data.

Buzzing stocks on April 28: Check list

Banking stocks, especially state-run banks such as State Bank of India, Bank of Baroda, Canara Bank, and others, were trading in the red on Tuesday, April 28, following the latest updates on expected credit loss (ECL) norms.

On Monday, the Reserve Bank of India (RBI) declined pleas for more time to transition to the expected credit loss (ECL)-based provisioning, making it clear that the newer system will be implemented from April 1 next year.

In the 'Directions on Asset Classification, Provisioning, and Income Recognition for Commercial Banks', the RBI said banks had given feedback seeking more time for the transition as they needed to build databases and models and upgrade systems.

Declining to accept the feedback on the draft first issued on October 7, 2025, the RBI said, "Banks have been provided a one-year timeline to prepare their internal systems for implementation of the new framework."

Coal India shares surged more than 4% during the early market session on the National Stock Exchange (NSE), after the company announced better-than-expected fourth-quarter earnings for the financial year ended 2025-26. Analysts predict that there are cost pressures ahead in the upcoming period.

The company posted an 11.15% year-on-year (YoY) surge in its consolidated net profit to ₹10,839.18 crore. In the corresponding period of the previous fiscal year, it had logged a profit of ₹9,751.64 crore, according to a regulatory filing.

Analysts from Morgan Stanley said that Coal India’s EBITDA beat their estimates of a 6% growth in the fourth quarter, rising 12% YoY in the period.

The experts also said that even though the fuel supply agreement (FSA) volumes were down 4% YoY in the fourth quarter, the numbers surpassed estimates. The overall earnings for the quarter have surpassed analysts' expectations on the backdrop of increased inventory.

Shares of Eternal fell as much as 3.91% to hit an intraday low of ₹245.49 apiece on the NSE on Tuesday, April 28, ahead of its earnings announcement.

Experts believe that Eternal could report substantial growth in revenue and net profit during the March quarter, aided by a steady rise in its core food delivery business and the rapid growth of its Blinkit business.

The company’s revenue could be in the range of ₹17,650 to ₹17,950 crore during the fourth quarter, up 202% to 208% YoY, driven by higher sales in the Blinkit business. On a sequential basis, Eternal revenue could jump by 8% to 10%. The company registered revenues of ₹5,833 crore in Q4FY25 and ₹16,315 crore in the previous quarter.

The stock of Piramal Finance advanced as much as 12.48% to hit a 52-week high of ₹2,073.20 per equity share on the NSE on Tuesday, April 28, after reporting its earnings for Q4 FY26.

Its net profit jumped 390% YoY to ₹502 crore during the quarter under review, compared to ₹102 crore in the March FY25 quarter.

Its net interest income (NII) stood at ₹1,362 crore, up 41% YoY, according to a regulatory filing.

Transworld Shipping Lines shares dropped 4% to touch an intraday low of ₹168.36 per unit on the NSE, after the company signed a memorandum of agreement (MOA) for the sale of one vessel to Avana Logistek Ltd, according to an exchange filing.

In the NSE filing, the company disclosed that it was selling its container vessel named ‘M.V. SSL Gujarat’ to Avana Logistek for a sum of $3.5 million, and the directors for the deal will be appointed one day before the delivery of the asset.

“We wish to inform you that the Company has signed a Memorandum of Agreement (MOA) on 27th April 2026 for sale of one vessel, M.V. SSL Gujarat to Avana Logistek Limited,” the company informed the stock exchanges.

The stock of Nippon Life India Asset Management advanced as much as 7.6% to hit a 52-week high of ₹1,065 per equity share on Tuesday, April 28, following the release of the latest March quarter results.

Nippon Life India AMC reported a 28.84% year-on-year (YoY) surge in its consolidated net profit to ₹384.72 crore in the fourth quarter of the 2025-26 financial year (Q4 FY26), compared to ₹298.60 crore in the same period of the previous fiscal year.

For FY26, Nippon Life AMC’s net profit stood at ₹1,529.4 crore, reflecting a 19% YoY increase from ₹1,286.4 crore for the previous fiscal year.

Its revenue from operations jumped 30% YoY to ₹738.7 crore for the reporting quarter, as against ₹566.5 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

Shares of Trent declined on Tuesday, April 28, despite the company sharing the record dates for the earlier announced corporate actions – bonus issue and dividend. The company has also announced the dividend payment date.

The company has set Friday, May 29, as the record date for issuance of bonus shares in the proportion of 1:2 (one equity share as a bonus share for every two existing fully paid-up shares held by the members of the company).

For the payment of a ₹6 per share dividend, the record date is June 10.