HDB Financial Services, Wipro among buzzing stocks as NIFTY, SENSEX pare early gains in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, pared early gains to trade in the negative territory during the afternoon session on Thursday, April 16, amid selling in bank and oil & gas stocks.

The SENSEX slumped as much as 0.5% to an intraday low of 77,743.50, while the NIFTY50 fell as much as 0.4% to touch the session’s low of 24,131.80.

At 12:46 PM, the S&P BSE SENSEX was trading lower by 286.06 points, or 0.37%, at 77,825.18. NSE’s NIFTY50 stood at 24,134.45, reflecting a 96.85 points, or 0.40% decline.

On Wednesday, the foreign institutional investors (FIIs) purchased stocks worth ₹666.15 crore, while the domestic institutional investors (DIIs) sold equities worth ₹568.98 crore on a net basis, according to exchange data.

Buzzing stocks on April 16: Check list

Shares of Wipro had surged as much as 1.53% to hit an intraday high of ₹212.98 apiece in early trade, before falling to the red on the National Stock Exchange (NSE) on Thursday, April 16.

It is in focus as the leading IT services firm is slated to release its March quarter (Q4 FY26) earnings today.

Along with the earnings, market participants will also keenly watch for a potential buyback announcement, which the company had earlier said its board would consider at the meeting today.

The stock of HDB Financial Services skyrocketed as much as 12.36% to hit the session’s peak of ₹723.95 per equity share on Thursday, April 16, after the company released its latest quarterly earnings for the period ended March 2026.

HDB Financial Services posted a 41.4% increase in its post-tax profit to ₹751 crore in the March quarter of the financial year 2025-26, compared to ₹531 crore for the fourth quarter of the fiscal year 2025.

Its net interest income (NII) surged 21.6% YoY to ₹2,399 crore for the reporting quarter, as against ₹1,973 crore for the quarter ended March 31, 2025.

Investment banking company Jefferies saw further potential in the stock as profit beat estimates due to lower provisions. Assets under management eased to 11%, but disbursement growth picked up, it noted. The New York-headquartered firm also noted that HDB Financial's management has flagged no major impact of the West Asia conflict on growth or collections yet.

Investment banker Morgan Stanley has maintained an 'equal weight' rating, while Japanese financial services group Nomura has given a neutral stance.

Tejas Networks shares declined as much as 6.08% to touch an intraday low of ₹422.50 per unit on the NSE, as it reported a consolidated net loss of ₹211.34 crore in the March quarter of FY26.

The company had reported a net loss of ₹71.80 crore in the same period of the previous fiscal year.

Its revenue from operations fell 82.55%YoY to ₹332.69 crore during the quarter under review, compared to ₹1,906.94 crore in the year-ago period.

SAMHI Hotels' stock advanced as much as 4.83% to hit the day’s high of ₹168.80 per equity share, after its subsidiary SAMHI Skyline has entered into an agreement for leasing a 162-room hotel within Ingka Centres India's upcoming 2.5 million square feet mixed-use development in Noida.

The project will be executed under SAMHI's long-term variable lease model, ensuring strong alignment of interests while maintaining a capital-light approach, SAMHI Hotels stated.

The hotel will be managed under an international hotel brand to be determined in due course, it added.

The shares of ICICI Lombard General Insurance Company (GIC) gained as much as 2.73% to reach an intraday high of ₹1,908.90 apiece, as it reported a 7.25% YoY increase in its profit after tax (PAT) to ₹546.56 crore for Q4 FY26.

In the corresponding period of the previous fiscal year, it logged a profit of ₹509.59 crore, it reported in a regulatory filing dated Wednesday, April 15.

The general insurance arm of ICICI Bank also recorded a 10.28% YoY growth in its net premium earned at ₹5,790.53 crore for the March quarter of FY26, compared to ₹5,225.58 crore in the same period of FY25.

ICICI Lombard GIC's board of directors also recommended a final dividend of ₹7 per equity share, at the rate of 70%, with a face value of ₹10 each for the financial year ended March 31, 2026, subject to approval of the Members of the Company at the ensuing Annual General Meeting (AGM).

Adani Enterprises stock jumped as much as as 2.17% to hit the session’s peak of ₹2,190.90 per equity share on the NSE.

The company was in focus after global investment firm Jefferies, in a note, said that its copper and road business will see a ramp-up during the current financial year. The investment firm added that the renewable energy segment is emerging as a key growth driver amid strong energy-security tailwinds. The group’s planned solar capacity expansion at Mundra is expected to boost earnings, with a meaningful EBITDA uplift likely from the current financial year as projects stabilise and scale.

Jefferies said that Adani Enterprises is witnessing near-term pressure due to softer non-terminal (NT) traffic, which is delaying the ramp-up of the Navi Mumbai International Airport (NMIAL). The slower passenger momentum is expected to weigh on the pace of scale-up at one of the group’s most critical infrastructure assets.

However, the impact is being partially offset by steady growth in non-aeronautical revenues, including retail, concessions and real estate (RE) monetisation linked to airport ecosystems, Jefferies noted.

Shares of RailTel Corporation of India soared as much as 5.1% to hit an intraday high of ₹353.90 apiece on NSE on Thursday, April 16, as it received an IT monitoring order for ₹100 crore. However, the stock was off its day’s high and was trading at ₹338.75 per share, up by 0.60% at the time of writing.

In a regulatory filing late in the evening on April 15, the Navratna PSU stated that it received a Letter of Intent (LoI) from the Divisional Commissioner, Konkan Division, for ₹100 crore (excluding tax).

Under the contract, the company will select a system integrator to develop and maintain an integrated IT solution for monitoring minor minerals for a period of five years.