Infosys, RIL, Waaree Energies, Cyient among buzzing stocks as NIFTY, SENSEX tank over 1%

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the red during the afternoon session on Friday, April 24, amid weak global cues and a fall in IT stocks. The NIFTY IT index nosedived by 5%.

The SENSEX plunged as much as 1.33% to an intraday low of 76,607.38. Meanwhile, the NIFTY50 tanked as much as 1.22% to touch the session’s low of 23,878.80.

At 12:46 PM, the S&P BSE SENSEX declined by 1,037.42 points, or 1.34%, to 76,626.58, while NSE’s NIFTY50 was trading at 23,891.65, marking a 281.40 points, or 1.16% drop.

Shares of Infosys, which fell 6%, contributed to the decline in the NIFTY50 index. It was followed by Tech Mahindra (-4.82%), TCS (-4.71%), HCLTech (-3.85%), and Sun Pharma (-3.32%), which were among the top losers.

On the contrary, the top gainers included Coal India (1.14%), Grasim Industries (0.59%), Nestle India (0.45%), Bajaj Auto (0.45%) and Dr. Reddy's Laboratories (0.35%).

Buzzing stocks on April 24: Check list

Shares of Reliance Industries (RIL) fell as much as 1% to touch an intraday low of ₹1,329.10 apiece on the National Stock Exchange (NSE) on Friday, April 24, ahead of its Q4 result announcement.

According to media reports, RIL is expected to report mixed performance in Q4 FY26, with steady revenue growth but pressure on margins and profitability.

Analysts estimate revenue to rise around 8–10% year-on-year (YoY), while EBITDA is likely to remain in the ₹45,000–50,000 crore range. Net profit is seen as largely flat, as weakness in the core oil-to-chemicals (O2C) business offsets gains from consumer-facing segments.

Segment-wise, the O2C and oil & gas businesses are likely to remain under pressure due to softer margins and global uncertainties, making them the key drag on overall performance.

The stock of Adani Energy Solutions dropped as much as 5.79% to touch the session’s low of ₹1,282.40 per unit on the NSE on April 24 despite reporting steady earnings for the fourth quarter of the 2025-26 financial year (Q4 FY26).

The stock fell amid a sell-off in the larger market. Furthermore, the NIFTY Energy index– which Adani Energy is a part of– was trading 0.8% lower at the time of writing.

It reported a 1.3% year-on-year (YoY) rise in its consolidated profit after tax (PAT) to ₹722.65 crore during the quarter under review, compared to ₹713.66 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

It recorded a 16.7% YoY jump in its revenue from operations to ₹7,443.27 crore in the January to March quarter of FY26, as against ₹6,374.58 crore in the same period a year ago.

Infosys shares declined as much as 5.88% to hit a 52-week low of ₹1,167.70 per unit on Friday, April 24, as market participants were disappointed with the company's March quarter results and FY27 revenue guidance.

The IT services major on Thursday reported a 20.8% rise in consolidated net profit to ₹8,501 crore in the January-March quarter and guided for 1.5 to 3.5% revenue growth for FY27, pinning its optimism on momentum in financial services, utilities, and AI services.

The top management spoke of the calendar year starting on a strong note but pointed out that there was a "change in economic environment" amid the West Asia conflict, though things appear to be stabilising now.

For FY27, Infosys has given a revenue growth forecast of 1.5% to 3.5% in constant currency (CC) terms.

Most analysts noted that Infosys’ March quarter performance was either in line or slightly below expectations, with some pressure on revenues and margins. However, the bigger concern remains the FY27 revenue guidance of 1.5–3.5% constant currency growth, which signals a lack of meaningful recovery in demand.

Cyient stock dropped as much as 7.35% to an intraday low of ₹867.05 per equity share, as it posted a 32.6% quarter-on-quarter (QoQ) decline in its net profit to ₹65.5 crore in the March FY26 quarter from ₹97.2 crore in Q3 FY26.

However, its revenue from operations jumped 4.2% QoQ to ₹1,926.9 crore during the quarter under review, compared to ₹1,848.5 crore in the December quarter of FY26.

Its board of directors also considered and approved a share buyback proposal worth ₹720 crore, offering stock market investors ₹1,125 apiece for the share repurchasing deal.

Shares of Himadri Speciality Chemical rallied 13% to hit a 52-week high of ₹605 per unit on the NSE on April 24, after posting a 29% YoY surge in its consolidated net profit to ₹200.79 crore in Q4 FY26, as against ₹155.58 crore in the year-ago period.

Its revenue from operations jumped 13.49% YoY to ₹1,287.76 crore for the reporting quarter.

Its board of directors also recommended a final dividend of ₹0.80 per equity share of ₹1 each (i.e., 80% of the face value of the equity share) for the financial year 2025-26, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM).

The stock of Waaree Energies declined on Friday, April 24, after the US imposed preliminary anti-dumping duties on solar cells and panels imported from India, the Lao People’s Democratic Republic (Laos), and Indonesia.

The U.S. Commerce Department, according to a fact sheet posted on the agency's website, calculated preliminary duty rates, called 'dumping margins', of 123.04% for imports from India, 22.46% for imports from Laos, and 35.17% for imports from Indonesia.

This comes after 'The Alliance for American Solar Manufacturing and Trade' (AASMT) filed a petition alleging that dumped and cheap solar imports from India, Laos, and Indonesia undermined American manufacturing.

On its website, AASMT said the Commerce Department made affirmative preliminary anti-dumping determinations in its probe into crystalline silicon photovoltaic (CSPV) cells, whether assembled or not into modules, from India, Laos, and Indonesia.