Maruti Suzuki, Eternal, Bandhan Bank, among buzzing stocks as NIFTY, SENSEX trade near day’s high

Benchmark indices, SENSEX and NIFTY50, continued trading in the green during the afternoon session on Wednesday, April 29, bolstered by positive global cues and buying in realty and auto stocks.

Furthermore, markets cheered amid Q4 earnings optimism, especially after auto giant Maruti Suzuki reported its March quarter numbers yesterday. The index heavyweight recorded its best-ever annual sales of over 24.22 lakh units during the reporting period. It was the top gainer in the NIFTY50 index.

The SENSEX advanced to an intraday high of 77,982.07, while the NIFTY50 touched the session’s peak of 24,334.70.

At 1:11 PM, the S&P BSE SENSEX gained by 1,066.42 points, or 1.39%, to trade at 77,953.33. NSE’s NIFTY50 stood at 24,325.90, reflecting a 330.20 points, or 1.38% jump.

On Tuesday, the foreign institutional investors (FIIs) sold stocks worth ₹595.78 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹2,103.74 crore on a net basis, according to exchange data.

The NIFTY50 index was supported by gains in Maruti Suzuki (4.60%), Tech Mahindra (3.69%), Coal India (3.53%), ITC (3.43%) and Eicher Motors (3.02%).

On the other hand, Dr. Reddy’s (-0.63%), InterGlobe Aviation (-0.36%), and NTPC (-0.07%) were among the only top losers.

Buzzing stocks on April 29: Check list

Shares of Bandhan Bank rallied as much as 13.6% to hit a 52-week high of ₹202.95 per unit on the National Stock Exchange (NSE) on Wednesday, April 29, as it reported a 68.02% year-on-year (YoY) surge in its net profit to ₹534.14 crore during the quarter under review, compared to ₹317.90 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

The board of directors of Bandhan Bank recommended a final dividend of ₹1.50 per equity share with a face value of ₹10 each for FY26. In a note, analysts at JP Morgan said that while Bandhan Bank’s strategic pivot is underway, and its guidance for 1.6-1.7% RoA growth by FY27 is positive, trends have been very volatile historically. The analysts added that they await more visibility on the sustainability of ongoing recovery, especially in light of ongoing macroeconomic headwinds.

Jefferies noted that Bandhan Bank beat profit estimates, bolstered by lower credit costs and higher fees. Furthermore, credit quality was supported by stability in the microfinance institutions (MFI) sector and trends in election-bound states.

The stock of CEAT Ltd gained as much as 12.3% to hit an intraday high of ₹3,949.90 per equity share on the NSE on Wednesday, April 29, following the company's March quarter (Q4 FY26) as well as full financial year (FY26) results on Tuesday.

The company on Tuesday reported an over two-fold jump in consolidated net profit at ₹243.8 crore in the fourth quarter ended March 2026 (Q4 FY26), riding on robust growth.

The company posted a consolidated net profit of ₹98.71 crore in the corresponding quarter of the preceding fiscal, CEAT Ltd said in a regulatory filing.

Consolidated revenue from operations in the latest fourth quarter stood at ₹4,218.89 crore as compared to ₹3,420.62 crore seen in the year-ago period, it added.

CEAT Ltd said its board of directors has approved a dividend of ₹35 for FY25-26, subject to approval of shareholders.

Garden Reach Shipbuilders & Engineers shares jumped more than 14% after the opening bell on Wednesday, April 29, as the firm recorded a 24% rise in its March quarter net profit after tax (PAT), driven by a healthy rise in the company’s revenues for the period.

Garden Reach Shipbuilders’ consolidated revenue from core operations recorded a 29% rise to ₹2,119.21 crore in the March quarter, compared YoY with ₹1,642.03 crore in the same period a year ago.

Its board of directors, after their quarterly meeting on April 29, considered and recommended a final dividend of ₹6.7 per share for the financial year ended 2025-26.

The stock of Maruti Suzuki India advanced as much as 5.09% to hit an intraday high of ₹13,548 per equity share, after it posted a record annual consolidated net profit of ₹14,679.5 crore in FY26, a year-on-year (YoY) growth of 1.24%, riding on its best-ever annual sales of over 24.22 lakh units, propelled by the GST rate reduction.

The company had posted a consolidated net profit of ₹14,500.2 crore in the previous fiscal, Maruti Suzuki India said in a regulatory filing.

The total revenue from operations in FY26 was ₹1,83,316 crore compared to ₹1,52,913 crore logged in FY25, it added.

The board of directors has recommended a record dividend of ₹140 per share for the year, compared to ₹135 per share in 2024-25.

Shares of Netweb Technologies rose over 4% to its intraday high of ₹4,174.80 in the early trade on Wednesday, April 29, after the tech firm launched a new system named ‘Tyrone ParallelStor Velox’ to solve critical challenges and data bottlenecks in artificial intelligence (AI) infrastructure, according to an exchange filing.

“Netweb Technologies today announced Tyrone ParallelStor Velox, a Unified Data Platform with parallel file system capabilities, designed to address one of the most critical challenges in modern computing: the data bottleneck in AI infrastructure,” it said in the official release.

Emmvee Photovoltaic Power stock gained as much as 10% to reach a 52-week high of ₹299.50 apiece, after reporting an 89% YoY increase in its profit after tax (PAT) to ₹392.4 crore in Q4 FY26, from ₹207.1 crore in the year-ago period.

During the quarter under review, the company recorded a revenue from operations of ₹1,738.8 crore, marking a 62% YoY jump from ₹1,071.7 crore in the March FY25 quarter.

Shares of Man Infraconstruction surged over 5% as its entity Man Aaradhya Infraconstruction LLP acquired the development rights of Tardeo Court CHS & Tardeo Apartments CHS, and outright purchased Sethna House located at Tardeo in South Mumbai under the Cluster Redevelopment scheme 33(9).

The project has an estimated sales potential of more than ₹2,000 crore over the next four to five years, it said in a press release.

The stock of Eternal, the parent company of Zomanto and Blinkit, advanced as much as 4.87% to ₹265.40 per equity share, as it reported a multi-fold jump in its consolidated net profit to ₹174 crore for the fourth quarter (Q4 FY26), supported by higher revenue growth.

The company had posted a net profit of ₹39 crore a year ago, according to a regulatory filing.

Eternal Founder Deepinder Goyal, in a letter to shareholders, said the company took 18 years to achieve an annual net order value (NOV) of USD 10 billion, but the doubling to USD 20 billion will take less than two years, and the company expects to "reach USD 1 billion of adjusted EBITDA, hopefully by FY '29".