Stocks to Watch, April 2: IndiGo, Tata Power, Eicher Motors, M&M, V-Mart Retail, Hero MotoCorp, Wipro

In a regulatory filing, the retail firm stated that its total revenue from operations for the quarter was ₹971 crore, compared to ₹780 crore in the corresponding quarter of the previous year, reflecting a year-on-year (YoY) growth of 24%.

Its same-store sales growth (SSSG) was at 12% for the quarter, including V-Mart Retail’s at 12% and Unlimited's at 9%.

In the corresponding period of the previous year, it had dispatched 5.5 lakh units in total, Hero MotoCorp stated.

Furthermore, its retail performance also remained robust in March 2026, with 5.42 lakh VAHAN registrations, marking a 24% YoY growth, the company said, quoting data from VAHAN except Telangana, as of April 1, 2026.

The project, a coal-to-2,000-tonnes-per-day (TPD) ammonium nitrate facility, represents an achievement as India's pioneering coal gasification initiative using homegrown technology from BHEL.

It signals a bold move towards self-reliant innovation, technological progress, and lessened reliance on foreign tech in energy and chemicals, the coal ministry said in a statement.

The announcement from the country's largest airline comes on a day when the Aviation Turbine Fuel (ATF) prices were revised, and the government decided to only partially hike the price by 25% for the domestic flights.

From March 14 onwards, the airline has been levying fuel charges ranging from ₹425 to ₹2,300 on domestic and international flight tickets as the fuel prices jumped in the wake of the West Asia conflict.

"Although fully offsetting the fuel price increase would require substantial fare revisions, IndiGo has passed on a relatively smaller amount to customers, keeping in mind the consequential burden on them," IndiGo said on Wednesday, and regretted the inconvenience to passengers resulting from the fuel charges.

Wipro veteran Nagendra Bandaru, who was serving as the President and Managing Partner of Technology Services Global Business Lines (GBL), has been appointed as Chief Executive Officer of the newly formed AI unit, effective immediately.

Bandaru, who has been with Wipro for nearly three decades, will continue to report to Wipro CEO and MD Srini Pallia in his new role as the AI unit's chief.

To fill Bandaru's previous role, the Bengaluru-headquartered company has roped in former Accenture executive Kanwar Singh as the new president and managing partner of Technology Services GBL, according to a regulatory filing.

He joins the bank from Jio Financial Services, where he built the group-wide risk management architecture across lending, payments, insurance broking, and asset management as the group CRO, according to a statement.

Domestic sales for the month under review were seen at 1,00,406 units, up 14% from 88,050 units in March 2025, while exports declined 8% year-on-year at 11,928 units, the company said.

Royal Enfield said it closed the financial year at 12,38,659 units, up 23% from FY 2024-25, with the domestic sales growing 23% year-on-year to 11,07,343 units while exports surging 23% to 1,31,316 units.

The growth was driven by sustained demand across both domestic and international markets, supported by a strong and diverse motorcycle portfolio and a growing ecosystem of allied businesses, strengthening overall customer engagement. The company said.

Mahindra & Mahindra overtook long-time number two player Hyundai Motor India and homegrown rival Tata Motors Passenger Vehicles Ltd in FY26. Maruti Suzuki is the market leader in India.

According to sales data released by automakers, Tata Motors Passenger Vehicles Ltd was the third-largest by sales in FY26, ahead of Hyundai Motor India Ltd, which dropped to fourth from second in FY25.

These solutions are an emerging and differentiated model in the Indian forklift and material handling equipment market.

The collaboration enables businesses to scale operations without large upfront capital expenditure and aims to finance lease assets worth Rs 100 crore over the next three years, a joint statement said on Wednesday.

With sectors such as e-commerce, pharmaceuticals, retail, logistics, and manufacturing rapidly shifting to electric, lead-acid and lithium-ion forklifts, the higher upfront CAPEX, typically 50–60 per cent more than diesel trucks, often slows adoption, it said.

In a regulatory filing on Wednesday, the company informed that it has secured a prime land parcel in Sector 92, Gurugram.

"The company has entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel," it added.

The proposed development is expected to have a saleable area of about 3 million square feet and an estimated revenue of ₹4,200 crore.

US West Texas Intermediate crude futures for May gained 4.1% to $104.21 a barrel as of 9:45 p.m. ET. International benchmark Brent crude futures for June rose 5% to $106.42 per barrel.