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  1. Stocks To Watch, April 29: Dr Reddy's, CEAT, Vedanta, Waaree Energies, Maruti, Eternal, Star Health

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Stocks To Watch, April 29: Dr Reddy's, CEAT, Vedanta, Waaree Energies, Maruti, Eternal, Star Health

Swati Verma

8 min read | Updated on April 29, 2026, 08:40 IST

SUMMARY

Stocks to watch: Tyre maker CEAT Ltd on Tuesday reported an over two-fold jump in consolidated net profit at ₹243.8 crore in the fourth quarter ended March 2026, riding on robust growth.

Stocks to watch, April 29, 2026

The GIFT NIFTY futures suggest that the NIFTY50 index will open 43 points higher. Image: Shutterstock

Stocks to watch: The domestic stock market is expected to open in the green on Wednesday, April 29. The GIFT NIFTY futures suggest that the NIFTY50 index will open 43 points higher.
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Here is a list of stocks that may remain in focus today.
Earnings today: According to the BSE list, as many as 53 companies are slated to report their March-quarter earnings today. The list includes names such as Vedanta, Waaree Energies, Adani Power, Federal Bank, Force Motors, HEG Ltd, Indian Overseas Bank (IOB), MOIL Ltd, Mphasis, RPG Life Sciences, Schaeffler India, and Syngene International.
Maruti Suzuki India (MSIL): The country's largest carmaker, Maruti Suzuki India (MSI), on Tuesday reported a record annual consolidated net profit of ₹14,679.5 crore in FY26, a year-on-year 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 ₹18,331.6 crore compared to ₹15,291.3 crore in FY25, it added.

Its total vehicle sales in FY26 were a record 24,22,713 units, up from 22,34,266 units in FY25, the company said.

CEAT: Tyre maker CEAT Ltd on Tuesday reported an over two-fold jump in consolidated net profit at ₹243.8 crore in the fourth quarter ended March 2026, 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 in the year-ago period, it added.

Total expenses in the fourth quarter were higher at ₹3,894.87 crore as compared to ₹3,259.26 crore in the year-ago period.

For fiscal 2025-26, consolidated net profit was at ₹697.24 crore as against ₹471.37 crore in 2024-25, the company said.

Star Health Insurance: Star Health and Allied Insurance Company on Tuesday reported a multi-fold jump in net profit to ₹111 crore for the fourth quarter ended March 2026.

The standalone health insurer posted a net profit of ₹50 lakh during the same quarter of the previous year.

During the reporting quarter, total income increased to ₹4,545 crore from ₹3,989 crore in the same period a year ago, Star Health and Allied Insurance Company said in a regulatory filing.

The company's gross written premium during the quarter rose to ₹5,968 crore against ₹5,138 crore in the year-ago period, it said.

At the same time, the net premium also increased to ₹5,599 crore as compared to ₹4,820 crore in the same quarter a year ago.

Netweb Technologies: Netweb Technologies on Wednesday 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.

As organisations scale AI workloads and deploy increasingly powerful GPU clusters, a fundamental constraint has emerged: while compute performance has advanced rapidly, data infrastructure has not kept pace.

Data, not compute, now limits AI performance.

Fragmented storage environments, duplicate datasets, and inconsistent access models are slowing down AI pipelines, underutilising expensive compute resources, and increasing operational complexity. ParallelStor Velox is built to solve this problem, the company said.

Dr Reddy's: According to news reports, Canada has approved its first generic versions of the diabetes drug Ozempic, marking a key milestone in the global race to make GLP-1 therapies more affordable. The country's regulator, Health Canada, has granted drug identification numbers to semaglutide injections developed by Dr Reddy's Laboratories.

Semaglutide is the active ingredient in Ozempic, originally developed by Novo Nordisk.

Canara HSBC Life: Canara HSBC Life Insurance Company on Tuesday reported a nearly 9% rise in net profit to ₹35 crore for the fourth quarter ended March 2026 (Q4 FY26).

The insurer had clocked a net profit of ₹32 crore in the year-ago period.

However, the total income of the firm promoted by Canara Bank declined to ₹1,268 crore from ₹2,759 crore in Q4 FY25, Canara HSBC Life Insurance said in a regulatory filing to the stock exchanges.

The company collected a net premium of ₹3,061 crore in the quarter against ₹2,703 crore a year ago.

Income from investments was negative at ₹1,716 crore during the quarter, compared with ₹55 crore in the same quarter a year ago.

BHEL: State-owned BHEL has entered into a licensing agreement with NSTL-DRDO to transfer technology for naval vessels.

Naval Science & Technological Laboratory (NSTL), Vishakhapatnam, is a premier laboratory under the Defence Research and Development Organisation (DRDO) that undertakes research and development of naval weapons and related systems (underwater mines, torpedoes, fire control systems, weapon launchers, targets, and decoys).

In an exchange filing on Tuesday, Bharat Heavy Electricals Ltd (BEHL) said it has entered into a licensing agreement for transfer of technology (LAToT) with NSTL-DRDO for fabrication, installation, and commissioning of the Gas Turbine-Infrared Suppression System (GT-IRSS) for naval vessels.

Greenply Industries Ltd: Greenply Industries Ltd, one of the leading players in the plywood and MDF industry, on Tuesday reported an 86.7% jump in its consolidated net profit to ₹31 crore for the March quarter of FY26.

The company had posted a profit of ₹16.6 crore in the January-March quarter a year ago, according to a regulatory filing by Greenply.

Its revenue from operations rose 19.64% to ₹776.24 crore in the March quarter of FY26. It was ₹648.77 crore in the year-ago period.

According to the company, Greenply "achieved its highest ever consolidated revenue" in Q4/FY26.

Eternal: Food delivery and quick commerce firm Eternal, which owns the Zomato and Blinkit brands, on Tuesday reported a multi-fold jump in its consolidated net profit to ₹174 crore for the fourth quarter, 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 $10 billion, but the doubling to $20 billion will take less than two years, and the company expects to "reach USD 1 billion of adjusted EBITDA, hopefully by FY29".

Goyal also dismissed concerns that artificial intelligence chat interfaces could disrupt the company's food delivery (Zomato) and quick commerce (Blinkit) businesses, arguing that "consumer behaviour is the hardest thing in the world to change" and "nowhere close to disrupting our business".

REC: Power sector financing firm REC on Tuesday, April 28, reported its earnings for the fourth quarter of the 2025-26 financial year (Q4 FY26).

It reported a 22% year-on-year (YoY) decline in its consolidated net profit to ₹3,375.08 crore during the quarter under review, as against ₹4,309.98 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

During the latest fourth quarter, the company's total revenue from operations reduced by 5.02% YoY to ₹14,563.82 crore, compared to ₹15,333.54 crore in the same period of FY25, according to a regulatory filing.

The company's interest income, which includes interest income on loan assets, came down to ₹14,119.11 crore in the quarter under review, marking a 5.54% YoY fall from ₹14,947.26 crore in Q4 FY25.

Bandhan Bank: Bandhan Bank on Tuesday reported a 68% year-on-year jump in net profit for the quarter ended March to ₹534 crore, driven largely by strong performance in its retail banking and treasury segments, along with improved asset quality.

Retail banking registered a profit of around ₹434 crore in the quarter, a sharp turnaround from losses in the preceding quarters and the year-ago period.

Treasury operations also remained strong, contributing around ₹206 crore to profits, the lender informed the bourses.

These gains helped offset continued losses in the wholesale banking segment, which reported a loss of about ₹80 crore in the quarter to March.

Brigade Enterprises: Realty firm Brigade Enterprises Ltd has acquired 5.72 acres of land in Hyderabad through auction for about ₹250 crore to build a housing project.

In a regulatory filing on Tuesday, the company announced the acquisition of a prime land parcel in Hyderabad through a recent auction conducted by the Telangana Industrial Infrastructure Corporation (TGIIC).

The outright purchase at Osman Nagar was at a price of ₹44 crore per acre, excluding registration costs.

The company plans to develop a residential project.

Amar Mysore, Executive Director, Brigade Enterprises Ltd, said, "Hyderabad has been a key focus market for us, having emerged as one of the most dynamic real estate markets in the country, and this land parcel in Osman Nagar is a strategic fit, meeting our stringent criteria for scale and suitability for premium development."

AWL Agri Business: AWL Agri Business Ltd, formerly Adani Wilmar, on Tuesday posted a 53.70% jump in consolidated net profit to ₹293.06 crore for the fourth quarter of the 2025-26 fiscal on strong sales.

The company's net profit stood at $190.66 crore in the year-ago period, according to a regulatory filing.

Its total income rose 18% to ₹21,464.78 crore during the January-March quarter of the 2025-26 fiscal from ₹18,229.59 crore in the year-ago period.

Expenses remained higher at ₹21,243.21 crore against ₹18,057.28 crore seen a year ago.

However, for the full 2025-26 financial year, the company posted a 14.75% drop in its consolidated net profit to ₹1,044.89 crore from ₹1,225.81 crore seen in the preceding fiscal year despite higher income.

With inputs from PTI
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Swati Verma
Swati Verma is a business journalist with over 11 years of experience. She writes on equities, corporate earnings, sectoral trends, and industry outlook, among others. At Upstox, she leads financial markets coverage.

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