Stocks To Watch, April 30: Vedanta, L&T, HUL, Bajaj Finance, Brigade Enterprises, Waaree Energies

The development marks the company's exit from the urban metro rail project.

L&T said in an exchange filing that it has "executed a share purchase agreement with Hyderabad Metro Rail Limited, a Government of Telangana Enterprise, for disposal of its entire shareholding in L&T Metro Rail (Hyderabad) Ltd, a subsidiary of the company, for a consideration of ₹1,461.47 crore."

Upon the transaction likely being completed by the end of June, L&T Metro Rail (Hyderabad) Ltd (LTMRHL) would cease to be a subsidiary of the company, the filing said.

Revenue from operations climbed 111.79% to ₹8,480.25 crore in Q4 FY26, compared to ₹4,003.93 crore in the corresponding period of the previous fiscal year.

The metals and mining major will file with stock exchanges next week for listing approval of its demerged entities, with shares expected to list and commence trading by mid-June, a top official of the company said on Wednesday.

During an investor call on Q4 financial results, Vedanta Resources CEO Deshnee Naidoo said the demerger is now in its final stage.

"In the next week, we will be filing with the exchanges for listing approval. The shares of the resulting companies are expected to list and commence trading by mid-June," she said.

Vedanta Ltd is the Indian arm of Vedanta Resources.

During January-March, its revenues from operations rose 62% year-on-year (YoY) to ₹1,738.8 crore, the company said in a statement.

For the entire FY26, profit after tax (PAT) for the year stood at ₹1,081.6 crore, up 193%.

While the revenue from operations rose 116% to ₹5,050 crore.

DV Manjunatha Donthi, Chairman & Managing Director, Emmvee Photovoltaic Power Ltd, said: "Our module capacity expansion from 6 GW to over 10 GW has been a key enabler, allowing us to respond effectively to strong and sustained demand across markets. At the same time, we have focused on strengthening our technology capabilities and integration strategy to ensure long-term competitiveness."

The company had reported a PAT of ₹4,546 crore in the year-ago period.

Its total income increased by 21% to ₹14,209 crore in the quarter under review from ₹11,755 crore logged in the January-March quarter of 2025, Bajaj Finance said in a regulatory filing to the stock exchanges.

The net interest income (NII) or core income grew by 20% to ₹11,781 crore in the fourth quarter of FY26 from ₹9,808 crore seen in the same quarter of the preceding fiscal year.

The board recommended a final dividend on equity shares at ₹6 per share of face value of ₹1 each for the financial year ended March 31, 2026.

The company had booked a loss of ₹63 crore on a consolidated basis in the year-ago period.

The total income during the latest March quarter more than doubled to ₹2,692 crore, from ₹1,209 crore in the same period of the preceding fiscal, Motilal Oswal Financial Services said in a regulatory filing.

Interest income, too, rose to ₹720 crore during the period under review, from ₹585 crore seen in the corresponding quarter a year ago.

During the quarter, total expenses increased significantly to ₹2,887 crore as compared to ₹1,235 crore in the same quarter a year ago.

In a regulatory filing on Wednesday, the company said that it has inked a strategic partnership with Bain Capital to develop a premium mixed-use project in Whitefield, Bengaluru.

"The project will be developed through a 50:50 joint venture between the two partners with a total project investment of approximately ₹2,200 crore," the filing said.

The project will cover an approximately 11-acre land parcel.

The two partners will develop around 2 million sq ft comprising Grade A office space and a five-star hotel to be operated by a leading international hotel brand.

The company had posted a consolidated net loss of ₹61.97 crore in the January-March quarter of 2024-25, New Delhi Television Ltd (NDTV) said in a regulatory filing.

Its consolidated total income was up 16.45% to ₹147.96 crore in the March quarter of FY26 as against ₹127.05 crore in the corresponding quarter a year ago, it added.

Total expenses were higher by 29.4% at ₹247.65 crore in the March quarter of FY26.

For the entire FY2025-26, NDTV reported a widening of loss to ₹323.16 crore.

The company had posted a consolidated net profit of ₹183.3 crore in the corresponding quarter of the previous fiscal, Syngene International Ltd said in a regulatory filing.

In the fourth quarter, expenses of ₹25 crore (net of tax) were recognised under exceptional items related to termination benefits extended to employees in accordance with the approved policy, it added.

Consolidated revenue from operations in the fourth quarter stood at ₹1,036.5 crore as compared to ₹1,018 crore in the year-ago period.

The company had posted a net profit of ₹265.4 crore in Q1 CY2025, the company said in a statement.

Its revenue from operations for the quarter under review rose 18.8% to ₹2,507 crore from ₹2,110 crore in the March quarter of 2025.

"We have reported continued strong growth momentum across all our business segments. Automotive technologies, vehicle lifetime solutions, and exports delivered robust double-digit growth, driven by successful business wins in our key focus areas," said Harsha Kadam, managing director and chief executive officer at Schaeffler India.

This would be in addition to the 10 GWh of battery energy storage capacity AGEL has planned for the current financial year.

The company will be having 3 gigawatts of operational battery energy storage system (BESS) capacity very soon, AGEL's executive director Sagar Adani said at the Resilient Futures Summit organised by Economist Enterprise in the national capital.

"As a group, just as we alone, shortly in the next couple of days, we'll have about three gigawatt hours of installed BESS capacity. That makes it one of the largest installed capacities anywhere in the world," he said.

The company had distributed ₹392 crore in the year-ago period.

Its net operating income (NOI) rose 37.4% to ₹742 crore during January-March from ₹540 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the last fiscal, the NOI increased 29.2% annually to ₹2,664 crore.

Ramesh Nair, MD & CEO, Mindspace REIT, said, "FY26 was a very strong year across every metric – occupancy, leasing, NOI growth, and distributions. As seen in Hyderabad, large tenants are committing early, and that is the clearest signal of market confidence."