Vedanta, HUL, Meesho among buzzing stocks as SENSEX, NIFTY50 decline nearly 1% in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, slipped into the negative territory during the afternoon session on Thursday, April 30, amid weak global cues, as Brent crude oil prices surged past $126/barrel (bbl). Furthermore, investor sentiment dampened as the Indian rupee weakened past the 95 level against the US dollar.

Oil prices soared amid reports of a possible extension of the US blockade at the Strait of Hormuz, and an absence of any potential peace deal between Iran and the United States.

The SENSEX tanked to an intraday low of 76,258.86. Meanwhile, the NIFTY50 touched the session’s low of 23,796.85.

At 12:58 PM, while the markets were trading in the red, they were off their day’s low. The S&P BSE SENSEX fell by 718.65 points, or 0.93%, to 76,777.71, while NSE’s NIFTY50 stood at 23,939.80, marking a 237.85 points, or 0.98% decline.

Buzzing stocks on April 30: Check list

Shares of Vedanta were down 63.93% on the National Stock Exchange (NSE) on Thursday, April 30, at ₹278.85 apiece, after the company held a special trading session on the demerger ex-date this morning.

The steep decline, however, is largely technical in nature, reflecting the adjustment in the company’s stock price following the spin-off of its business verticals into separate listed entities.

Under the demerger scheme, Vedanta’s businesses are being split into five independent companies (including the existing one), and the parent stock now represents only the residual business value.

As part of the restructuring, shareholders of Vedanta will receive shares in the newly demerged entities, which include businesses such as aluminium, oil & gas, power, and steel.

The stock of Waaree Energies fell as much as 11.16% to an intraday low of ₹3,112.10 per equity share on the NSE, despite recording a 71.44% increase in its consolidated net profit attributable to the owners of the company at ₹1,061.1 crore for Q4 FY26. The company had posted a post-tax profit of ₹618.91 crore in the year-ago quarter.

Its 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.

Its operating EBITDA margin, however, declined to stand at 18.59% vs 23.04%.

Waaree Energies recommended a final dividend of ₹2 per share of ₹10 each at the rate of 20% for FY26, subject to approval of the members at the upcoming annual general meeting (AGM).

In a meeting on April 29, the company's board also approved raising ₹10,000 crore via qualified institutional placement (QIP).

Larsen & Toubro (L&T) on Wednesday said it has entered into a pact to divest its entire stake in L&T Metro Rail (Hyderabad) Ltd to Hyderabad Metro Rail Ltd for ₹1,461.47 crore.

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

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.

Upon closing of the transaction, Hyderabad Metro Rail Limited proposes to refinance LTMRHL's existing debt. Consequently, the Corporate Guarantee and Letter of Comfort issued by the Company in respect of such debt shall be released," the filing said.

Shares of Bajaj Finance surged as much as 4.83% to hit the session’s peak of ₹975 per unit on the NSE on April 30, as reported a 22% increase in its consolidated profit after tax (PAT) to ₹5,553 crore for the three months ended March 2026 (Q4 FY26).

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 in the same quarter of the preceding fiscal.

Analysts remain broadly bullish on Bajaj Finance following its Q4 performance, citing strong earnings growth, improving asset quality, and a stable outlook for FY27.

The stock of Hindustan Unilever Ltd (HUL) initially surged, before declining over 2%, after reporting its Q4 FY26 results.

It reported a 21% YoY rise in its consolidated net profit to ₹2,994 crore in the March FY26 quarter, compared with ₹2,475 crore in the same period a year ago.

It recorded an 8.1% rise in its core revenue from operations (sale of products business) to ₹16,172 crore in the March quarter of the financial year ended 2025-26, compared with ₹14,955 crore in the same period a year earlier.

HUL’s board of directors, after its quarterly meeting on April 30, considered and recommended a final dividend of ₹22 per share with a face value of ₹1 apiece, according to the exchange filing.

Shares of Bajaj Auto climbed over 3% as it announced that its board of directors will consider a buyback proposal on Wednesday, May 6, along with reporting its earnings for the fourth quarter of the 2025-26 financial year (Q4 FY26). This will be the company’s first buyback in two years.

The board of directors will also consider recommending a dividend on May 6.

Syngene International stock gained over 16% on the NSE after it reported its earnings for Q4 FY26.

The company posted a revenue from operations of ₹1,037 crore, up 1.8% YoY from ₹1,080 crore in the March FY25 quarter.

However, its net profit declined 19.3% YoY to ₹147.9 crore in the January-March quarter of the 2025-26 financial year.

Shares of Meesho soared over 13% on the NSE as JP Morgan, in an analyst note, said that the company’s net merchandise value (NMV) could outperform its user growth.

However, its advertising, which has three levers, is under-monetised. The analysts expect its free cash flow (FCF) to recover faster than its earnings before interest, tax, depreciation, and amortisation (EBITDA).