Moneylife’s market breadth indicators have now entered bullish territory, marking a decisive shift after nearly three months of weakness. Early-April had already delivered rare flashes of strength, with broad-based rallies on the first and second weeks of the month.
The rally was powered by global tailwinds: equities surged worldwide and crude oil prices plunged after the United States and Iran agreed to a temporary ceasefire, halting a potential war at the last minute. This breadth expansion signals that internal momentum is finally aligning with headline gains. Yet, the durability of this bullish phase will depend on sustained participation across segments and the stability of geopolitical conditions. Without that, the risk of slipping back into choppy reversals remains.
The trends of the major indices in the course of the week's trading are given in the table below:
News
Zen Technologies has achieved a major milestone with its new arms manufacturing licence under the Arms Act, 1959. The licence covers 12.7mm, 23mm, 30mm and 40mm cannons, enabling indigenous production of critical weapon systems for air defence, naval operations and counter-unmanned aircraft system (C-UAS) roles. Integrated with fire control systems, radar, electro-optical/infrared (EO/IR) sensors and programmable ammunition, these cannons provide responsive, accurate and cost-effective protection against drones, loitering munitions and low-flying aerial threats.
NBCC (India) has successfully concluded the e-auction of commercial space at Bharat Business Park, Sarojini Nagar, New Delhi, achieving a sale value of ₹5,779 crore. The auction covered 1.4mnsqft (million square feet) of commercial built-up space, marking one of the largest monetisation exercises in the project. NBCC will earn a 1% marketing fee on the transaction.
Apollo Micro Systems Ltd has secured a lifetime defence manufacturing licence from the Government of India, effective 10 April 2026, authorising production and proof-testing of strategic weapon systems. The licence covers arms above 12.7mm calibre, including missiles, ATGMs, torpedoes, underwater mines, aerial bombs, rockets and loitering munitions, to be manufactured at its Hyderabad facilities. The company will leverage its step-down subsidiary, IDL Explosives Ltd, which specialises in industrial and defence-grade explosives, propellants and pyrotechnics, to strengthen production of solid propellants, explosive fill compositions and precision detonators.
Shyam Metalics& Energy has disclosed that its subsidiary, Shyam Sel and Power Ltd (SSPL), is under a provisional attachment order from the directorate of enforcement (ED) dated 15 April 2026, covering investments worth ₹159.51 crore under the Prevention of Money Laundering Act (PMLA). The attachment includes ₹152.48 crore in corporate bonds and AIF (alternate investment fund) investments, linked to an ongoing probe into alleged illegal coal mining and pilferage at Eastern Coalfields Ltd (ECL).
Arisinfra Solutions signed memorandum of association (MoA) with Capacity Infraprojects for the supply of construction materials worth a minimum ₹800 crore over five years. Capacit’e will source materials for its infrastructure, commercial and real estate projects, ensuring Arisinfra a baseline annual off-take of around ₹160 crore.
Mankind Pharma’s board has approved the closure of its Sri Lankan subsidiary, Mankind Pharma Lanka, citing regulatory changes that made its business objectives unviable. The entity had no operations and is not material, so the winding up will not impact financial or operational performance. The decision follows earlier disclosures in 2025, reflecting a year-long evaluation process and compliance with Sri Lankan corporate law for voluntary dissolution.
Alkem Laboratories incorporated a new wholly-owned subsidiary, Alkem Pharma Trading FZCO, in Dubai to expand exports to Africa, South East Asia and non-UAE markets. The entity has an authorised and subscribed capital of AED 36.7 lakh (3,67,000 shares of AED 10 each).
Torrent Pharma successfully concluded a United States food and drug administration (US FDA) inspection at its Bileshwarpura oncology facility with zero observations. The inspection (6–10 April 2026) confirms full compliance with stringent US regulatory standards.
Paytm officially become an Indian owned and controlled company (IOCC), with domestic investors holding 50.3% equity as of Q4FY25-26. Domestic institutional ownership rose sharply to 23.1% in Q4FY25-26, up from 20.3% in Q3FY25-26 and 14% in Q4FY24-25.
EaseMyTrip signed memorandum of understanding (MoUs) with multiple Brazilian corporates and institutions — including AGK Corretora de Câmbio, Neo Sector, AMVALE, DATAGRO, X3 Brazil and LummioTechnologia — to strengthen its presence in Brazil’s corporate travel ecosystem. The partnerships aim to leverage Brazil’s large travel economy, rising digital adoption and structured procurement systems, positioning EaseMyTrip to capture demand in corporate and institutional travel services for Northstar products in India.
CleanMax partnered with Sangam India Limited to decarbonise operations across Rajasthan through a hybrid renewable supply agreement. The deal covers 30MWp (megawatt-peak) solar + 20MW wind + 2 MWh BESS (battery energy storage system), powering five Sangam facilities via CleanMax’sBhikamkor hybrid farm under a group captive model.
Bajaj consumer care received NCLT Jaipur bench’s approval for its scheme of arrangement with Vishal Personal Care Ltd, involving the latter’s demerger into Bajaj Consumer Care. The order, under Sections 230–232 of the Companies Act, 2013, was communicated on 13 April 2026. Next, Bajaj will file the certified order in e form INC 28 with the Registrar of Companies, making the scheme formally effective after its initial intimation in July 2025.
Dixon Technologies clarified that the labour protest in Noida is an industry-wide issue triggered by misinformation, not specific to its operations. The company confirmed full compliance with applicable laws and stated that there has been no material impact on operations, underscoring business continuity, despite regional unrest.
Intellect Design Arena announced a strategic partnership with Kuwait’s OnCost to deploy its eMACH.ai Retail 6DX platform across branches. The move shifts OnCost from legacy systems to a cloud native, micro-services architecture, enabling omnichannel integration, precision inventory, faster checkout and hyper personalised loyalty programs.
Firstsource Solutions launched Kairos, an operating system designed to embed ‘Intelligence That Operates’ into enterprise workflows. The platform addresses a 540bps gap in operational performance between artificial intelligence (AI)-enabled firms and laggards, integrating intelligence from ambition to accountable outcomes. Early deployments show strong results: 66% productivity gain and 80% automation in healthcare denials triage, plus 25% cost savings and 83% faster on-boarding in financial services know-your-customer KYC (Know Your Customer) /AML (Anti-Money Laundering), underscoring Kairos’ ability to convert AI into measurable efficiency.
Aditya Infotech, parent of CP Plus, has executed a 50:50 joint venture (JV) agreement with Orient Cables (India) Ltd to expand into the cables manufacturing segment. The JV will produce LAN (Local Area Network) cables, CCTV (Closed-Circuit Television) cables, terminated assemblies, connectors and allied products, supplying both partners’ networks. With equal shareholding, balanced board representation and mutual decision-making, the structure ensures joint control and integrated supply-chain synergy across surveillance and cable solutions.
Orders
BEML secured a US$36.38mn export order from the Middle East for heavy earth-moving equipment. This boosts its international order-book to US$106.95mn, reinforcing its presence in global infrastructure markets.
Gujarat State Petronet received a rectification order under Section 154, reducing its assessed income for AY2024 25 to ₹1,435 crore from the earlier ₹1,683 crore.
Paras Defence signed a 10-year exclusive agreement with Northstar (Bandak Aviation Inc, USA) to supply and support air to air refuelling systems for the Indian Armed Forces. The collaboration will establish facilities and depot level capabilities
HG Infra Engineering won a ₹519.33 crore contract from Mirzapur Thermal Energy (UP) Pvt Ltd for railway infrastructure at the 2×800MW Mirzapur thermal power project. The scope includes civil works, earthwork, bridges, station buildings and P way works, structured under an item rate/BOQ agreement. Execution is slated for 18 months, reinforcing HG Infra’s growing presence in railway-linked infrastructure for power projects.
Arisinfra Solutions signed an MoU with Capacity Infraprojects for the supply of construction and building materials worth a minimum ₹800 crore over five years. The framework translates to an average annual off-take of ₹160 crore, giving Arisinfra a recurring revenue baseline from a single counterparty. Structured as a purchase order framework, the MoU covers Capacit’e’s infrastructure, commercial, and real estate projects, with no related-party involvement and a purely domestic scope.
Emcure Pharmaceuticals announced a sharp price cut for Poviztra® (semaglutide injection), reducing the starting dose price by 55% to ₹3,999/month (0.25mg) from ₹8,790. Across all strengths (0.25mg to 2.4mg), prices have been lowered by an average of 47%, effective 3 April 2026.
Zydus Lifesciences received the establishment inspection report (EIR) from the US FDA for its oncology injectable facility at SEZ 1, Ahmedabad, confirming successful closure of the inspection conducted in November 2025. The clearance validates its new isolator based injectable manufacturing line, a critical step for entry into the high value oncology generics market.
Mergers/Acquisitions / Fund Raise / Stake Sale
Coforge received in-principle stock exchange approval for its preferential issue tied to the Encora acquisition. It will issue 93.8mn shares at ₹1,815.91 each, following the December 2025 share subscription agreement. With regulatory review complete, Coforge expects to finalise closing within 15 days, advancing its US$2.5bn AI native services vision.
Bharat Petroleum Corporation Limited, via its subsidiary Bharat PetroResources Ltd (BPRL), has announced the final investment decision (FID) approval for the SEAP-1 oil & gas project in Brazil’s BM SEAL 11 block, granted by operator Petrobras on 13 April 2026. BPCL holds an effective 26.40% stake, while Petrobras leads with 60%. The project will deploy FPSO (Floating Production Storage and Offloading vessel) P 81, designed to produce 120,000 barrels of oil/day and process 10mn cubic metres of gas/day, with contract signing expected shortly pending approvals.
Avenue Supermarts issued ₹500 crore worth of commercial paper, listed on the BSE with an 80 day tenure (10 Apr–29 Jun 2026). The instrument carries an interest rate of 6.60%, payable at maturity, and is unsecured with ICRA A1+ rating, reflecting high safety. No special rights or defaults are attached, ensuring a clean, short-term funding instrument for the company.
Apollo Hospitals completed the acquisition of 775,744 shares in Apollo Health and Lifestyle Ltd (AHLL) at ₹241/share, totaling₹18.69 crore. This raises its stake from 99.42% to 100%, making AHLL a wholly-owned subsidiary. The move consolidates Apollo’s position in healthcare services, following earlier buyouts from IFC entities.
KKR-backed Baby Memorial Hospital will acquire a 60% stake in Hyderabad’s Star Hospitals for ₹1,800 crore, valuing the chain at ₹3,000 crore. The deal creates a southern India hospital platform spanning Kerala and Telangana, tapping medical tourism and rising private healthcare demand. Promoters retain 40%, ensuring operational continuity while KKR’s capital drives expansion and professionalisation.
EdgeCortix secured fresh investment from Axiro Semiconductor subsidiary of CG Power subsidiary, India and MPower Partners (Japan VC fund), building on its oversubscribed prior round. The funding will accelerate development of next-gen energy efficient AI inference platforms, including the SAKURA X chiplet architecture for Generative and Agentic AI. Axiro brings expertise in RF, mmWave, and advanced connectivity IC design, complementing EdgeCortix’s edge focused AI processing strategy.
Satin Growth Alternatives (SGAL), a wholly-owned arm of Satin Creditcare (-0.81%), secured SEBIs (Securities And Exchange Board of India’s) approval for SGAL Scheme-1, a ₹200 crore category-2 AIF (alternate investment scheme). The fund, registered on 13 April 2026, targets ₹4 crore–₹10 crore investments in businesses focused on inclusion, sustainability and impact, with a first close backed by soft commitments.
HDFC Life Insurance announced a ₹1,000 crore preferential issue of equity shares to promoter HDFC Bank Ltd. The insurer will issue 1.45 crore shares at ₹688.52 each, fully in equity (no convertibles), compliant with SEBI’s preferential allotment norms. Post-issuance, HDFC Bank’s stake will rise marginally from 50.21% to 50.54%, consolidating promoter control, subject to shareholder and regulatory approvals.
Ashoka Buildcon completed the timely redemption of its Series II non-convertible debentures (NCDs) worth ₹100 crore on 16 April 2026. The redemption covered 10,000 rated, listed, senior, unsecured, redeemable NCDs of ₹1,00,000 each, listed on the wholesale debt segment of BSE.
DCM Shriram approved the transfer of 50% equity in Shriram Polytech Ltd (SPL) to Teknor Apex BV for US$5.6mn cash consideration. Post-transaction, SPL will be reclassified as a JV, with governance defined by a shareholders’ and share purchase agreement between DCM Shriram, SPL and Teknor Apex. The partnership combines SPL’s domestic vinyl compound expertise with Teknor Apex’s global formulation strengths, aiming to deliver high performance, sustainable specialty polymer solutions and expand DCM Shriram’s advanced materials footprint.
Windlas Biotech has approved a buyback of up to 4.7 lakh equity shares (face value ₹5 each) at ₹1,000 per share, aggregating ₹47 crore. The buyback, via the tender offer route under SEBI regulations, represents 2.23% of total equity capital and 9.80% of paid-up capital plus free reserves, staying within the 10% limit that avoids the need for a special resolution.
Earnings
Bajaj Consumer Care posted a sharp earnings rebound in Q4FY25-26: Net profit more than doubled to ₹63.6 crore, versus ₹31 crore in Q4FY24-25. Revenue from operations rose 31% y o y to ₹327 crore, compared to ₹251 crore last year.
Puravankara delivered its highest ever quarterly sales of ₹3,547 crore in Q4FY25-26, up 190% y-o-y from ₹1,225 crore. Annual sales hit a record ₹7,407 crore, while collections rose 15% y-o-y to ₹4,258 crore.
Just Dial posted a mixed Q4FY25-26. Revenue rose 6.2% y-o-y to ₹307 crore, showing steady top-line growth. Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved 3.1% y-o-y to ₹88.8 crore, reflecting marginal operating leverage. Net profit fell 36.5% y-o-y to ₹100 crore, highlighting margin compression, despite revenue expansion.
Anand Rathi Share & Stock Brokers delivered a strong Q4FY25-26. Revenue rose 28.1% y-o-y to ₹255.66 crore, underscoring robust top-line expansion. EBITDA surged 51.4% y-o-y to ₹110.33 crore, with margin widening 670bps (basis points) to 43.2% from 36.5%. profit after tax (PAT) jumped 125.7% y-o-y to ₹41.55 crore, highlighting sharp profitability gains on improved operating leverage.
CRISIL Ltd delivered a strong Q4FY25-26. Revenue rose 30% y-o-y y to ₹1,058 crore, driven by broad-based growth across verticals. Net profit surged 46% y-o-y to ₹233.3 crore, compared to ₹160 crore last year.
Waaree Renewable Technologies delivered FY25-26 results. PAT surged to ₹478.65 crore, marking 109.09% y-o-y growth. Revenue from operations jumped 131.31% y-o-y to ₹1,102.40 crore, compared to ₹476.58 crore in FY24-25.
Top gainers and losers of the major indices for the week are given in the table below:
