On Monday, 3,023 stocks advanced, 1345 declined and 203 remained unchanged on National Stock Exchange with advance decline ratio of 2.24 indicating a positive closing. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 133 securities advanced and closed at a new 52-week high whereas 24 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Pharma, Nifty Media and Nifty IT were among the biggest gainers.
Marine Electricals (India) (+2.16%) announced new orders worth around ₹70.86 crore (ex-tax) in its latest disclosure. Key contracts include a power distribution system for Princeton Digital Group (India), with delivery over seven to nine months (not a related party transaction). Additionally, an order from C Torq Marine Services L.L.C for panel supplies is classified as a related party transaction, with delivery expected over 21 months.
Quess Corp (+4.53%) announced receipt of an assessment order under Section 143(1) of the Income Tax Act, 1961, granting a refund of ₹155.11 crore for FY 2024–25. The refund includes ₹145.65 crore tax refund and ₹9.46 crore interest, received on 27 April 2026. The order was issued by the Centralized Processing Centre, Bengaluru, with no violations or contraventions noted.
Pine Labs (+2.18%) approved the acquisition of Shopflo Technologies Pvt Ltd, buying 100% of shares from existing holders. Shopflo, incorporated in Dec 2021, reported ₹147.35 mn turnover and ₹2.78 lakh paid up capital as of Mar 2025. The deal is valued at up to ₹88 crore, payable in tranches, to be completed within three months. It is a cash transaction, not a related party deal, strengthening Pine Labs’ checkout and e commerce enablement capabilities.
Alembic Pharmaceuticals (+1.80%) received final USFDA approval for its Fingolimod Capsules, 0.5 mg (generic Gilenya). The drug is indicated for relapsing forms of multiple sclerosis (MS) in patients aged ≥10 years. US market size is estimated at ~US$145 mn (IQVIA, Dec 2025), offering a meaningful generics opportunity. With this, Alembic’s cumulative ANDA tally rises to 237 approvals (219 final, 18 tentative), strengthening its CNS portfolio in regulated markets.
Power Mech Projects (+3.71%) secured a ₹227.95 crore EPC order from South Western Railway, Bangalore for the development of a Vande Bharat Sleeper Trains Maintenance Depot at Thanisandra (between Channasandra and Yelahanka stations, Karnataka). The project is to be executed over 30 months.
Mahindra Holidays & Resorts India (MHRIL) (-1.84%) approved the acquisition of 100% stake in Aditatva Estates for ₹37.5 crore, via cash consideration. Aditatva Estates, incorporated in Nov 2021, operates a 50 acre coffee plantation in Chikmagalur, Karnataka, with FY25 turnover of ₹81.03 lakh. MHRIL plans to leverage the land for a new leisure resort, aligning with its strategy to expand and diversify hospitality offerings.
MobiKwik (+11.26%) received RBI approval for its NBFC application, enabling launch of MobiKwik Financial Services Pvt Ltd (MFSPL) as a wholly owned subsidiary. The license will allow it to offer secured and unsecured credit products to consumers and MSMEs, leveraging its 186 mn user base, with focus on underserved regions. The in house NBFC will support faster product rollouts, co lending models, and improved lending margins, strengthening MobiKwik’s fintech platform.
Axis Bank (-3.05%) approved a capital raise of up to ₹20,000 crore via equity and equity linked instruments (QIP, ADRs, GDRs, preferential allotment), subject to approvals. In Q4FY26, net profit stood at ₹7,071 crore, down 0.65% y o y, while NII rose 4.7% to ₹14,457 crore. Asset quality improved sequentially with gross NPAs at 1.23% vs 1.40% and net NPAs at 0.37% vs 0.42%.
Can Fin Homes (+0.64%) reported a strong Q4 FY26 with net profit up 31% y o y to ₹346 crore versus ₹265 crore last year. The loan portfolio expanded 10% y o y to ₹42,209 crore, compared to ₹38,217 crore in March 2025. Housing loans form 72% of the book, while non housing (incl. CRE) account for 28%. Results highlight steady asset growth and profitability momentum
Tanla Platforms (+20.00%) posted a net profit of ₹134.3 crore in Q4FY26, up 14.5% y-o-y compared to ₹117.3 crore reported in the corresponding quarter last year.Revenue from operations stood at ₹1,177.5 crore, registering a 15.0% y-o-y increase from ₹1,024.4 crore in Q4FY25.
Lodha Developers (+4.61%) closed FY26 with record post tax profit of ₹3,431 crore, up 24% y o y. The company also achieved record pre sales of ₹20,530 crore, underscoring strong demand momentum. During the year, Lodha added 12 projects with GDV around ₹60,000 crore across MMR, Pune, Bengaluru, and NCR, exceeding guidance by 2.4x.
Chennai Petroleum Corporation (CPCL) (-3.63%) reported Q4 FY26 results with crude throughput at 2.93 MMT, slightly lower than 2.97 MMT last year, maintaining 112% capacity utilisation. Revenue from operations stood at ₹20,455 crore, marginally down from ₹20,581 crore y o y. PAT surged to ₹1,400 crore, a sharp rise from ₹450 crore in the same quarter last year, reflecting strong profitability despite flat topline.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
