On Thursday, 1766 stocks advanced, 2517 declined, and 173 remained unchanged on the Bombay Stock Exchange with an advance-decline ratio of 0.70, indicating a negative closing. The trend of the major indices on Thursday’s trading is given in the table below.
On NSE, 119 securities advanced and closed at a new 52-week high, whereas 28 securities sank to close at their new 52-week lows. Nifty Auto, Nifty PSU Bank and Nifty IT were the biggest loser. Nifty Pharma, Nifty Auto and Nifty India Defence were the biggest gainer.
Alembic Pharmaceuticals (+0.54%) incorporated a wholly owned subsidiary in Germany — Alembic Pharmaceuticals GmbH — to expand its presence in the European pharmaceutical market. The entity, established with a share capital of €25,000 (25,000 shares of €1 each), is intended to promote, sell, and distribute pharmaceutical products across the region.
G R Infraprojects (-1.49%) signed an EPC agreement with NTPC Ltd for the implementation of a Battery Energy Storage System (BESS) at the Mouda Super Thermal Power Station. The contract, executed on 23 April 2026, is valued at ₹413.37 crore (exclusive of GST) and is scheduled for completion within 15 months from the appointed date. Near Tumlingtar, Sankhuwasabha District, Nepal, ~264 km from Siliguri, India.
Concord Enviro Systems (+2.79%), via its subsidiary Concord Enviro FZE, invested US$574,999.65 to acquire 1.28 mn preferred shares (2.87% stake) in WaHa Inc., a California based clean tech firm. The move strengthens Concord’s capabilities in atmospheric water generation and energy efficient cooling solutions, targeting water scarce regions and industrial applications.
Coforge (-1.23%) completed the acquisition of Encora, first announced in December 2025, securing a US$550 million three year loan at 4.6% fixed interest to fund the purchase, thereby cancelling earlier plans for a QIP. The first repayment is due in six months. Encora’s numbers will be integrated from 1 May 2026, with FY’27 results reflecting 11 months of operations.
Cipla (+5.63%) received final USFDA approval for its Albuterol Sulfate Inhalation Aerosol, the first AB rated generic Ventolin HFA. The inhaler treats and prevents bronchospasm in patients aged four and above, including exercise induced cases. The US albuterol inhaler market is valued at ~US$1.5 bn (IQVIA), offering Cipla a strong growth opportunity.
Balrampur Chini Mills (-0.23%) approved a ₹450 crore fundraise via a preferential issue of 93.16 lakh equity shares at ₹483/share. The issue will see participation from promoters, promoter group entities, and institutional investors including Tata Small Cap Fund, ICICI Prudential funds, and Category III AIFs. The board also cleared debt raising and capex revisions, signalling a broader strategic push.
This move strengthens the company’s capital base and growth readiness in the sugar and allied businesses.
Symphony (+0.51%) received a favourable GST order dated 22 April 2026, reducing its demand for FY18 to just ₹28,162 from the earlier ₹2.65 crore. The ruling drops interest liabilities of ₹2.64 crore, previously raised in February 2024.
Aditya Birla Sun Life AMC (+2.70%) posted Q4FY25-26 revenue of ₹458.2 crore, up 6.8% y o y from ₹428.8 crore. Net profit fell 18% y o y to ₹187.1 crore, despite EBITDA rising 9.2% to ₹266.4 crore with margins improving to 58.1%.
Tips Music (+8.02%) delivered a strong Q4FY25-26 performance with net profit rising 92.9% y‑o‑y to ₹59.1 crore versus ₹30.6 crore last year. Revenue from operations grew 32.5% y‑o‑y to ₹103.9 crore, compared to ₹78.5 crore in Q4FY25.
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:
Baazar Style Retail: Aggressive Expansion
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India’s non-ferrous metals recycling industry is currently undergoing a massive structural shift from a fragmented, unorganised sector to a formalised manufacturing ecosystem. Historically, the unorganised sector accounted for nearly...
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SJS Enterprises Limited (SJS) is a leading manufacturer of premium aesthetic and decorative components, catering to the automotive and consumer industries. The company operates in the high value-added segment of the auto-ancillary...
Nifty, Sensex React to Stalemate in Gulf War But Small Caps are Flying
Moneylife Digital Team
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On Wednesday, 2445 stocks advanced, 1829 declined and 158 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.33 indicating a positive closing. The trend of the major indices on Wednesday’s trading is given in...
