In today’s trade, shares of HCL Tech, Vedanta, Jio Financial, IndusInd Bank, Suzlon Energy among others will be in focus due to various news developments and fourth quarter results.
Vedanta
Vedanta said its board has approved May 1, 2026 as both the effective date of its long-awaited demerger and the record date for determining shareholders eligible to receive shares in the newly carved-out businesses. Under the approved scheme, shareholders of Vedanta will receive shares in the demerged entities in proportion to their existing holding in the company.HCL Tech
IT services major HCL Technologies is expected to report a mixed set of March quarter results, with steady year-on-year growth but sequential weakness driven by seasonal softness in its software business and margin pressures from wage hikes and restructuring costs. The results will be announced on Tuesday and come after weak earnings from peer Wipro.
Jio Financial
Jio Financial will continue to scale up its Rs 25,000 crore lending book through property-backed, financial asset-backed corporate lending while holding back on unsecured credit until the balance sheet is sufficiently strengthened, said its managing director and chief executive Hitesh Sethia.
TVS Motor
TVS Motor Company on Monday announced its foray into the the Zambian market, appointing Zamoto Manufacturing as its official distributor. The entry into Zambia is a strategic move to bolster its African footprint and Zamoto Manufacturing will be responsible for sales, service, and spare parts network across the country.
IndusInd Bank
The Serious Fraud Investigation Office (SFIO) has asked all major audit firms associated with IndusInd Bank over the past decade -S R Batliboi & Co (an EY network firm), Haribhakti & Co, M P Chitale & Co, and MSKA & Associates (a BDO network firm)-to join its ongoing probe into alleged irregularities in the bank’s derivatives portfolio, ET reported.
Suzlon Energy
Suzlon Energy and Korean firm GS E&C on Monday exchanged initial pact for a partnership in India’s renewable energy business and the optimisation of related solutions.
PNB Housing
PNB Housing Finance recorded a 19% rise in fourth-quarter profit on Monday, benefiting from strong home loan demand and an improvement in asset quality. The New Delhi-based company has been aggressively expanding lending in non-premium emerging markets and the affordable housing segment, where loans typically command higher interest rates due to lower competition from big banks.