Indian Stocks to Watch: Wipro, TCS, HDFC Life, Saatvik Green Energy, IRB Infrastructure, JSW Steel, IFB Industries, Gaudium IVF Expected to See Activity on April 10

Stock Market Update

The stock market is bracing for a busy day of announcements and deals, with several companies set to release their quarterly earnings and make key decisions.

Upcoming Earnings Releases

Today, Agri-Tech (India), Eco Hotels and Resorts, and Vashu Bhagnani Industries will announce their quarterly earnings. On April 11, GSP Crop Science, Aqylon Nexus, B2B Software Technologies, Swadha Nature, and Uravi Defence and Technology will release their quarterly earnings scorecard.

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Tata Consultancy Services (TCS) Quarterly Earnings

TCS reported a 12.2% growth in profit to Rs 13,718 crore in Q4, compared to Rs 12,224 crore in the same period last year. Revenue also increased by 9.6% to Rs 70,698 crore, up from Rs 64,479 crore. EBIT jumped 14.5% to Rs 17,870 crore, while EBIT margin expanded 108 basis points to 25.27%. The company approved a final dividend of Rs 31 per share and reported annualized AI revenue of over $2.3 billion. Total contract value stands at $12 billion, and TCS has renewed its multi-year strategic partnership with Marks and Spencer.

JSW Steel Quarterly Business Update

JSW Steel reported a 3% decline in consolidated crude steel production to 7.43 million tonnes (MT) in Q4, compared to 7.63 MT in the same period last year. India operations crude steel production fell 1% to 7.34 MT, while combined crude steel production slipped 2% to 7.49 MT.

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Stocks to Watch

• Wipro: The Board will consider a proposal to buy back equity shares on April 16, along with the announcement of results for the fourth quarter ended March 2026.
• HDFC Life Insurance Company: The Board will consider a proposal for raising funds by issuing equity shares through a preferential issue on April 16, along with the announcement of audited standalone and consolidated financial results for the quarter and year ended March 2026.
• Tata Steel: The company has completed the acquisition of the remaining 10,000 equity shares (0.01% stake) in its subsidiary, Tata Steel Colors, from BlueScope Steel Asia Holdings Pty Ltd for Rs 0.03 crore.

Other Key Developments

• Poonawalla Fincorp has launched its qualified institutional placement (QIP) issue on April 9, with a floor price of Rs 390.26 per share.
• Saatvik Green Energy's subsidiary, Saatvik Solar Industries, has received an order worth Rs 108.75 crore from independent EPC players for the supply of solar PV modules.
• IFB Industries has appointed Manoj Kumar Vijay as an Additional Director and Sandeep Joseph Abraham as Managing Director and Chief Executive Officer.
• IRB Infrastructure Developers reported toll revenue of Rs 783.5 crore for March 2026, marking a growth of 20.7% over Rs 648.9 crore in the corresponding month of FY25.
• Eicher Motors has launched its first electric motorcycle, the Flying Flea C6, priced at Rs 2.79 lakh.
• SpiceJet has been ordered to pay about $8 million to an aircraft engine lessor over unpaid rent and maintenance charges.

Bulk Deals

Stock Trades Ex-Dividend

• Jash Engineering: Stock Trades Ex-Date
• Puretrop Fruits: Stock Trades Ex-Date for Bonus
• R M Drip and Sprinklers Systems: Stock Trades Ex-Date

Stocks in F&O Ban

• SAIL