Vodafone Idea Shares Surge 5% on Reduced AGR Dues, Maruti Suzuki Posts 4% Gain on Strong Sales

Market Activity Drives Share Price Movement on April 28

Several stocks remained in focus on April 28 as corporate developments, earnings updates, and regulatory triggers drove market activity.

Adani Enterprises saw its share price down marginally after reporting a weak set of numbers for Q4 on a consolidated basis, posting a loss of Rs 220.7 crore compared to a profit of Rs 3,844.9 crore in the same period last year. However, revenue showed healthy growth, rising 20.3% year-on-year to Rs 32,439.3 crore from Rs 26,966 crore.

Read also: Market Analysis: Key Stocks to Watch - Narayana Hrudayalaya, ABB India, Federal Bank, Premier Energies, Ather Energy and More

In contrast, Vodafone Idea saw its share price rise more than 5 percent after the Department of Telecommunications (DoT) reduced the company's Adjusted Gross Revenue (AGR) dues by Rs 23,649 crore at Rs 64,046 crore as of December 31, 2025, marking a substantial cut from the earlier frozen figure of Rs 87,695 crore.

Maruti Suzuki shares added 4 percent on posting strong sales performance for April, with total sales jumping 33.3% year-on-year to 2.39 lakh units from 1.79 lakh units. Domestic sales grew 31.4% to 1.99 lakh units, while exports surged 43.5% to 40,054 units compared to 27,911 units last year.

Kotak Mahindra Bank share price shed 2 percent despite posting a solid Q4 standalone performance, with profit rising 13.4% year-on-year to Rs 4,026.6 crore from Rs 3,551.7 crore. Net interest income also increased by 8.1% to Rs 7,875.5 crore from Rs 7,283.6 crore.

Shares of Avenue Supermarts fell 3 percent eventhough steady Q4 consolidated performance, with profit growing 19.2% year-on-year to Rs 656.6 crore from Rs 550.9 crore. Revenue rose 18.9% to Rs 17,683.9 crore compared to Rs 14,871.9 crore.

Read also: FirstClub Secures $55 Million in Funding from Peak XV, Sofina, and Other Investors 9 Months After $22 Million Series A Round

ACC share price fell 1 percent on mixed Q4 consolidated performance, where profit declined sharply by 68.3% year-on-year to Rs 238.3 crore from Rs 751 crore. Despite the drop in earnings, revenue increased 18% to Rs 7,124.5 crore from Rs 6,039.7 crore.

Market participants said news flow remains a key driver in the current environment, with investors closely tracking corporate announcements and sector-specific triggers. With earnings season in progress, company-specific updates are expected to drive further volatility.