Stocks to watch: From Reliance Industries to Mahindra & Mahindra – Here’s a list of 11 stocks in focus today – Market News

As the markets step into a fresh week and the last lap of April, investors are greeted with a busy calendar. The new financial year is already buzzing with quarterly earnings updates, mergers, acquisitions, and corporate developments. With so much happening, it’s natural for investors to feel a little lost about which stocks to keep an eye on. Let’s walk you through the 10 key stocks you should watch closely today, April 28.

Market recap

The Indian stock markets ended lower for the second straight session on Friday, April 25. The Sensex slipped by 588.90 points or 0.74% to close at 79,212.53. The Nifty dropped 207.35 points or 0.86% to settle at 24,039.35.

Stocks to watch on April 28, 2025

Reliance Industries

Reliance Industries posted a near 9% jump in consolidated revenue for the January-March quarter, touching Rs 2.61 lakh crore. While energy business remained under pressure, the strong performance of digital services and retail helped cushion the impact. Reliance also reported cash profits of Rs 1.46 lakh crore for FY25, once again surpassing its annual capital investments.

Mahindra & Mahindra (M&M)

In a major development, Mahindra & Mahindra announced plans to acquire a 58.96% stake in SML Isuzu for Rs 555 crore. This move is aimed at strengthening M&M’s position in the commercial vehicle segment. The deal involves buying shares from Sumitomo Corporation and Isuzu Motors Ltd, followed by an open offer for additional shares as per SEBI regulations.

Force Motors

Force Motors delivered a 210% year-on-year surge in net profit, reaching Rs 434.7 crore for the quarter. Revenues grew by 17.1% to Rs 2,356 crore, while EBITDA margins improved slightly to 14%.

Poonawalla Fincorp

Poonawalla Fincorp reported an 81.2% drop in net profit at Rs 62.3 crore for Q4FY25, mainly due to one-time expenses and prior provisioning. However, Net Interest Income (NII) rose 11.7% to Rs 707.9 crore.

L&T Finance

L&T Finance reported a 14.9% year-on-year rise in net profit at Rs 636.2 crore for Q4FY25. Net Interest Income (NII) rose by 3.8% to Rs 2,423.2 crore. However, there was a slight increase in the gross NPA ratio to 3.29%.

Hindustan Unilever (HUL)

HUL is preparing to inject new energy into its Rs 15,294-crore foods business, its second-largest segment, as per the FE report. The company is shifting its focus toward sales growth rather than just margins. HUL is also working towards listing its Rs 1,800-crore ice-cream division, a move expected to be completed by FY26.

Tata Technologies

Tata Technologies reported a 20% year-on-year rise in net profit for the March quarter, coming in at Rs 189 crore. Though quarterly revenue dipped slightly to Rs 1,286 crore from Rs 1,301 crore last year.

IDFC First Bank

IDFC First Bank shares in focus after it reported a sharp 58% year-on-year drop in standalone net profit to Rs 304.1 crore for the March quarter, compared to Rs 724.4 crore a year ago. Net interest income rose nearly 10% to Rs 4,907.2 crore.

DCB Bank

DCB Bank posted a 13.7% increase in net profit at Rs 177 crore for Q4FY25. Net Interest Income (NII) grew 9.9% year-on-year.

IREDA

Indian Renewable Energy Development Agency (IREDA) has initiated an internal review over its exposure to Gensol Engineering. The company filed a complaint with the Economic Offences Wing (EoW) regarding falsified documents. Although Gensol’s account is flagged “under stress,” it has not yet been classified as an NPA.

IRFC

Indian Railway Finance Corporation (IRFC) has emerged as the lowest bidder for a Rs 5,000 crore term loan for National Thermal Power Corporation (NTPC). The loan will be used for NTPC’s ongoing and new capacity expansion projects, including its renewable energy ventures. The final agreement is subject to NTPC Board approval.

Earnings to watch today

April 28 is set to be a key day for the markets, with a flurry of companies gearing up to release their quarterly earnings. Firms such as TVS Motor Company, Adani Total Gas, Hexaware, PNB Housing Finance, Castrol India, Indegene, and Greenply Industries will be in focus. Other important names like UltraTech Cement, Adani Green Energy, IDBI Bank, Central Bank of India, Oberoi Realty, and CSB Bank are also lined up to announce their results. Meanwhile, investors will be tracking updates from Go Digit General Insurance, UCO Bank, KFin Technologies, Firstsource Solutions, Nippon Life India Asset Management, IIFL Capital Services, IRFC, and Aditya Birla Sun Life AMC, making it a packed session for earnings watchers.

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