Indian Oil Corporation emerged as a standout performer with strong Q4 profit growth, according to reports from ET Now. The company's robust financial performance has positioned it among the key stocks to watch for the trading session. DOMS Industries also demonstrated resilience with revenue and profit maintaining momentum during the quarter, while JK Paper reported earnings rise on higher revenue, as detailed in the earnings announcements.
NTPC achieved a significant milestone with power capacity crossing 90 GW, as reported by ET Now. The company's expansion to this capacity level represents a major achievement in India's power sector. JSW Energy completed a substantial stake sale in JSW Steel raising ₹3,150 crore, highlighting strategic portfolio optimization moves. TVS Motor Company announced plans to buy stake in Jana SFB, indicating expansion into financial services.
Eicher Motors revealed plans for Royal Enfield to establish a new manufacturing unit, as reported by ET Now. This expansion initiative demonstrates the company's commitment to capacity building and market growth. GMR Airports announced Hyderabad Airport expansion of cargo capacity, indicating infrastructure development in the aviation sector. Maruti Suzuki India commenced production at Kharkhoda Second Plant, marking a significant operational milestone for the automotive manufacturer.
Glenmark Pharmaceuticals achieved a notable milestone with generic antibiotic launched in US market, according to ET Now reports. This market entry represents a significant expansion for the pharmaceutical company's international presence. The quarterly results also showed mixed performance across sectors, with Indraprastha Gas Limited experiencing profit slip despite volume growth, while Astral reported profit decline despite revenue growth.
Adani Group stocks rose up to 3% following the US Department of Justice's decision to drop all criminal charges against Gautam Adani and his nephew Sagar Adani, concluding a 19-month legal battle. The group had faced allegations of bribery and fraud linked to solar power contracts. Separately, Adani Enterprises agreed to settle civil charges with the US Treasury for violating sanctions through a $275 million payment without admitting wrongdoing. This development, alongside the settlement, lifts uncertainty over the Adani Group's expansion plans and removes a significant overhang on the conglomerate's operations.
