REC Ltd continued its positive momentum for the third consecutive session, trading at ₹342.9 with a 2.3% gain as of 12:49 IST on NSE. The stock has shown resilience despite broader market weakness, with the NIFTY declining 0.18% to 23,373.6 and Sensex down 0.17% to 74,232.49. REC Ltd has demonstrated strong trading activity with 66.45 lakh shares traded today, significantly higher than the 53.61 lakh shares average daily volume in the last month. The stock's PE ratio stands at 5.42 based on TTM earnings ending March 2026, while it has declined 17.37% over the past year compared to NIFTY's 6.52% drop and Nifty Financial Services index's 6.42% decline.
Several companies reported their Q4 FY25 results with mixed performance across sectors. Indian Renewable Energy Development Agency Ltd. (IREDA) showed strong revenue growth of 14.2% to ₹2,175 crore compared to ₹1,905 crore in the previous year, while maintaining EBITDA at ₹1,867 crore with an 85.8% margin. However, InterGlobe Aviation (IndiGo) faced significant challenges with revenue growing marginally by 1.3% to ₹22,438 crore, but EBITDA plummeted 87% to ₹810 crore due to massive forex losses of ₹4,823 crore and one-time losses. NMDC demonstrated robust performance with revenue surging 49% to ₹11,343 crore and net profit increasing 15.5% to ₹2,018 crore.
The renewable energy sector showed resilience with Tilaknagar Industries reporting impressive revenue growth to ₹2,090 crore and EBITDA increasing 96.9% to ₹155 crore. Glenmark Pharma delivered strong results with revenue up 15.8% to ₹3,771 crore and net profit reaching ₹301 crore. In the infrastructure sector, KNR Constructions faced headwinds with revenue declining 28.7% to ₹696 crore, while Premier Explosives showed strong growth with revenue increasing 20.4% to ₹89.2 crore. The aviation sector continued to struggle with EMS reporting a 55.4% revenue decline to ₹120.5 crore.
Several companies announced significant dividend declarations during the quarter. Sunflag Iron declared a final dividend of ₹10 per share, while Concord Biotech and Olectra Greentech both declared dividends of ₹7.55 per share and ₹4 per share respectively. Hindustan Zinc made key leadership appointments with Amit Gupta appointed as CFO effective June 1 and CEO Arun Mishra's tenure extended by 2 months. Hemisphere Properties shareholders approved the sale of a land parcel in Pune to Hypervault AI Data Center for ₹640.5 crore, while NHPC successfully raised ₹2,000 crore via private placement bonds.
Hero MotoCorp saw LIC reduce its stake to 5.1% through a 2% stake sale, while SBI successfully priced $200 million in senior unsecured bonds via its London branch. Lupin received US FDA approval for bioequivalent Sutab Tablets and delayed its Philippines acquisition to July 2026. Central Bank of India approved a fourth interim dividend of ₹485 crore to the government, bringing total FY26 payout to ₹970 crore. PNC Infratech emerged as the L1 bidder for an ₹302 crore EPC project from Airports Authority of India, highlighting continued infrastructure sector activity.
Zee Entertainment Enterprises Ltd gained 6.15% to trade at ₹110.84 today, demonstrating strong market momentum for the third straight session. The stock has risen 17.25% in the last one month, significantly outperforming the Nifty Media index's 1.69% gain and the broader market's weakness. On the NSE, 15.08 lakh shares were traded today compared with the daily average of 291.53 lakh shares in the last month. The stock's PE ratio stands at 77.9 based on TTM earnings ending March 2026, while it has declined 12.44% over the past year compared to NIFTY's 6.52% drop and Nifty Media index's 12.42% decline.
