Several companies reported mixed Q4 performance results that are driving market attention. PNB Housing Finance delivered strong results with profit rising 14.4% to ₹648.7 crore compared to ₹567.1 crore in the previous year. The housing finance company's net interest income increased 8.2% to ₹796 crore from ₹735.8 crore, while the board recommended a final dividend of ₹8 per share for FY26. NELCO posted a significant turnaround, reporting a profit of ₹1.09 crore against a loss of ₹4.08 crore in the previous year, with revenue growing 17.3% to ₹79.2 crore from ₹67.5 crore. However, Indosolar saw profit increase only 4.9% to ₹42 crore while revenue declined sharply by 56.7% to ₹83.1 crore from ₹192 crore. SML Isuzu reported a 2.4% rise in profit to ₹54.2 crore versus ₹52.95 crore, with revenue climbing 16.4% to ₹897.65 crore from ₹771.4 crore.
Multiple companies announced significant strategic moves and partnerships. HCLTech appointed Kimsuka Narsimhan as an independent director with immediate effect. Thomas Cook India and SOTC Travel launched trip cancellation due to visa rejection cover in collaboration with ICICI Lombard. TVS Motor Company announced its foray into the Zambian market by appointing Zamoto Manufacturing Ltd as its official distributor. Tata Consultancy Services signed an MoU with South Korean tech giant NAVER Corp for mutual cooperation in map services. Suzlon Energy exchanged initial pact with Korean firm GS E&C for partnership in India's renewable energy business. BSE Ltd launched the BSE Housing Finance Index through its subsidiary to track housing finance sector performance. JSW Steel entered into a joint venture agreement with South Korean steel major POSCO to set up a 6 million tonnes per annum steel plant in Odisha. Vedanta set May 1, 2026 as the effective date for demerger of its aluminium, merchant power, oil and gas and iron ore verticals into separate listed entities.
Several companies announced major partnerships and collaborations. Hyundai Motor Company and TVS Motor Company signed a joint development agreement to advance electric three-wheeler solutions designed for India's last-mile mobility needs. The partnership aims to address specific requirements of the Indian market through collaborative development and commercialization efforts. These strategic moves reflect companies' focus on expanding their market presence and technological capabilities across various sectors including renewable energy, mobility solutions, and financial services.
PNB Housing Finance shares were trading at ₹905.80 on BSE as of April 20, 2026, compared to the previous close of ₹924.40. The stock hit an intraday high of ₹933.30 and intraday low of ₹899.25, with total shares traded of 58,720 in over 3,887 trades. The net turnover during the day was ₹537.61 crore. Other notable market movements included SML Mahindra recommending a final dividend of ₹23.50 and reporting record FY26 profit, while SML Isuzu also recommended a final dividend of ₹2.
