Indian equities are expected to see stock-specific action on Thursday, with corporate earnings and key announcements driving sentiment across multiple sectors. According to reports from ET Now, Tata Motors Passenger Vehicles reported a 31.29% decline in consolidated net profit to ₹5,878 crore in Q4 FY26, while revenue from operations remained strong at ₹1.05 lakh crore. Meanwhile, Muthoot Finance posted over two-fold growth in consolidated profit at ₹3,397 crore for Q4 FY26, supported by higher lending activity and total income rising to ₹9,291 crore. The mixed performance across sectors reflects varied business conditions and operational challenges during the quarter.
Several companies announced significant corporate actions and fundraising initiatives. JSW Steel's board approved raising up to ₹14,000 crore through non-convertible debentures and equity shares to support expansion, investments, and future business growth initiatives. Additionally, HFCL announced plans to invest around ₹230 crore in a new defence manufacturing facility in Andhra Pradesh to expand capabilities and strengthen domestic defence production operations. As reported by ET Now, HDB Financial Services appointed Natarajan Srinivasan as independent director and non-executive chairman, strengthening its leadership team ahead of future expansion.
Natco Pharma received a demand notice exceeding ₹4.92 crore from the National Pharmaceutical Pricing Authority over alleged overcharging related to pricing of two pharmaceutical drug products. According to ET Now, Alembic Pharmaceuticals received tentative approval from the US health regulator for its generic version of Darolutamide tablets used in the treatment of prostate cancer patients. These regulatory developments highlight ongoing compliance and approval processes in the pharmaceutical sector.
TVS Motor Company appointed technology entrepreneur Ravindran Shanmugam as an independent director for five years, aiming to strengthen innovation and strategic technology-focused business development efforts. As reported by ET Now, Bharti Airtel chairman Sunil Bharti Mittal said he plans leadership succession within the next decade and aims for Bharti Telecom to regain over 50% stake in Airtel. These leadership transitions reflect strategic succession planning across major Indian corporations.
US-based GQG Partners sold 58.92 lakh shares of Adani Enterprises through an open market transaction valued at ₹1,435 crore, reducing its stake in the flagship company. According to ET Now, HUDCO reported more than two-fold increase in net profit to ₹1,981 crore during Q4 FY26, while total income climbed significantly to ₹3,625 crore in the quarter. The diverse range of corporate actions and fundraising plans across multiple sectors indicates active market participation and strategic business development initiatives.
