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Bajaj Finance, Bajaj Finserv, IndusInd Bank, Vishal Mega Mart among buzzing stocks; check full list

Upstox
By Upstox News Desk

4 min read | Updated on April 30, 2025, 13:34 IST

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SUMMARY

The benchmarks were trading in a tight range with SENSEX moving in a band of 433 points and NIFTY50 index touching an intraday high of 24,395.20 and low of 24,268.80.

Stock list

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Stock Market: सेक्टोरल इंडेक्स की बात करें तो आज ज्यादातर सेक्टर लाल निशान पर बंद हुए।

The Indian equity benchmarks were trading in a tight range. | Image: Shutterstock

The Indian equity benchmarks were trading in a tight range on Wednesday, April 30 with SENSEX moving in a band of 433 points and NIFTY50 index touching an intraday high of 24,395.20 and low of 24,268.80. As of 11:21 am, the SENSEX was up 31 points at 80,319.21 and NIFTY50 index advanced 3 points to 24,339.

Here are buzzing stocks in trade on Wednesday:
Bajaj Finance: Shares of the country's leading non-banking finance corporation (NBFC), Bajaj Finance, fell as much as 5.59% to hit an intraday low of ₹8,581.50 on the BSE a day after it reported a weak set of earnings for the March quarter (Q4 FY25) on Tuesday, April 29. Bajaj Finance's asset quality deteriorated while provisions and loan losses surged in the March quarter, leading to selling pressure in Bajaj Finance shares.

The Pune-based company's asset quality showed deterioration as its gross non-performing assets (NPAs), as a percentage of total advances, came in at 0.96% as against 0.85% in the same period last year.

Bajaj Finance’s net NPAs came in at 0.44% compared to 0.37% in the year-ago period.

The company's loan losses and provisions also surged in the March quarter, adding to bearish sentiment for the stock, analysts said. Bajaj Finance's loan losses and provisions in the March quarter jumped 77% annually to ₹2,329 crore as against ₹1,310 crore in the same period last year.

Bajaj Finserv: Bajaj Finserv shares declined on Wednesday, April 30, in the early session after the company failed to impress the investors with its March quarter earnings.

The company on Tuesday reported a 14% increase in its consolidated net profit to ₹2,417 crore in the fourth quarter ended March 2025. It had posted a net profit of ₹2,119 crore during the corresponding January-March period of the previous fiscal.

The total consolidated income during the March 2025 quarter advanced to ₹35,596 crore against ₹32,042 crore in the corresponding period of the previous financial year. Bajaj Finserv is a holding company for the various financial services businesses under the Bajaj group.

IndusInd Bank: Shares of the country's leading private sector lender fell as much as 3.21% to hit an intraday low of ₹810.40 after the bank post market hours on Tuesday said that its Managing Director and CEO Sumant Kathpalia has stepped down from his post, with immediate effect, following a derivatives accounting discrepancies matter.

Kathpalia’s resignation comes a day after the lender’s long-time director and deputy CEO, Arun Khurana, stepped down.

“…we hereby inform you that Mr Sumant Kathpalia, Managing Director & CEO, Key Managerial Personnel of the Bank, has by his letter dated April 29, 2025, resigned from services of the Bank with effect from close of working hours on April 29, 2025,” the company said in a statement to the stock exchanges.

Vishal Mega Mart: Shares of the retail chain operator rose as much as 10% to hit an intraday high of ₹118.35 after its net profit in March quarter surged 88% to ₹115.1 crore. Higher profitability was driven by strong double-digit same-store sales growth (SSSG), which rose 13.4% during the quarter. Meanwhile, revenue from operations rose 23.2% YoY to ₹2,547.9 crore.

Vishal Mega Mart’s EBITDA rose 42.5% YoY to ₹357.1 crore, while its EBITDA margin stood at 14% in the March quarter against 12.1% in the year-ago quarter.

Premier Explosives: Shares of the explosives maker fell as much as 18% to hit an intraday low of ₹384.05 on the BSE after the company informed exchanges that a fire and explosion took place at its factory situated at Katepally Village, Motakondur Mandal, Yadadri-Bhongir District, Telangana on Tuesday evening.

"The fire and explosion has resulted in damage of a building and machinery, and these assets have been appropriately insured and the company is in the process of ascertaining the actual loss caused due to the fire and explosion," the company said in a regulatory filing.

CEAT: Shares of tyre companies soared high on Wednesday, April 30, during the intraday period after CEAT Limited posted its March quarter earnings.

CEAT Limited shares were trading 8.92% higher at ₹3,333.30 apiece despite the tyre maker on Tuesday reporting a consolidated net profit decline of 3% to ₹99 crore for the fourth quarter ended March 31, 2025. The company had reported a net profit of ₹102 crore in the January-March quarter of 2023-24.

However, investors remained confident about the firm on strong commentary from the management.

Praj Industries: Shares of industrial products maker fell as much as 7.33% to hit an intraday low of ₹470.65 after its net profit fell 21% to ₹59 crore in March quarter from ₹75 crore in the same period last year.

Its revenue from operations declined 16.45% to ₹701 crore in fourth quarter of financial year 2024-24 from ₹839 crore in the year-ago period.

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