Stocks to watch, April 28: Adani Green, RIL, UltraTech Cement, TVS Motor, IndusInd Bank, SML Isuzu, RBL Bank, and more

The stock market will be closed on May 1, Thursday, on account of Labour Day.

At 07:08 AM on Monday, the GIFT NIFTY futures level suggested that the NIFTY50 index will open 93 points higher.

Its revenue from operations advanced 10% to ₹2,64,573 crore at the end of the March quarter, as against ₹2,40,715 crore reported in the year-ago period.

The company had earned a net profit of ₹554 crore in the corresponding quarter of the previous financial year.

The private sector lender had earned a net profit of ₹724 crore in the same quarter a year ago.

The lender's total income increased to ₹11,308 crore during the quarter against ₹9,861 crore logged in the same quarter a year ago, IDFC First Bank said in a regulatory filing.

As part of the transaction, the Mumbai-based automaker would acquire the entire stake of 43.96% held by Sumitomo Corporation, promoter of SML, and separately acquire a 15% stake held by Isuzu Motors Ltd, public shareholder of SML, for an aggregate consideration of ₹555 crore.

RBL Bank’s net interest income for the quarter stood at ₹1,563 crore as compared to ₹1,599 crore in the previous year's similar quarter, a drop of 2.3% YoY and 1.3% QoQ. This was largely due to poor growth in the interest income at 4% YoY to ₹3,475 crore. Whereas interest expenses for the quarter grew by 10% YoY to ₹1,912 crore.

According to a PTI report, Tata Electronics is likely to invest ₹2,000 crore for electronics components manufacturing under the ₹23,000 crore incentive scheme launched by the government.

Tata Electronics declined to comment on the query sent in this regard.

Talking about the electronics component manufacturing scheme (ECMS), Dixon CEO Atul Lal said electronics components are the next phase of growth for the company, the PTI report added.

Macrotech Developers, which sells properties under the 'Lodha brand', is one of the largest real estate companies in the country.

India heavily relies on potash imports and has been exploring ways to reduce its dependence on imports. India's potash imports primarily come from countries like Russia, Canada, Belarus, and Israel.

The company is also planning to expand beyond base metals – zinc and lead – and the precious metal silver, as well as all critical minerals which are of strategic interest to the company.

Net profit was ₹363 crore in January-March – the fourth quarter of the April 2024 to March 2025 fiscal year – compared with Rs 1,137 crore earnings in the same period a year back, the company said in a statement.

The firm, which is a subsidiary of state-owned Oil and Natural Gas Corporation (ONGC), earned USD 6.23 on turning every barrel of crude oil into fuel in the fourth quarter as compared to a gross refining margin of USD 11.35 per barrel a year back.

"We wish to inform that the US Food and Drug Administration (USFDA) conducted a surveillance inspection at the group's API (active pharmaceutical ingredient) unit located at Dabhasa in Gujarat," the drug firm said in a regulatory filing.

The inspection was conducted from April 21 to 25, 2025.

"The inspection concluded with 6 observations, and none of them were related to data integrity," Zydus Lifesciences said.

The city-based company, which is the financial services arm of the diversified conglomerate Murugappa Group, had registered a profit after tax of ₹1,065.23 crore during the corresponding quarter of last financial year.

For the financial year ending March 31, 2025, the profit after tax surged to ₹4,262.70 crore, from ₹3,420.06 crore registered in the year-ago period.

Its net profit stood at ₹71.48 crore in the year-ago period.

Total income rose marginally to ₹55.44 crore in the January-March period of the last fiscal year from ₹54.60 crore in the corresponding period of the preceding year, according to a regulatory filing.

The company had posted a consolidated profit after tax (PAT) of ₹157.24 crore in the same quarter of the year-ago fiscal, Tata Technologies said in a regulatory filing.

Consolidated total income in the fourth quarter of FY25 stood at ₹1,342.73 crore as compared to ₹1,325.19 crore in the year-ago period, it added.

IREDA said it has filed a complaint with the Economic Offences Wing (EoW) for the contract breach on April 24.

"Following recent developments concerning Gensol Engineering Ltd and its promoters and associate companies, IREDA has initiated an internal review in accordance with RBI guidelines and the company's due diligence protocols," IREDA said in a stock exchange filing.