The Indian equity benchmarks were on track to close higher for a fourth session in a row on Thursday, April 17. The SENSEX rose as much as 1,010 points and NIFTY50 index touched an intraday high of 23,715 led by gains in ICICI Bank, HDFC Bank, Bharti Airtel, Reliance Industries and Axis Bank. As of 12:26 pm, the SENSEX was up 816 points at 77,860 and NIFTY50 index advanced 217 points to 23,654.
Here is a list of stocks that are buzzing in today's trade:
Waaree Renewable Technologies: Shares of the renewable energy equipment maker Waaree Renewable Technologies rose as much as 14% to hit an intraday high of ₹1,170 a day after the company reported that its net profit jumped 83% to ₹94 crore in fourth quarter of financial year 2025 from ₹51 crore in the same period last year. The company's total income advanced to ₹481.43 crore from ₹275.35 crore in the corresponding period of the previous quarter.
Its expenses rose to ₹356.25 crore in the quarter under review, compared to ₹203.27 crore in Q4 FY24.
The company's board appointed Sudhir Arya as an additional director (non-executive, independent director) of the company effective Wednesday, April 16, 2025.
Waaree Energies: Shares of Waaree Energies were also witnessing buying interest following Waaree Renewable Technologies strong earnings in March quarter. Shares of Waaree Energies rose as much as 6.61% to hit an intraday high of ₹2,377.10 on the back of high trading volumes. As many as 1.26 lakh shares changed hands on the BSE as against an average of 82,000 shares traded daily in the past two weeks.
Wipro: Shares of the country's fourth largest information technology services company fell as much as 6.25% to hit an intraday low ₹232.15 after it lowered the revenue growth guidance from IT business for first quarter of the current financial year.
For the June quarter, Wipro expects revenue from IT services to be in the range of $2,505 million to $2,557 million. This translates to sequential guidance of (-)3.5% to (-)1.5% in constant currency terms.
Infosys: Shares of the country's second largest information technology (IT) company, Infosys, declined as much as 1.96% to hit an intraday low of ₹1,385.20 ahead of its March quarter earnings announcement due later in the day. Analysts said that weakness in Infosys shares came on the back of larger selling pressure in IT space after Wipro, the country's fourth largest IT company, gave a weak forecast for its IT services segment growth for the upcoming June quarter.
Market participants will closely watch out for the management commentary in challenging environment for the IT companies. The IT sector has been going through a turmoil since the start of this year owing to uncertain global macro-economic environment. The measure of IT shares on the National Stock Exchange, NIFTY IT index, has so far this year dropped 23% massively underperforming the NIFTY50 index which is down 1.33% year-to-date.
Sonata Software: Shares of the Mumbai-registered IT company fell as much as 13.5% to hit an intraday low of ₹290 after the company on Wednesday night informed exchanges that it expects lower than anticipated revenue from its largest client in March quarter which will lead to lower revenue from its international business for the said quarter than previously envisioned.
KFin Technologies: Shares of the Mumbai-based financial services company rose as much as 8.67% to hit an intraday high of ₹1,145 on the BSE after the company said that it has entered into a definitive agreement with Ascent Fund Services Pte. Ltd to acquire controlling stake of 51% for $34.7 million.
ICICI Bank and HDFC Bank: Shares of the country's second largest private lender (ICICI Bank) rose as much as 2.59% to hit an intraday high of ₹1,392 while HDFC Bank, the country's largest private lender rose as much as 1.33% ahead of their earnings announcement on Saturday.
Last week, global investment bank Goldman Sachs came out with a report in which it said that it sees early signs of improvement in asset quality and operating profitability, which added to the bullish sentiment for banking shares, analysts said.
"In the near term the data points could remain soft, given sluggish credit growth (see recent report), impact on NIMs due to lead/lag between loans vs. deposits and elevated credit costs, driving modest EPS cuts of 2% on average for our coverage for FY26E. We believe the sector could be closer to the bottom of the cycle, with cuts to consensus EPS forecasts for FY26-FY27E to end in 1HFY26," Goldman Sachs said in a report.
India Cements: Shares of the Chennai-based cement maker rose as much as 2.5% on the back of heavy trading volumes. As many as 2.17 lakh shares changed hands on the BSE as against an average of 20,000 shares traded daily in the past two weeks. On the National Stock Exchange, trading volume surged by 23 times to 45,67,175 shares.
Jio Financial Services: Shares of the Mukesh Ambani-backed non-banking finance company rose as much as 0.51% to hit an intraday high of ₹243.50 ahead of its March quarter earnings announcement. Earlier this month, Jio Finance Limited (JFL), the NBFC arm of Jio Financial Services Limited, said it has introduced a fully digital Loan Against Securities (LAS) for its customers with an interest rate starting at 9.99%.
The LAS offering from JFL is a secured lending product that allows customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates, all within just ten minutes through a completely digital process, the company said in a statement.