In today’s trade, shares of TCS, HDFC Bank, ITC Hotels, Hyundai India, Adani Enterprises among others will be in focus due to various news developments and fourth quarter results.
ITC Hotels
Foreign investor GQG Partners offloaded shares worth about Rs 197 crore in ITC Hotels through a bulk deal on Wednesday, even as the stock has seen a sharp correction in recent months. Exchange data showed that GQG Partners Emerging Markets Equity Fund sold 1,28,87,559 shares of ITC Hotels at an average price of Rs 152.67 per share, taking the total transaction value to roughly Rs 197 crore.HDFC Bank
The Reserve Bank on Wednesday said HDFC Bank’s board meeting minutes and other records are studied as part of supervision exercise, and reiterated that the largest private sector lender has not been found wanting on ethics and governance.
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TCS
Shares of TCS will be in focus as the IT bellwether company will announce its first quarter results, the first after the AI-led crash earlier this year. Street estimates suggest revenue growth of about 8% year-on-year and profit growth of around 12%, based on an average of 8 brokerage forecasts. On a sequential basis, most analysts expect low single-digit growth, reflecting continued caution in client spending.
Adani Enterprises
The Adani Group pledged three large-scale infrastructure projects in Odisha, focusing on digital infrastructure, energy security, and manufacturing. Karan Adani, Managing Director of Adani Ports and Special Economic Zone, detailed the initiatives at the ground breaking and inauguration ceremony of 36 industrial projects in Khordha.
Hyundai India
Hyundai Motor India on Wednesday announced that it has planned to increase the prices of its cars up to 1% across the portfolio, effective May 2026. The price revision is attributed to a combination of various cost escalations.
Biocon
Biopharma major Biocon is going full throttle on adoption of artificial intelligence and scaling up investments to embed the latest generation data science and analytical tools deeply into the entire spectrum of its operations ranging from research and development engine to manufacturing and procurements, top company officials said.