Moneylife’s market breadth indicators have maintained their position in bullish territory this week. The trends of the major indices in the course of the week's trading are given in the table below:
News
The Union Cabinet cleared Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 authorising an additional ₹2.55 lakh crore credit flow to ease liquidity stress from the West Asia conflict. Of this, ₹5,000 crore is earmarked for airlines, allowing passenger carriers to access up to 100% of peak Q4FY25-26 working capital utilisation, capped at ₹1,500 crore per borrower. Micro, small and medium enterprises (MSMEs) and other eligible borrowers can avail up to 20% of peak working capital utilisation, capped at ₹100 crore. SpiceJet and InterGlobe Aviation rallied as the scheme eases liquidity stress from the West Asia conflict.
Delhi High Court admitted Anil Ambani’s defamation suit against NDTV over its coverage of central bureau of investigation (CBI) and enforcement directorate (ED) probes into Anil Dhirubhai Ambani group (ADAG) firms, including alleged banking fraud of ₹31,580 crore. ED has attached ₹1,120 crore of assets, while the Supreme Court of India (SC) earlier ordered fair and prompt investigations, criticising delays.
KEI Industries reported income-tax (I-T) department searches at its offices and plants, confirmed cooperation, pledged updates on material developments, and reiterated its commitment to transparency and compliance, despite stock pressure from earlier media reports.
Embassy Developments (erstwhile Equinox India Developments, earlier Indiabulls arm) has received a favourable ruling in its insolvency case national company law appellate tribunal (NCLAT), quashed the insolvency resolution process against the company under the Insolvency and Bankruptcy Code, 2016 (IBC), overturning the December 2025 NCLT order and terminated all related directions, providing full relief to the company.
Zaggle Prepaid Ocean Services entered a three-year partnership with The Supreme Industries Ltd, deploying its Zaggle Propel rewards platform. The collaboration will enhance channel rewards and recognition programmes for Supreme Industries, reinforcing Zaggle’s positioning in the domestic rewards sector. The agreement is purely domestic, arm’s-length and free of related-party involvement, underscoring transparency and regulatory compliance while reflecting long-term trust between the parties.
Oswal Pumps won a ₹162.06 crore MSEDCL order under the PM Kusum B Scheme –Magel Tyala Saur Krishi Pump Yojna to install 6,896 solar pumps across Maharashtra, reinforcing its role in renewable driven agricultural infrastructure.
Zen Technologies launched India’s first artificial intelligence (AI)-powered anti-drone system, offering modular soft/hard kill solutions, 15km+ detection and swarm-attack capability, marking a leap in indigenous defence tech. This development positions Zen at the cutting edge of counter-UAS warfare, aligning with India’s push for AI-driven defence innovation and battlefield resilience.
Aurobindo Pharma unit-7 received a Voluntary Action Indicated (VAI) classification after United States food and drug administration (US FDA) inspection, with nine Form 483 observations, now closed via Establishment Inspection Report (EIR), requiring voluntary corrective steps but no enforcement action. This outcome reflects a manageable compliance checkpoint, allowing Aurobindo to continue operations, while addressing identified gaps to sustain US market access.
RBL Bank received prior approval from the Securities Exchange Board of India (SEBI) for the proposed preferential equity investment by Emirates NBD Bank. The deal remains subject to additional regulatory clearances and customary conditions under the investment agreement.
Alkem’s Amaliya facility was issued a Form 483 with seven observations by the US FDA, requiring corrective actions to sustain US compliance and market access.
NCLAT upheld Adani’s ₹14,535 crore resolution plan for Jaypee Associates Ltd (JAL), rejecting Vedanta’s challenge and clearing the way for Adani to take control of the stressed asset.
Orders
EMS won a ₹648.49 crore turnkey order from UP Jal Nigam for sewer networks and a 23MLD (million litres day) pumping station in Varanasi, to be executed in 18 months.
GK Energy secured a ₹353.89 crore letter of empanelment (LoE) from MSEDCL under the Magel Tyala Saur Krushi Pump Yojana to install 15,000 solar pumps across Maharashtra in 60 days, strengthening its role in renewable energy-driven rural irrigation.
SPML Infra won a ₹1,128 crore NTPC order to build a 250MW (megawatt)/1,000MWh (megawatt-hour) battery energy storage system (BESS) at Barauni (Bihar), with execution in 18 months and 15‑year operations & maintenance (O&M), marking its entry into utility-scale storage.
Larsen & Toubro (L&T) won a ₹10,000 crore–₹15,000 crore order from JSW Steel for blast furnaces and steel melt shops, marking its largest domestic metals contract and supporting JSW’s expansion to 50MTPA+ (metric tonnes per annum) by 2031.
Ceigall India joint venture (JV) won a ₹918.04 crore Jaipur Metro phase‑2 contract for a 10.8km viaduct and 10 stations, to be executed in 34 months, reinforcing its urban transport footprint.
Premier Explosives secured a ₹33.69 crore export order for rocket motors, to be delivered in 18 months. This deal highlights the company’s ability to consistently win international contracts, positioning it as a credible Indian player in the global defence supply chain.
Bharat Electronics (BEL) has secured a ₹1,251 crore contract from the ministry of defence for the supply of ground based mobile ELINT system (GBMES) to the Indian Army. It detects, classifies and locates all radar types; intercepts and analyses communication signals, enhancing situational awareness and air defence. Its networked intelligence system strengthens operational capabilities, offering a modern warfare edge through comprehensive signal processing.
Larsen & Toubro (L&T) buildings & factories (B&F) vertical won ₹2,500 crore–₹5,000 crore orders for high-rise residential projects in Hyderabad and Mumbai, reinforcing its leadership in mega scale real estate construction.
Mergers/Acquisitions / Fund-raise / Stake Sale
Dr Lal Pathlabs completed the acquisition of Shahbazkers Diagnostic Centre Pvt Ltd (SDCPL), on 1 May 2026, making it a wholly-owned subsidiary, reinforcing its diagnostic services portfolio.
KPIT invested US$10mn (million) in Cymotive, gaining a pathway to a 26% stake, strengthening its SDV and automotive cybersecurity capabilities for global original equipment manufacturers (OEMs). This move positions KPIT at the intersection of AI-led automotive software and cybersecurity, a critical domain as vehicles evolve into connected, software-defined ecosystems.
DMSL, a subsidiary of Deepak Fertilisers, acquired Chardham Chemicals for ₹121.45 crore, boosting explosives offerings, enabling mine productivity programmes under its TCO model and opening export channels to Australia and global markets.
Reliance Industries (RIL) dropped plans to acquire Kandla GHA Transmission after Power Finance Corporation (PFC) annulled the bidding process nullifying its earlier board approval for a ₹20 crore deal, leaving RIL without any stake in the transmission project.
Waaree Renewable Technologies (WRTL) has announced a ₹1,225 crore investment to acquire a 55% stake in Associated Power Structures Pvt Ltd (APSPL), making APSPL its subsidiary. APSPL strengthens WRTL’s renewable and power infrastructure portfolio, aligning with its expansion strategy.
Emami will acquire 60% of IncNut Digital for ₹321 crore, making Vedix and SkinKraft subsidiaries, with plans to buy the remaining stake over 4.5 years, reinforcing its entry into digital beauty and personal-care.
Earnings
RR Kabel posted Q4FY25-26 revenue of ₹2,964 crore (+33.6% y-o-y – year-on-year) and profit after tax (PAT) of ₹168 crore (+30.2% y-o-y), underscoring strong demand momentum and operational strength.
IndiaMART Intermesh reported Q4FY25-26 revenue of ₹404.3 crore (+13.9% y-o-y), but PAT fell 72.2% y-o-y to ₹50.2 crore, highlighting strong demand but significant profitability strain.
CDSL posted a mixed Q4FY25-26. Revenue: ₹262.85 crore, up 17.1% y-o-y (₹224.49 crore last year), reflecting sustained traction in capital markets. Net profit: ₹80.22 crore, down 20% y-o-y (₹100.31 crore), highlighting bottom-line pressure, despite growth in operations.
APL Apollo Tubes Q4FY25-26 revenue rose 13.8% y-o-y to ₹6,269.16 crore, while PAT climbed 20.9% y-o-y to ₹354.35 crore, reflecting steady top-line expansion and stronger earnings momentum.
Caplin Steriles Ltd (CSL), the wholly-owned arm of Caplin Point Laboratories has received final US FDA approval for its calcium gluconate injection across multiple vial formats, tapping into a US$71mn market, strengthening its US hospital generics portfolio.
Lupin secured US FDA approval for glycerol phenyl-butyrate oral liquid, bio-equivalent to Ravicti, tapping into a US$337mn urea cycle disorders (UCDs) market, reinforcing its US specialty generics presence. This approval underscores Lupin’s push into rare disease therapies, diversifying beyond mainstream generics into specialty segments with meaningful commercial potential.
South West Pinnacle FY25-26 revenue rose 35% y-o-y to ₹243 crore, while PAT more than doubled to ₹33 crore, indicating sharp profitability improvement.
Coforge Q4FY25-26 revenue rose 30% y-o-y to ₹4,450.4 crore, with net profit more than doubling to ₹612.3 crore; margins expanded sharply, driving earnings per share (EPS) growth of 134% y-o-y. Coforge FY25-26 revenue rose 29.2% y-o-y to US$1.87bn (billion), with PAT surging 82% to US$177.4mn; Q4 revenue grew 30% y-o-y to ₹4,450.4 crore, supported by AI-driven efficiencies and margin expansion plans reinforcing its leadership in mega-scale real estate construction.
Marico Q4FY25-26 revenue rose 22.1% y-o-y to ₹3,333 crore, while net profit grew 14% y-o-y to ₹391 crore.
Mahindra & Mahindra Q4FY25-26 revenue rose 25.3% y-o-y to ₹39,601 crore, with net profit up 53.4% y-o-y to ₹3,737 crore; margins expanded y-o-y but softened sequentially, reflecting sports utility vehicle (SUV)-led strength amid cost pressures.
Tata Chemicals Q4FY25-26 revenue fell 2% y-o-y, while net profit widened to a ₹279 crore loss, underscoring pressure from weak US export realisations, despite India volume gains.
CG Power and Industrial Solutions posted record FY25-26 results, with Q4 stand-alone sales at ₹3,129 crore (+22% y-o-y) and profit before tax (PBT) at ₹547 crore (+43% y-o-y). Full-year sales rose 21% to ₹11,331 crore, PBT up 34% to ₹1,793 crore and order backlog surged 59% to ₹15,719 crore, ensuring strong FY26-27 momentum.
Firstsource Solutions Q4FY25-26 revenue grew 19.5% y-o-y to ₹283 crore, while PAT rose 26.9% y-o-y to ₹205 crore, highlighting sustained operational momentum.
MRF Q4FY25-26 revenue grew 13.7% y-o-y to ₹8,044 crore, while net profit surged 37.6% y-o-y to ₹702 crore, underscoring strong demand momentum and improved operating leverage.
Bharat Forge Q4FY25-26 revenue rose 17.5% y-o-y to ₹4,528 crore, but net profit fell 17.4% y-o-y to ₹233.4 crore as higher exceptional losses of ₹98.7 crore vs ₹5.3 crore last year offset operating gains, highlighting resilience in top-line, yet earnings drag from one-offs.
Jyothy Labs Q4FY25-26 revenue grew 7.7% y-o-y to ₹717.4 crore, but net profit declined 12.3% y-o-y to ₹68 crore, showing top-line resilience offset by earnings contraction.
Wonderla Holidays’ Q4FY25-26 revenue surged 40.4% y-o-y to ₹135.85 crore, while PAT climbed 49.3% y-o-y to ₹16.42 crore, reflecting strong demand recovery and operational leverage.
eMudhra FY25-26 revenue rose 35.1% y-o-y to ₹713 crore, with PAT up 26.2% y-o-y to ₹110 crore; Q4 income grew 31.7% y-o-y to ₹196 crore, underscoring sustained demand momentum
and digital trust expansion.
Radico Khaitan Q4FY25-26 revenue rose 15.3% y-o-y to ₹1,503.71 crore, while net profit nearly doubled, up 94.9% y-o-y to ₹179.46 crore, reflecting strong operating leverage and margin expansion.
Craftsman Automation FY25-26 revenue grew 27.3% y-o-y to ₹2,226.4 crore, while net profit surged 74.4% y-o-y to ₹116.4 crore, reflecting strong demand momentum and improved operating leverage.
Blue Star FY25-26 revenue grew 3.6% y-o-y to ₹12,402 crore, with Q4 revenue up 1.3% y-o-y to ₹4,072 crore, but net profit fell to ₹527 crore from ₹591 crore, underscoring modest growth offset by profitability decline. The decline reflects soft demand and margin compression impacting performance.
Top gainers and losers of the major indices for the week are given in the table below:
