On Wednesday, 2,337 stocks advanced, 1,871 declined and 169 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.24 indicating a positive closing. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, securities 58 advanced and closed at a new 52-week high whereas 53 securities sank to close at their new 52-week lows. Nifty Metal, Nifty India Defence and Nifty Infrastructure were among the biggest loser. Nifty IT, Nifty Auto and Nifty PSU Bank were among the biggest gainer.
KEI Industries (-1.55%) announced the conclusion of Income Tax Department search and seizure operations that began on 7 May 2026 and ended late on 12 May 2026. The proceedings covered the company’s registered office, multiple manufacturing plants, and residences of its promoter and certain executives.
Black Box (-0.51%) completed the acquisition of 100% stake in 2S Inovações Tecnológicas, a leading Brazilian solutions integrator. The deal was executed through Black Box do Brasil Indústria e Comércio Ltda., a step‑down subsidiary, strengthening the company’s footprint in Latin America.
Ceigall India (-0.46%) (CIL) has been awarded a ₹250 crore contract by Punjab State Power Corporation Ltd (PSPCL) to set up a 100 MW Standalone Battery Energy Storage System (BESS) under a Tariff Based Global Competitive Bidding process. The project will operate under a 12 year Battery Energy Storage Purchase Agreement (BESPA), with a tariff fixed at ₹3,44,000 per MW per month. Execution is expected to be completed within 18 months, followed by the long term operational period commencing from commissioning.
Delhi High Court has reaffirmed its January 19, 2026 order against SpiceJet (+0.71%) in the long running dispute with former promoter Kalanithi Maran and KAL Airways. On 4 May 2026, Justice Subramonium Prasad dismissed review petitions filed by SpiceJet and promoter Ajay Singh, directing them to deposit ₹144.51 crore with the court registry after adjusting for ₹50 crore already deposited. The Court also imposed a ₹50,000 cost on SpiceJet and Singh, underscoring judicial intolerance for repeated review attempts in admitted liability cases. The liability stems from an earlier determination of approximately ₹194.5 crore, linked to contractual obligations between SpiceJet and its former promoter.
Cipla (+2.73%) closed FY26 with annual revenue of ₹28,163 crore. Its One India business expanded 15% y-o-y, driven by robust performances across Branded Prescription, Trade Generics, and Consumer Health segments. In the North American market, Cipla recorded quarterly revenue of US$155 million, supported by demand in its differentiated portfolio and a resilient base business.
Max Healthcare Institute (+0.83%) initiated a re‑classification request to move Radiant Life Care Hospital Foundation (RLCHF) from the Promoter Group to the Public category. This follows the sale of the entire equity stake held by Mr. Abhay Soi and Radiant Life Care Pvt Ltd in RLCHF, meaning RLCHF no longer qualifies as a promoter entity under SEBI regulations.
Jyoti Structures (+4.12%) secured a ₹67.96 crore contract for the Mullikulam Wind Power Transmission Project in Sri Lanka, marking a notable international win. The project, awarded by National Transmission Network Service Provider (Private) Ltd, will be executed in joint venture with Fentons. Scope includes constructing a 28 km, 220 kV double circuit transmission line from Mannar GS to Mullikulam Collector Grid Substation, with completion targeted in 18 months.
Embassy Developments (+7.79%) secured a favourable ruling from the Karnataka High Court in a dispute involving its subsidiary Embassy East Business Park Ltd (EEBPL). The court allowed EEBPL to retain possession of ~78 acres of land at Kadugodi Industrial Area, Bengaluru Urban District. This decision quashes the earlier KIADB order that had directed resumption of the land. While the formal signed copy of the order is awaited, Embassy has disclosed the pronouncement, emphasizing its commitment to governance standards and timely stakeholder communication.
Bajel Projects (+1.38%) secured a major order under the Bellary–Davanagere RE evacuation scheme, awarded by PowerGrid Corporation of India Ltd on behalf of Bellary Davanagere Power Transmission Ltd. The scope involves constructing ~70 km of 400 kV (Quad) double circuit transmission line, linking Bellary Substation to Davanagere Substation. This infrastructure is pivotal for evacuating 3 GW of renewable capacity (0.25 GW at Davanagere and 2.75 GW at Bellary) into the national grid.
Paras Defence and Space Technologies (-0.82%) delivered a strong Q4 FY26, with consolidated net profit rising 75% y‑o‑y to ₹38.88 crore, compared to ₹20.83 crore in Q4 FY25. Revenue from operations also surged 58.3% y‑o‑y to ₹171.31 crore, versus ₹108.23 crore last year.
Man Infraconstruction (-1.93%) reported a weak Q4 FY26, with revenue from operations falling 50.5% y o y to ₹145.52 crore, compared to ₹293.80 crore in Q4 FY25. Net profit also declined 44.2% y o y to ₹42.83 crore, versus ₹76.93 crore last year.
Sakar Healthcare (+5.23%) reported a robust FY26 performance, with Q4 revenue reaching ₹7,109.70 lakhs. For the full year, revenue from operations stood at ₹25,173.60 lakhs, marking a 42% y‑o‑y increase.
Texmaco Rail & Engineering (+13.71%) reported a steady Q4 FY26, with revenue from operations at ₹1,167 crore. EBITDA came in at ₹116 crore, maintaining a margin of 10.0%, while PAT stood at ₹58 crore, reflecting a 5.0% margin.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
Schaeffler India Expands Automotive and Export Footprint
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Moneylife Digital Team
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Moneylife Digital Team
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Voltamp Transformers Limited (Voltamp), headquartered in Vadodara, is a leading manufacturer of power and distribution transformers with a legacy of nearly 60 years and more than 80,000 installations across India and overseas. The...
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Moneylife Digital Team
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Indegene Limited (Indegene) is a digital-focused commercialisation services-provider to the life sciences industry, working with bio-pharmaceuticals, biotech and medical devices companies. Its mandate spans analytics, technology and...
