Indian #Stocks to Watch: April 13, 2026
🔹 TCS (Tata Consultancy Services): ed a 12% YoY rise in net profit to ₹13,718 crore and declared a final dividend of ₹31 per share.
🔹 JUSTDIAL (Just Dial): Scheduled to announce Q4 and FY26 financial results today; monitoring
*Stocks in News*
*Garware hi-tech films:* Company launches new product line including graphic films, cloaking films & PDLC smart films for branding, privacy and intelligent glass solutions. (Positive)
*Heranba industries:* Company targets Rs 2,500 crore revenue this FY, from crop protection and crop nutrition segments; launches “FENTAAMINE” and “MYCOHIL” (Positive)
*Astrazeneca pharma:* Company bags CDSCO nod for calquence(acalabrutinib) additional indication, new approval covers treatment of previously untreated CLL/SLL in India (Positive)
*Lupin:* Company launches Dapagliflozin tablets in USA. (Positive)
*Embassy Developments:* Pre-sales at ₹2,632 cr, up 89% QoQ; FY26 pre-sales at ₹4,631 cr, up 128% YoY – this is the update on collections. (Positive)
*Adani Green:* Operational capacity up 35% YoY to 19.3 GW (Positive)
*Sammaan Capital:* CRISIL upgrades Sammaan Capital to AA+; reaffirms A1+ rating. (Positive)
*Seamec:* Company announced that its vessel, SEAMEC DIAMOND, has resumed its contract with ONGC effective April 10, 2026 (Positive)
*GHV Infra Projects:* Apco Infratech awards Rs. 1,250 cr EPC contract for development of expressway connectors from Jalna to Nanded, Maharashtra (Positive)
*Texmaco Rail:* Hindalco awards Rs. 23.57 cr order for supply of one BTAP Rake and one Break Van (Positive)
*Adani Energy:* Smart meter installation guidance, reaching over 1 crore installations with a significant order book of 2.46 Cr meters. (Positive)
*Coforge:* Company has received in-principle approval from stock exchanges for a preferential issue. The company will allot 9,37,96,508 equity shares of ₹2 each at ₹1,815.91 per share. (Positive)
*Eco Hotels:* Company has signed of a term sheet for a new greenfield hotel project in Dombivli. (Positive)
*Torrent Pharma:* The US FDA inspected the company’s Gujarat unit from April 6-10 and concluded with zero observations. (Positive)
*Ather/ TVS Motors:* Only electric 2-wheelers to be registered in Delhi post-2028, proposes Delhi govt (Positive)
*Shriram Finance:* Company received listing approval from the NSE and BSE for 47 crore MUFG shares, which will list on April 13 and remain under lock-in until October 13, 2026. (Positive)
*Avenue Supermarts:* Company has allotted Commercial Paper worth ₹500 Cr, maturing on June 29, 2026. (Neutral)
*Senco Gold:* Company announces the resignation of Mr. Dhaval Jeetendra Raja, Chief Sales & Business Officer (Neutral)
*Carborundum Universal:* Company is set to enhance its green energy consumption by acquiring a 29.58% equity stake in Putrim Renewables (Neutral)
*M&M:* Company divests 99.04% stake in Erkunt foundry (Turkey) to Hisarlar Makina for try 1,00,000, Rs 256 crore infused to extinguish debt pre-closure, exit aligns with capital allocation framework. March Total Production at 1.03 lakh Units (+13.2% YoY) (Neutral)
*Vakrangee:* Company ties up with Indiafirst life insurance to offer life insurance products via Vakrangee Kendra network, focus on expanding coverage in underserved regions. (Neutral)
*UltraTech:* Company gets CARE AAA (Outlook: Stable) & A1+ ratings reaffirmed for ₹14,700 cr long & short-term bank facilities. (Neutral)
*Sun pharmaceutical:* Company Responds to rumors regarding $12 billion organon deal; clarifies information is speculative and no material event requires disclosure. (Neutral)
*Mahanagar Gas:* Company appoints Praveer K Srivastava as MD for 5 years w.e.f. April 30. (Neutral)
*Larsen and Toubro:* Company’s arm to acquire 100% stake in International Green Scapes for ₹1,123 Cr. (Neutral)
*Laxmi Organic:* Mahadeo Karnik resigns as CFO w.e.f April 13, 2026 (Neutral)
*Swiggy:* Lakshmi Nandan Reddy resigns as whole-time director w.e.f. April 10 (Neutral)
*Jindal Poly Films:* Company withdraws NOC request for demerger of non-woven fabrics ops. (Neutral)
*Muthoot Finance:* Company declares interim dividend of ₹30/share for FY25-26. (Neutral)
*SJVN:* Company appoints Parthajit De as CFO of the company w.e.f. April 10. (Neutral)
*IFB Industries:* Company has appointed Sandeep Joseph Abraham as Managing Director and CEO for a five-year term. (Neutral)
*Ambuja Cements:* Company announces the effective date of the Scheme of Arrangement with Penna Cement Industries Ltd as April 10, 2026. (Neutral)
*Blue Dart Express:* Company reported a low severity IT security incident within its parent group. (Neutral)
*Genus Power:* Company announced the allotment of 5,07,76,631 equity shares of ₹2 face value each in its resulting company (Neutral)
*L&T:* Company’s realty arm acquired a 100% stake in Intl Green Spaces for Rs. 1,123 crore. (Neutral)
*Gujarat State Petronet:* Company received a rectified income-tax order, which cut its assessed income to Rs. 1,435 crore from Rs. 1,683 crore. (Neutral)
List of stocks included in the short term ASM Framework: Gujarat Alkalies, Ola Electric. (Neutral)
List of stocks excluded from ASM Framework: RPSG Ventures. (Neutral)
Circuit filter change from 10% to 20%: Prime Focus (Neutral)
Circuit filter change from 10% to 5%: Sterlite Tech. (Neutral)
Circuit filter change from 20% to 10%: ITDC, Ola Electric (Neutral)
*Oil Refining stocks:* Export duty on diesel increased from Rs 21.5 per litre to Rs 55.5 per litre (Negative)
Stock in Action:
Tata Consultancy Services: TCS delivered a steady performance in Q4 FY26, reflecting resilient demand and continued strength in large deal execution despite macro uncertainties. Revenue grew by 10% YoY to Rs 70,698 crores supported by broad growth across key verticals and geographies. EBITDA rose by 11% YoY to Rs 19,800 crores with margins remaining stable at 28.0%, reflecting strong cost discipline, operating leverage, and efficient execution. Profit after tax (PAT) rose by 12% YoY to Rs 13,718 crores indicating stable margins and strong operational discipline. Operationally the company reported a robust order inflow with total contract value (TCV) at $12 billion, highlighting strong deal wins and healthy pipeline visibility. AI-led and digital transformation services continued to gain traction, positioning TCS well for long-term growth. While North America showed signs of gradual recovery, demand remained mixed across segments due to global macro headwinds.Positive on the stock given strong cash flows and consistent dividend payouts underscore balance sheet strength along with strong deal pipeline, resilient margins, solid execution, and improving medium-term demand outlook driven by large deals and AI-led transformation.
Eicher Motors: Eicher Motors reported a strong operational performance in Q4 FY26 majorly driven by robust demand for its flagship Royal Enfield portfolio. Total motorcycle sales for March 2026 grew by 11% YoY to 1.12 lakh units reflecting healthy momentum across domestic markets. For FY26 volumes surged by 23% YoY to a record 12.39 lakh units marking the second consecutive year of crossing the 1 million milestone. Domestic sales remained the key growth driver rising by 23% YoY to 11.07 lakh units while exports also grew by 23% YoY to 1.31 lakh units indicating strong global traction despite some monthly volatility. Operational growth was supported by a strong product pipeline expanding global presence across 80+ countries, and ongoing capacity expansion at the Cheyyar facility to 20 lakh units annually. Positive on the stock given record volume growth, strong domestic demand, improving export traction, and capacity expansion supporting sustained medium-term growth visibility.
MINING & CRITICAL MINERALS – Industry Update:
• Govt pushing ‘waste-to-wealth’ strategy to extract value from mining waste (red mud, tailings, fly ash)
• Focus on critical minerals recovery amid rising resource constraints
• Minerals like gallium & cadmium already in production; work underway on tantalum extraction
• Exploring technology collaboration with Russia to improve recovery efficiency
• Policy push to monetise legacy mining waste, including potential framework for gold tailings
• Regulatory reforms underway:
Amendments to MCR rules
Faster transition from exploration → mining
Easier approvals to accelerate production
• Target minerals for quicker operationalisation:
Feldspar
Mica
Quartz
• Key challenges:
High capex requirements
Uncertain commercial viability limiting private participation
• Strategic objectives:
Reduce import dependence
Strengthen domestic mineral supply chain
• Outlook: Waste recovery + policy reforms to unlock new mineral sources & boost production
Impact: 🟢 Positive — long-term supply security improves, but execution & economics remain key challenges
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