Key Stocks to Watch: Earnings Reports and Market Movements on April 29
Stocks to Watch today: Eternal, Ceat, Bandhan Bank, GRSE, Canara HSBC Life
Business Standard
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Indian equity indices are expected to start cautiously on April 29, influenced by mixed global cues. Key companies reporting earnings include Eternal, Bandhan Bank, and Ceat, with notable profit increases reported by these firms. Investors are also monitoring crude oil prices amid geopolitical developments.
- 01Indian equity indices likely to open cautiously amid mixed global cues.
- 02Eternal reported a 71% increase in Q4FY26 profit to ₹174 crore.
- 03Bandhan Bank's Q4FY26 net profit rose 68% to ₹534.1 crore.
- 04Ceat's net profit surged 146% to ₹244 crore in Q4FY26.
- 05Crude oil prices remain elevated as investors watch US-Iran peace talks.
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On April 29, Indian equity benchmark indices, the Sensex and Nifty, are anticipated to open cautiously due to mixed signals from global markets. As of 7:35 AM, GIFT Nifty futures were up by 40.5 points at 24,107.5. Asian markets displayed varied performance, with Japan's Nikkei 225 down by 1% and Hong Kong's Hang Seng rising by 1.23%. Investors are particularly focused on crude oil prices, which remain elevated, with Brent crude at $111.47 per barrel and US West Texas Intermediate (WTI) at $100.11. Several companies are set to release their quarterly earnings, including Eternal, which reported a 71% year-on-year increase in profit to ₹174 crore and a 196% rise in revenue to ₹17,292 crore. Bandhan Bank also saw a significant profit increase of 68% to ₹534.1 crore in Q4FY26, while Ceat's net profit surged 146% to ₹244 crore. Other notable earnings reports include Garden Reach Shipbuilders & Engineers and Star Health & Allied Insurance Company, both showing positive growth. Additionally, BHEL has signed a licensing agreement with the DRDO to enhance its defense capabilities.
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The performance of these companies could influence market sentiment and investment decisions, potentially affecting stock prices and investor confidence.
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