Stocks in Focus Today: IndusInd Bank, Bajaj Finance, BPCL Among Key Movers

The Indian equity markets are set to see a negative start today, April 30, buoyed by weak global cues. The GIFT Nifty traded in red, indicating a weak start for the equity markets. On Tuesday, April 29, Nifty closed at 24,335.95, up 7.45 points (0.03%), while Sensex soared by 70.01 points (0.09%) to close at 80,288.38. Though concerns over border tensions dampened investor sentiments, FPI inflows are expected to be in positive trajectory. Today, investors will be keeping a close watch on stock-based actions, which include release of quarterly earnings, leadership transitions, and strategic corporate disclosures.

Stocks in focus

IndusInd Bank

Investors are keeping a close watch on the shares of IndusInd bank. This comes after the sudden resignation of CEO, Sumant Kathpalia, on grounds of “moral responsibility” due to suspected irregularities in the bank's derivatives book. The RBI has allowed a group of senior managers to discharge the role of CEO for the time being.

Bajaj Finance

Bajaj Finance reported a standalone net profit of ₹3,940 crore for the March quarter, while quoting a consolidated net profit at ₹4,546 crore. Net interest income surged by 22% to ₹9,807 crore. Total revenue in the reported quarter came at ₹15,808 crore. The board has also recommended a dividend of ₹44 per share.

Bajaj Finserv

Bajaj Finserv reported a consolidated net profit of ₹2,416.6 crore in Q4FY25, up 14% YoY. Revenue soared by 14.2% at ₹36,595 crore amid expansion in insurance and lending segments. The board has declared a dividend of ₹1 per share

Bharat Petroleum

Bharat Petroleum posted a net profit of ₹3,214 crore in Q4FY25 on the back of improvement in refining margins and operational efficiencies. However, on a QoQ basis profit fell by 31% from the December quarter. The fall can be attributed to losses on sale of subsidised domestic cooking gas LPG and reduced refining margins.