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Dilip Bhat said markets have recovered nearly 75% from recent lows, with only about 300–500 points of potential upside left on the NIFTY 50 before macro challenges take centre stage. He flagged a mixed outlook with hazy visibility, warning that Nifty EPS growth estimates of 11–13% remain vulnerable to downgrades amid subdued earnings and cautious management commentary. Bhat also highlighted continued FII selling, persistent rupee weakness, and lingering negative sentiment, suggesting investors remain cautious as the outlook beyond early FY27 quarters looks challenging.

Ambareesh Baliga highlighted strong growth prospects for Uno Minda, citing its diversified product portfolio across automotive components and increasing focus on EV-specific offerings such as sensors and controllers. He noted continued capex, including a ₹164 crore alloy wheel plant, alongside benefits from premiumisation and higher content per vehicle. With steady growth across segments and upcoming earnings likely to remain in line with Q3 trends, he expects around 15% revenue CAGR and 16% EBITDA CAGR over the next three years, valuing the stock with a target price of ₹1,392 based on FY28 estimates.

Mithun Aswath, Managing Partner, Kivah Advisors said that financials, particularly NBFCs, have delivered a steady earnings performance this quarter, with players like Bajaj Finance and Cholamandalam Investment and Finance Company reporting healthy numbers. Growth across smaller private sector banks has also remained resilient, with asset quality largely holding firm. Beyond financials, capital goods stocks—especially those linked to the power sector—have seen a strong rally in recent months, supported by robust order flows and sectoral momentum.

On the stock-specific front, Greenply Industries has posted solid results and guided for 15–20% top-line growth in FY27. While the MDF and plywood segment continues to face pressure, the company’s ability to manage raw material volatility and recent price hikes are expected to support performance. The stock may be considered on dips, given improving fundamentals and demand outlook.

Indian equity markets ended lower on April 30, with the NIFTY 50 slipping below the 24,050 mark and the SENSEX falling around 360 points amid widespread selling pressure. Weakness was seen across most sectors, barring Information Technology, which provided some cushion to the broader market. Among the major laggards, stocks like Tata Motors Passenger Vehicles, Hindalco Industries, Eternal, HUL, and Axis Bank weighed on sentiment, while Bajaj Auto, Sun Pharma, Infosys, Tech Mahindra, and Bajaj Finance managed to end in the green. S

Dr Lal PathLabs Q4

Net Profit down 15.2% At `₹131.3 Cr Vs `₹154.8 Cr (YoY)

Revenue down 16.6% At `₹702.7 Cr Vs `₹602.6 Cr (YoY)

EBITDA down 11% At `₹186.8 Cr Vs `₹169 Cr (YoY)

Margin At 26.6% Vs 28% (YoY)

Board Recommends Dividend Of `4/Sh

Jefferies has maintained a ‘Buy’ rating on Bajaj Finance with a target price of ₹1,210, citing a Q4 profit beat driven by lower credit costs and stronger fee income. The brokerage highlighted 22% AUM growth supporting NII expansion, continued improvement in credit quality with overlay provisions, and management guidance of 22–24% AUM growth along with slightly softer NIMs and declining credit costs. It also expects around 20% profit CAGR over FY26–FY29.

Shares of National Aluminium Co. (NALCO) fell 8% on Thursday, April 30, in response to their results for the March quarter.

Kajaria Ceramics shares fall 4% post earnings as its revenue grew 12%.

The NIFTY 50 index staged a sharp intraday recovery, bouncing back nearly 150 points from its day’s low.

Kajaria Ceramics Q4

Net Profit At ₹156 Cr Vs `43 Cr (YoY)

Revenue up 12% At `₹1,373 Cr Vs `1,222 Cr (YoY)

EBITDA up 90% At `₹263 Cr Vs `₹138.4 Cr (YoY)

Margins At 19.16% Vs 11.33% (YoY)

Federal Bank stated in a regulatory filing on April 30 that it has authorised the purchase of a specific portfolio of retail credit cards from Standard Chartered Bank, India, via a deed of assignment.

The shares of the aluminium maker nosedived after the company announced its results.

GoFashion reports its Q4 result

The shares of PCBL declined after the company reported its results.

The Nifty Midcap index has recovered from the lows, recovering 400 points from lows.

The Nifty Bank index has only marginally recovered from the lows.

The Nifty index is under pressure, recovering over 250 points from the lows.

The shares of Usha Martin have had a volatile day, and the stock looks to climb to the day’s high after reporting the Q4 results.

The shares of Cemindia Projects surged a massive 19% after strong Q4 results.

The shares of HFCL surged over 8% after the company reported positive results in Q4.

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