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Indian equity markets traded in a tight range today, with the benchmark Sensex and Nifty showing minimal change. Beneath the surface, however, a flurry of stock-specific action unfolded, largely dictated by March quarter earnings reports.
Paytm's Turnaround
One 97 Communications, the parent company of the Paytm payments platform, saw its shares surge approximately 6.2% by midday. This jump followed the company's announcement of its Q4FY26 results, revealing a significant turnaround from a substantial loss in the prior year to a consolidated net profit of ₹184 crore. Revenue from operations climbed 18.4% year-on-year to ₹2,264 crore.
Bajaj Auto Hits New Highs
Bajaj Auto's stock climbed nearly 3.6%, touching a 52-week high of ₹10,740. The company reported its highest-ever quarterly profit after tax at ₹2,746 crore for Q4FY26, a 34% increase from the previous year. Total vehicle sales rose 24% to 13.71 lakh units. The board also approved a ₹150 per share dividend and a substantial share buyback program.
CG Power's Momentum Continues
CG Power and Industrial Solutions experienced a surge of about 4.4%. Its Q4FY26 consolidated net profit grew 34% year-on-year to ₹365 crore, with revenue from operations up 25% to ₹3,442 crore. Order intake for FY26 increased by 30%, and the unexecuted order backlog expanded by 59%.
Meesho Narrows Losses
Meesho's share price gained approximately 4% after reporting Q4FY26 earnings. Revenue rose 47.1% to ₹3,531 crore, while the net loss narrowed sharply by 88% to ₹166 crore, a significant improvement from the prior year and the preceding quarter.
United Breweries Mixed Results
United Breweries traded marginally higher after touching a 52-week low. While net profit rose 4.31% to ₹101.78 crore, revenue from operations declined 0.4% to ₹4,408.41 crore. The company noted strong traction in premium brands, contributing to a 4.1% overall volume increase.
Other Notable Movers
Blue Star's shares declined about 3% despite a 17.25% rise in net profit. Coforge, conversely, saw its stock move into positive territory following strong Q4 results, supported by operational growth and a tax benefit. Vodafone Idea's stock experienced volatility, eventually trading marginally down, following the appointment of Kumar Mangalam Birla as non-executive chairman. Hero MotoCorp gained around 5% on reporting strong Q4 earnings, with net profit up 29.6% and revenue rising 29% year-on-year.