Market signals suggest that the downward trend may continue on Thursday. The Gift Nifty indicates a negative start for the day. The index is currently trading 157 points lower at 24,211, compared to its previous close of 24,364. This hints at continued cautious sentiment among investors.

Stocks to Watch Today (April 23)

Several stocks are expected to remain in focus due to earnings announcements, business updates, and key developments.

Infosys, Adani Green Solutions, Tata Capital, Union Bank of India

Shares of these companies will attract attention as they are set to announce their Q4 results for 2026. Investor sentiment will depend on their earnings performance and outlook.

Trent

Retail company Trent reported strong growth in the March quarter. Its consolidated net profit rose 26% year-on-year to ₹400 crore, compared to ₹318 crore in the same period last year.

Jio Financial Services

Jio Financial Services has entered into a binding agreement with Allianz Group to form a 50:50 joint venture. This partnership will focus on general and health insurance, marking their entry into India's insurance sector. The collaboration was first announced in July 2025.

Cyient

Cyient's board will review share buyback and dividend proposals along with its earnings results. Due to multiple announcements, the stock may witness volatility.

L&T Technology Services

The company will be closely watched after its Q4 results. Its performance has been mixed, with revenue and profit missing expectations, although margins improved slightly. Future deal wins and margin trends will influence investor reaction.

Tata Communications

Tata Communications reported weak profitability. Its net profit fell sharply by 74.7% year-on-year to ₹263 crore. On a quarterly basis, profit declined 27.9%. However, revenue increased by 9.4% YoY to ₹6,554 crore and rose 5.9% sequentially.

Delta Corp

Investors will track Delta Corp's Q4 results to understand trends in the gaming and hospitality sectors.

Oracle Financial Services

The company's earnings announcement will be important for overall sentiment in banking technology stocks.

Bharat Electronics Limited (BEL)

BEL secured new defence orders worth ₹569 crore. These include avionics, electronic warfare systems, and laser-based technologies, strengthening its order book for the future.

Lemon Tree Hotels

The company has signed two new hotel properties in Raipur and Jalandhar. This expansion will add 138 rooms. Both properties will be operated under Carnation Hotels.

VA Tech Wabag

VA Tech Wabag has created a new wholly-owned subsidiary focused on wastewater treatment. This move supports its expansion in North Chennai's water infrastructure sector.

Alembic Pharma

The company has launched a new subsidiary in the Philippines to expand its global pharmaceutical distribution network.

Eveready Industries

Eveready has started operations at its new alkaline battery plant in Jammu. The project involves an investment of around ₹200 crore and has an annual production capacity of 456 million batteries. It is also India's first operational alkaline battery manufacturing facility.

SBI Life Insurance

SBI Life reported a slight decline in profit. Its standalone net profit stood at ₹805 crore in Q4, down about 1% compared to last year.

Tata Communications

The company posted a weak quarter, with net profit falling significantly to ₹263.25 crore from ₹1,040.5 crore a year ago.

L&T Technology Services

The company delivered mixed results, missing revenue and profit estimates but showing some improvement in margins.

Hindustan Copper

State-owned Hindustan Copper has planned a capital expenditure of ₹7,188.90 crore over the next five years. This investment will be used to expand its mining operations and increase production capacity.

Market Outlook

Overall, the market remains under pressure due to weak global cues and cautious investor sentiment. With several major companies announcing results and key business updates, stock-specific action is expected to remain high.

Disclaimer: This content is for informational purposes only and not financial advice; please consult a professional before making investment decisions.