02-Apr-2026      07:43

Stock Alert: Hero Motocorp, NMDC, Wipro, Indian Bank, Tilaknagar Inds, IOCL

New Listing:

Sai Parenteral's will make its debut on the stock market today. The issue was subscribed 1.05 times. The issue had opened for bidding on 24 March 2026 and it closed on 27 March 2026.

Amir Chand Jagdish Kumar (Exports) will also list on stock exchanges today. The IPO was subscribed 3.23 times. The issue had opened for bidding on 24 March 2026 and concluded on 27 March 2026.

Powerica is set to enter the bourses today. The IPO was subscribed 1.45 times. The issue had opened for bidding on 24 March 2026 and it closed on 27 March 2026.

Stocks in Spotlight:

Hero Motorcorp dispatched 598,198 units in March 2026, registering the growth of 8.84% compared with 549,604 units dispatched in March 2025. The company's Global Business recorded highest ever dispatches with growth of around 16% in March 2026 with 45,693 units, compared to 39,518 units during the same period last year.

Wipro has appointed Nagendra Bandaru as CEO of its new AI-native business unit, aimed at scaling enterprise AI offerings, alongside key leadership changes across its technology services and global markets.

Indian Bank's total deposits jumped 12.6% to Rs 8.30 lakh crore in March 2026 compared with Rs 7.91 lakh crore in March 2025. Total business stood at Rs 14.98 crore, up 13.1% YoY in March 2026.

NMDC reported a 50.7% YoY jump in total production to 5.35 million tonnes in March 2026. Total sales increased 40.14% YoY to 5.90 million tonnes in March 2026.

Lupin's wholly owned subsidiary, Nanomi B.V., the Netherlands entered into definitive agreements to acquire 43.38% stake from certain existing shareholders of Multicare Pharmaceuticals Philippines, Inc. (MPPI), a subsidiary of Nanomi for total consideration of $39.6 million.

Tilaknagar Industries said that its flagship brand, Mansion House Brandy (MHB), surpassing 10 million cases in sales in FY26, up from 8.7 million cases in FY25. This achievement has been driven by the strong performance of the entire Mansion House portfolio, including Mansion House French Brandy, Mansion House Reserve and Mansion House 'Flandy' (Flavoured Brandy).

Indian Oil Corporation's consolidated sales volume of petroleum products increased 4% to 104.4 MT compared with 100.3 MT recorded in the same period last year.

News source: Capital Market - Live News