Share Market News

Coforge completed Encora’s $2.5 billion acquisition, secured a $550 million loan at 4.6%, issued shares to sellers, and will consolidate Encora from May 2026 with expected cost synergies.

UTI Asset Management Company reported Q4 FY26 results. Reports a loss at ₹66.7 crore, revenue and EBITDA sharply lower. AUM increased 14% to ₹3.88 lakh crore.

Atul Auto signed a ₹490.50 crore deal with Exponent Energy to make 15,000 electric three-wheelers over three years. Shares jumped nearly 7% on 24 April.

PlaySimple Games has filed for a ₹3,150 crore initial public offering, entirely an offer for sale by parent Modern Times Group. Revenue grew 20% in FY25 but net profit fell 31%.

24 April 2026 saw markets extend their decline. Weakness continued, with geopolitical uncertainty and rising volatility weighing on sentiment through the session.

Finance Minister Nirmala Sitharaman said IDBI Bank’s stake sale will continue despite valuation concerns. The announcement lifted the bank’s shares by almost 8% intraday.

Larsen & Toubro launched industrial electronics vertical LTEPS, commissioning two manufacturing lines in Coimbatore. The unit targets power electronics, robotics, mobility and communications for Indian and global customers.

After strong IPO debuts, Tata Technologies and Bajaj Housing Finance have dropped close to 50% from their peak levels. The initial excitement has not held up.

IT stocks fell sharply in early trade as Infosys guided modest FY27 growth. Shares of Infosys, TCS and HCL Technologies tumbled significantly amid cautious investor sentiment.

Himadri Speciality Chemical shares jumped nearly 13% in early trade after reporting a 29% rise in Q4 net profit to ₹201 crore, with revenue growth and a dividend announcement supporting investor sentiment.

Pharma stocks rose on Wednesday despite a weak market. They were led by Dr Reddy’s 9.4% jump on Semaglutide approval hopes in Canada, lifting peers and value chain stocks.

The US has imposed duties of up to 123% on solar imports from India. This move could affect about $4.5 billion worth of trade. Waaree shares fell 4%. Vikram Solar also slipped. Meanwhile, Premier Energies moved higher.