Stocks in news: Adani Enterprises, Tata Motors PV, Tata Steel, Jio Financial, ITC Hotels

Markets traded with a positive bias on Thursday, extending the rebound for the second consecutive session amid supportive global cues and selective buying in heavyweight counters. Technically, the Nifty is witnessing a relief rebound after the recent slide, with the recovery in banking majors playing a crucial role, while IT stocks continued to remain under pressure. Going forward, analysts say the earlier support zone of 23,800-23,900, which coincides with the lower band of the previous consolidation range and the 20-DEMA, may now act as a key resistance hurdle.

In today's trade, shares of Adani Enterprises, Tata Motors PV, Tata Steel, Jio Financial, ITC Hotels among others will be in focus due to various news developments.

Power Grid, Tata Steel, SAIL, Hindustan Copper, Cochin Shipyard, Premier Energies, Godfrey Phillips, ITC Hotels

Shares of Power Grid, Tata Steel, SAIL, Hindustan Copper, Cochin Shipyard, Premier Energies, Godfrey Phillips and ITC Hotels will be in focus as the companies will announce their fourth quarter results.

Adani Enterprises
Adani Enterprises saw nearly 58.9 lakh shares worth around Rs 1,435 crore change hands in a large block deal involving marquee investor GQG Partners and SBI Mutual Fund. Exchange data showed GQG Partners Emerging Markets Equity Fund sold 58.92 lakh shares of Adani Enterprises at a price of Rs 2,435.6 apiece.

Tata Motors PV
Tata Motors Passenger Vehicles (TMPV) on Thursday reported a 32% year-on-year (YoY) decline in its consolidated net profit at Rs 5,783 crore. The company's board has recommended a final dividend of Rs 3 per share for the financial year ended March 2026.

Bharti Airtel
Bharti Airtel plans to set up 56 edge data centres over the next 18-24 months as part of its plan to scale up business in the segment, a top company official said on Thursday.

DLF
India's biggest realty firm DLF is targeting Rs 20,000 crore worth of sales bookings this fiscal, same as 2025-26, on a strong launch pipeline of residential project across Gurugram, Mumbai, and Goa, its Managing Director Ashok Kumar Tyagi said on Thursday.

Ola Electric
Ola Electric is in talks with several global and domestic automakers to supply lithium-ion cells and battery packs from its Krishnagiri gigafactory, PTI reported, as the company looks to expand beyond captive demand for its electric scooters.

Alembic Pharma
Alembic Pharmaceuticals Ltd on Thursday said it has received tentative approval from the US health regulator for its generic version of Darolutamide tablets indicated for treatment of prostate cancer.

JSW Steel
Metal major JSW Steel reported an 11-fold jump in its consolidated net profit to Rs 16,370 crore for the March quarter compared to Rs 1,503 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the company.

Jio Financial
Mukesh Ambani-promoted Jio Financial Services witnessed a block deal on Thursday in which Goldman Sachs sold over 26.75 lakh shares worth Rs 62 crore. The buyer in the deal was Morgan Stanley. Goldman sold these shares through its affiliate Goldman Sachs Bank Europe SE-ODI at a price of Rs 231.45 apiece. The stock ended today at Rs 234.20 on the BSE, up by Rs 2.60 or 1.12% over Wednesday's closing price.

Hudco
Housing and Urban Development Corporation (Hudco) reported a sharp rise in fourth-quarter profit, supported by strong growth in interest income and a large deferred tax gain. The state-run housing and infrastructure financing company posted consolidated net profit of Rs 1,981 crore for Q4, compared with Rs 728 crore in the corresponding quarter last year, registering growth of 172%.