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Indian shares went into a tailspin on Tuesday, starting the new financial year on a losing note. The equity indices are likely to maintain their cautious stance on April 2 in what is being dubbed as 'Liberation Day' by US President Donald Trump for rollout of reciprocal tariffs. With the new financial year underway, focus will remain on auto sales numbers, corporate developments, regulatory approvals, and key management changes. Additionally, movement in crude oil prices, bond yields, and institutional flows will influence market sentiment. Here are the top stocks likely to be in focus:
By Ajay Vaishnav April 1, 2025, 10:42:07 PM IST (Published)
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Jana Small Finance Bank: Sudhir Madhavan has resigned as the Head of Microfinance & Gold Loan Business (RFS) at Jana SFB, effective April 30, 2025. Executive Director K.S. Raman will take over as RFS of the bank starting May 1, 2025.
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Pidilite Industries: The Fevicol maker has appointed Sudhanshu Vats as managing director, effective April 10, 2025. He currently serves as the managing director designate of the company. Additionally, Kavinder Singh has been named Joint Managing Director, also effective April 10, 2025. He is presently the joint managing director designate.
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Tata Motors: The Tata Group auto firm reported flat domestic sales of 90,500 units in March 2025 compared to 90,822 units in March 2024. While passenger vehicle (PV) sales, including electric vehicles (EVs), increased 3% to 51,872 units, commercial vehicle (CV) sales declined 3% to 41,122 units.
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Dabur India: The fast-moving consumer goods (FMCG) firm has disclosed that it received an income tax re-assessment order demanding ₹110.33 crore for the financial year 2017-18. The company maintains that part of the demand is due to an inadvertent error, as income already included in the original assessment for assessment year (AY) 2018-19 has been factored in again. Furthermore, ₹36.77 crore of the demand was raised without proper discussion in the order.
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Swiggy: The online food delivery giant has received an income tax order demanding ₹158.25 crore for the assessment year 2021-22. The order, issued by the Deputy Commissioner of Income-tax, Central Circle–1(1), Bangalore, alleges discrepancies related to cancellation charges paid to merchants and interest income on tax refunds.
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Hindalco Industries: The company has laid out a multi-pronged growth strategy with a sharp focus on sustainability, recycling, and capital investment. At its Investor Day 2025, the company detailed plans to quadruple its recycling capacity by FY30 while advancing aluminium as a circular material with 75% recycled content.
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Coal India: The Maharatna firm will increase coal prices by ₹10 per ton for both coking and non-coking coal, effective April 16, 2025. The notified price of non-coking coal will be raised from ₹10 per ton to ₹20 per ton, while the notified price of coking coal will be set at ₹10 per ton.
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Shriram Finance: The non-banking financial company (NBFC) has received approval from the Reserve Bank of India (RBI) to acquire a 100% stake in Shriram Overseas Investments from Shriram Investments Holdings. Additionally, the RBI has approved the appointment of Executive Vice Chairman Umesh Revankar and Managing Director & CFO Parag Sharma as Directors on the board of Shriram Overseas Investments.
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KEC : The company has received new orders of ₹1236 crore across various businesses. "With these orders, our total order intake for FY25 stands at a record level of ~₹24,600 crores, a robust growth of 36% vis-à-vis last year,” said Vimal Kejriwal, MD & CEO, KEC Ltd, in a filing.
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SBI Cards and Payment Services: The credit card company has announced the appointment of Salila Pande as managing director and chief executive officer.
