Greenply Industries Surges on Strong Q4; Profit Jumps 86% YoY | Brent Crude Extends Rally; Tops $114 per Barrel – Paper by Pocketful

Apr 29, 2026

Bandhan Bank (+11.00%): Stock rallied sharply after strong Q4 results; net profit surged 68% YoY to ₹534.1 crore, while provisions fell 46.3%. NII rose 1.4% to ₹2,795.6 crore, and asset quality improved with GNPA at 3.27% and NNPA at 0.97%.
Garden Reach Shipbuilders & Engineers (+6.87%): Stock advanced after strong Q4 results; profit grew 24.1% YoY to ₹303.2 crore, while revenue surged 29% to ₹2,119.2 crore, indicating robust execution and order momentum.
Greenply Industries (+11.73%): Stock advanced after strong Q4 results; net profit surged 86.4% YoY to ₹30.72 crore, while revenue grew 19.6% to ₹776.24 crore, marking its highest-ever consolidated revenue. Plywood segment rose 14.6%, and MDF business jumped 39.6%, driving overall growth.
CEAT (+3.08%): Stock rose after strong Q4 results; net profit surged 145.1% YoY to ₹243.85 crore, while revenue grew 23.3% to ₹4,218.9 crore, reflecting robust demand and margin expansion.

FMCG | Nifty FMCG (+1.75%): Index gains led by 11 gainers against 4 losers; broad-based buying supported the rally, reflecting steady demand and defensive sector strength, keeping overall sentiment positive.
Realty | Nifty Realty (+1.48%): Index advanced led by Lodha Developers, The Phoenix Mills, and Godrej Properties; gains were driven by strong housing demand, improved sales momentum, and positive outlook on interest rates, boosting overall sector sentiment.
Media | Nifty Media (-0.49%): Index fell with 2 gainers against 7 losers; broad-based selling and weak advertising demand weighed on the sector, keeping overall sentiment subdued.
PSU Bank | Nifty PSU Bank: Index declined after two-day rally with 5 gainers and 10 losers; profit booking, rising yields, and margin pressure weighed sentiment.

Technical Level: Nifty opened with a minor gap-up and rallied in the first session, forming support near 24,060; in the second half, it faced resistance around 24,330, slipped lower, but still closed overall in positive territory.
Advance-Decline Ratio: Market breadth remained slightly negative, with advances at 1,625 and declines at 1,666, indicating mild selling pressure across the broader market.
The Big Picture: Oil prices extended their multi-day rally, with Brent rising above $114 per barrel, driven by escalating Middle East tensions, Trump’s renewed threats on Iran, and concerns over supply disruptions via the Strait of Hormuz, while UAE’s OPEC exit added uncertainty but had limited immediate impact on prices.
FII/DII Activity (April 29, 2026): DIIs remained net buyers at ₹2,262 crore, while FIIs turned net sellers at ₹2,468 crore, reflecting cautious sentiment among foreign investors.

IPO Corner: OnEMI Technology (Kissht) IPO opens tomorrow, offering investors opportunity in growing digital lending space.
Macro: USA Fed Press Conference & UKs Inflation Rate YoY Flash (Apr) due tomorrow, markets cautious.
Index Watch: Nifty opened on a positive note and extended gains after yesterday’s consolidation, attempted an upward move but saw some profit booking near closing; rising crude prices kept sentiment cautious, though the index ended positive, with support at 23,930 and resistance at 24,530.

Pullback: A temporary decline in price within an overall uptrend, often seen as a buying opportunity by traders.

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