Waaree Energies falls as EBITDA margin drops to 18.6% from 23% after Q4 results; Vedanta Ltd adjusts lower post demerger – Paper by Pocketful

Apr 30, 2026

Waaree Energies (-10.97%): Stock declined sharply after Q4 results despite strong growth; net profit surged 71.44% YoY to ₹1,061.1 crore, while revenue jumped 111.79% to ₹8,480.25 crore. EBITDA rose 70.91% to ₹1,576.76 crore, but margins contracted to 18.59%. Company announced ₹2 dividend and ₹10,000 crore QIP plan.
Motilal Oswal Financial Services (+1.95%): Stock gained despite weak Q4; net loss at ₹219 crore due to ₹716 crore MTM loss, while revenue surged 125% and operating PAT rose 25%.
Bajaj Finance (+0.75%): Stock advanced after Q4; net profit rose 22% YoY to ₹5,465 crore, driven by lower provisions; revenue grew 18% to ₹21,606 crore. ₹6 dividend announced; Rajiv Bajaj to step down.
Vedanta Ltd (-64.01%): Stock fell after ex-demerger adjustment to ₹289.5; decline reflects value split into Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Steel, not wealth erosion.

IT| Nifty IT (+0.37%): Index rose for second consecutive session, led by Infosys, Tech Mahindra & Mphasis; sustained buying supported momentum, reflecting improved sentiment in the IT sector.
Pharma | Nifty Pharma (+0.03%): Index remained unchanged with 6 gainers against 14 losers; selling pressure in key stocks offset selective buying, as profit booking and muted global cues kept sentiment neutral.

Metal | Nifty Metal (-2.12%): Index declined after three-day rally, led by losses in Hindalco Industries, Tata Steel & National Aluminium Company; profit booking and weak global cues weighed on sentiment.
PSU Bank | Nifty PSU Bank (-1.68%): Index declined for second consecutive session with 2 gainers and 10 losers; sustained selling pressure, rising yields, and margin concerns weighed on overall sentiment.

Technical Level: Nifty opened with a gap down, extended selling pressure early, found support near 23800, and rebounded to move higher, facing resistance around 24090.
Advance-Decline Ratio: Market breadth remained negative with 1293 advances against 1974 declines, indicating broader selling pressure across the market.
The Big Picture: European markets edged higher as gains in mining stocks offset media losses, while volatile oil prices amid Iran tensions kept investors cautious; rate holds by European Central Bank and Bank of England supported overall sentiment.
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.

Macro: Aus RBA Interest Rate Decision & USA JOLTs Job Openings (Mar) dueNext week, markets cautious.
Index Watch: Nifty opened with a negative gap and remained under pressure early, but rebounded from lower levels; attempted recovery was capped by profit booking near close, while rising crude prices kept sentiment cautious, with support Seen at 23,800 and resistance around 24,300.

Pullback: Market’s ability to recover quickly from declines or volatility, showing strength as prices rebound despite negative cues, selling pressure, or uncertain conditions.

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