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Waaree Technologies zooms 105% in 8 trading days; Microcap firm clarifies

Waaree Technologies zooms 105% in 8 trading days; Microcap firm clarifies

by | Apr 20, 2026 | Share Market



Waaree Technologies share price

 

Waaree Technologies stock was locked at the 10 per cent upper circuit at ₹314.30 on the BSE in Monday’s intra-day trade with only buyers seen at the counter. 

 


Till 02:30 PM; around 189,000 shares changed hands and there were pending buy orders for 18,025 shares on the BSE.

 


In the past eight trading days, the stock price of Waaree Technologies zoomed 105 per cent from a level of ₹152.95 on April 4, 2026. Thus far in the month of April, the market price of the microcap stock skyrocketed 117 per cent. Currently, the company’s market capitalisation stood at ₹338.44 crore.

 
 


It had hit a 52-week high of ₹360.30 on July 21, 2025. The stock quotes 86 per cent below its all-time high of ₹2,209.40 touched on April 19, 2024.

 


Waaree Technologies clarifies on price movement

 


Waaree Technologies clarified that the price movement in the scrip of the company is absolutely market driven. The management of the company neither has any control nor has any knowledge of the reasons for the significant movement in price the scrip, the company said.

 


“The company has made and will continue to make all the relevant disclosures in compliance as and when required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time with the BSE Limited,” Waaree Technologies said on clarification regarding significant movement in price of scrip.

 


Waaree Technologies overview

 


Waaree Technologies is engaged in the business of manufacturing of batteries, catering to both industrial and consumer segments, with a particular focus on energy storage systems, electric vehicles (EVs).

 


The company has faced multiple operational and financial challenges, including, higher input costs, underutilized production capacity, and slower-than-expected market traction.

 


Despite the setbacks, the company has made considerable efforts in streamlining operations, optimizing working capital, restructuring its cost base, and upgrading technology and quality systems at the manufacturing facility. Significant steps have also been taken to diversify the product mix and enter new market segments such as lithium-ion batteries and battery energy storage systems (BESS).

 


India’s battery manufacturing sector is poised for exponential growth driven by the Government’s initiatives like FAME-II, PLI scheme for ACC battery storage, and the push for electric mobility and renewable energy adoption. The company is well-positioned to capitalize on these developments, Waaree Technologies said in the FY25 annual report.

 


The company has adopted advanced battery production techniques and adopts flexible manufacturing techniques to adapt to the market in terms of product delivery. The management has past experience in battery manufacturing and has better reach with customers. Further, the company expects good business from trading and sale of batteries and its product components. The EV pushes by government and domestic/C&I/Grid Scale Storage of energy will provide good business opportunities to the company, it added.

 


Meanwhile, Waaree Technologies has yet not announced its October to December 2025 quarter (Q3FY26) results.

 


For the first half (April to September) of the financial year 2025-26 (H1FY26), the company reported a net loss of ₹1.72 crore, against a loss of ₹2.62 crore in the same period last fiscal. Revenue from operations declined to ₹4.1 crore from ₹5.6 crore in H1FY25.

       



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Trent climbs as board to mull bonus issue, Q4 result on 22 April'26

Trent climbs as board to mull bonus issue, Q4 result on 22 April'26

by | Apr 20, 2026 | Share Market


Last Updated : Apr 20 2026 | 2:16 PM IST

Trent rallied 3.68% to Rs 4,256.90 after the company’s board will meet on Wednesday, 22 April 2026 to consider a bonus issue of equity shares for shareholders.

Meanwhile, the board will declare its standalone and consolidated financial results for the quarter and year ended 31st March 2026.

Further, the board will consider recommending a dividend on equity shares for the year ended 31st March 2026, subject to shareholders approval.

Additionally, the board will evaluate raising additional funds through the issue of equity shares through right issue or any other permissible mode.

Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India’s leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment.

 

The company reported a 36.3% jump in standalone net profit to Rs 639.71 crore on 15.98% increase in revenue from operations to Rs 5,259.46 crore in Q3 FY26 over Q3 FY25.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 20 2026 | 2:16 PM IST



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Trent climbs as board to mull bonus issue, Q4 result on 22 April'26

Refex Industries rallies after bagging Rs 32 crore pond ash order

by | Apr 20, 2026 | Share Market


Last Updated : Apr 20 2026 | 1:16 PM IST

Refex Industries advanced 4.19% to Rs 255 after the company announced that it has secured an order worth Rs 32.12 crore from an entity based in Maharashtra.

The order is for the transportation of pond ash to NHAI and PWD road construction sites. The contract is scheduled to be executed over one year, with a provision for extension of up to six months.

The company clarified that neither its promoters nor promoter group entities have any interest in the awarding entity, and the transaction does not qualify as a related-party transaction.

Chennai-based Refex Industries has built a portfolio spanning ash and coal handling, wind energy, and green mobility solutions.

 

The company reported consolidated net profit rose 5.03% to Rs 61.34 crore despite a 16.04% drop in revenue from operations to Rs 576.01 crore in Q3 FY26 over Q3 FY25.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 20 2026 | 1:16 PM IST



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Trent climbs as board to mull bonus issue, Q4 result on 22 April'26

Hathway Cable slides after Q4 PAT drops 11% YoY to Rs 11 cr

by | Apr 20, 2026 | Share Market


Hathway Cable & Datacom declined 3.54% to Rs 11.16 after the company reported a 11.33% decline in consolidated net profit to Rs 11.33 crore, despite a 6.37% increase in revenue from operations to Rs 545.85 crore in Q4 FY26 over Q4 FY25.

Profit before tax (PBT) tumbled 58.05% YoY to Rs 17.08 crore in the quarter ended 31st March 2026.

Total expenses increased 6.59% to Rs 543.79 crore in Q4 March 2026 from Rs 510.15 crore in Q4 March 2025. During the quarter, channel cost stood at Rs 300.76 crore (up 18.4% YoY), other operational costs stood at Rs 86.12 crore (up 6.57% YoY) while employee benefit expenses was at Rs 20.35 crore (down 3.23% YoY) and finance cost was at Rs 0.20 crore (down 33.33% YoY) declined.

 

In Q4 FY26, revenue from broadband business declined 4.15% YoY to Rs 143.15 crore while revenue from cable television business jumped 13.15% YoY to Rs 391.61 crore.

On full year basis, the companys consolidated net profit declined 11.03% to Rs 82.31 crore despite 5.39% jump in revenue from operations to Rs 2149.58 crore in FY26 over FY25.

Meanwhile, the companys board approved the appointment of Gurjeev Singh Kapoor as COO with additional charge as CEO with effect from April 20, 2026. He will take over as CEO with effect from 1 September 2026 upon completion of current CEO Tavinderjit Singh Panesars term on 31 August 2026.

Kapoor holds a B.E degree from Delhi College of Engineering, an MBA specializing in Marketing management from the Faculty of Management Studies, Delhi and a diploma in Digital Business leadership from Cornell University.

Hathway Cable & Datacom is engaged in the distribution of internet services through cable and has a strategic stake in entities engaged in the cable television business.



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IEX falls 8% on CERC's market coupling draft; analyst flags revenue risk

IEX falls 8% on CERC's market coupling draft; analyst flags revenue risk

by | Apr 20, 2026 | Share Market


Indian Energy Exchange (IEX) shares slipped 7.5 per cent in trade on BSE, logging an intra-day low at ₹125.45 per share. At 10:40 AM, IEX’s share price was trading 6.7 per cent lower at ₹126.55. In comparison, the BSE Sensex was up 0.45 per cent at 78,846.06. 


The stock came under pressure after the Central Electricity Regulatory Commission (CERC) proposed to streamline electricity price discovery across the country’s power exchanges through a system called Market Coupling. 


“The commission has prepared the Draft Central Electricity Regulatory Commission (Power Market) (Second Amendment) Regulations, 2026,” the filing read.  


According to the draft notification, Grid India will act as the Market Coupling Operator (MCO) and will run the Market Coupling system. It will set up a separate cell specifically for this purpose. 

 

All power exchanges will collect bids from buyers and sellers in a uniform format and send them to Grid India. Grid India will then aggregate all bids and discover one market-clearing price — maximising economic surplus for both buyers and sellers. If transmission lines are congested, the market may be split into zones with different prices. Market Coupling will initially apply to the Day-Ahead Market (DAM) and Real-Time Market (RTM), with exact implementation dates to be notified separately. Different dates may be notified for different market segments. 
READ | Jio Financial Services slips 3% on posting mixed Q4 nos; PAT falls 14%YoY 


The draft is open for comments/ suggestions/ objections on or before May 16, 2026. 


How will market coupling impact IEX?


Kranti Bathini, equity strategist, WealthMills Securities, believes CERC’s draft market coupling regulation has resurfaced as a key overhang on IEX, weighing on the stock as it threatens to fundamentally alter the exchange’s business model and revenue streams. 

“The recent regulations are going to impact the business and business model of IEX, which is going to impact revenues. The other exchanges pursuing similar business verticals in power trading are also going to have an impact on IEX’s business. That is the reason the stock is in a downtrend,” Bathini said. 
READ | BHEL surges 35% in 8 days, hits 21-month high; brokerages remain upbeat 


He also added that IEX may lose its prominence in the market as the go-to platform for price discovery. 


Bathini recommended selling IEX shares on any rally. 
Disclaimer: Views and outlook shared belong to the respective brokerages and analysts and are not endorsed by Business Standard. Readers are advised to exercise discretion.



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Bajaj Consumer hits 52-week high on strong Q4 results; brokerages say 'Buy'

Bajaj Consumer hits 52-week high on strong Q4 results; brokerages say 'Buy'

by | Apr 20, 2026 | Share Market



Bajaj Consumer share price: Shares of FMCG company Bajaj Consumer Care jumped nearly 6 per cent to hit a 52-week high of ₹496.85 on the NSE on Monday, April 20, after the reported over two-fold jump in consolidated net profit at ₹63.56 crore for the March 2026 quarter (Q4FY26).

 


Around 09:40 AM, Bajaj Consumer’s share price was trading 3.25 per cent higher at ₹485.50, compared to the previous session’s close of ₹469.95 on the NSE. In comparison, the NSE Nifty50 was trading almost flat at 24,347.60 levels, down by 6 points or 0.02 per cent. The market capitalisation of the company stood at ₹6,345.44 crore. In the last two sessions, the stock has surged nearly 16 per cent following the announcement of its Q4 numbers. 

 


Bajaj Consumer Care Q4 results


In the Q4FY26, Bajaj Consumer Care reported a 105.25 per cent year-on-year (Y-o-Y) growth in its consolidated net profit to ₹63.56 crore compared to ₹30.98 crore in the corresponding quarter of the previous fiscal. The company reported a total revenue from operations of ₹326.66 crore in the March 2026 quarter, up 30.41 per cent from ₹250.49 crore in the year-ago period. 

 


On the operation front, the company’s earnings before interest, tax, depreciation, and amortisation (Ebitda) jumped 135.2 per cent to ₹77.4 crore in the reported quarter from ₹32.9 crore. Ebitda margin expected to be 23.7 per cent from 13.3 per cent. 

 


For the full FY26, the Bajaj Consumer reported a consolidated revenue growth of 21.4 per cent to ₹1,153.4 crore. Its profit after tax jumped 51.8 per cent year-on-year to ₹190.2 crore. 


Brokerages on Bajaj Consumer Care


According to Centrum Institutional Research, the company’s Q4 result was a strong beat on all parameters. The company reported its second consecutive quarter of more than 30 per cent growth, driven by an overall increase in the hair oil category and company-led initiatives, including price hikes, higher brand investments, and expanded reach. 

 


The core portfolio of Almond Drops Hair Oil (ADHO) has gained market share and witnessed a revival in growth, supported by near double-digit volume growth (adjusted for milk-age reduction) along with improvements in pricing and product mix. The company has guided for scaling its non-ADHO portfolio to ₹5 billion, implying around 30 per cent CAGR over the next three years.

 


Project Arohan has delivered strong results, contributing an incremental 200–400 basis points growth uplift in regions where it has been implemented. Margins witnessed a sharp recovery in Q4, with management expecting them to remain in the low to mid-twenties range.

 


According to Centrum, FY26 has marked a turnaround year for Bajaj Consumer, driven by improved growth momentum, margin recovery, and the integration of Vishal Personal Care. The company has shown a better revenue and margin trajectory over recent quarters, and analysts believe this trend is likely to sustain given structural changes in the business. 

 


The brokerage has maintained a ‘Buy’ rating on the stock with a revised target price of ₹510, based on Mar’28 EPS and a target PE multiple of 25x.

 


Sharing similar views, Antique Stock Broking said the company’s Q4FY26 results were a strong beat on the profitability front. Ebitda margin expanded by 1,067 bps to 23.4 per cent, driven by a sharp gross margin improvement of 899 bps Y-o-Y to 63.7 per cent, supported by earlier price hikes and a favourable product mix.

 


Revenue grew on the back of close to double-digit volume growth (adjusted for ml-age reductions) in Almond Drops Hair Oil. The non-ADHO portfolio reached ₹2.25 billion. General trade grew in the high teens, while organised trade expanded in the twenties.

 


The brokerage noted that the full benefits of Project Aarohan will be visible in FY27, with about two-thirds of the initiative completed in FY26. Bajaj Consumer is expected to take pricing actions to offset raw material inflation and support profitability, with management guiding Ebitda margins in the 20–25 per cent range.

 


Antique Stock Broking has raised FY27–28 earnings estimates, citing sustained outperformance. It has maintained a ‘Buy’ rating with a revised target price of ₹594 (earlier ₹482), based on 30x FY28 earnings (a 39 per cent premium to the 10-year average). 
Disclaimer: View and outlook shared belong to the respective brokerages/analysts and are not endorsed by Business Standard. Readers’ discretion is advised.



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