Markets traded on a subdued note on Wednesday and ended almost unchanged amid mixed cues. Interestingly, the India VIX — a key indicator of market fear that generally moves inversely to the broader market trend — has corrected nearly 15% so far this week and is currently hovering around the 15 mark. However, the improved comfort level is yet to reflect meaningfully in benchmark index movement. Analysts say while the consolidation phase in the index may continue, we reiterate maintaining a stock-specific approach based on prevailing sectoral trends, while keeping a close check on overnight risk exposure.
In today's trade, shares of RIL, Coal India, IDFC First Bank, Zydus Life, ONGC among others will be in focus due to various news developments.
RIL
Reliance Industries Ltd (RIL) has scheduled its 49th annual general meeting (AGM) for June 19, 2026, following a year in which the oil-to-telecom conglomerate reported nearly Rs 11.76 lakh crore in revenue and strong growth across its consumer businesses. The AGM will be held through video conferencing and other audio visual means at 2 pm on June 19, the company said in an exchange filing today.
Coal India
Coal India said the government will exercise the oversubscription option in the offer-for-sale amid strong investor interest in the issue. The government will now sell up to 12.32 crore shares, representing 2% of Coal India's total paid-up equity share capital, according to an exchange filing.
Bharat Dynamics
Defence major Bharat Dynamics (BDL) reported a standalone net profit of Rs 113.18 crore for the January-March quarter of the financial year 2026, marking a 58.5% year-on-year (YoY) drop from the Rs 272.77 crore net profit reported in the corresponding quarter of the previous financial year.
Ashok Leyland
Truck-maker Ashok Leyland on Thursday reported a consolidated net profit of nearly Rs 1,291 crore for the January-March quarter of the financial year 2026, marking a 14% year-on-year (YoY) rise from the Rs 1,130 crore net profit reported in the corresponding quarter of the previous financial year.
IDFC First Bank
IDFC First Bank has received Rs 514.82 crore from the Credit Guarantee Fund for Micro Units (CGFMU) scheme against claims on its microfinance portfolio, the lender said in a stock exchange filing. The payout represents about 100% of the claim submitted by the bank and pertains to eligible microfinance loans sanctioned up to March 2025.
ONGC
State-run oil and gas producer ONGC said it expects natural gas to become an increasingly dominant and profitable part of its business as new high-priced gas production ramps up and domestic demand continues to rise.
Zydus Life
Zydus Therapeutics, a subsidiary of Zydus Lifesciences, on Thursday said that the US Food and Drug Administration (US FDA) has granted priority review to its New Drug Application (NDA) for saroglitazar, which is used to treat primary biliary cholangitis, an autoimmune disease that gradually destroys the bile ducts in the liver.
