< -5%

Ravi Kumar Dist

GM Breweries

-5% to -3%

Silver Oak

Alcokraft Disti

BCL Industries

Radico Khaitan

Monika Alcobev

Allied Blenders

Tilaknagar Ind

United Brewerie

Sula Vineyards

-3% to 0%

Jagatjit Ind

Piccadilly Sug

Assoc Alcohol

Som Distillerie

Piccadily Agro

United Spirits

Winsome Brew

0% to 3%

Globus Spirits

Kati Patang

Fratelli Vineya

3% to 5%

Northern Spirit

IT stocks rose up to 4 percent, leading Nifty IT index gains., Nifty IT index extended gains for fourth straight session., TCS to kick off IT earnings season with Q4 results on April 9.

* IT stocks rose up to 4 percent, leading Nifty IT index gains.
* Nifty IT index extended gains for fourth straight session.
* TCS to kick off IT earnings season with Q4 results on April 9.

IT stocks like Mphasis, Wipro, HCL Technologies, and LTIMindtree rose up to 4%, boosting the Nifty IT index amid expectations of strong Q4 results and short covering. The sector showed resilience despite broader market weakness and recent corrections.

shorts/business/mphasis-wipro-hcl-tech-rise-up-to-4-as-it-shares-lead-nifty-gains-index-up-2

Shares of Mphasis, Wipro, HCL Technologies and LTIMindtree rose up to 4 percent on Tuesday, leading gains in the Nifty IT index on expectations of a better-than-anticipated March quarter.

Buying in IT stocks helped the benchmark Nifty recover and trade higher in the afternoon session after falling as much as 1 percent in early trade. IT shares showed resilience through the session even as the broader market remained weak.

The sector had seen a sharp correction in recent months, with analysts noting that stocks were in the oversold zone.

Ruchit Jain of Motilal Oswal Financial Services said IT stocks had witnessed a sharp correction over the past couple of months, with momentum indicators in the oversold zone. He said short covering ahead of the quarterly results appeared to be driving the current rally.

The Nifty IT index rose 2.5 percent in today session, extending gains for the fourth straight session. The index has gained 7.61 percent during this period. All 10 constituents of the index were trading in the green.

Ajit Mishra, SVP – Research at Religare Broking, added, &quot;EPS upgrades driven by rupee depreciation, along with recent deal wins, are supporting a rebound in IT stocks ahead of earnings. However, investors should remain cautious and await earnings outcomes and management commentary for clearer directional cues.&quot;

Mphasis was the top gainer, rising over 4 percent. Wipro and HCL Technologies gained 3.32 percent and 2.74 percent, respectively.

Shares of Tata Consultancy Services, Infosys, Persistent Systems and Tech Mahindra rose up to 2.5 percent.

VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said the IT segment has shown strength despite overall market weakness and may offer near-term trading opportunities. He said the segment could benefit from better-than-expected fourth-quarter results and a weaker rupee.

Tata Consultancy Services is set to kick off the earnings season for IT majors with its fourth-quarter results on April 9.

Wipro, meanwhile, saw stock-specific buying after signing an eight-year strategic deal with Olam Group.

However, brokerage firms said leading Indian IT companies are likely to report another subdued quarter, with revenue and profit growth seen at around 10 percent year-on-year, largely supported by a weaker rupee.

They added that uncertainties due to geopolitical tensions, weak discretionary spending and concerns around artificial intelligence are likely to weigh on client budgets. Revenue guidance for the next financial year will remain a key focus for investors.

Tata Consultancy Services, Infosys, HCL Technologies and other software exporters are scheduled to report their fourth-quarter results starting April 9.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Mphasis, Wipro, HCL Tech rise up to 4% as IT shares lead Nifty gains; index up 2%

Hindalco and Vedanta shares rose after JPMorgan upgraded ratings., JPMorgan sees aluminium price gains and stronger profits., Price targets raised, signaling up to 22% upside for both.

* Hindalco and Vedanta shares rose after JPMorgan upgraded ratings.
* JPMorgan sees aluminium price gains and stronger profits.
* Price targets raised, signaling up to 22% upside for both.

Shares of Hindalco Industries and Vedanta rose after JPMorgan upgraded both to "overweight," citing sustained higher aluminium prices and improved profitability. Price targets were raised, indicating potential upsides of 20-22% for each stock.

shorts/business/hindalco-vedanta-shares-rise-up-to-3-as-jpmorgan-sees-up-to-22-upside-on-better-profitability

Shares of Hindalco Industries and Vedanta rose up to 3 percent in Tuesday’s trade after global brokerage JPMorgan upgraded both stocks, citing expectations of sustained higher aluminium prices and improved profitability.

JPMorgan has raised its rating on the two companies to &quot;overweight&quot; from &quot;neutral&quot; and increased their price targets, indicating potential upside of up to 22 percent.

Shares of Hindalco Industries climbed over 4 percent to Rs 964.9 per share on the NSE, extending gains for the fifth straight session. The stock has risen nearly 10 percent during this period.

The brokerage has increased Hindalco’s price target to Rs 1,125 per share from Rs 875, implying a potential upside of about 20 percent from its previous close, according to a CNBC-TV18 report.

JPMorgan said earnings at Hindalco’s subsidiary Novelis have likely bottomed out and expects improved profitability, supported by the restart of the Oswego plant and gains from higher scrap spreads.

Vedanta shares also advanced over 4 percent to Rs 718.95 per share on the NSE.

The brokerage has raised Vedanta’s price target to Rs 850 per share from Rs 680, indicating a potential upside of about 22 percent from its previous closing level, CNBC-TV18 added.

JPMorgan noted that Vedanta’s risk-reward has turned favourable, with its estimated enterprise value to EBITDA for FY2027 at around 4 times. It added that strength in aluminium and zinc businesses is expected to offset weakness in oil and gas volumes.

The brokerage said geopolitical tensions in West Asia could keep aluminium prices elevated for a longer period. It expects earnings growth to be driven by higher prices on the London Metal Exchange and rupee depreciation.

It also noted that the Iran conflict has led to supply disruptions due to smelter outages.

According to the brokerage, tailwinds from the commodity cycle could help ease recent debt concerns for both companies, while the recent correction in stock prices has made valuations more attractive.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Hindalco, Vedanta shares rise up to 3% as JPMorgan sees up to 22% upside on better profitability

Several stocks remained in focus on April 7 as corporate updates, order wins and regulatory developments drove stock-specific action in the market.

Shyam Metalics &amp;amp; Energy rose about 8 percent after reporting its fourth-quarter business update, supported by strong growth in its stainless steel segment. Stainless steel sales volumes increased 22.46 percent to 27,287 metric tons, compared with 22,282 metric tons a year earlier, while average realizations rose 4.89 percent to Rs 1.49 lakh per metric ton from Rs 1.42 lakh. Pellet sales volumes remained largely stable, declining marginally by 0.12 percent.

Deep Industries gained 5 percent after securing an order worth Rs 59 crore from Oil and Natural Gas Corporation (ONGC). The contract involves providing natural gas compression, dehydration and related services at ONGC’s Rajahmundry asset over a three-year period.

Godrej Consumer Products advanced about 2 percent after reiterating its growth outlook for the March quarter. The company expects double-digit sales growth and high single-digit underlying volume growth in Q4 FY26, supported by steady demand conditions, easing food inflation and normalization in trade channels. It added that EBITDA margins are likely to remain within the normative range, aided by cost efficiencies.

Titagarh Rail Systems rose 5 percent after its subsidiary received in-principle approval from the Ministry of Ports, Shipping and Waterways for a brownfield expansion project in West Bengal under the government’s shipbuilding development programme.

PDS surged 10 percent after entering into a sourcing-as-a-service agreement with a US-based value retailer. The contract is expected to generate sourcing volumes of around Rs 450 crore, with scope for gradual scale-up.

Buzzing Stocks: Shyam Metalics, Deep Industries, Titagarh Rail, PDS gain on updates, orders

ACME Solar Holdings share price down marginally in the early trade focus on April 7 following the company commissioned two different projects in the state of Rajasthan.

At 09:49am, ACME Solar Holdings was quoting at Rs 279.85, down Rs 0.80, or 0.29 percent, on the BSE.

The company through its wholly owned subsidiary i.e. ACME Sun Power, has commissioned the fourth phase of 33.333 MW/160.48 MWh out of 300 MW/1409.34 MWh capacity of Battery Energy Storage System (BESS) project located at Badi Sid in Rajasthan.

With this, ACME Sun Power has achieved a commissioned capacity of 133.336 MW / 641.980 MWh out of 300 MW/1409.34 MWh.

Also, its wholly owned subsidiary ACME Suryodaya has commissioned the fifth phase of 76 MW / 160.512 MWh out of 285 MW / 601.904 MWh capacity of Battery Energy Storage System (BESS) project located at Sanwara and Mehar Nagar at Rajasthan, on April 06, 2026.

The Commercial operation date (COD) for the stated phase–V shall be April 08, 2026.

With this, ACME Suryodaya has achieved a commissioned capacity of 247 MW / 521.652 MWh out of 285 MW / 601.904 MWh.

Catch all the market action on our live blog

On April 1, ACME Sun Power has commissioned the fourth phase of 33.333 MW/160.48 MWh out of 300 MW/1409.34 MWh capacity of Battery Energy Storage System (BESS) Project located at Badi Sid at Rajasthan.

With this, ACME Sun Power achieved a commissioned capacity of 133.336 MW / 641.980 MWh out of 300 MW/1409.34 MWh.

ACME Solar Holdings commissions two BESS projects, share price trade lower

Deep IndustriesDeep Industries share price rose 8 percent intraday on April 7 following the company received a Letter of Award from Oil and Natural Gas Corporation (ONGC) of Rs 59 crore.

At 13:41 hrs, Deep Industries was quoting at Rs 482.20, up Rs 36.30, or 8.14 percent, on the BSE.

The said Letter of Award is for hiring of services of Natural Gas Compressor, Gas Dehydration &amp;amp; HC Dew Point Depression for Malleswaram of ONGC, Rajamundry Asset for a period of three years.

Catch all the market action on our live blog

In the month of March, the company has entered into a Memorandum of Understanding (MOU) with Advait Greenergy (AGPL) to execute various Green Hydrogen project tenders and contracts issued by government bodies, PSUs, private entities or any other organizations in India and abroad.

In the previous trading session, the share closed at Rs 445.90, up Rs 6.90, or 1.57 percent.

The share touched a 52-week high of Rs 578.00 and a 52-week low of Rs 326.85 on 03 September, 2025 and 16 March, 2026, respectively.

Currently, the stock is trading 22.85 percent below its 52-week high and 36.42 percent above its 52-week low.

The market capitalisation of the company stands at Rs 2,853.76 crore.

Breweries & Distilleries Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Breweries & Distilleries industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q4 FY25-26

Stock News

Mphasis, Wipro, HCL Tech rise up to 4% as IT shares lead Nifty gains; index up 2%

Hindalco, Vedanta shares rise up to 3% as JPMorgan sees up to 22% upside on better profitability

Buzzing Stocks: Shyam Metalics, Deep Industries, Titagarh Rail, PDS gain on updates, orders

ACME Solar Holdings commissions two BESS projects, share price trade lower

Deep Industries shares gain 8% on order win worth Rs 59 crore from ONGC

Breweries & Distilleries Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Breweries & Distilleries industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q4 FY25-26

Stock News

Mphasis, Wipro, HCL Tech rise up to 4% as IT shares lead Nifty gains; index up 2%

Hindalco, Vedanta shares rise up to 3% as JPMorgan sees up to 22% upside on better profitability

Buzzing Stocks: Shyam Metalics, Deep Industries, Titagarh Rail, PDS gain on updates, orders

ACME Solar Holdings commissions two BESS projects, share price trade lower

Deep Industries shares gain 8% on order win worth Rs 59 crore from ONGC

Breweries & Distilleries Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Breweries & Distilleries industry stocks.