Indian markets opened strong on Wednesday with NSE Nifty trading 174 points higher at the time of publication of this report. Many stocks are in focus today, especially those with quarterly numbers. Key financial updates from industry leaders such as Dixon Technologies, Torrent Pharmaceuticals, and Whirlpool of India signal strengthening fundamentals, while capital-raising initiatives from SBI and strategic divestments by KPR Mill’s promoters are expected to create ripples in trading volumes. Infrastructure and healthcare counters like IRCON International and Aster DM Healthcare also merit attention, with project wins and sector momentum shaping their near-term outlooks.

SBI Plans to Raise $3 Billion via Long-Term Debt in FY26

The State Bank of India (SBI) has laid the groundwork for a substantial capital infusion by securing internal approval to raise up to $3 billion in long-term funds for FY2025–26. According to its regulatory disclosure, the capital will be mobilized through public offerings or private placements, subject to market dynamics and requisite regulatory permissions.

Strategic Impact: The move bolsters SBI’s balance sheet in anticipation of credit growth and aligns with its long-term lending strategy. The decision comes at a time when interest rate trajectories and liquidity flows remain under active recalibration globally.

KPR Mill Promoters to Offload 3.2% Stake via Block Deals

In a significant ownership restructuring, the promoters of KPR Mill—KP Ramasamy, KPD Sigamani, and P Nataraj—are expected to divest a 3.2% stake, valued at approximately Rs 1,195.6 crore, through block deals, as per CNBC-TV18 sources.

The transaction is anchored at a floor price of Rs 1,107 per share, representing a 10% discount to the prevailing market price.

Market Implication: While the divestment indicates liquidity unlocking by promoters, the deep discount may trigger short-term weakness. However, the move may enhance float and institutional interest over time.

Dixon Technologies Delivers Stellar Quarter, Surpasses Street Expectations

Dixon Technologies stunned the market with a blowout quarterly performance:

Net profit surged to Rs 465 crore, a nearly 380% YoY increase, largely aided by a one-time exceptional gain of Rs 250.4 crore.

Revenue rose 121% YoY to Rs 10,292.5 crore, outpacing the expected Rs 10,109 crore.

This compares with a revenue base of Rs 4,658 crore in the same quarter last year.

Operational Leverage: Dixon’s numbers reflect robust scale efficiency, backed by an expansion in electronics manufacturing and improved product mix. The quarter signals accelerating earnings potential from government PLI schemes.

Torrent Pharmaceuticals Sustains Growth Amid Margin Discipline

Torrent Pharmaceuticals reported a steady rise in Q4 earnings:

Net profit climbed 10.9% YoY to Rs 498 crore.

Revenue improved 7.8% YoY, reaching Rs 2,959 crore.

EBITDA rose 9.2% to Rs 964 crore, while operating margin held firm at 32.6%, underscoring cost control and operational stability.

What Stands Out: Torrent’s broad-based performance across geographies and therapeutic areas enhances its earnings visibility. The retention of margin strength in a competitive market is particularly noteworthy.

Whirlpool of India Reports 53% Profit Jump, Margin Expansion

Consumer durables major Whirlpool of India closed the March quarter with a sharp upswing:

Net profit surged 53% YoY to Rs 119.2 crore.

Revenue from operations rose 15.6% to Rs 2,004.7 crore.

EBITDA climbed 27.45% YoY to Rs 183.1 crore, with margins expanding from 8.3% to 9.1%.

Analyst Take: The robust topline and profitability metrics highlight improved demand elasticity and cost rationalization. Whirlpool’s brand positioning and pricing power have evidently held firm despite inflationary challenges.

IRCON Secures Rs 253.6 Crore KAVACH Contract from Railways

Infrastructure PSU IRCON International has bagged a Rs 253.6 crore contract from South Western Railway to deploy KAVACH, India’s indigenous train collision avoidance system.

The scope spans 778 route kilometers across Bengaluru and Mysuru divisions, encompassing survey, design, equipment installation, and commissioning.

Outlook: This win consolidates IRCON’s leadership in railway automation and positions it strategically as Indian Railways scales up technology-led safety initiatives.

Other Stocks to Monitor: Healthcare and Infra Midcaps

Aster DM Healthcare: With its network expansion strategy gaining traction, Aster remains a favored play in the healthcare services segment. Analysts expect operational demergers and regional specialization to unlock shareholder value.

Arvind SmartSpaces & J Kumar Infraprojects: Both companies are riding a cyclical infrastructure and real estate upcycle. Investors may track these for contract wins, margin expansion, and order book strength.

Godawari Power & JK Tyre: These names benefit from robust industrial activity, and recent price actions indicate accumulation in anticipation of capex-led earnings growth.

United Spirits & United Breweries: Seasonal demand and product mix improvements could make these beverage majors relevant trades in the consumer space.