As markets open for the day, a mixed bag of corporate developments is expected to set the tone for stock movements. From regulatory setbacks and tie-ups to gas supply cuts and expansion wins, companies across sectors are making headlines for very different reasons. Whether it is a bank reeling under the weight of a derivatives blow, a tech firm under SEBI’s lens, or energy giants betting big on future blocks, here is a look at the key stocks that could be in focus today.
Market recap
The bulls roared back on Dalal Street after a long weekend, with benchmark indices staging a stellar rally on April 15. The Sensex surged over 1,500 points to close at 76,734.89, while the Nifty jumped 500 points to end at 23,328.55.
Stocks to watch on April 16, 2025
IndusInd Bank
IndusInd Bank has landed in hot water over past derivative transactions. A report by an external agency has flagged discrepancies in these deals, estimating a negative financial impact of Rs 1,979 crore as of June 2024. The bank’s net worth could take a 2.27% hit (post-tax) by December 2024 due to this issue.
Gensol Engineering
Gensol Engineering is under the scanner. SEBI has issued an interim order banning promoter brothers Anmol Singh Jaggi and Puneet Singh Jaggi from holding any key roles in the company or accessing the securities market. SEBI has also stopped Gensol’s proposed stock split for now. A forensic auditor will be appointed to thoroughly examine the company’s financials, with a report expected in six months.
Vedanta
Cairn Oil & Gas, a unit of Vedanta, has expanded its portfolio by winning seven new blocks in the ninth round of the Open Acreage Licensing Policy (OALP). These include four onshore and three shallow-water blocks across Cambay, Saurashtra, and Mumbai basins.
Adani Total Gas
Adani Total Gas is facing pressure after the Nodal Agency, GAIL, slashed its allocation of APM-priced domestic gas by 15% from April 16. The company is now depending on costlier New Well Gas (NWG) to make up the shortfall.
Swiggy
Swiggy has partnered with the Ministry of Labour & Employment to promote job creation in the gig and logistics sectors. Through a Memorandum of Understanding (MoU), the company plans to generate over 12 lakh employment opportunities in the next 2–3 years. These jobs will be listed on the government’s National Career Service (NCS) portal.
Oil India
Oil India Ltd (OIL) has won 9 new blocks in the OALP Round IX auctions. The blocks cover over 51,000 square kilometres. Of these, six will be operated solely by Oil India, while three will be developed through partnerships.
Aster DM
Aster DM Healthcare has received approval from the Competition Commission of India (CCI) to merge with Quality Care India Ltd (QCIL). Before the merger, Aster will acquire a 5% stake in QCIL by issuing fresh shares. The merged entity will be renamed Aster DM Quality Care.
Mahanagar Gas
Mahanagar Gas experienced a reduction in its APM gas allocation. Effective April 16, its allocation has been slashed by 18% compared to the previous fortnight. The company will now rely more on the costlier New Well or Well Intervention Gas (NWG).
NHPC
NHPC has declared the commercial operation of Unit-4 (200 MW) of its Parbati-II hydroelectric project in Himachal Pradesh. Units 1, 2, and 3 each with a capacity of 200 MW, had already begun operations from April 1. With all four units now operational, the project adds a total of 800 MW to the power grid.
IREDA
IREDA wrapped up its fourth quarter on a high note, posting a strong 49% surge in net profit to Rs 501.6 crore, powered by a sharp rise in interest earnings. The state-run renewable energy financier saw its net interest income soar nearly 47% to Rs 801.3 crore