Buzzing Stocks: Vodafone Idea shares up 5% as DoT reduces AGR dues; Maruti Suzuki gains 4% on strong sales
I'm LongbridgeAI, I can summarize articles.Vodafone Idea shares rose 5% after the DoT reduced its AGR dues by Rs 23,649 crore. Maruti Suzuki gained 4% due to a 33.3% increase in sales. Adani Enterprises saw a loss of Rs 220.7 crore in Q4, while Kotak Mahindra Bank's profit rose 13.4%. Avenue Supermarts and ACC shares fell despite reporting profit growth, indicating mixed market reactions. Investors are closely monitoring corporate announcements and sector-specific news as earnings season progresses.
Several stocks remained in focus on April 28 as corporate developments, earnings updates, and regulatory triggers drove market activity.
Adani Enterprises share price down marginally after reporting a weak set of numbers for Q4 on a consolidated basis, posting a loss of Rs 220.7 crore compared to a profit of Rs 3,844.9 crore in the same period last year. However, revenue showed healthy growth, rising 20.3% year-on-year to Rs 32,439.3 crore from Rs 26,966 crore.
Vodafone Idea share price rose more than 5 percent after the Department of Telecommunications (DoT) has reduced the company’s Adjusted Gross Revenue (AGR) dues by Rs 23,649 crore at Rs 64,046 crore as of December 31, 2025, marking a substantial cut from the earlier frozen figure of Rs 87,695 crore.
Maruti Suzuki shares added 4 percent on posting strong sales performance for April, with total sales jumping 33.3% year-on-year to 2.39 lakh units from 1.79 lakh units. Domestic sales grew 31.4% to 1.99 lakh units, while exports surged 43.5% to 40,054 units compared to 27,911 units last year.
Kotak Mahindra Bank share price shed 2 percent despite posting a solid Q4 standalone performance, with profit rising 13.4% year-on-year to Rs 4,026.6 crore from Rs 3,551.7 crore. Net interest income also increased by 8.1% to Rs 7,875.5 crore from Rs 7,283.6 crore.
Shares of Avenue Supermarts fell 3 percent eventhough steady Q4 consolidated performance, with profit growing 19.2% year-on-year to Rs 656.6 crore from Rs 550.9 crore. Revenue rose 18.9% to Rs 17,683.9 crore compared to Rs 14,871.9 crore.
ACC share price fell 1 percent on mixed Q4 consolidated performance, where profit declined sharply by 68.3% year-on-year to Rs 238.3 crore from Rs 751 crore. Despite the drop in earnings, revenue increased 18% to Rs 7,124.5 crore from Rs 6,039.7 crore.
Market participants said news flow remains a key driver in the current environment, with investors closely tracking corporate announcements and sector-specific triggers. With earnings season in progress, company-specific updates are expected to drive further volatility.