Adani Green Energy's shares increased by 5% after it reported more than a four-fold rise in consolidated net profit in Q4 of FY22 compared to the previous year. The company's revenues also increased by 58% YoY to 14,880 mn units in FY23, supported by strong capacity addition and deployment of latest renewable technologies. In contrast, on a year-to-date basis, the stock has fallen by 47%, while in the past year it has declined by 65%. The average target price of the stock is Rs 360, indicating 64% downside from current market prices.

Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 264609.27 Crore).

On the technical charts, the 200-day moving average of the stock stood at Rs 4586.93.

The Nifty is expected to rise towards 18,500 in May, following April's gains of over 3% driven by sustained foreign investor inflows and strong earnings from banking majors in the latter half of the month. While Indian equity markets continue to lag other global peers, data shows that investing in May has produced double-digit return averages 83% of the time. Analysts expect foreign portfolio investors to continue as net buyers, despite net selling YTD of INR 14,158 crore ($1.9bn). However, the biggest risk to current uptrends is further earnings downgrades.

The NSE Nifty index was trading 84.9 points up at 18149.9

The stock quoted a 52-week high price of Rs 895.0 and low of Rs 594.0.

In the Nifty pack, 37 stocks were trading in the green, while 13 stocks were trading in the red.

Kumar Mangalam Birla of the Aditya Birla Group believes it's a great time for corporate India to invest in Capex, as the economy is set to grow in double digits. Furthermore, India is an important part of the global economy and, to deal with any financial turbulence in the long term, agility and risk management have become more important than before. Birla is committed to winning in the cement sector, stating that the Aditya Birla Group understands the sector very well, has roots across the country, and significant talent and knowledge of the business.

The stock quoted a 52-week high price of Rs 712.17 and a 52-week low of Rs 538.8.