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Dr Lal PathLabs Disappoints, Tata Tech and IGL Impress, Biocon Gets Regulatory Boost
Dr Lal PathLabs Disappoints, Tata Tech and IGL Impress, Biocon Gets Regulatory Boost
Written by - Fisdom Research
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April 28, 2025
2 minutes
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Market Snapshot
Bulls made a strong comeback on Dalal Street on April 29, with benchmark indices recovering losses from the previous two sessions.
The Nifty 50 reclaimed the 24,300 mark, driven by buying interest in heavyweights like Reliance Industries and broad-based sectoral support.
Defence-related stocks outperformed, with HAL and BEL gaining up to 5% and 3% respectively, amid heightened geopolitical tensions.
Sectorally, all indices, except IT, closed in the green.
Metal, realty, oil & gas, pharma, and PSU Bank sectors led the gains, rising between 1% and 3%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY OIL & GAS
3.2
NIFTY AUTO
1.6
NIFTY PSU BANK
2.4
NIFTY REALTY
1.4
NIFTY HEALTHCARE INDEX
2.1
NIFTY METAL
1.4
NIFTY PHARMA
2.0
NIFTY PRIVATE BANK
1.4
Top News
Dr Lal PathLabs shares fell over 4% intraday despite posting a 31% QoQ rise in net profit to ₹244.7 crore and stable operational performance, as brokerages maintained a mixed outlook.
Tata Technologies shares rose 1.5% after reporting a 20% YoY growth in PAT to ₹188.87 crore, supported by higher income and lower expenses, with net sales increasing 10.5%.
Indraprastha Gas and Biocon also gained, with IGL surging over 4% on strong Q4 earnings and Biocon advancing 2% after its biosimilar denosumab candidates received positive recommendations from Europe’s CHMP.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
RELIANCE
5.1
SHRIRAMFIN
-5.1
SUNPHARMA
3.1
ETERNAL
-0.9
JSWSTEEL
2.9
ULTRACEMCO
-0.9
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,800
24,500
Bank Nifty
58,000
56,100
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