Gensol Engineering Ltd., in the aftermath of the SEBI’s interim order against the company’s promoters, will be one of the stocks to watch on Wednesday. Also in focus will be IndusInd Bank Ltd., as an external agency has confirmed the derivatives discrepancy which the lender had earlier flagged.

An array of stocks linked to the oil and gas sector, including Reliance Industries Ltd., Oil and Natural Gas Corp. and Oil India will also be in focus on Wednesday.

Here’s a look at the stocks to watch:

  • Gensol Engineering: SEBI has barred Gensol Engineering, its Chief Executive Officer Anmol Singh Jaggi and Promoter-Director Puneet Singh Jaggi from securities markets over fund diversion charge. The market watchdog has also restrained both the company officials from holding any key managerial positions. Gensol has been asked to hold the stock split announced by it earlier.

  • IndusInd Bank: The bank received a report from an external agency on Tuesday, revealing a financial impact of Rs 1,979 crore due to derivative accounting discrepancies. This represents 2.27% of the bank’s net worth as of Dec. 31. The bank plans to account for this impact in its fiscal 2025 results.

  • Reliance Industries, ONGC, Vedanta, Oil India: Reliance Industries, BP Plc. and ONGC teamed together and competed with Oil India and Vedanta to win Gujarat offshore oil blocks. ONGC won 15 blocks, Vedanta won seven blocks, Oil India Ltd. won six blocks by itself and three in a joint venture with ONGC. Reliance and its partner BP Plc. won two blocks.

  • ICICI Prudential Life Insurance: The firm’s consolidated net profit rose 122% year-on-year in the January–March quarter to Rs 385 crore. The net premium income during the quarter under review climbed 10.7% year-on-year to Rs 16,369 crore, compared to Rs 14,788 crore in the corresponding quarter of the previous fiscal.

  • Ireda: The company’s consolidated net profit surged 49% during the quarter ended March 31, 2025 to Rs 502 crore. The revenue from operations climbed 37% to Rs 1,905 crore, as against Rs 1,391.3 crore in the same quarter of the preceding fiscal.

  • ICICI Lombard General Insurance: The insurer’s net profit fell by nearly 2% on a year-on-year basis in the January–March quarter to Rs 510 crore. The net premium earned during the quarter under review climbed 19.6% to Rs 5,226 crore, compared to Rs 4,368 crore in the corresponding quarter of the previous fiscal.

  • Blue Dart Express:  The firm expanded express connectivity to Northeast India by adding Guwahati as a direct flying location.

  • Mahanagar Gas: The company’s APM gas allocation has been reduced by 18%, effective April 16, compared to the previous fortnight. This decrease in APM volume has been replaced with new well/well intervention gas, which could negatively affect profitability.

  • Axis Bank: The company is set to consider fund-raising options via equity and debt on April 24.

  • Indraprastha Gas:  The city gas distributor also announced that starting April 16, its domestic gas allocation will be reduced by approximately 20%. To offset this, the company has been granted additional new well gas equivalent to approximately 125% of the reduction in domestic gas volumes, priced at 12% of the Indian crude basket.

Earnings To Watch

On Wednesday, the earnings of companies like Wipro Ltd., Angel One Ltd., Swaraj Engines Ltd. and Waaree Renewable Technologies Ltd. are set to be announced.

. Read more on Markets by NDTV Profit.An array of stocks linked to the oil and gas sector, including RIL, ONGC and Oil India will be in focus on Wednesday.  Read MoreMarkets, Notifications 

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