Key Stocks to Watch on April 9: Bosch, TCS, GM Breweries, BEML, ITC Hotels, KEC International, Lupin

The Indian stock market is expected to open lower on Thursday, April 9, as indicated by the GIFT NIFTY50 futures, which suggest a 61-point decline for the NIFTY50 index. Several stocks are likely to remain in focus today due to important announcements and financial updates.

Earnings today: The Q4 earnings season kicks off today with five companies, including IT bellwether Tata Consultancy Services (TCS), releasing their March quarter numbers. The other companies releasing their earnings are Anand Rathi Wealth, GM Breweries, and Rajputana Stainless.

Bosch: Bosch Limited, the flagship firm of the Bosch Group, announced the acquisition of a 100% stake in Bosch Chassis Systems from Robert Bosch Investment Nederland BV and Robert Bosch LLC of the US for ₹9,068.68 crore. This acquisition strengthens Bosch Limited's position in the domestic automotive sector by expanding its mobility portfolio. Bosch Chassis Systems specializes in active and passive safety systems and actuation braking systems for various vehicles.

BEML: Bengaluru-based defence PSU BEML Ltd signed a Memorandum of Understanding (MoU) with the Delhi Metro Rail Corporation (DMRC) to collaborate on metro rail projects. The partnership aims to expand BEML's footprint in both domestic and international markets, leveraging their strengths in metro rail construction and related services.

ITC Hotels: Shares of ITC Hotels are expected to be in the spotlight on April 9, following the sale of nearly 1.29 crore shares by US-based investment firm GQG Partners for ₹197 crore through an open market transaction. This transaction is likely to impact the stock's performance and investor sentiment.

KEC International: KEC International, a leading infrastructure EPC major, bagged multiple new orders worth ₹2,518 crore across various businesses. The orders include a significant commercial real estate project from a leading developer in Western India, an order in the Train Collision Avoidance System (TCAS) segment, and projects in the civil, transportation, and transmission & distribution (T&D) sectors.

Lupin: Shares of Lupin will be in focus on April 9, as the company received approval from the United States Food and Drug Administration (U.S. FDA) for its abbreviated new drug application for Dapagliflozin and Metformin Hydrochloride extended-release tablets. The approval covers multiple strengths and includes a tentative approval for the 2.5 mg/1,000 mg formulation.

NTPC: NTPC, the power giant, signed a non-binding MoU with France-based Électricité de France (EDF) to explore cooperation in developing new nuclear power projects in India. The MoU outlines a framework for joint feasibility studies, localization opportunities, economic assessments, and technical support for potential projects.

NHPC: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved an investment of ₹26,069.50 crore for the Kamala Hydro Electric Project (HEP) in Arunachal Pradesh. This significant investment will be a key driver for NHPC's future growth and operations.

Signature Global: Realty firm Signature Global Ltd reported a 5% decline in pre-sales to ₹1,540 crore in the fourth quarter of the previous fiscal year. The company's sales bookings fell 20% to ₹8,220 crore in the 2025-26 fiscal year, reflecting broader market challenges. Signature Global primarily develops housing projects in the Gurugram market of Delhi-NCR.

Delhivery: A group of investors collectively bought a 1.6% stake in logistics firm Delhivery from US-based venture capital firm Nexus Venture Partners for ₹530 crore through open market transactions. The shares were purchased at an average price of ₹442 each, with BNP Paribas, SBI Mutual Fund, Edelweiss MF, Nippon India MF, AlphaGrep Investment Management, and ICICI Prudential Life Insurance Company among the buyers.

Info Edge: In its Q4 business update, Info Edge reported a 9.5% YoY growth, in line with the full-year average YoY growth of 10.0%. However, growth moderated due to macroeconomic uncertainty and external geopolitical headwinds, particularly affecting the Naukri Gulf business and the Recruitment India B2B business.