Stocks to Watch Today (April 21, 2026): Vedanta, TVS Motor, JSW Steel, PNB Housing, Bajaj General and more

Stocks to Watch Today (April 21, 2026): Markets on Tuesday, 21 April, will track a mix of macro developments and stock-specific triggers. Key focus will remain on Vedanta’s demerger timeline, RBI’s forex circular rollback, weak core sector data, and multiple corporate updates across sectors.

Vedanta

Vedanta will remain in sharp focus after clarity on its demerger plan.

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• Demerger scheme will be effective from 1 May.
• The same date has been fixed as record date.
• Shareholders will receive 1:1 shares in each demerged entity.
• Four businesses will be carved out — aluminium, power, iron & steel, and energy.
• Vedanta will retain its base metals business.
• The restructuring aims to unlock value and simplify business structure.

TVS Motor Company

• The company has signed a joint development agreement with Hyundai Motor.
• The partnership will focus on electric three-wheelers in India.
• It includes manufacturing and sales collaboration.
• This signals deeper push into EV mobility.

JSW Steel

• The company will form a joint venture with POSCO.
• The JV will set up a 6 MTPA integrated steel plant in India.
• The project is expected to be operational by 2031.
• This strengthens long-term capacity expansion strategy.

AU Small Finance Bank

• Board meeting scheduled on 27 April.
• The bank will consider fund raising plans.
• Options include QIP, debt, and preferential issue.
• Capital raise may support growth and balance sheet strength.

PNB Housing Finance

• Q4 performance came in strong.
• Consolidated profit rose to about Rs 656 crore from Rs 550 crore YoY.
• NII increased to around Rs 808 crore.
• Numbers were slightly above estimates.
• Asset quality and lending growth remain key monitorables.

Bajaj General Insurance

• Gross direct premium collection declined 1.9 per cent YoY.
• Premium stood at around Rs 1,384 crore.
• Indicates some moderation in growth momentum.

SML Isuzu

• Reported stable earnings growth.
• Profit increased to Rs 54 crore from Rs 53 crore YoY.
• Revenue rose to Rs 898 crore.
• Declared dividend of Rs 23.50 per share.
• Macro and policy updates

RBI Forex Circular

• RBI has withdrawn its earlier 1 April forex trading rule.
• Companies can again book hedge contracts freely.
• Banks can offer hedging in offshore markets as well.
• However, $100 million cap on onshore positions per bank remains.
• This brings relief to exporters and importers.

Core Sector Data

• Eight core sector growth declined 0.4 per cent in March.
• This is the weakest since August 2024.
• Signals slowdown in industrial momentum.
• West Asia tensions may be impacting demand and supply chains.

Trade Deal Outlook

• US envoy indicated that India-US trade deal could be finalised this week.
• A successful deal may boost sentiment in export-oriented sectors.

HPCL Refinery Incident

• Fire reported at HPCL’s Rajasthan refinery.
• PM’s scheduled inauguration has been postponed.
• Operational and safety updates will be tracked.

Wheat Export

Government has approved additional 2.5 MT wheat export.
This may support agri trade flows and pricing.