Indian benchmark indices, the Sensex and Nifty, saw declines on April 9, 2026, snapping a five-day winning streak. Geopolitical tensions and foreign institutional investor outflows contributed to the market downturn. Despite this, several individual stocks including KEC International, NHPC, NTPC, RITES, Info Edge, Redtape, and Uflex were actively watched by investors today due to significant corporate announcements and market movements.
Infrastructure and Power Sector Sees Major Developments
KEC International, a global infrastructure engineering, procurement, and construction (EPC) company, announced new orders worth ₹2,518 crore. These contracts span its civil, transportation, transmission and distribution (T&D), and cables and conductors businesses. The company secured its largest-ever commercial real estate order from a prominent developer in Western India.
In the transportation segment, KEC International won a joint venture order for the Train Collision Avoidance System (TCAS) under India's 'Kavach' program. This initiative aims to enhance safety for Indian Railways. The company also expanded its international footprint in T&D, securing projects for transmission lines and substations in Africa, Europe, and the Americas. VimalKejriwal, Managing Director and CEO of KEC International, expressed optimism about the order wins, noting the civil business milestone and the expanding presence in the TCAS segment. He also highlighted a recovery in Africa's T&D market. KEC International shares surged by as much as 9% following these announcements.[constructionweekonline+14]
NHPCLimited, a leading hydro-power company, saw its shares rise over 2% after the Cabinet Committee on Economic Affairs (CCEA) approved a substantial investment. The CCEA greenlit ₹26,069.50 crore for the Kamala Hydro Electric Project (HEP) in Arunachal Pradesh. This significant project will have an installed capacity of 1,720 megawatts (MW) and is projected to generate approximately 6,870 million units of electricity annually. The project will be executed through a joint venture between NHPC and the Government of Arunachal Pradesh. The central government will provide budgetary support totaling ₹4,743.98 crore for flood moderation and ₹1,340 crore for essential infrastructure such as roads, bridges, and associated transmission systems. NHPC's Board of Directors is also scheduled to meet on April 14, 2026, to consider a proposal for monetizing future cash flows from one or more of its power stations.[m+5]
State-owned power giant NTPC Limited also made headlines by signing a non-binding Memorandum of Understanding (MoU) with Électricité de France (EDF). This agreement aims to explore cooperation in developing new nuclear power projects across India. The MoU follows necessary approvals from relevant government ministries and departments. This strategic move aligns with NTPC's goal to expand into clean and reliable energy sources, supporting India's long-term energy security ambitions, including a target of 100 gigawatts (GW) of nuclear capacity by 2047. NTPC's stock was among the top gainers in the Sensex 30 pack, rising over 2% today.[investywise+8]
Consultancy and Consumer Brands Show Momentum
RITES Limited, the government-owned engineering consultancy and project management firm, announced changes in its senior management. These changes, effective April 8, 2026, include the transfer of Shobhana Palli to Vertical Head – RI & Metro and the appointment of Colonel Mahesh Narayan as Regional Head – SRPO. Additionally, RITES received an amendment to its contract with National Aluminium Company Limited (NALCO). This amendment significantly increased the project value for a railway siding construction at Sankerjang for the Utkal-D Coal Mines. The contract value jumped from ₹79.73 crore to ₹118.89 crore, representing an increase of nearly 49% (excluding GST). RITES' shares jumped 6.7% on the news of the revised deal.[psuconnect+7]
In the consumer goods sector, Redtape Limited announced the acquisition of the international sports footwear brand SPRANDI. This strategic move grants Redtape rights to the brand for India, Nepal, Bhutan, and Sri Lanka. The company aims to expand its brand portfolio and strengthen its presence in the growing athleisure and sports footwear segment. Redtape plans to launch the SPRANDI brand in the Indian market soon, utilizing both online platforms and its existing retail network to achieve significant sales volumes. The acquisition led to positive movement in Redtape shares, which increased by 1.36% to 2.89% today.[tradebrains+6]
Digital and Packaging Updates
Info Edge (India) Ltd., the parent company of Naukri.com and 99acres.com, reported its Q4 FY26 business update. The company posted standalone billings of ₹1,057.1 crore for the quarter ended March 31, 2026, a 7.4% increase year-on-year from ₹983.8 crore. For the full fiscal year 2026, standalone billings rose 10.3% to ₹3,177.5 crore. The recruitment solutions segment, including Naukri, saw billings grow 9.5% in Q4 FY26. However, overall growth was moderated by macroeconomic uncertainty and geopolitical headwinds, particularly impacting the Naukri Gulf business. The 99acres real estate vertical showed a modest 1.9% billing growth, while Jeevansathi, the matrimony service, demonstrated strong growth of 20.9% in Q4 FY26. In contrast, the Shiksha education vertical experienced a 12.9% decline in billings due to pressure from AI-led search trends. Despite a 667% surge in consolidated net profit for Q4 FY25 (reported today for Q4 FY25, not Q4 FY26 as per other sources), Info Edge's stock slipped after the Q4 FY26 business update. Brokerage firms Nomura and HSBC maintained "Buy" ratings on Info Edge, setting target prices of ₹1,500 and ₹1,525 respectively.[entrackr+16]
Uflex Limited, a prominent packaging solutions provider, was also on investors' radar today. An alternative investment fund increased its stake in the company, signaling continued confidence in its growth prospects. Additionally, exchange data showed a block deal on Wednesday, April 8, 2026, where K2 Family Trust sold 750,000 shares of Uflex at ₹340 apiece, which First Water Fund subsequently purchased.[tradebrains+1]
Other Stocks on Watch
NPST,Poonawalla Fincorp, and Delhivery were also among the stocks identified for investor focus today, according to market reports. While specific corporate announcements for these companies were not immediately available, their inclusion on watch lists suggests ongoing market interest or potential future developments.[upstox+1]
Today's market activity highlighted a mixed landscape, with broader indices retreating amidst global concerns. However, company-specific news, particularly strong order wins in infrastructure and strategic expansions in consumer and power sectors, drove notable movements in individual stocks, providing specific opportunities for investors.
