Summary:
Indian markets on 4 May 2026 saw strong stock-specific moves driven largely by Q4 FY26 earnings and corporate updates. Cemindia Projects, Dr. Lal PathLabs, and R R Kabel emerged as top gainers after strong results and business developments. On the losing side, Zen Technologies, Kajaria Ceramics, and GRSE declined amid weak earnings, muted growth, and sector pressure.
Cemindia Projects was the standout performer of the day, climbing 17% to a high of ₹968.40 by 2:30 PM. Volume told the same story: 215.37 lakh shares changed hands, roughly 12 times the 30-day average of 17.5 lakh shares. The buying came after the company reported a strong Q4 FY26. Revenue grew 17% YoY to ₹2,973 crore from ₹2,532 crore. EBITDA surged 66% to ₹450 crore, with margins expanding from 10.7% to 15.1%. PAT more than doubled, up 114% to ₹242 crore, with net margins improving from 4.5% to 8.1%.
For the full year FY26, revenue grew 9% to ₹10,061 crore. EBITDA was up 28% to ₹1,199 crore, and PAT rose 60% to ₹598 crore. The company also pointed to an order book of ₹14,821 crore heading into FY27, which gives reasonable visibility on execution going forward.
Dr. Lal PathLabs gained 15%, reaching a high of ₹1,640.60 by 2:30 PM. Traded volume came in at 76.54 lakh shares, 13.5 times the 30-day average of 5.66 lakh shares. The sharp move was triggered by the company's announcement that it completed the acquisition of 100% equity in Shahbazkers Diagnostic Centre Private Limited on 1 May 2026.
On the operating side, Q4 FY26 was steady. Revenue grew 16.6% YoY to ₹703 crore from ₹603 crore. EBITDA rose 10.5% to ₹187 crore, and PAT increased 15.1% to ₹132 crore. Patient volumes grew 8.2% and samples rose 12.9% during the quarter. For the full year FY26, revenue was up 12.2% to ₹2,763 crore, EBITDA grew 12.5% to ₹783 crore, and PAT came in 17.9% higher at ₹532 crore. The SwasthFit segment continued to expand steadily through the year.
R R Kabel rose 12% to a high of ₹1,796 by 2:30 PM, with 40.50 lakh shares traded about 9 times the 30-day average of 4.51 lakh shares. The company reported its highest-ever quarterly and annual revenue in Q4 FY26 and crossed the $1 billion revenue milestone for the year.
For Q4 FY26, revenue grew 33.7% YoY to ₹2,964 crore. EBITDA rose 34.6% to ₹263.5 crore, and PAT increased 30.1% to ₹168 crore, driven by strong demand in the wires and cables segment. For the full year, revenue was up 27.6% to ₹9,722 crore. EBITDA jumped 61.8% to ₹789 crore and PAT rose 58% to ₹492 crore, with margin improvement coming through on the back of operating efficiencies and scale.
Zen Technologies fell over 10% amid heavy selling. Volume was elevated at 22.90 lakh shares, around 2.5 times the 30-day average of 9.05 lakh shares. The selling followed a sharp deterioration in Q4 FY26 results. Revenue fell 45.2% YoY to ₹178.08 crore from ₹324.97 crore. EBITDA declined 54.7% to ₹73.69 crore, and net profit dropped 68.8% to ₹31.53 crore from ₹101.04 crore in Q4 FY25. Management attributed the weak quarter to delays in order conversion and said FY27 execution visibility is now more clearly defined, with an order book of ₹1,336 crore at the close of FY26.
Kajaria Ceramics slipped 7% on Monday with 11.28 lakh shares traded against a 30-day average of 4.88 lakh shares. The fall came despite a reasonably decent Q4 result. Revenue grew about 12% YoY to ₹1,373 crore from ₹1,226 crore in Q4 FY25. For the full year FY26, however, revenue grew only 3% to ₹4,832 crore from ₹4,683 crore in FY25. The muted full-year growth, even as the tiles business held steady, appears to have weighed on investor sentiment on a day when the broader market was looking for stronger numbers.
Garden Reach Shipbuilders and Engineers fell 6% despite reporting a genuinely strong set of results. Volume came in at 29.21 lakh shares, marginally above the 30-day average of 26.3 lakh shares. Revenue in Q4 FY26 rose 29.1% YoY to ₹2,119 crore from ₹1,642 crore. EBITDA grew 27.3% to ₹426 crore and PAT increased 24.1% to ₹303 crore. For the full year FY26, revenue grew 38% to ₹7,002 crore and PAT rose 42% to ₹748 crore. The fall in GRSE appears to reflect broader sector-level pressure on defence shipbuilding stocks rather than anything specific to the company's own numbers, which were healthy by most measures.
May 4,2026 was characterized by a market that was mainly influenced by individual company-related news and earnings. There was a clear positive momentum shown by Cemindia Projects, Dr. Lal PathLabs, and R R Kabel, who made a huge gain following their excellent quarterly financials, aggressive growth strategy, and huge volume gains.
However, stocks such as Zen Technologies, Kajaria Ceramics, and GRSE experienced a fall in prices mainly because of profit taking, underperformance, or poor growth prospects.
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