Market Update: Key Stocks to Watch Including Nykaa and Godrej Consumer

Original: Stocks in news: Nykaa, Godrej Consumer, Titagarh Rail, Fino Payments Bank, NMDC

The Economic Times•Apr 7, 20262 min

In a Nutshell

Indian stock markets ended Monday with gains of over 1%, driven by a rebound in sentiment. Key stocks in focus include Nykaa, which is in talks to acquire a stake in Deepika Padukone's skincare brand, and NMDC, which raised iron ore prices by up to 11%.

Key Points

01Indian markets gained over 1% on Monday amid volatility.
02Nykaa is negotiating to acquire a stake in Deepika Padukone's skincare brand 82°E.
03NMDC raised iron ore prices by up to 11%, effective April 5, 2026.
04Godrej Consumer expects double-digit sales growth in Q4 FY26.
05Fino Payments Bank reported a 96% growth in loan referrals.

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Full Summary

On Monday, Indian stock markets experienced a volatile session but ultimately closed with gains exceeding 1%. Analysts emphasize that a sustained recovery hinges on a significant drop in crude oil prices and a decrease in India VIX. A break above the 23,000 mark could lead to further gains towards the 23,400-23,500 range, while support is noted between 22,500-22,000. Key stocks include Nykaa, which is in discussions to acquire a stake in Deepika Padukone's skincare brand 82°E, a label struggling with high prices and competition. NMDC, the largest iron ore producer in India, announced an 11% increase in iron ore prices effective April 5, 2026. Godrej Consumer reported steady demand in the FMCG sector, forecasting double-digit sales growth for Q4 FY26. Additionally, Fino Payments Bank highlighted a 96% increase in loan referrals, indicating strong credit potential within its ecosystem.

Key Figures

11%

Increase in NMDC's iron ore prices

96%

Growth in loan referrals at Fino Payments Bank

32%

Annual revenue growth for PC Jeweller in Q4 FY26

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Why It Matters

The increase in iron ore prices may lead to higher costs for construction and manufacturing sectors, potentially affecting consumer prices in the long run.

Who is affected

Manufacturers, consumers, and investors in the stock market.

What to know

Investors should monitor these developments and assess their impact on stock portfolios.

FAQ

The acquisition could enhance Nykaa's product offerings in the premium skincare segment, although 82°E has faced challenges in the market.

The increase in iron ore prices could impact the overall cost structure for industries relying on this raw material, potentially affecting stock prices in related sectors.

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