Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Tata Consumer Products, LTIMindtree, Astec Lifesciences, Bajaj Housing Finance, 360 ONE WAM, Can Fin Homes, Dalmia Bharat, Den Networks, Gravity India, Maharashtra Scooters, Rallis India, Supreme Petrochem, Syngene International, Thyrocare Technologies, Tamilnad Mercantile Bank, Tata Teleservices (Maharashtra), and Wendt (India) will release quarterly earnings on April 23.
HCL Technologies Q4 (Consolidated QoQ)
Profit falls 6.2% to Rs 4,307 crore Vs Rs 4,591 crore
Revenue rises 1.2% to Rs 30,246 crore Vs Rs 29,890 crore
Revenue in dollar terms declines 1% to $3,498 million Vs $3,533 million
EBIT declines 6.5% to Rs 5,442 crore Vs Rs 5,821 crore
EBIT margin drops to 18% Vs 19.5%
Board declares an interim dividend of Rs 18 per share for FY25
HCL Technologies FY26 Guidance
Revenue growth expected to be between 2-5% in constant currency
Services revenue growth expected to be between 2-5% in constant currency
EBIT margin expected to be between 18-19%
M&M Financial Services Q4 (Standalone YoY)
Profit slips 9% to Rs 563.1 crore Vs Rs 619 crore
Net interest income increases 9% to Rs 2,156 crore Vs Rs 1,971 crore
Disbursements grows 2% to Rs 15,530 crore Vs Rs 15,292 crore
Gross loan book rises 17% to Rs 1,19,673 crore Vs Rs 1,02,597 crore
Cyient DLM Q4 (Consolidated YoY)
Profit zooms 36.5% to Rs 31 crore Vs Rs 22.7 crore
Revenue grows 18.3% to Rs 428 crore Vs Rs 361.8 crore
Tata Communications Q4 (Consolidated YoY)
Profit spikes 223.6% to Rs 1040.5 crore Vs Rs 321.5 crore
Revenue rises 6.1% to Rs 5,990.4 crore Vs Rs 5,645 crore
Gain on sale of subsidiary at Rs 311.2 crore Vs Nil
Exceptional gain stands at Rs 577.8 crore Vs exceptional loss of Rs 52.11 crore
Board recommends final dividend of Rs 25 per share
Waaree Energies Q4 (Consolidated YoY)
Profit zooms 34.1% to Rs 618.9 crore Vs Rs 461.5 crore
Revenue grows 36.4% to Rs 4,003.9 crore Vs Rs 2,935.8 crore
AU Small Finance Bank Q4 (QoQ)
Profit falls 4.7% to Rs 503.7 crore Vs Rs 528.4 crore
Net interest income rises 3.5% to Rs 2,093.9 crore Vs Rs 2,022.7 crore
Gross NPA drops to 2.28% Vs 2.31%
Net NPA declines to 0.74% Vs 0.91%
Provisions and contingencies jump to Rs 635.1 crore Vs Rs 501.7 crore
Huhtamaki India Q4 (YoY)
Profit rises 0.5% to Rs 26.2 crore Vs Rs 26.03 crore
Revenue falls to Rs 609.9 crore Vs Rs 610.1 crore
Delta Corp Q4 (Consolidated YoY)
Profit surges 127.3% to Rs 164.6 crore Vs Rs 72.4 crore
Revenue declines 1.2% to Rs 182.7 crore Vs Rs 184.9 crore
Exceptional gains increase to Rs 212.14 crore Vs Rs 55.66 crore
Stocks to Watch
The company and its subsidiary, Bharti Hexacom, have entered into definitive agreements with Adani Data Networks, a subsidiary of Adani Enterprises, to acquire rights to use 400 MHz of spectrum in the 26 GHz band across Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu, from Adani Data Networks.
The Competition Commission of India (CCI) has approved the acquisition of certain equity shares of Bharti Axa Life Insurance Company by 360 ONE Private Equity Fund (owned by 360 ONE WAM), and the subscription of certain equity shares in Bharti Axa Life by 360 ONE and Bharti Life Ventures.
The Competition Commission of India (CCI) has approved the acquisition of 100% equity shareholding of AAM India Manufacturing Corporation by Bharat Forge, with voluntary modifications.
The company has been declared the L1 (lowest) bidder for a project worth Rs 239.94 crore—construction of a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur city, Bharatpur—on EPC mode, awarded by PWD-Rajasthan.
The company has received a Letter of Acceptance for a project worth Rs 568.86 crore from Central Railway. The project involves construction of earthwork, major bridges, minor bridges, RUBs, P. Way work, and miscellaneous civil works in connection with gauge conversion work from Pachora to Jamner (excluding Pachora Yard) and road over bridges for Central Railway.
The company has filed a complaint with the Economic Offences Wing of the police against Gensol Engineering regarding falsification of documents. PFC stated that Rs 307 crore out of Rs 352 crore disbursed to Gensol for EV leasing in 2023 remains unpaid and that it is actively pursuing options to address the situation.
The company has commenced commercial production of carbonated soft drinks, juice-based drinks, and packaged drinking water at its production facility in Prayagraj, Uttar Pradesh.
The company has appointed Jyotsna Shahi as its Chief Marketing Officer, effective April 22.
The company has completed the acquisition of a 46.66% stake in Orient Cement pursuant to the share purchase agreement.
Bulk Deals
British International Investment Plc has exited RBL Bank by selling its entire 3.82% stake at an average price of Rs 184.74 per share, amounting to Rs 428.57 crore. Unity Associates net sold 88.1 lakh shares in the bank at an average price of Rs 187.39 per share.
BNP Paribas Financial Markets bought 78,607 equity shares in Selan Exploration at an average price of Rs 576.8 per share.
Plutus Capital Management LLP bought 30,000 equity shares in the company at an average price of Rs 59.68 per share.
Stocks Trade Ex-Dividend
CIE Automotive India
Schaeffler India
Elantas Beck India
Stock Trades Ex-Date for Income Distribution RITES
Property Share Investment Trust - Propshare Platina
Stocks in F&O ban
RBL Bank, Manappuram Finance
Stocks removed from F&O ban
Angel One, Hindustan Copper, IREDA, Tata Elxsi
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