SOURCE : NEW18 NEWS
Last Updated:April 23, 2025, 08:07 IST
Stocks to watch: Shares of firms like LTIMindtree, HCL Tech, Waaree, Delta Corp, Bharat Forge, Airtel, and others will be in focus on Wednesday’s trade
Stocks To Watch
Stocks to Watch on April 23: Markets paused after a strong rally and ended on a flat note in the previous session. On Tuesday, all eyes will be on stocks such as LTIMindtree, Bajaj Housing, HCL Tech, Cyient DLM, Delta Corp, and Waaree Energies, driven by Q4 earnings announcements and key corporate developments.
Q4 Results Today
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The earnings season picks up pace with several major companies set to report their March quarter results. These include: LTIMindtree, Tata Consumer Products, Bajaj Housing Finance, 360 One WAM, Dalmia Bharat, Maharashtra Scooters, Tata Teleservices (Maharashtra), Can Fin Homes, Supreme Petrochem, Tips Music, Tamilnad Mercantile Bank, Syngene International, and Rallis India.
Corporate Actions
Shares of CIE Automotive India, Elantas Beck India, and Schaeffler India will trade ex-dividend today.
Waaree Energies
Waaree Energies reported Q4 revenue of Rs 4,140 crore, up 37.7% YoY, and full-year revenue of Rs 14,846 crore, rising 28% YoY. Net profit surged 34.1% to Rs 618.9 crore.
Delta Corp
The company reported a net profit of Rs 165 crore in Q4, while revenue dipped 1% YoY to Rs 183 crore.
Bharat Forge
The CCI has approved the acquisition of AAM India Manufacturing by Bharat Forge, subject to voluntary modifications.
HCL Technologies
Q4 net profit rose 8.05% YoY to Rs 4,307 crore, while revenue increased 6.1% to Rs 30,246 crore. EBIT fell 6.5%, margins stood at 18%. A dividend of Rs 18 per share was announced.
Bharti Airtel
Bharti Airtel and Bharti Hexacom have inked a deal with Adani Data Networks to acquire 400 MHz spectrum in the 26 GHz band across key regions including Gujarat, Mumbai, and Karnataka.
Mahindra & Mahindra Financial Services
Q4 net profit dropped 9% YoY to Rs 563.1 crore, while net interest income rose 9% to Rs 2,156 crore. Gross loan book jumped 17% to Rs 1.19 lakh crore.
Ambuja Cements
The Adani Group’s cement arm completed the acquisition of a 46.66% stake in Orient Cement.
Tata Communications
Net profit surged 223.6% YoY to Rs 1,040.5 crore, driven by exceptional gains. Revenue grew 6.1% YoY to Rs 5,990.4 crore. A final dividend of Rs 25 per share was declared.
Power Finance Corporation
PFC has filed a complaint against Gensol Engineering with the Economic Offences Wing over unpaid dues of Rs 307 crore related to an EV leasing agreement.
AU Small Finance Bank
Q4 net profit rose 36% YoY to Rs 503.7 crore, while net interest income grew 51% YoY. The bank declared a Re 1 dividend per share.
Varun Beverages
The company has commenced commercial production at its new Prayagraj facility, manufacturing soft drinks, juice-based beverages, and packaged water.
360 One WAM
CCI approved its investment in Bharti Axa Life Insurance, including acquisition and subscription of equity shares.
PNC Infratech
The company has been declared L1 bidder for a flyover construction project in Bharatpur, worth Rs 239.94 crore.
Ashoka Buildcon
Received LoA worth Rs 568.86 crore from Central Railway for gauge conversion and civil infrastructure works between Pachora and Jamner.
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