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Stocks to watch: Shares of firms like Bajaj Finance, TVS Motor, Tata Motors, Trent, Ambuja, NTPC Green, and others will be in focus on Tuesday’s trade
Stocks To Watch
Stocks To Watch On April 29: Equity markets began the week on a strong note, gaining over a percent on Monday, buoyed by positive cues. In Tuesday’s trade, several stocks are expected to remain in focus due to corporate developments and Q4 earnings announcements. These include Bajaj Finance, Ambuja Cements, Ultratech Cement, Dr. Reddy’s Laboratories, and Adani Total Gas.
Bajaj Finance, Bajaj Finserv, Trent, Ambuja, BPCL, NTPC Green: These companies are scheduled to announce their Q4 results today, which will likely drive investor sentiment and stock movement.
Adani Total Gas:
The Adani Group company reported a 7.9 percent year-on-year decline in consolidated net profit for Q4FY25 at Rs 154.59 crore. However, revenue from operations rose 15.4 percent to Rs 1,453.37 crore, aided by higher volume and improved sales realisation.
Adani Green Energy:
The company posted a 53.3 percent increase in consolidated net profit for the March quarter at Rs 230 crore. Revenue from operations rose 21.6 percent year-on-year to Rs 3,073 crore. For the full year, EBITDA grew 22 percent YoY to Rs 8,818 crore, with a robust EBITDA margin of 91.7 percent.
TVS Motor:
The two-wheeler manufacturer reported a 67.5 percent year-on-year rise in Q4 net profit to Rs 648.16 crore, supported by stable demand and steady performance across its core businesses. Revenue from operations rose 16.09 percent YoY to Rs 11,542 crore.
UltraTech Cement:
The Aditya Birla Group company reported a 9.92 percent YoY rise in Q4FY25 net profit to Rs 2,482.04 crore, driven by a 17 percent growth in sales volumes to 41.02 million tonnes and improved grey cement realisations.
Oberoi Realty:
The company’s Q4FY25 net profit declined 45.03 percent YoY to Rs 433.2 crore due to the absence of new launches during the quarter. The profit also missed Bloomberg’s analyst poll estimate of Rs 570 crore.
Central Bank of India:
The state-run lender reported a 28.13 percent YoY rise in Q4 net profit to Rs 1,033.6 crore, aided by higher non-interest income and lower provisions.
Go Digit General Insurance:
The company’s Q4FY25 net profit more than doubled to Rs 115.61 crore from Rs 52.66 crore a year ago. Gross written premium (GWP) rose 10 percent YoY to Rs 2,576.38 crore, though net premium income fell 3.13 percent to Rs 2,033.78 crore.
IDBI Bank:
The bank posted a 26 percent YoY rise in Q4 net profit to Rs 2,051 crore, supported by a rise in non-interest income. For the full year FY25, net profit jumped 33 percent to Rs 7,515 crore.
Nippon Life India Asset Management:
The asset management company reported a consolidated net profit of Rs 298.6 crore for Q4FY25, down 13 percent YoY but up 1.1 percent sequentially.
Tata Motors:
The automaker announced that its board will meet on May 2 to consider a proposal to raise up to Rs 500 crore via private placement of securities.
IndusInd Bank:
Deputy CEO Arun Khurana has resigned, just weeks after the bank disclosed accounting lapses in its derivatives portfolio, which had triggered a sell-off in its shares. Khurana was heading the global markets division.
Tata Technologies:
As per media reports, TGP Rise Climate is planning to sell a 3.9 percent stake (15.86 million shares) in Tata Technologies through block deals, with the price range set between Rs 670 and Rs 698.5 per share.
Gensol Engineering:
The Enforcement Directorate has conducted search operations at the company’s premises in Gurgaon and Ahmedabad, seizing documents and electronic devices. The financial impact of the raids is yet to be determined.
Wipro:
The IT services firm announced it has been selected by Vorwerk to manage and modernize its IT infrastructure as part of a five-year strategic partnership.
CESC:
The company signed a 25-year Power Purchase Agreement (PPA) with its subsidiary, Bhojraj Renewables Energy, for a 300 MW wind-solar hybrid project at a tariff of Rs 3.81 per kWh, subject to approval from the West Bengal Electricity Regulatory Commission.
H.G. Infra Engineering:
The company’s subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited, has received a provisional certificate for a Rs 1,123 crore project, declaring it fit for commercial operations from January 8, 2025.
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