Today's Market at 08:25 am
US Market (Futures)
Nasdaq = -52.70
Dow Jones = -55.80
S&P 500 = -11.50
European (Futures)
FTSE 100 = +4.50
&nbs...
Today's Market at 08:25 am
US Market (Futures)
Nasdaq = -52.70
Dow Jones = -55.80
S&P 500 = -11.50
European (Futures)
FTSE 100 = +4.50
Cac 40 = +3.90
Dax = +29.00
Asian
Nikkei 225 = +290.64
ASX 200 = +35.30
Straits Times = +55.99
Hang Seng = -12.40
KOSPI = +20.16
Taiwan weighted = +323.36
Shanghai (SSE) = -9.61
Gift Nifty = 23287.00 (+264.50)
FII and DII Trading Activity for April 11, 2025 in Cash market:
FIIs: Net Sell of ₹2,519.03 crore
DIIs: Net Buy of ₹3,759.27 crore
Results Today
ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Indian Renewable Energy Development Agency (IREDA), GM Breweries, Bombay Wire Ropes, Delta Industrial Resources, Hathway Bhawani Cabletel & Datacom, MRP Agro, and Swastik Safe Deposit & Investments will release their quarterly earnings on April 15.
Quarterly Earnings (Provisional Updates):
Sula Vineyards (Q4 YoY)
- Net revenue increased 0.7% to ₹132.6 crore (from ₹131.7 crore).
- Own brands revenue declined 2.9% to ₹109.6 crore (from ₹112.9 crore).
- Wine Tourism revenue surged 24.6% to ₹20.4 crore (from ₹16.4 crore), driven by SulaFest'25, higher spend per guest, aand strong occupancy rates.
NCL Industries (Q4 YoY):
- Cement production rose 8% to 7.90 lakh MT (from 7.29 lakh MT).
- Cement sales up 7% to 7.94 lakh MT (from 7.45 lakh MT).
- Cement boards production fell 5% to 20,767 MT (from 21,976 MT).
- Cement boards sales down 6% to 20,438 MT (from 21,651 MT).
- RMC production & sales dropped 14% to 73,954 CuM (from 85,580 CuM).
- Doors production & sales decreased 23% to 4,725 units (from 6,169 units).
Key Corporate Developments & Updates
Zydus Lifesciences
- Received USFDA approval for Jaythari (Deflazacort) tablets (6, 18, 30, 36 mg) for Duchenne Muscular Dystrophy in patients 5+ years.
- Zydus MedTech (France) SAS to acquire 85.6% stake in Amplitude Surgical SA, France, for €256.8 million.
Ashoka Buildcon
- Lowest bidder for a ₹568.86 crore Central Railway project (gauge conversion, bridges, civil works).
- Sold 100% stake in 16 subsidiaries to Unique Hybrid Renewables Energy as part of restructuring.
Nureca:
- Subsidiary Nureca Technologies received annual USFDA registration for its Mohali, Punjab facility, enabling continued export of medical devices to the US.
Ircon International:
- Received a ₹127.8 crore work order from North Western Railway for microprocessor-based EI system and signaling/telecom works at 20 Ajmer Division stations.
Persistent Systems:
- NCLT Mumbai approved merger of subsidiary Capiot Software into Persistent Systems.
Repco Home Finance:
- Thangappan Karunakaran appointed as MD & CEO (effective April 11), resigns as COO.
JK Cement:
- Board to meet May 24 to consider raising up to ₹500 crore via NCDs, review Q4FY25 results, and consider FY25 dividend.
Canara Bank:
- Nalini Padmanabhan re-nominated as Part-time Non-Official Director for one year.
Union Bank of India:
- Suraj Srivastava re-nominated as Part-time Non-Official (Independent) Director for one year.
Swiggy:
- Sahil Barua (Delhivery founder) resigned as Independent Director due to increased work commitments (effective April 11).
Yatra Online:
- Rohan Purshottamdas Mittal ceased as Group CFO (effective April 10); Anuj Kumar Sethi appointed interim CFO (effective April 11).
Greaves Cotton:
- Parag Satpute appointed as new MD & Group CEO, overseeing all business units.
HCL Technologies:
- Integrated NVIDIA AI Enterprise with AI Force and NVIDIA Omniverse with SmartTwin to accelerate enterprise AI adoption and engineering efficiency.
Sasken Technologies:
- Completed acquisition of Borqs International Holding Corp, expanding into IoT, 5G, and connected consumer devices.
Tata Power Company:
- Subsidiary TPREL signed PPA with NTPC for a 200 MW renewable energy project, raising total renewable utility capacity to 10.9 GW.
Cyient:
- Secured strategic contract to support Green H’s hydrogen production/distribution facility in Norway (joint venture with Luxcara).
Godrej Industries:
- Chemicals business acquired food additives business from Savannah Surfactants (5,200 MTPA capacity in Goa).
Ahluwalia Contracts (India):
- Received ₹396.5 crore residential project order in Uttar Pradesh from Godrej Properties.
Macrotech Developers:
- Lodha brothers and their companies resolved all disputes; Macrotech owns Lodha/Lodha Group brands, Abhinandan Lodha owns House of Abhinandan Lodha.
Transrail Lighting:
- Secured new domestic orders worth ₹1,085 crore.
Havells India:
- Signed term sheet to invest ₹600 crore in Goldi Solar (solar module/inverter manufacturer); post-investment shareholding to be 8.9%–9.24%.
Deepak Fertilisers & Petrochemicals:
- Mukul Kumar Agrawal resigned as President – Manufacturing [Cluster 1 & NPD], effective April 14.
Indian Hotels Company:
- Expanded with 100 new locations in FY25 (74 signings, 26 openings), total portfolio now 380 hotels.
Stock Trades Ex-Dividend:
Hexaware Technologies
Stock Trades Ex-Date for Split:
Kapil Raj Finance
Stocks Trade Ex-Date for Rights:
Onesource Industries and Ventures, Remedium Lifecare
Stock Trades Ex-Date for Spin Off:
Quess Corp
Stock Trades Ex-Date for Income Distribution (InvIT):
Energy Infrastructure Trust
Stocks in F&O ban:
Birlasoft, Hindustan Copper, Manappuram Finance, National Aluminium Company
Source: Moneycontrol, Investing.com, NSE India