Today's Market at 08:30am
US Market (Futures)
Nasdaq = +302.50
Dow Jones = +459.00
S&P 500 = +77.60
European (Futures)
Ftse 100 = +57.90
&n...
Today's Market at 08:30am
US Market (Futures)
Nasdaq = +302.50
Dow Jones = +459.00
S&P 500 = +77.60
European (Futures)
Ftse 100 = +57.90
Cac 40 = +62.90
Dax = +471.00
Asian
Nikkei 225 = +622.40
ASX 200 = +123.50
Straits Times = +29.36
Hang Seng = +437.43
KOSPI = +34.76
Taiwan weighted = +713.47
Shanghai (SSE) = -1.25
Gift Nifty = 24375.50 (+197.50)
FII and DII Trading Activity for April 22, 2025 in Cash market:
FIIs: Net Buy of ₹1,290.43 crore
DIIs: Net Sell of ₹885.63 crore
Key Corporate Developments and Updates
Infosys:
- The company has incorporated the step-down of wholly owned subsidiary Infosys Energy Consulting Services.
Bharti Airtel:
- The company's arm Bharti Hexacom has signed an agreement with Adani data networks to acquire 400 MHz Spectrum In 26 GHz Band from the company.
IndusInd Bank:
- The bank’s internal audit department reviewing bank microfinance portfolio.
- The audit is about certain concerns which have been brought to the bank’s attention. EY is set to assist the internal audit team and will not be conducting any forensic audit.
Bank of India:
- The bank will consider fundraising via bonds by the end of this month.
Aditya Birla Capital:
- Insurance Regulatory and Development Authority of India has granted the Certificate of Registration to act as Corporate Agent under the IRDAI
PFC, Gensol Engineering:
- Out of the Rs 587-crore loan sanctioned to Gensol Engineering by Power Finance Corp, Rs 352 crore was disbursed.
- Out of which Gensol has paid Rs 45 crore in interest payments.
- A total of Rs 307 crore is pending as of April 18 and PFC is actively trying to recover the pending payment.
Ashoka Buildcon:
- The company received a letter of acceptance worth Rs 569 crore from the Central Railway.
Balrampur Chini Mills:
- The company crushed sugarcane at 99.16 lakh MT for the sugar season 2024-25.
- The net sugar produced was at 9.24 lakh MT and sugar sacrificed at 1.94 lakh MT for the season that ended on April 20.
Suven Pharma:
- The company has received government approval for increasing aggregate foreign investment in the company to above 74%, paving the way for further foreign investment inflows.
Varun Beverages
- The company has commenced commercial production of carbonated soft drinks, juice-based drinks, and packaged drinking water at itself production facility in Prayagraj, Uttar Pradesh.
Gokaldas Exports
- The company has appointed Jyotsna Shahi as its Chief Marketing Officer, effective April 22.
Ambuja Cements:
- The company has completed the acquisition of a 46.66% stake in Orient Cement pursuant to the share purchase agreement
360 ONE WAM:
- 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.
Bharat Forge:
- 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.
PNC Infratech:
- 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
Results Today
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.
Quarterly Earnings
HCL Technologies Q4 (Consolidated QoQ)
- Profit falls 6.2% to Rs 4,307 crore Vs Rs 4,481 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
Bulk Deals:
RBL Bank -
- 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.
Selan Exploration Technology -
- BNP Paribas Financial Markets bought 78,607 equity shares in Selan Exploration at an average price of Rs 576.8 per share.
Resourceful Automobile -
- 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
Source: Moneycontrol, NDTVPROFIT, NSE India, Investing.com
