Markets in the Red, But India’s Boardrooms Buzz: FIIs Buy Big, Q4 Results Roll In, and Corporate India Makes Bold Moves

 Today's Market at 08:30 AM 
 US Market (Futures) 
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Gift Nifty = 23280.50 (-104.00)

 FII and DII Trading Activity for April 15, 2025 in Cash market: 
FIIs: Net Buy of  crore ₹6,065.78
DIIs: Net Sell of ₹1,951.60 crore

 Results Today 
Wipro, Angel One, Waaree Renewable Technologies, Reliance Industrial Infrastructure, Swaraj Engines, and GTPL Hathway will announce their quarterly earnings on April 16.

Quarterly Earnings:

 Indian Renewable Energy Development Agency (IREDA) 
 Q4 (YoY): 
- Profit rose 48.7% to ₹501.6 crore (vs ₹337.4 crore)
- Net interest income up 47.3% to ₹801.3 crore (vs ₹544 crore)
 FY25 (YoY): 
- Profit increased 35.6% to ₹1,698.3 crore (vs ₹1,252.2 crore)
- Net interest income surged 44.6% to ₹2,602.3 crore (vs ₹1,799.8 crore)

 ICICI Prudential Life Insurance Company: 
 Q4 (YoY): 
- Annual premium equivalent (APE) fell 3.1% to ₹3,502 crore (vs ₹3,615 crore)
- Value of new business (VNB) grew 2.4% to ₹795 crore (vs ₹776 crore)
- VNB margin expanded to 22.7% (vs 21.5%)
- Profit jumped 122.3% to ₹386.3 crore (vs ₹173.8 crore)
- Net premium income up 10.7% to ₹16,369.2 crore (vs ₹14,788.5 crore)
- Net commission rose 0.6% to ₹1,575.2 crore (vs ₹1,565.9 crore)
- Final dividend of ₹0.85 per share declared
 FY25 (YoY): 
- APE increased 15.04% to ₹10,407 crore (vs ₹9,046 crore)
- VNB up 6.4% to ₹2,370 crore (vs ₹2,227 crore)
- VNB margin declined to 22.8% (vs 24.6%)
- Profit up 39.5% to ₹1,189 crore (vs ₹852.4 crore)

 ICICI Lombard General Insurance Company 
 Q4 (YoY): 
- Profit declined 1.9% to ₹509.6 crore (vs ₹519.5 crore)
- Gross premium written up 10.2% to ₹6,903.9 crore (vs ₹6,263.1 crore)
- Net premium written up 15% to ₹5,481 crore (vs ₹4,767.2 crore)
- Operating profit down 25.9% to ₹415.9 crore (vs ₹561.6 crore)
- Underwriting loss narrowed to ₹209.7 crore (vs ₹235.6 crore loss)
- Combined ratio increased to 102.5% (vs 102.3%)

Key Corporate Developments and Updates 

 IndusInd Bank 
- External agency report found discrepancies in derivative deals, with a negative impact of ₹1,979 crore as of June 2024.
- Estimated post-tax adverse impact of 2.27% on net worth as of December 2024.
- Bank to reflect impact in FY25 financials and strengthen internal controls.
 Swiggy: 
- Signed MoU with Ministry of Labour & Employment to boost gig and logistics jobs via the NCS portal, targeting over 12 lakh jobs in 2–3 years.
 Aster DM Healthcare: 
- CCI approved the merger of Quality Care India (QCIL) into Aster DM Healthcare.
- Aster to acquire 5% stake in QCIL before merger.
- Post-merger, Aster will be renamed Aster DM Quality Care; Centella to hold less than 10% stake without control rights.
 Vedanta (Cairn Oil & Gas) 
- Acquired 7 new blocks (4 onshore, 3 shallow water) in OALP Round IX, expanding the portfolio to 69 blocks.
Oil India:
- Secured 9 blocks in OALP Round IX, adding over 51,000 sq. km to exploration portfolio (now 110,000 sq. km, up 85%).
 Mahanagar Gas 
- APM natural gas allocation cut by 18% from April 16, replaced by NWG.
- Expected negative impact on profitability; mitigation measures underway.
 Tata Consultancy Services (TCS) 
- Andhra Pradesh allotted 21.16 acres in Visakhapatnam for ₹0.99.
- TCS to invest ₹1,370 crore and create 12,000 jobs in Vizag unit.
 Gensol Engineering: 
- SEBI barred promoter brothers from directorship/key roles and accessing securities market.
- Stock split on hold; forensic audit ordered, report due in six months.
 Max India: 
- Board approved fundraise of up to ₹125 crore via rights issue.
 NHPC: 
- Declared commercial operation of Unit-4 (200 MW) of Parbati-II HE Project in Himachal Pradesh; Units 1–3 already operational.
 Dabur India: 
- Subsidiary Dabur International FZE to set up a new UK entity for FMCG sales and distribution.
 Lemon Tree Hotels: 
- Signed license agreement for Lemon Tree Resort in Mori Bera, Rajasthan, to be managed by Carnation Hotels; operations to start in FY27.
 Adani Total Gas 
- APM-priced domestic gas allocation reduced by 15% from April 16, offset by NWG.
- Higher NWG cost and lower APM allocation expected to hurt profitability; mitigation efforts ongoing.

 Bulk Deals:
AGS Transact Technologies 
Bajaj Finance has sold 10.12 lakh shares in AGS Transact Technologies at an average price of Rs 7.06 per share.

 Stock Trades Ex-Dividend 
Mazagon Dock Shipbuilders
 Stocks in F&O ban: 
Birlasoft, Hindustan Copper, Manappuram Finance, National Aluminium Company

Source: Moneycontrol, Investing.com, NSE India