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US Market (Futures)
Nasdaq = +110.70
Dow Jones = +174.70
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Nikkei 225 = -67.92
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Gift Nifty = 24168.50 (+80.00)
FII and DII Trading Activity for April 21, 2025 in Cash market:
FIIs: Net Buy of ₹1,970.17 crore
DIIs: Net Buy of ₹246.59 crore
Results Today
HCL Technologies, Mahindra & Mahindra Financial Services, Tata Communications, Havells India, AU Small Finance Bank, Waaree Energies, Cyient DLM, Delta Corp, Hathway Cable & Datacom, Choice International, Huhtamaki India, and Vardhman Special Steels will announce their quarterly earnings on April 22.
Quarterly Earnings Updates
Rajratan Global Wire Q4 (Consolidated YoY)
- Profit sinks 25% to Rs 15.2 crore Vs Rs 20.25 crore
- Revenue rises 4.9% to Rs 251.4 crore Vs Rs 239.6 crore
Alok Industries Q4 (Consolidated YoY)
- Loss narrows to Rs 74.5 crore Vs loss of Rs 215.9 crore
- Revenue declines 35.1% to Rs 953 crore Vs Rs 1,469.3 crore
- Anil Kumar Mungad resigns as Chief Financial Officer of the company, effective April 29
Tata Investment Corporation Q4 (Consolidated YoY):
- Profit plunges 37.6% to Rs 37.7 crore Vs Rs 60.5 crore
- Revenue drops 71.2% to Rs 16.4 crore Vs Rs 57.1 crore
- Board recommends a dividend of Rs 27 per share
Anant Raj Q4 (Consolidated YoY)
- Profit zooms 51.5% to Rs 118.6 crore Vs Rs 78.3 crore
- Revenue grows 22.2% to Rs 540.7 crore Vs Rs 442.6 crore
Himadri Speciality Chemical Q4 (Consolidated YoY):
- Profit jumps 35.1% to Rs 155.6 crore Vs Rs 115.2 crore
- Revenue falls 3.6% to Rs 1,134.6 crore Vs Rs 1,177 crore
- Board approves acquisition of 100% stake in Elixir Carbo for Rs 7.5 crore in cash
Pitti Engineering Q4 (Consolidated YoY):
- Profit sinks 21.4% to Rs 36.1 crore Vs Rs 46 crore
- Revenue surges 39.6% to Rs 468.8 crore Vs Rs 335.9 crore
Mahindra Logistics Q4 (Consolidated YoY)
- Net loss narrows to Rs 6.75 crore Vs loss of Rs 12.85 crore
- Revenue increases 8.2% to Rs 1,569.5 crore Vs Rs 1,450.8 crore
- Hemant Sikka to become MD & CEO (Designate); Rampraveen Swaminathan resigns
Key Corporate Developments and Updates
Steel Stocks like SAIL, JSW Steel, Tata Steel, JSPL:
- The government imposed a 12% safeguard duty on some steel imports from developed economies, China and Vietnam.
- The duty is applicable for 200 days to protect Indian players from cheap Chinese steel imports.
Vedanta:
- Promoter entity Twin Star Holdings (borrower) has signed a Facility Agreement for $530 million with lenders.
- Vedanta Resources and Welter Trading are guarantors to the agreement.
- The Facility Agreement has been entered into for the purpose of servicing the financial indebtedness of the VRL Group.
Tata Power Company:
- The company’s renewable energy subsidiary, Tata Power Renewable Energy (TPREL), has signed a Power Purchase Agreement (PPA) to co-develop a 131 MW wind-solar hybrid renewable energy project.
Hindustan Unilever:
- The company has completed the acquisition of 90.5% shareholding in Uprising through a combination of primary infusion and secondary acquisition for a total cash consideration of Rs 2,706.4 crore.
HG Infra Engineering:
- HG Infra has been declared a qualified bidder by Gujarat Urja Vikas Nigam for 300 MW/600 MWh (out of the total project capacity of 500 MW/1000 MWh) for the setting up of standalone battery energy storage systems in Gujarat.
Gandhar Oil Refinery (India):
- The company has signed a non-binding Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to develop terminal at Vadhvan Port with ~Rs 1,000 crore investment; operations expected by 2030.
One 97 Communications (Paytm):
- The company revamps interest rates and brokerage for its Pay Later (MTF) facility to attract retail and high-value investors.
Nureca:
- The company has received formal approval from the Government of Punjab, Department of Industries & Commerce (Invest Punjab), for the establishment of a new manufacturing facility in Sundra, SAS Nagar, Punjab.
- The unit will focus on the manufacturing of health and wellness equipment.
Coal India:
- The company has signed a non-binding Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC) to set up a 2×800 MW coal-fired ultra supercritical power plant in Jharkhand.
- DVC is a power generator operating in West Bengal and Jharkhand.
Brigade Enterprises:
- The company has signed a Joint Development Agreement for a plotted development project in Malur, East Bengaluru, spanning approximately 20 acres.
- The gross development value of the project is around Rs 175 crore, with a total development potential of 0.45 million square feet.
Gujarat Alkalies and Chemicals:
- The company has dispatched its first consignment of Benzyl Chloride from its new plant at Dahej.
- The company has established a 30,000 TPA Chlorotoluene plant at Dahej with an estimated project cost of Rs 350 crore.
Mazagon Dock Shipbuilders:
- Capt (IN Retd) Jagmohan appointed Chairman & MD, replacing Biju George's interim charge (effective April 21).
Stock Trades Ex-Date for Amalgamation
Rane Engine Valve, Rane Brake Lining
Stocks in F&O ban:
Tata Elxsi, Angel One, Hindustan Copper, IREDA, Manappuram Finance
Source: Moneycontrol, NDTV Profit, Investing.com, NSE India
