Significant Market Movement Expected in HCLTech, Airtel, Ambuja, and Havells Stocks on April 23rd, driven by positive global indicators and FII buying.
Stocks to Watch: The Indian stock market is poised for a bullish run on Wednesday, April 23rd, 2025. Positive signals from global markets and buying by Foreign Institutional Investors (FIIs) have boosted market sentiment. GIFT Nifty also indicates a b opening for the domestic market, although at 7 am it was trending down by 221 points or 0.91%, at 24,390.
Stocks attracting significant attention today include HCLTech, Airtel, Ambuja Cements, Havells, Tata Comm, AU SFB, Varun Beverages, and others. Let's examine the reasons behind this:
HCLTech
HCL Tech reported a consolidated net profit of ₹4,307 crore in the March quarter, a year-on-year increase of 7.81%. Although the company's revenue was ₹30,246 crore, slightly lower than the projected ₹30,275 crore, it still showed a 6.1% growth. This b performance could boost the stock price.
Hathway Cable & Datacom
This cable and internet service provider reported a quarterly profit of ₹34.8 crore, an improvement over the previous quarter. Operational revenue stood at ₹513.15 crore, exceeding the previous year's ₹493.37 crore.
AU Small Finance Bank
The Jaipur-based bank reported a Q4 net profit of ₹504 crore, showing a year-on-year growth of 18%. Increased Net Interest Income and other income were key contributors.
Havells India
Havells delivered a b performance, recording a profit of ₹518 crore, a year-on-year growth of 16%. The company's operational income was ₹6,544 crore, significantly higher than analysts' estimates of ₹6,232 crore.
Tata Communications
Driven by b demand for data services, the company reported a PAT of ₹336 crore, a year-on-year increase of 15%. This stock will be in focus for investors in the technology sector.
Ambuja Cements
This Adani Group company has become a promoter in Orient Cement Ltd after acquiring a 37.8% stake. Ambuja's total stake now stands at 46.66%, indicating potential active movement in the stock.
Gensol Engineering & Power Finance Corp (PFC)
PFC has filed a fraud complaint against Gensol with the EOW, and investigations are underway. This negative news could impact the stocks of both companies in the short term.
Muthoot Fincorp
The NBFC has acquired approximately 1% stake in BankBazaar by investing ₹15 crore. This investment is part of a strategy to strengthen its digital platform.
Bharti Airtel
Airtel and its unit Bharti Hexacom have signed an agreement with Adani Data Networks for spectrum sharing in the 26 GHz band. This will further strengthen the company's position in 5G technology.
PNC Infratech
The company has secured a ₹239.94 crore project for flyover construction in Bharatpur, Rajasthan, providing b support to its order book.
Ashoka Buildcon
The company has received a ₹568.86 crore gauge conversion project from Central Railway. This project is related to the Pachora-Jamner section in Maharashtra.
Varun Beverages
Varun Beverages has commenced commercial production at its Prayagraj plant. The plant will produce carbonated drinks, juices, and packed water. This could boost the company's revenue in the coming quarter.
