Keep an eye on Mahindra Logistics, Vedanta, Steel Stocks, Tata Power, and HUL today. Significant market movements may result from safeguard duties, new PPAs, and acquisitions.
Stocks to Watch: The Indian stock market (Stock Market) is expected to open slightly up or flat on Tuesday, April 22, 2025, as Gift Nifty Futures opened at 24,152. However, the market saw a b rally on Monday due to the strength in the banking and financial sector (Banking and Financial Sector).
Mahindra Logistics: Strong Profit Expected
Mahindra Logistics reported a standalone profit after tax (PAT) of ₹13.12 crore for the January-March quarter, a 67 percent increase. The company's profit for the same quarter last year was ₹7.86 crore.
Tata Investment Corporation: Profit Decline
Tata Investment Corporation reported a net profit of ₹37.7 crore for the fourth quarter ended March 31, 2025, a decrease of approximately 38 percent compared to the previous year. Revenue from operations fell by 71 percent to ₹16.4 crore.
Steel Stocks: Government Imposes 12% Safeguard Duty
Steel companies will be in the spotlight on Tuesday, as the government has imposed a 12 percent temporary safeguard duty on certain steel products to protect the domestic industry. This duty will be in effect for 200 days, with no exemptions for China and Vietnam.
Vedanta: New $530 Million Facility Agreement
Vedanta has signed a $530 million facility agreement with Twin Star Holdings Limited to address its financial obligations.
Gandhar Oil Refinery (India): New Agreement Signed
Gandhar Oil Refinery has signed a non-binding Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority for terminal development at Vadhavan Port.
Tata Power: Renewable Energy Project
Tata Power has signed a Power Purchase Agreement (PPA) with Tata Motors for the development of a 131-megawatt wind-solar hybrid renewable energy project.
Mazagon Dock Shipbuilders: New Managing Director Appointed
Mazagon Dock Shipbuilders has appointed Jagmohan as its Managing Director and CEO, as designated by the Ministry of Defence. He has 25 years of experience with the Indian Navy.
Hindustan Unilever: New Acquisition
Hindustan Unilever has completed the acquisition of a 90.5 percent stake in Upraising for ₹2,706 crore in cash.
Brigade Enterprises: New Joint Development Agreement Signed
Brigade Enterprises has signed a joint development agreement for a new plotted development project in Bengaluru.
