Strong Quarterly Results from Tata Consumer, LTIMindtree, NHPC, Bajaj Finance, and Others May Cause Intraday Volatility.
Stocks to Watch: The Indian stock market may open slightly down or flat today, mirroring global trends. The GIFT Nifty showed an initial drop of around 40 points, prompting investors to exercise caution. Several company stocks may be in the spotlight during intraday trading today. Here's a look at the stocks to watch:
1. Tata Consumer Products
The company's Q4FY25 net profit increased by 59.2% to ₹345 crore, while net sales rose by 17.3% to ₹4,608 crore. Strong results may lead to significant activity in the stock.
2. LTIMindtree
The IT company reported a net profit of ₹1,128.5 crore for the March quarter, a 2.6% year-on-year and 3.9% quarter-on-quarter increase. Revenue stood at ₹9,771.7 crore. A final dividend of ₹45 per share (4500%) has been declared.
3. Syngene International
The Biocon associate company reported a revenue of ₹1,037 crore and an EBITDA of ₹363 crore. This stock will also be on the radar today.
4. Bajaj Housing Finance
This NBFC's Q4FY25 profit increased by 54% to ₹587 crore. AUM grew by 26% year-on-year to ₹1.15 lakh crore.
5. Dalmia Bharat
The cement company reported a net profit of ₹439 crore, a year-on-year increase of 37.18%, driven by cost control.
6. Auto Stocks
Auto sector stocks may be impacted by reports that the Trump administration is considering relaxing certain tariffs.
7. Bajaj Finance
A board meeting on April 29 will consider an interim dividend, stock split, and bonus shares. Investors are keenly awaiting this meeting.
8. Biocon
The company has approved funding of up to ₹4,500 crore, utilizing both equity and debt options.
9. NHPC
A decision has been made to develop a 1,200 MW solar park in Uttar Pradesh, with a subsidiary investing ₹239 crore.
10. Other Important Updates
BPCL: Will set up Compressed Biogas (CBG) plants through a joint venture with GPS Renewables.
Panacea Biotec: Received a new order worth ₹44 crore from UNICEF.
Adani Green Energy: Signed an agreement for a 1250 MW project with UPPCL.
Niva Bupa Health Insurance: Re-appointment of Krishnan Ramchandran as CEO.
Embassy Office Parks REIT: Plans to raise funds up to ₹6,500 crore.
