Market expects surge after Donald Trump's 90-day tariff moratorium; impact on IT, Pharma, shrimp exports, and stocks like TCS, Adani.
Stocks to Watch: The domestic stock market is expected to open bly, driven by global cues. Positive sentiments are seen in global markets following US President Donald Trump's 90-day temporary suspension of reciprocal tariffs. As a result, the Indian stock market (Sensex-Nifty) may open with a 2% surge today. A rise of up to 5% is anticipated in sectors like IT and Pharma.
TCS Q4 Results: Profit Decline
Tata Consultancy Services' net profit for the March quarter fell by 1.7% year-on-year to ₹12,224 crore. However, the company's total income increased by 5.2% to ₹64,479 crore. While the company's growth remained limited, the long-term outlook remains b.
Anand Rathi Wealth: Profit up 30%, ₹7 dividend declared
Anand Rathi Wealth reported a net profit of ₹74 crore in Q4FY25, a 30% increase compared to the previous year. Total revenue rose by 22% to ₹241.4 crore. The company declared a final dividend of ₹7 per share.
Shrimp Exporters in Focus
Shrimp exporting companies are expected to directly benefit from the US tariff pause. Stocks like Avanti Feeds and Apex Frozen Foods may see a rise today.
Pharma & IT Stocks: Relief Expected After Sell-off
After the heavy sell-off in IT and Pharma stocks due to tariff fears in recent days, a recovery is possible. The Trump administration's announcement has improved investor sentiment.
Hindustan Copper: Production Resumes at Khetri Mine
Hindustan Copper announced that ore production has resumed at the Kolihan mine in Khetrinagar, Rajasthan, giving a boost to the company's operations.
SRF Limited: Dahej Plant Commences Operations, ₹239 Crore Investment
SRF announced that its new agrochemical intermediate plant in Dahej, Gujarat, commenced operations on April 10th. This project is part of the company's long-term plan.
BLS International: Acquisition Process of Dominican Republic Unit Begins
BLS International's subsidiary, BLS International FZE, has initiated the process of acquiring a 99.90% stake in BLS Ventures SRL, based in the Dominican Republic.
Adani Enterprises: Copper Smelter Plant to Commence Soon
Adani Enterprises plans to launch a copper smelter plant in India. According to a Reuters report, the unit may become operational within the next four weeks.
Coromandel International: MoU with Saudi Arabian Company Ma'aden
The company has signed an MoU with Saudi Arabia's Ma'aden for long-term supply of DAP and NPK fertilizers, strengthening its supply chain.
Tata Motors: Record Increase in Jaguar Land Rover Retail Sales
Jaguar Land Rover recorded its highest ever annual retail sales in FY25. The company sold 6,183 units, a 40% increase compared to the previous year.
