15 Apr , 2025 By : Debdeep Gupta
Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Results Today
ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Indian Renewable Energy Development Agency (IREDA), GM Breweries, Bombay Wire Ropes, Delta Industrial Resources, Hathway Bhawani Cabletel & Datacom, MRP Agro, and Swastik Safe Deposit & Investments will release their quarterly earnings on April 15.
Quarterly Earnings (Provisional Updates)
Sula Vineyards (Q4 YoY)
Net revenue grows 0.7% to Rs 132.6 crore Vs Rs 131.7 crore
Own brands revenue drops 2.9% to Rs 109.6 crore Vs Rs 112.9 crore
Wine Tourism revenue jumps 24.6% to Rs 20.4 crore Vs Rs 16.4 crore
SulaFest'25, higher spend per guest, strong occupancy rates lift Wine Tourism revenue
NCL Industries (Q4 YoY)
Cement production increases 8% to 7.90 lakh MT Vs 7.29 lakh MT
Cement sales grow 7% to 7.94 lakh MT Vs 7.45 lakh MT
Cement boards production drops 5% to 20,767 MT Vs 21,976 MT
Cement boards sales down 6% at 20,438 MT Vs 21,651 MT
RMC production & sales decline 14% to 73,954 CuM Vs 85,580 CuM
Doors production & sales dip 23% to 4,725 units Vs 6,169 units
Stocks to Watch
Zydus Lifesciences
The pharma company has received final approval from the United States Food and Drug Administration (USFDA) to manufacture Jaythari (Deflazacort) tablets, available in 6 mg, 18 mg, 30 mg, and 36 mg strengths. Deflazacort is a corticosteroid indicated for the treatment of Duchenne Muscular Dystrophy (DMD) in patients aged 5 years and older. Additionally, Zydus' subsidiary, Zydus MedTech, has incorporated a wholly owned subsidiary named Zydus MedTech (France) SAS, which will acquire an 85.6 percent stake in Amplitude Surgical SA, France, for €256.8 million.
Ashoka Buildcon
The company has emerged as the lowest bidder for a project worth Rs 568.86 crore awarded by Central Railway. The project involves the construction of earthwork, major bridges, minor bridges, RUBs, P-Way work, and miscellaneous civil works in connection with the gauge conversion work from Pachora to Jamner (excluding Pachora Yard), as well as road overbridges for Central Railway. Additionally, as part of its strategic restructuring plan, the company has sold its entire 100% stake in 16 of its wholly owned subsidiary companies to another subsidiary, Unique Hybrid Renewables Energy.
Nureca
The company's subsidiary, Nureca Technologies, has received its annual registration with the United States Food and Drug Administration (USFDA). Its manufacturing facility in Mohali, Punjab, is now registered with the USFDA. This registration authorizes Nureca Technologies to continue manufacturing and exporting a suite of medical devices to the United States.
Ircon International
The company has received a work order worth Rs 127.8 crore from S&T (Construction), North Western Railway, Indian Railways, for the design, manufacture, supply, installation, testing, and commissioning of a microprocessor-based EI system at 20 stations of the Ajmer Division. The work also includes automatic block signaling and associated indoor and outdoor works of signaling and telecom systems/gears.
Persistent Systems
The National Company Law Tribunal (NCLT), Mumbai, has approved the merger of the company’s subsidiary, Capiot Software, into Persistent Systems.
Repco Home Finance
The Board has approved the appointment of Thangappan Karunakaran as Managing Director & Chief Executive Officer of the company, effective April 11. Consequently, Thangappan Karunakaran has resigned from the post of Chief Operating Officer.
JK Cement
The Board will meet on May 24 to consider raising funds through the private placement of non-convertible debentures (NCDs) of up to Rs 500 crore in one or more tranches. On the same date, the Board will also consider the audited (consolidated and standalone) financial results for Q4FY25 and the declaration of a dividend for FY25, if any.
Canara Bank
The Central Government has re-nominated Nalini Padmanabhan as Part-time Non-Official Director on the Board of Directors of the bank for a period of one year.
Union Bank of India
The Central Government has re-nominated Suraj Srivastava as Part-time Non-Official Director (Independent Director) on the Board of the bank for a period of one year.
Swiggy
Sahil Barua, the founder of Delhivery, has resigned as Independent Director of Swiggy due to increased work commitments, effective April 11.
Yatra Online
Rohan Purshottamdas Mittal has ceased to be the Group Chief Financial Officer of the company, effective April 10. The Board has appointed Anuj Kumar Sethi as the interim Chief Financial Officer (CFO) of the company, effective April 11, until a new CFO is appointed by the Board.
Greaves Cotton
The multi-product engineering company has appointed Parag Satpute as its new Managing Director and Group Chief Executive Officer. Satpute will oversee the strategy and operations of Greaves Engineering, Greaves Retail, Greaves Technologies, and Excel Controlinkage.
HCL Technologies
The global technology company has integrated NVIDIA AI Enterprise with its GenAI-led service transformation platform, AI Force, and NVIDIA Omniverse with its physical AI solution, SmartTwin. These integrations aim to drive faster AI adoption for enterprises by streamlining software development cycles and enhancing engineering efficiency.
Sasken Technologies
The company has completed the acquisition of Borqs International Holding Corp, which will help expand its portfolio in high-demand areas such as IoT, 5G, and connected consumer devices.
Tata Power Company
The company's subsidiary, Tata Power Renewable Energy (TPREL), has signed a Power Purchase Agreement (PPA) with NTPC to develop a 200 MW firm and dispatchable renewable energy (FDRE) project. With this project, TPREL’s total renewable utility capacity has reached 10.9 GW.
Cyient
The engineering solutions company has received a strategic contract to support Green H in the development and execution of its hydrogen production and distribution facility at Langstranda in Bodø, Norway. The project is part of a joint venture between Green H and Luxcara.
Godrej Industries
The company’s chemicals business has completed the acquisition of the food additives business from Savannah Surfactants. Savannah Surfactants has a manufacturing capacity of 5,200 MTPA of finished products in Goa.
Ahluwalia Contracts (India)
The company has received a residential project worth Rs 396.5 crore in Uttar Pradesh from Godrej Properties.
Macrotech Developers
The Lodha brothers—elder brother Abhishek Lodha and younger brother Abhinandan Lodha—and the companies they lead have amicably resolved all outstanding disputes under the guidance of their parents. Macrotech Developers owns the brand names Lodha and Lodha Group, while Abhinandan Lodha owns House of Abhinandan Lodha.
Transrail Lighting
The EPC company has secured new orders worth Rs 1,085 crore in the domestic market.
Havells India
The FMEG company has signed a binding term sheet to invest Rs 600 crore in Gujarat-based solar module and inverter manufacturer Goldi Solar. Havells' investment is part of a proposed fundraise by Goldi of up to Rs 1,300 crore, which is expected to be completed within the next 75 days. Post-investment, Havells’ shareholding in Goldi will range from 8.9% to 9.24%.
Deepak Fertilisers & Petrochemicals Corporation
Mukul Kumar Agrawal has resigned as President – Manufacturing [Cluster 1 & NPD] of the company due to personal reasons, effective April 14.
Indian Hotels Company
The company has expanded its footprint with 100 new locations, comprising 74 signings and 26 openings in FY25, taking its total portfolio to 380 hotels.
Stock Trades Ex-Dividend
Hexaware Technologies
Stock Trades Ex-Date for Split
Kapil Raj Finance
Stocks Trade Ex-Date for Rights
OneSource Industries and Ventures, Remedium Lifecare
Stock Trades Ex-Date for Spin Off
Quess Corp
Stock Trades Ex-Date for Income Distribution (InvIT)
Energy Infrastructure Trust
Stocks in F&O ban
Birlasoft, Hindustan Copper, Manappuram Finance, National Aluminium Company
0 Comment