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Stocks to watch: Shares of firms like IndusInd Bank, Bajaj Finance, SBI, Vedanta, Infosys, BPCL, and others will be in focus on Wednesday’s trade
Several stocks will remain in focus on Wednesday due to multiple of developments.
Stocks to Watch on April 30: Domestic markets ended flat on Tuesday amid subdued sentiment and a lack of major triggers. On Wednesday, stock-specific action is likely to dominate, with focus on companies reporting quarterly results and key corporate developments.
Q4 Results Today:
Several companies are set to announce their March 2025 quarter earnings, including Adani Power, Indian Oil Corporation, Vedanta, Varun Beverages, Indus Towers, Jindal Steel & Power, Phoenix Mills, Coromandel International, JSW Infrastructure, Bank of India, Federal Bank, Ajanta Pharma, Crisil, Exide Industries, among others.
Corporate Actions:
Shares of Vesuvius India and Tanla Platforms will trade ex-dividend, while Bannari Amman Spinning Mills will trade ex-rights issue today.
Key Stocks in Focus:
- IndusInd Bank: CEO Sumant Kathpalia has resigned, effective April 29. The bank is awaiting RBI approval to appoint an interim executive committee until a new CEO is named.
- Bajaj Finance: Reported 19% YoY growth in net profit at Rs 4,546 crore, with net interest income up 22% at Rs 9,807 crore. AUM rose 26% YoY. The board announced a 4:1 bonus issue, 2:1 stock split, and dividends totaling Rs 56 per share.
- State Bank of India (SBI): The board will meet on May 3 to consider raising equity via FPO, QIP, rights issue, or other means, along with FY25 earnings.
- Bajaj Finserv: Posted a 14.1% rise in net profit at Rs 2,416.6 crore, with 14.2% revenue growth to Rs 36,595.4 crore.
- Infosys: Launched Infosys Topaz for SAP S/4HANA Cloud, an AI-first offering aimed at accelerating digital transformation for enterprises.
- BPCL: Net profit dropped 30.9% YoY to Rs 3,214.1 crore; revenue declined 1.7% YoY to Rs 1.11 lakh crore. Declared a final dividend of ₹5 per share.
- CEAT: Reported an 8.4% decline in net profit at Rs 99.5 crore; revenue rose 14.3% to Rs 3,420.6 crore. Recommended a Rs 30 dividend per share.
- Prestige Estates Projects: Received RERA approval for a new residential project, The Prestige City – Indirapuram in NCR, with an estimated GDV of over Rs 9,000 crore.
- Strides Pharma Science: US arm Strides Pharma Inc. acquired four approved ANDAs from Nostrum Laboratories, expanding its therapeutic portfolio in the U.S.
- Alembic Pharmaceuticals: Received EIR from the USFDA for its oncology formulation facility in Panelav, following an inspection in October 2024.
- V-Mart Retail: The board will consider a bonus share issue on May 2.
- Jana Small Finance Bank: Net profit fell 61.6% YoY to Rs 123.5 crore; net interest income rose marginally to Rs 596.9 crore. Gross NPA dropped to 2.71%, while net NPA remained stable at 0.94%.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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