Markets Mixed, Bulls and Bears Collide: Asia Cheers, West Sighs as Earnings Deluge Hits Street

Today's Market at 08:35 am 

 US Market (Futures) 

      Nasdaq = -51.00

      Dow Jones = -115.60

      S&P 500 = -10.70

 European (Futures) 

      Ftse 100 = -14.20

      Cac 40 = -6.90

      Dax = -22.50

 Asian 

      Nikkei 225 = +295.87

      ASX 200 = +48.60

      Straits Times = +13.87

      Hang Seng = -219.62

      KOSPI = -13.53

      Taiwan weighted = -119.99

      Shanghai (SSE) = +1.59

Gift Nifty = 24257.00 (-60.50)

 

 FII and DII Trading Activity for April 23, 2025 in Cash market: 

FIIs: Net Buy of ₹3,332.93 crore

DIIs: Net Sell of ₹1,234.46 crore

 

Results Today

Hindustan Unilever, Axis Bank, SBI Life Insurance Company, Tech Mahindra, Nestle India, ACC, Adani Energy Solutions, Cyient, Indian Energy Exchange, Laurus Labs, Macrotech Developers, L&T Technology Services, Mphasis, Nelco, Persistent Systems, SBI Cards and Payment Services, Supreme Industries, Sterling and Wilson Renewable Energy, Tanla Platforms, and Waaree Technologies will announce their quarterly earnings on April 24.

 

Quarterly Earnings

 

 Tata Consumer Products Q4 (Consolidated YoY): 

- Profit zooms 59.2% to Rs 344.9 crore Vs Rs 216.6 crore

- Revenue grows 17.3% to Rs 4,608.2 crore Vs Rs 3,926.9 crore

- Exceptional gains at Rs 45.32 crore Vs exceptional loss of Rs 215.8 crore

- Board recommends a dividend of Rs 8.25 per share for FY25

 LTIMindtree Q4 (Consolidated QoQ): 

- Profit rises 3.97% to Rss  1,128.5 crore Vs Rs 1,085.4 crore

- Revenue increases 1.1% to Rs 9,771.7 crore Vs Rs 9,660.9 crore

- EBIT margin stands steady at 13.8% Vs 13.8%

- Revenue in dollar terms declines 0.7% to $1,131 million Vs $1,138.7 million

- Board recommends a final dividend of Rs 45 per share

 Bajaj Housing Finance Q4 (YoY): 

- Profit jumps 53.8% to Rs 586.7 crore Vs Rs 381.3 crore

- Revenue zooms 25.6% to Rs 2,508 crore Vs Rs 1,996.4 crore

- Net interest income grows 30.8% to Rs 823 crore Vs Rs 629 crore

 Thyrocare Technologies Q4 (Consolidated YoY): 

- Profit grows 22% to Rs 21.7 crore Vs Rs 17.78 crore

- Revenue increases 21.3% to Rs 187.2 crore Vs Rs 154.3 crore

- Board recommends final dividend of Rs 21 per share for FY25

 Syngene International Q4 (Consolidated YoY): 

- Profit declines 2.8% to Rs 183.3 crore Vs Rs 188.6 crore

- Revenue rises 11% to Rs 1,018 crore Vs Rs 916.9 crore

 Wendt India Q4 (Consolidated YoY): 

- Profit falls 3.7% to Rs 12.89 crore Vs Rs 13.38 crore

- Revenue increases 7.9% to Rs 75.6 crore Vs Rs 70.1 crore

- Board recommends a final dividend of Rs 20 per share

 Supreme Petrochem Q4 (YoY): 

- Profit drops 18.7% to Rs 106.9 crore Vs Rs 131.5 crore

- Revenue declines 1.5% to Rs 1,539 crore Vs Rs 1,562.8 crore

- Board recommends a finat dividend of Rs 7.5 per share

 360 ONE WAM Q4 (Consolidated YoY): 

- Profit grows 2.9% to Rs 249.6 crore Vs Rs 242.6 crore

- Revenue rises 3.7% to Rs 820.8 crore Vs Rs 791.2 crore

 Can Fin Homes Q4 (YoY): 

- Profit jumps 11.6% to Rs 233.8 crore Vs Rs 209.6 crore

- Net interest income increases 6.3% to Rs 365.3 crore Vs Rs 343.7 crore

 Rallis India Q4 (YoY): 

- Net loss widens to Rs 32 crore Vs loss of Rs 21 crore

- Revenue declines 1.4% to Rs 430 crore Vs Rs 436 crore

 Tata Teleservices (Maharashtra) Q4 (Standalone YoY): 

- Net loss narrows to Rs 306.4 crore Vs loss of Rs 309.3 crore

- Revenue declines 4.6% to Rs 308.3 crore Vs Rs 323.3 crore

 Tamilnad Mercantile Bank Q4 (YoY) 

- Profit jumps 15.3% to Rs 291.9 crore Vs Rs 253.1 crore

- Net interest income rises 0.2% to Rs 567.9 crore Vs Rs 567 crore

- Gross NPA declines to 1.25% Vs 1.32% (QoQ)

- Net NPA falls to 0.36% Vs 0.41% (QoQ)

 Filatex India Q4 (Standalone YoY) 

- Profit increases 18.8% to Rs 41.4 crore Vs Rs 34.8 crore

- Revenue rises 5.3% to Rs 1,080 crore Vs Rs 1,025.8 crore

 

 Key Corporate Developments and Updates 

 Biocon: 

- The Board has approved the raising of funds up to Rs 4,500 crore via the issuance of equity shares, non-convertible debt instruments along with warrants, by way of qualified institutions placement(s), rights issue, preferential allotment, or private placement(s), in one or more tranches.

 Bharat Petroleum Corporation: 

- BPCL has entered into a joint venture (JV) agreement with GPS Renewables to establish compressed biogas (CBG) plants across India. 

- This strategic alliance marks a significant step towards advancing India’s energy transition and contributes to BPCL’s net-zero goals.

 Adani Green Energy: 

- The company’s subsidiary, Adani Hydro Energy Five, has entered into a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation (UPPCL) for the supply of 1,250 MW of energy storage capacity from pumped hydro storage projects.

 Niva Bupa Health Insurance Company: 

- The Insurance Regulatory and Development Authority of India (IRDAI) has approved the re-appointment of Krishnan Ramachandran as the CEO and Managing Director of the company for five years, effective May 1.

 S&S Power Switchgear: 

- Sivakumar S has resigned as Chief Financial Officer (CFO) of the company due to personal reasons, effective April 23.

 Panacea Biotec: 

- The company received a $5.2 million order from Unicef for polio vaccine.

 Spandana Sphoorty Financial: 

- MD & CEO Shalabh Saxena resigned, effective April 23. Ashish Kumar Damani, currently President and CFO, appointed Interim CEO, also effective April 23.

 Bajaj Finance: 

- The Board will meet on April 29 to additionally consider a special (interim) dividend for FY25, the sub-division/split of existing equity shares, and the issue of bonus shares, along with financial results.

 Max India: 

- The Board has approved the issue price at Rs 150 per equity share for its rights issue worth Rs 125 crore. 

- The rights entitlement ratio is 19 rights equity shares for every 100 equity shares held by eligible shareholders as of the record date of April 29. 

- The rights issue will open on May 7 and close on May 22.

 Embassy Office Parks REIT 

- The Board has approved the raising of funds up to Rs 6,500 crore via debt and the issuance of commercial papers worth Rs 675 crore.

 NHPC: 

- The company to develop a 1,200 MW solar park in Uttar Pradesh for Rs 797 crore and an Investment of Rs 239 crore in arm Bundelkhand Saur Urja for the development of the 1,200 MW solar park.

 360 One WAM: 

- The company reappointed Karan Bhagat as MD for five years from July 27, 2025.

- Company approved fund raising up to Rs 250 crore via NCDs.

 Popular Vehicles and Services: 

- The company has received four letters of intent for setting up Ather facilities in Maharashtra.

 Vascon Engineers: 

- The company has received a letter of intent for a Rs 225 crore order from Royal Rides.

 

 Bulk Deals 

 Synergy Green Industries - 

- Capri Global Holdings has bought a 1.1% stake in the company at an average price of Rs 473.58 per share.

 

 Stocks Trade Ex-Dividend: 

Huhtamaki India, Colab Platforms

 Stock Trades Ex-Bonus: 

Navkar Urbanstructure

 Stock Trades Ex-Date for Spin Off: 

Sterlite Technologies

 Stock in F&O ban: 

RBL Bank

 

Source: Moneycontrol, NDTVPROFIT, NSE India, Investing.com