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Today's Market at 08:20am
US Market (Futures)
Nasdaq = +91.50
Dow Jones = +147.30
S&P 500 = +21.90
European (Futures)
Ftse 100 = +51.00
Cac 40 = +53.30
Dax = -66.50
Asian
Nikkei 225 = +270.10
ASX 200 = +27.80
Straits Times = +32.15
Hang Seng = +191.02
KOSPI = +13.16
Taiwan weighted = -105.62
Shanghai (SSE) = +0.01
Gift Nifty = 23379.00 (-90.00)
FII and DII Trading Activity for April 16, 2025 in Cash market:
FIIs: Net Buy of ₹3,936.42 crore
DIIs: Net Sell of ₹2,512.77 crore
Results Today:
Infosys, HDFC Life Insurance Company, HDFC Asset Management Company, Jio Financial Services, Tata Elxsi, Mahindra EPC Irrigation, Indosolar, and National Standard (India) will release their quarterly earnings on April 17.
Quarterly Results Summary
Wipro (Q4 Consolidated QoQ)
- Net Profit: Up 6.6% to Rs 3,588.1 crore (from Rs 3,366.7 crore)
- IT Services Revenue: Up 0.7% to Rs 22,445.3 crore (from Rs 22,285.1 crore)
- IT Services EBIT: Up 0.7% to Rs 3,927 crore (from Rs 3,899 crore)
- EBIT Margin : Flat at 17.5%
- Total Bookings: Up 13.4% to $3,955 million (constant currency)
- IT Services Revenue (USD): Down 1.2% to $2,596.5 million
- Q1FY26 Guidance: Revenue expected between $2,505–$2,557 million, a QoQ decline of 3.5%–1.5% in constant currency
Waaree Renewable Technologies (Q4 Consolidated YoY)
- Profit: Up 82.7% to Rs 93.8 crore (from Rs 51.3 crore)
- Revenue: Up 74.4% to Rs 476.6 crore (from Rs 273.3 crore)
- CFO Appointment: Manmohan Sharma appointed CFO effective April 16
Angel One (Q4 Consolidated YoY)
- Profit: Down 48.7% to Rs 174.5 crore (from Rs 339.9 crores
- Revenue: Down 22.2% to Rs 1,056 crore (from Rs 1,357.3 crore)
- Dividend : Final dividend of Rs 26/share for FY25 approved
GTPL Hathway (Q4 Consolidated YoY):
- Profit: Down 19.3% to Rs 10.6 crore (from Rs 13.2 crore)
- Revenue: Up 10.3% to Rs 891 crore (from Rs 808 crore)
- Dividend: Recommended Rs 2/share
Quarterly Business Update:
Prestige Estates Projects (Q4 YoY):
- New Sales: Up 48% to Rs 6,957.4 crore
- Sales Volume: Up 9% to 4.49 million sq. ft.
- Average Realization: Up 25% to Rs 15,524/sq. ft.
- Collections: Down 9% to Rs 3,155.1 crore
Key Corporate Developments and Updates:
Lupin:
- US court upheld Astellas Pharma’s Myrbetriq patent validity.
- Trial in 2026 on infringement and damages.
- No current financial impact; further legal action being evaluated.
Zydus Lifesciences:
- Ruling against Zydus in patent litigation related to Myrbetriq.
- Evaluating impact and legal options.
- Zynext Ventures invested in Feldan Therapeutics (Canada), focused on intracellular drug delivery.
UltraTech Cement:
- To acquire 26% in AMPIN C&I Power Eight for renewable energy needs.
- Green energy compliance, cost optimization, and captive power use.
BHEL:
- Agreement with BARC for alkaline electrolyser tech for hydrogen production.
IRFC:
- Madras High Court quashed Rs 230.55 crore tax demand from Assistant Commissioner (ST).
Dalmia Bharat:
- Rs 793.34 crore land provisionally attached due to ongoing CBI case linked to Bharathi Cement investment.
- Land worth Rs 377.26 crore.
- Sub judice in Hyderabad CBI Court.
SML Isuzu:
- Junya Yamanishi stepped down April 16; Yasushi Nishikawa appointed MD & CEO from April 17.
Petronet LNG:
- Saurav Mitra appointed Director (Finance) & CFO for 5 years from April 18, replacing Vinod Kumar Mishra.
SBI Cards:
- With Tata Digital to launch Tata Neu SBI Card for premium shopping experience.
Glenmark Pharmaceuticals:
- U.S. debut of amphetamine tablets (Adderall equivalent) in May 2025 across 5 strengths.
Tata Steel:
- Tata Steel Nederland to establish first liquid hydrogen import corridor (Oman-Netherlands-Germany) with Port of Amsterdam, Ecolog, and others.
One 97 Communications (Paytm):
- CEO Vijay Shekhar Sharma voluntarily relinquished 2.1 crore ESOPs.
- One-time non-cash ESOP expense of Rs 492 crore in Q4 FY25; reduced expenses in future.
Ballarpur Industries:
- Alok Prakash appointed CEO effective April 16.
Hero MotoCorp:
- Temporary halt at 4 plants (Dharuhera, Gurugram, Haridwar, Neemrana) from April 17–19 due to supply alignment; will resume April 21.
- No retail disruption expected; recovery planned next month.
Sonata Software:
- Lower-than-expected Q4 FY25 revenue from largest client, affecting international business.
Karnataka Bank:
- External forensic audit initiated due to reconciliation issues in suspicious UPI Global transactions. Pipara & Co. LLP appointed.
Stock Trades Ex-Dividend:
Sanofi Consumer Healthcare India
Stock Trades Ex-Date for Split:
Akme Fintrade (India)
Stocks Trade Ex-Date for Rights:
Garment Mantra Lifestyle, Sylph Technologies, Tirupati Tyres
Stock Trades Ex-Date for Resolution Plan -Suspension:
Rushabh Precision Bearings
Stocks in F&O ban:
Birlasoft, Hindustan Copper, IREDA, Manappuram Finance, National Aluminium Company
Source: Moneycontrol, Investing.com, NSE India Today
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