By Soumya Ranjan 
Stocks to keep an eye on on April 24 include: Spandana Sphoorty Financial, Bajaj Finance, Tamilnad Mercantile Bank, Filatex India, Biocon, Niva Bupa Health Insurance Company, Wendt India, Supreme Petrochem, 360 ONE WAM, Can Fin Homes, Rallis India, and Tata Teleservices (Maharashtra).
Let’s review the most recent stock market news. Here is a brief overview of the stocks that will be the focus of today’s trade, including big investments, deals, quarterly earnings, order wins, and appointments:
Result today
On April 24, the following companies will release their quarterly financial results: 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.
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 Rs 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
Stocks to Watch
Biocon
The Board has authorized the issuance of equity shares, non-convertible debt instruments, and warrants in one or more tranches through qualified institutions’ placements, rights issues, preferential allotments, or private placements in order to raise up to Rs 4,500 crore.
Bharat Petroleum Corporation
In order to build compressed biogas (CBG) plants throughout India, BPCL and GPS Renewables have signed a joint venture (JV) agreement. This strategic partnership advances India’s energy transition and helps BPCL achieve its net-zero objectives.
Adani Green Energy
The Uttar Pradesh Power Corporation (UPPCL) and Adani Hydro Energy Five, the company’s subsidiary, have signed a Power Purchase Agreement (PPA) for the provision of 1,250 MW of energy storage capacity from pumped hydro storage projects.
Niva Bupa Health Insurance Company
Krishnan Ramachandran has been reappointed as the company’s CEO and Managing Director for a period of five years, with effect from May 1, by the Insurance Regulatory and Development Authority of India (IRDAI).
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 has received an additional award worth $5.2 million (approximately Rs 44 crore) from UNICEF for the supply of 40 million doses of its bivalent oral polio vaccine (bOPV) in Q3 CY2025. In December 2024, it had received an award worth $14.95 million (approximately Rs 127 crore) for the supply of 115 million doses of its bOPV in CY2025.
Spandana Sphoorty Financial
Shalabh Saxena has resigned as Managing Director and Chief Executive Officer of the company, effective April 23. The Board has approved the appointment of Ashish Kumar Damani as the Interim Chief Executive Officer of the company, effective April 23. Ashish Kumar Damani is currently designated as President and Chief Financial Officer of the company.
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.
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
Stock removed from F&O ban
Manappuram Finance
Disclaimer: Times of Dalal Street does not endorse the opinions or suggestions expressed in this analysis; rather, it is the opinion of individual analysts or broking firms. Since market conditions can fluctuate quickly and individual circumstances can differ, we strongly advise investors to seek advice from certified experts before making any investment decisions.