By Soumya Ranjan 
The following stocks will be monitored on April 11: TARC, Bharti Hexacom, Infosys, Aurobindo Pharma, Bharat Heavy Electricals, Bank of India, Tata Steel, Sanofi India, Punjab National Bank, Axiscades Technologies, JSW Energy, Eternal, Federal Bank, Bajaj Healthcare, SRF, Samvardhana Motherson International, IIFL Finance, and Northern Arc Capital.
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 trading, including big investments, notable transactions, quarterly earnings, appointments, and acquisitions:
Quarterly Profits
Tata Consultancy Services (TCS Consolidated Q4 QoQ)
Profit falls 1.3% to Rs 12,224 crore Vs Rs 12,380 crore
Revenue rises 0.8% to Rs 64,479 crore Vs Rs 63,973 crore
EBIT declines 0.4% to Rs 15,601 crore Vs Rs 15,657 crore
Margin drops 30 bps to 24.2% Vs 24.5%
TCS announces interim dividend of Rs 30 per share
Total contract value stands at $12.2 billion
TARC Q4 & FY25 (Provisional Updates)
Company achieves highest ever annual sales of Rs 3,722 crore in FY25
Sales in Q4 stand at Rs 1,235 crore
Collections in Q4 stand at Rs 113 crore, FY25 at Rs 484 crore
Stocks to Watch
Bharti Hexacom
A major Bharti Hexacom shareholder, Telecommunications Consultants India (TCIL), has asked the company to start a new procedure for selling its infrastructure division to Indus Towers. Therefore, the company has decided to put the current proposal on hold and start a new exercise after consulting with TCIL in order to maintain the highest standards of corporate governance and transparency.
Infosys
The financial services group AIB, which primarily operates in the UK and the Republic of Ireland, has expanded its strategic partnership with the digital services and consulting firm. Agile methods, AI-powered tools, and application development and maintenance services are the goals of the partnership.
Aurobindo Pharmaceutical
CuraTeQ Biologics, the company’s subsidiary, has successfully finished the denosumab biosimilar BP16’s Phase 1 pharmacokinetic (PK) and pharmacodynamic (PD) study. The RANK ligand (RANKL), a crucial protein in the life cycle of osteoclasts—cells that break down bone—is the precise target of denosumab.
BHEL
With a 50 percent financial share, BHEL and Nuovo Pignone International S.r.l., an Italian company, have signed a Memorandum of Understanding (MoU) to discuss compressor revamp opportunities in India’s fertilizer industry.
Coromandel International
By signing a Memorandum of Understanding (MoU), the agri-solutions provider has further solidified its long-standing collaboration with Saudi mining company Ma’aden, one of the biggest producers of phosphate fertilizers worldwide. Coromandel will be able to guarantee the Indian farming community’s timely access to NP/NPK fertilizers and Di-Ammonium Phosphate (DAP) thanks to this strategic partnership.
Bank of India
The PSU bank has reduced its Repo-Based Lending Rate (RBLR) by 25 basis points to 8.85 percent, down from 9.1 percent earlier, effective April 9, following the RBI’s reduction of the repo rate by 25 basis points to 6 percent.
Tata Steel
Tata Steel Nederland has announced a major transformation programme and has filed a Request for Advice with the Central Works Council to commence consultations on specific aspects of the programme. This reorganisation is expected to result in the loss of approximately 1,600 management and support function roles. Changes are also being made to the company’s local management board. A comprehensive consultation process will be conducted in the coming weeks.
Sanofi India
Rodolfo Hrosz has decided to step down as Managing Director of the company, effective April 30. He will transition to another role within the Sanofi group. The Board has appointed him as an Additional Non-Executive Director of the company, effective May 1.
Greaves Cotton
The engineering company has announced a partnership with Chara Technologies to revolutionise the electric mobility landscape by leveraging Chara’s rare-earth-free motor technology. Greaves will manufacture synchronous reluctance motors and controllers exclusively at its Shendra, Aurangabad facility, catering to both automotive and non-automotive applications.
Punjab National Bank (PNB)
The bank has revised its Repo Linked Lending Rate (RLLR) from 9.10% (including a BSP of 20 bps) to 8.85% (including a BSP of 20 bps), effective April 10. There is no change in the existing MCLR and base rate.
Axiscades Technologies
The Board has approved the appointment of K P Mohanakrishnan as Deputy Chief Executive Officer and the designation of Muralikrishnan as Chief Operating Officer of the group, both effective April 9.
GAIL (India)
The company has completed laying over 97.6% of the integrated Jagdishpur–Haldia–Bokaro–Dhamra Pipeline (JHBDPL), also known as ‘Pradhan Mantri Urja Ganga’. Of this, nearly 96.6% has been put under commercial operation. The pipeline is currently transporting 12.26 million standard cubic meters per day (MMSCMD) of natural gas to eastern and northeastern India.
Sun Pharmaceutical Industries
The US Court of Appeals for the Federal Circuit has ruled in favour of the company and vacated the preliminary injunction on the launch of LEQSELVI (deuruxolitinib) in the United States, effective immediately. While litigation with Incyte Corporation continues, the preliminary injunction is no longer in effect. Sun Pharma will disclose LEQSELVI launch plans in due course.
Stock Trades Ex-Date for Rights
Annvrridhhi Ventures
Stocks Trade Ex-Dividend
CRISIL
Ashiana Housing
Stock Trades Ex-Date for Split
Enbee Trade & Finance
Stocks in F&O ban
Birlasoft
Hindustan Copper
Manappuram Finance
National Aluminium Company