Stocks to watch, April 11: IT stocks, TCS, NBCC, pharma stocks, Coromandel International, Anand Rathi Wealth, and more

At 07:35 AM, the GIFT NIFTY futures were trading at 22,940.50, down 103 points, or 0.45%. This implies that the NIFTY50 index will open 460 points higher today.

The stock market was closed on Thursday, April 9, on account of Mahavir Jayanti.

The Tata Group company, which is the first major entity to report January- March performance, also announced that it will be deferring wage hikes to its 6.07 lakh employees due to the business uncertainties triggered by the tariff issues.

In a statement, the company said it has "successfully e-auctioned 1,185 residential units at Aspire Dream Valley, Greater Noida (W), garnering a total sale value of ₹1504.69 crore."

The company had posted a PAT of ₹57 crore in the same quarter a year ago, Anand Rathi Wealth said in a regulatory filing to the stock exchanges.

Total revenue rose 22% to ₹241.4 crore during the fourth quarter of the previous fiscal year from ₹197.2 crore a year earlier.

Besides, the company announced a final dividend of ₹7 per equity share.

The bank has reduced its external benchmark-linked lending rates for loans catering to retail and MSME segments by 25 basis points, ensuring that customers benefit quickly from the RBI’s monetary policy move, BoB said in a statement.

The Reserve Bank on Wednesday slashed key interest rates by 25 basis points for the second time in a row to support growth facing the threat of reciprocal tariffs by the US.

Chaudhari will take over for Anuj Jain, who has opted for an early retirement after spending 35 years with Kansai Nerolac to pursue personal interests, the company said in a statement.

This change is effective from April 10, 2025.

The project aims to construct two dams – on the Dri River and the Talo (Tangon) River – along with an underground powerhouse complex, the power producer company said in a statement.

According to the statement, the project is scheduled for commissioning in December 2033.

The length of the transmission network was 20,509 ckm as of the March quarter in FY24, the company said in provisional operational updates.

New order wins led to an increase in the transmission network to 26,696 ckm, highlighting strong bidding capabilities and robust underlying opportunity, AESL said.

The company has added 3.6 lakh tonnes MTPA of new capacity to the earlier 2.4 lakh MTPA.

In a statement, Bansal Wire Industries Ltd (BWIL) announced the inauguration of its largest cutting-edge facility in Dadri, with a current production capacity of 3.6 lakh MTPA.

NACL, a listed entity, operates in the agrochemical sector. It offers crop protection products and active ingredients.

"CIL (Coromandel International Ltd) proposes to acquire certain equity shares in NACL. The proposed transaction is notifiable to the Competition Commission of India under section...of the Competition Act, 2002," said a notice filed with the Competition Commission of India (CCI) on April 7.