Stocks to watch, April 17: Tata Elxsi, Hero MotoCorp, Wipro, Infosys, Jio Finance, Paytm, UltraTech Cement, and more

Design and technology services provider Tata Elxsi, AI-focused hyperscale cloud platform E2E Networks, irrigation and water management solutions provider Mahindra EPC Irrigation, yarn manufacturer Omnitex Industries, NBFC Advik Capital, and real estate developer Sanathnagar Enterprises will also release their March quarter results.

Its total income increased 74.83% to ₹481.43 crore in the reporting quarter as against ₹275.35 crore in Q4 FY24.

The shares were granted to Sharma as part of an ESOP (employee stock ownership plan) at the time of the listing of One97 Communications, which owns the Paytm brand.

It will now return to the ESOP pool under the One 97 Employees' Stock Option Scheme, 2019.

The company's IT services segment revenue came in at $2,596.5 million, a decrease of 1.2% QoQ and 2.3% YoY. In constant currency terms, the IT Services segment revenue decreased 0.8% QoQ and 1.2% YoY.

During the Q3 results announcement, Wipro had guided for revenue from the IT services business in the range of $2,602 million to $2,655 million, which translates into a sequential guidance of a decline of 1% to 1% growth.

For the June 2026 quarter, the company expects revenue from its IT Services business segment to be in the range of $2,505 million to $2,557 million. This translates to sequential guidance of (-)3.5% to (-)1.5% in constant currency terms.

The company continues to play a pivotal role in expanding Isuzu's global presence, particularly in the pickup category, by leveraging India as a strategic manufacturing base for the Indian and export markets, Isuzu Motors India said.

The company has a manufacturing facility in Sri City (Andhra Pradesh), which caters to both left-hand and right-hand drive markets across Asia and the Middle East, including Nepal, Bhutan, Bangladesh, Saudi Arabia, Bahrain, Qatar, Kuwait, Oman, and Jordan.

In a regulatory filing, DLF informed that it has entered into a "definitive Master Framework Agreement (MFA) with Srijan Realty Pvt Ltd and its subsidiary companies for the sale of its IT/ITeS SEZ comprising a freehold land parcel admeasuring 25.90 acres, situated in Kolkata, along with a constructed building, namely DLF Tech Park, with a gross leasable area of 1,054,357 square feet."

The development will enable Zaggle to offer UPI-based payment solutions directly through its platform, empowering over 3 million engaged users across its digital ecosystem, the company said in a statement.

The acquisition, aimed at meeting the company's green energy needs, will have an equity investment of up to Rs 25.50 crore, according to a regulatory filing from the Aditya Birla Group company.

"The company has entered into an energy supply agreement and share subscription and a shareholders agreement and to acquire 26 per cent equity shares of AMPIN C&I Power Eight, a company engaged in the generation and transmission of renewable energy," it added.

The interim dividend cheque was presented to the state Chief Minister, Sukhvinder Singh Sukhu, by SJVN Director (Personnel) Ajay Kumar Sharma in Shimla, the company said in a statement.

SJVN paid an interim dividend of ₹121.33 crore for FY 2024-25 to the Himachal Pradesh government, it added.

Earlier, Honasa Consumer Ltd (HCL) moved the Delhi High Court, contending the claims made by Hindustan Unilever Ltd (HUL) were disparaging and misleading.

The matter was heard by the Delhi High Court, which issued notice to HUL and posted the matter for hearing on Thursday.

Organic net revenue grew in the low teens, Heineken NV, which owns India's leading brewing company UBL, said in its global results.

“In India, organic net revenue (BEIA) grew in the low teens as beer volume grew by a mid-single digit. We slightly lagged the market growth as supply in one of the major states was temporarily halted to ensure a sustainable business model for the future," said Heineken NV.

"During this planned pause, we are taking the opportunity to carry out maintenance, upkeep, and facility enhancements to further strengthen our operations. Production will resume on April 21, 2025," the company said.