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  1. Stocks to Watch, April 29: IndusInd Bank, Bajaj Finserv, Bajaj Finance, Trent, Shoppers Stop, TVS Motor, UltraTech, Praj Industries

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Stocks to Watch, April 29: IndusInd Bank, Bajaj Finserv, Bajaj Finance, Trent, Shoppers Stop, TVS Motor, UltraTech, Praj Industries

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9 min read | Updated on April 29, 2025, 08:06 IST

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SUMMARY

Stocks to Watch: TVS Motor Company on Monday, April 28, reported a net profit of ₹852 crore in the January-March quarter, marking an increase of 75.54% from ₹485 crore during the same period last year.

The GIFT NIFTY futures level at 07:47 AM suggests that the NIFTY50 index will open 42 points higher.

The GIFT NIFTY futures level at 07:47 AM suggests that the NIFTY50 index will open 42 points higher. | Image: Shutterstock

Stocks to Watch: The domestic equity market will likely open in the green on Tuesday, April 29.

The GIFT NIFTY futures level at 07:47 AM suggests that the NIFTY50 index will open 42 points higher.

Here is a list of stocks that may remain in focus today.
Q4 earnings today: As many as 41 companies are scheduled to announce their March quarter (Q4 FY25) numbers today. The list includes names such as Ambuja Cements, Bajaj Finserv, Bajaj Finance, BPCL, CEAT Ltd, Capital Small Finance Bank, Five-Star Business Finance, IndiaMART InterMESH, Praj Industries, Schaeffler India, Trent Ltd, UTI AMC, Shoppers Stop, and Star Health and Allied Insurance Company.
AWL Agri Business: On Monday, edible oil major AWL Agri Business, formerly Adani Wilmar, reported a 22% increase in its consolidated net profit to ₹190.66 crore for the quarter ended March.

Its net profit stood at ₹156.75 crore in the year-ago period.

The total income rose to ₹18,291.63 crore in the January-March quarter of the last fiscal year from ₹13,327.05 crore in the corresponding period of the preceding year.

The net profit jumped to ₹1,225.81 crore in the last fiscal year from ₹147.99 crore in the 2023-24 financial year.

TVS Motor Company: The country's third-largest two-wheeler maker, on Monday, April 28, reported a net profit of ₹852 crore in the January-March quarter, marking an increase of 75.54% from ₹485 crore during the same period last year.

Its revenue from operations rose 17% in the fourth quarter of the financial year 2024-25 (Q4FY25) to ₹9,550 crore as against ₹8,168.84 crore in the year-ago period.

UltraTech Cement: UltraTech Cement reported a 9.91% surge in its consolidated profit after tax (PAT) to ₹2,482.04 crore in the fourth quarter of the financial year 2024-25. The post-tax profit was ₹2,258.12 crore a year back.

Revenue from operations increased 12.95% to ₹23,063.32 crore in the latest March quarter, compared to ₹20,418.94 crore in the corresponding period of the previous fiscal year.

Besides, the company's board has recommended a dividend of ₹77.50 per equity share, subject to approval at the annual general meeting.

Adani Green Energy: Adani Green Energy on Monday posted a 25.54% rise in consolidated net profit to ₹383 crore in the March quarter, primarily driven by higher revenues.

The company posted a consolidated net profit of ₹310 crore a year ago.

The company's total income rose to ₹3,278 crore during the quarter from ₹2,841 crore in the same period a year ago.

The consolidated net profit in FY25 also rose to ₹2,001 crore from ₹1,260 crore in FY24.

Tata Motors: Tata Motors on Monday said its board will later this week consider a proposal to raise up to ₹500 crore through the issue of securities on a private placement basis.
Aurobindo Pharma: Aurobindo Pharma on Monday said a fire incident occurred at the Andhra Pradesh-based plant of its subsidiary Lyfius Pharma on April 27, leading to the temporary suspension of operations.

The incident resulted in damage to certain ancillary equipment with no impact on the core manufacturing infrastructure at the Penicillin-G production facility located in Kakinada, the Hyderabad-based drug maker said in a regulatory filing.

Importantly, there were no injuries reported, it added.

Oberoi Realty: Oberoi Realty on Monday reported a 45% decline in consolidated net profit at ₹433.17 crore for the March quarter FY25 due to lower income.

Its net profit stood at ₹788.03 crore in the year-ago period.

Total income also fell to ₹1,213.33 crore in January-March 2024-25 from ₹1,558.56 crore a year ago, according to a regulatory filing.

Greenply Industries: Greenply Industries Ltd, one of the leading players in the plywood industry, on Monday reported a decline of 41.45% in consolidated net profit to ₹16.60 crore for the March quarter.

The company had posted a profit of ₹28.36 crore in the January-March period a year ago, Greenply said in a regulatory filing.

Its revenue from operations was at ₹648.77 crore, up 8.16% in the March quarter. It was at ₹599.78 crore in the corresponding period a year ago.

REC Ltd: State-owned REC Ltd on Monday said it has raised ₹5,000 crore through the issuance of bonds.

The offering included ₹3,000 crore through five-year bonds at a coupon of 6.87% and ₹2,000 crore through 10-year bonds at a coupon of 6.86%, a company statement said.

According to the statement, the bond issuance witnessed an overwhelming response from market participants, reflecting strong investor confidence in the company’s robust financial position and growth prospects.

Sonata Software: IT company Sonata Software on Monday said it has bagged a USD 73 million (about ₹620 crore) deal from a US-based company in the technology, media, and telecom space for AI-led digital modernisation.

The deal is spread over five years, Sonata Software said in a statement.

"Sonata Software secures a USD 73 million AI-led digital modernisation deal with a leading US TMT company," the statement said. Sonata will establish a dedicated AI-enabled Modernisation Engineering Centre in India under the deal.

Castrol India: The company on Monday reported an 8% growth in profit after tax (PAT) at ₹233 crore in the March quarter.

The company reported a PAT of ₹216 crore in the year-ago period.

Castrol India follows a calendar year (January to December) for financial reporting.

Its revenue from operations rose 7.3% to ₹1,422 crore year-on-year during the quarter as against ₹1,325 crore reported in the same quarter last financial year.

Diamond Power Infrastructure: Diamond Power Infrastructure Limited (DPIL) on Monday said it has secured two orders worth over ₹230 crore to supply power cables.

The company has received letters of intent from Rajesh Power Services Limited for the project under Dakshin Gujarat Vij Company Limited worth Rs 1,50,98,65,000 and Adani Electricity Mumbai Limited worth Rs 79,27,80,051 for the supply of power cables.

Wipro: IT major Wipro has bagged an IT transformation deal from Germany-headquartered firm Vorwerk.

As part of the five-year partnership, Wipro will modernise Vorwerk’s IT infrastructure using its AI-powered infrastructure operations solution, according to a company statement.

The company did not divulge the value of the deal.

This involves integrating all business applications, IT infrastructure, and cybersecurity systems into a single monitoring platform, enhancing visibility across Vorwerk’s technology landscape. It aims to substantially improve operational efficiency and strengthen cyber-risk management.

CSB Bank: Private sector lender CSB Bank on Monday reported a 26% rise in its net profit to ₹190 crore for the fourth quarter ended in March 2025.

The Kerala-based lender had earned a net profit of ₹151 crore in the year-ago period.

During the quarter, the bank's total income increased to ₹1,362 crore against ₹991 crore a year ago.

Asset quality of the bank deteriorated marginally with gross non-performing assets rising to 1.57% of gross advances as of March 31, 2025, from 1.47% at the end of March 2024.

Central Bank of India: State-owned Central Bank of India on Monday reported a 28% increase in net profit at ₹1,034 crore for the March quarter FY25, helped by a decline in bad loans.

The Mumbai-based lender had earned a net profit of ₹807 crore in the year-ago period.

During the quarter, the bank's total income increased to ₹10,433 crore from ₹9,699 crore a year ago.

Interest income grew to ₹8,619 crore from ₹8,337 crore earlier.

However, net interest income (NII) in the quarter declined to ₹3,399 crore from ₹3,541 crore.

UCO Bank: The bank plans to issue up to 270 crore fresh equity shares in the 2025-26 fiscal year to bring down the government's stake to 75% in compliance with SEBI’s minimum public shareholding (MPS) norms, a top official said on Monday.

Besides, the lender on Monday reported a nearly 24% year-on-year jump in consolidated net profit to ₹665.72 crore for the quarter ended March.

The state-owned lender’s bottom line stood at ₹537.86 crore in the corresponding quarter a year ago.

Consolidated total income for the period under review was around ₹8,136 crore, up from ₹6,984 crore a year ago, it said.

Adani-Total Gas: Adani-Total Gas Ltd, the city gas joint venture of Adani group and TotalEnergies of France, on Monday reported a 10% drop in its fourth quarter net profit on higher cost of gas, while the revenue soared 15%.

Net profit of ₹149 crore in January-March – the fourth quarter of the April 2024 to March 2025 fiscal year – compared with ₹165 crore earnings in the same period of the previous year.

Revenue from operations was up 15% at ₹1,448 crore.

Nippon Life India Asset Management: Nippon Life India Asset Management on Monday reported a 13% drop in consolidated profit after tax (PAT) to ₹298.6 crore in the March quarter.

The company had posted a PAT of ₹343 crore in the year-ago period, Nippon Life India Asset Management said in a regulatory filing.

Its revenue from operations jumped 21% to ₹566.5 crore during the quarter under review from ₹468.3 crore in the January-March period of the financial year 2023-24 (FY24).

KPIT Technologies: Automobile-industry focused KPIT Technologies on Monday reported a 48.9% increase in consolidated net profit at ₹244.7 crore in the March quarter.

It had logged a net profit of ₹164.3 crore in the year-ago period, according to a regulatory filing.

Revenue rose 15.9% to ₹1,528.3 crore during the quarter against ₹1,317.8 crore a year ago.

Sequentially, profit and revenue climbed 30.9% and 3.4%, respectively.

IndusInd Bank: Shares will be in focus as Arun Khurana, Whole-time Director (Executive Director) & Deputy CEO, Key Managerial Personnel of the Bank, has, by his letter dated April 28, 2025, resigned with immediate effect.
Tech Technologies: According to a news report by CNBC-TV18, TGP Rise Climate will likely sell 1.59 crore shares of Tata Technologies via block deals in the range of ₹670-698.55/share (at a discount of 1-5% on CMP).
PNB Housing Finance: PNB Housing Finance on Monday, April 28, reported a 25.3% increase in its consolidated net profit at ₹550.38 crore for the March quarter of the financial year 2024-25. Its profit for the same period last year was at ₹439.25 crore.

During the quarter under review, the net interest income (NII) grew 16.2% to ₹734 crore as against ₹632 crore in Q4 FY24.

The augmented collections efforts led to an improvement in the housing finance firm’s gross and net non-performing assets (NPA) to 1.08% and 0.69%, respectively, during the quarter.

IOL Chemicals: The company said that its product, “Ibuprofen”, has received approval from the Centre for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA), China.

"This approval authorises the company to export ibuprofen to the Chinese markets. Ibuprofen is a widely used non-steroidal anti-inflammatory drug (NSAID) effective in relieving pain, reducing inflammation, and lowering fever," the filing added.

Firstsource Solutions: The company reported a 20.4% YoY rise in its Q4 net profit at ₹160.7 crore. Revenue from operations surged 29.4% YoY.
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