Stocks to Watch, April 30: Shoppers Stop, IndusInd Bank, Bajaj Finance, Bajaj Finserv, Vedanta, Sona BLW, IOC, and more

The GIFT NIFTY futures indicate that the NIFTY50 index will open 57 points lower.

On the global front, China's manufacturing activity contracted in April, reversing two months of recovery, thanks to the US' 145% tariffs.

The official purchasing managers' index (PMI) fell to 49.0 in April versus 50.5 in March, said a Reuters report.

In the overnight trade, US stocks ended higher.

Total income during January-March of 2024-25 rose to ₹15,808 crore against ₹12,764 crore in the corresponding year-ago period, Bajaj Finance said in a regulatory filing.

Interest income increased to ₹13,824 crore from ₹11,201 crore a year ago.

The board recommended a final dividend of ₹44 per equity share of face value ₹2 for 2024-25.

Besides, the board approved the subdivision of 1 equity share with a face value of ₹2 each, fully paid up, into 2 equity shares with a face value of ₹1 each.

It has also approved the issue of bonus equity shares in the ratio of 4:1, that is, 4 bonus equity shares of ₹1 each for every 1 equity share of ₹1 each.

The company had posted a net profit of ₹2,119 crore during the corresponding January-March period of the previous fiscal.

The total consolidated income during the March 2025 quarter rose to ₹35,596 crore against ₹32,042 crore in the corresponding period of the previous financial year, BFL, the holding company for the various financial services businesses under the Bajaj group, said in a regulatory filing.

The board recommended a dividend of ₹1 per share, or 100% on the face value of ₹1.

In a regulatory filing on Tuesday, the company announced that it has secured a ₹130.58 crore order to develop a township project on 21.66 acres of land acquired by NEEPCO at Umsawli, Mawdiangdiang, Shillong, in Meghalaya.

NBCC is into project management consultancy (PMC) and real estate businesses.

The company had reported a net profit of ₹102 crore in the January-March quarter of 2023-24.

Its revenue from operations rose to ₹3,421 crore in the fourth quarter compared to ₹2,992 crore in the year-ago period, Ceat Ltd said in a regulatory filing.

Strides Pharma Inc., a step-down wholly owned subsidiary of the company in the US, has acquired the ANDAs.

The portfolio consists of liquids and immediate-release solid orals, which are in the therapeutic segment to treat infections associated with UTIs (urinary tract infections), pain management, allergy symptoms, attention deficit disorder (ADD/ADHD), and narcolepsy, the drug firm said in a regulatory filing.

Total consideration for the acquisition of the said ANDAs is USD 2.075 million (₹176 million).

The company had posted a consolidated net profit of ₹712.09 crore in the January-March quarter a year ago, according to a regulatory filing from Trent Ltd, which operates retail stores under the brand names Westside, Zudio, and Star.

Its consolidated revenue from operations was up 27.87 per cent to ₹4,216.94 crore during the March quarter. It was at ₹3,297.70 crore in the year-ago period, it added.

Its net operating income (NOI) stood at ₹765.6 crore in the year-ago period.

The company declared distributions of ₹538.40 crore, or ₹5.68 per unit, for the quarter ended March 31, 2025, to unitholders in the form of dividends and other income.

Ambuja Cements, which has acquired several small players in the sector in the last two years as part of its growth ambitions, has already crossed 100 MTPA (million metric tonnes per annum) capacity and is "now the 9th largest cement company in the world", the company said in its earnings statement.

Standalone net profit of ₹3,214.06 crore in January-March – the fourth quarter of the April 2024 to March 2025 financial year – compared with ₹4,224.18 crore earnings in the same period a year back, according to a stock exchange filing of the company.

Profit fell 31% quarter-on-quarter when compared with ₹4,649.20 crore earnings in the October-December 2024 period.

According to the bulk deal data available, TPG, through its arm TPG Rise Climate SF, offloaded more than 1.58 crore shares of Tata Technologies, which provides engineering and product development digital services.

The shares were disposed of at an average price of ₹673.26 apiece on the National Stock Exchange (NSE), taking the aggregate deal value to ₹1,068.05 crore.

After the latest transaction, TPG's arm holding in Tata Technologies declined to 2.1% from 6%.

The company had posted a net profit of ₹23.18 crore in the year-ago period, Shoppers Stop said in a regulatory filing.

However, its revenue from operations was up 1.68% to ₹1,064 crore in the March quarter. It was at ₹1,046.34 crore a year ago.