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  5. Swaraj Engines, JSW Steel, Gensol, Wipro, IREDA, IndusInd Bank, PB Fintech, and more: Top stocks to watch on April 16

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Swaraj Engines, JSW Steel, Gensol, Wipro, IREDA, IndusInd Bank, PB Fintech, and more: Top stocks to watch on April 16

Upstox
By Upstox News Desk

3 min read | Updated on April 16, 2025, 08:34 IST

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SUMMARY

Stocks to watch, April 16: JSW Steel will be investing over ₹50,000 crore to create 10 million tonnes per annum of green steel capacity at a plant near the country's financial capital, a top official said on Tuesday.

Stock list

GENSOL
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INDUSINDBK
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WIPRO
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POLICYBZR
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The GIFT NIFTY futures indicate that the NIFTY50 index will open 59 points lower today

The GIFT NIFTY futures indicate that the NIFTY50 index will open 59 points lower today. | Image: Shutterstock

Stocks to watch, April 16: The domestic stock market will likely open with minor losses on Wednesday, April 16, following a drop in US stocks in the overnight trade.

The GIFT NIFTY futures indicate that the NIFTY50 index will open 59 points lower today.

Here is a list of stocks that may remain in focus today.
Q4 results: A host of companies are slated to announce their March quarter (Q3 FY25) results today. The companies are Wipro, Waaree Renewable Technology, Reliance Industrial Infrastructure, Swaraj Engines, Angel One, GTPL Hathway, Heera Ispat, India Cements Capital, Infomedia Press, and Ballarpur Industries. Hence, shares of these companies will continue to be in the spotlight.
JSW Steel: JSW Steel will be investing over ₹50,000 crore to create 10 million tonnes per annum of green steel capacity at a plant near the country's financial capital, a top official said on Tuesday.

"We will be investing ₹50,000-₹60,000 crore for the green steel capacity," Jindal told reporters on the sidelines of an event here.

He said this will be a brownfield investment at its plant in Raigad district's Salav, and the investment will happen over the next three to four years.

In March, the company had announced plans to increase the green steel capacity at Salav to 4 MTPA in phases.

ICICI Lombard: ICICI Lombard on Tuesday reported a 2% decline in net profit to ₹510 crore for the fourth quarter ended March 31.

The company had reported a post-tax net profit of ₹520 crore in the year-ago period.

However, the total income of the company rose to ₹5,851 crore in the quarter under review compared to ₹5,165 crore in the year-ago period.

The gross direct premium income of the company improved to ₹6,211 crore against ₹6,073 crore in the same quarter a year ago, registering a growth of 2.3%.

IREDA: Shares will be in focus as the Indian Renewable Energy Development Agency (IREDA) reported a 48.65% jump in its consolidated net profit for the January-March quarter of the financial year 2024-25 at ₹501.55 crore. The company had reported a net profit of ₹337.39 crore in the corresponding quarter last fiscal.

Its total revenue from operations stood at ₹1,905.06 crore in the reporting quarter as against ₹1,391.26 crore in Q4FY24, rising 37% year-on-year (YoY).

Gensol Engineering: Shares of Gensol Engineering will be on the investors' radar on Wednesday, April 16, as the Securities and Exchange Board of India (SEBI), the capital markets regulator, on Tuesday barred the company and its promoters – Anmol Singh Jaggi and Puneet Singh Jaggi – from the securities markets till further orders in a fund diversion and governance lapses case. READ MORE
PB Fintech: Shares of PB Fintech, the parent firm of Policybazaar, will be in focus on Wednesday, April 16, as the company on Tuesday said its subsidiary had secured a payment aggregator licence from the RBI.

Last year, the company had announced setting up a wholly owned subsidiary – PB Pay Private Limited (PB Pay) – to apply to the Reserve Bank of India (RBI) for obtaining a Certificate of Registration (CoR) as an NBFC Payment Aggregator (NBFC-PA).

IndusInd Bank: IndusInd Bank on Tuesday, April 15, received a report from the external agency it had hired to review the internal findings.

On March 10, the internal review by the bank had estimated an adverse impact of approximately 2.35% of its net worth as of December 2024.

The external agency report has found discrepancies related to derivative deals. The report has quantified the negative impact of the above as of June 30, 2024, at ₹1,979 crore.

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