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Top 10 Stocks to Watch: HDFC Bank, Infosys, ICICI Bank, and Gensol Engineering Lead the Market

Top 10 Stocks to Watch: HDFC Bank, Infosys, ICICI Bank, and Gensol Engineering Lead the Market

The stock market has been on a rollercoaster ride lately, primarily influenced by the uncertainty surrounding global trade tariffs. However, the recent 90-day pause has sparked a resurgence in market activity, propelling stocks upward over the last few trading sessions. Earnings reports are also playing a crucial role in shaping investor sentiment. If you’re looking to keep your finger on the pulse of the market, here’s a roundup of notable stocks making headlines.

Market Performance Overview

On Thursday, the NSE Nifty 50 concluded the trading day up by 414.45 points or 1.77%, reaching 23,852. In a similar vein, the BSE Sensex saw a substantial increase, closing at 78,553, marking a rise of 1,509 points or 1.96%.

Key Stocks to Watch on April 21, 2025

ICICI Bank’s Impressive Growth

ICICI Bank showcased remarkable financial performance in Q4 FY25, with a consolidated net profit soaring to Rs 13,502.22 crore, up from Rs 11,671.52 crore in the same quarter last year. The standalone net profit also saw an 18% increase, totaling Rs 12,629.58 crore. The bank’s net interest income (NII) rose by 11% year-on-year to Rs 21,193 crore, while the net interest margin edged up slightly to 4.41%.

HDFC Bank’s Strong Results

HDFC Bank reported a 6.7% year-on-year increase in standalone net profit, reaching Rs 17,616 crore in Q4 FY25. This growth was fueled by substantial net interest income (NII) gains of over 10%, totaling Rs 32,065.8 crore. The bank’s net interest margin (NIM) on total assets stood at 3.54%.

Infosys Faces Profit Decline

In contrast, Infosys experienced a 12% decline in net profit, reporting Rs 7,033 crore for Q4 FY25. However, the company saw revenue growth of 7.9%, amounting to Rs 40,928 crore. The board has proposed a final dividend of Rs 22 per share for the fiscal year ending March 31, 2025.

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Gensol Engineering’s Acquisition Talks

Gensol Engineering is reportedly in advanced talks with Eversource Capital regarding the acquisition of BluSmart for around Rs 850 crore. A non-binding offer has been made, with expectations for a final decision within the next two weeks. The founders, Anmol Jaggi and Puneet Singh Jaggi, may step down as part of the deal.

Prestige Estates Projects Plans Expansion

Prestige Estates Projects aims to double its residential launches in FY26, having launched 26.28 million square feet of projects during FY25, primarily in Bengaluru, Mumbai, and Hyderabad. The gross development value (GDV) of these projects is estimated at Rs 26,222.8 crore.

JSW Energy’s Capacity Growth

JSW Energy is set to reassess its capacity addition goals as it anticipates reaching its target of 20 GW ahead of schedule. The company achieved a record addition of 3.6 GW in FY25, surpassing expectations. Joint Managing Director and CEO Sharad Mahendra expressed optimism, stating, “We will be adding more capacity this year than last.”

YES Bank’s Profit Surge

YES Bank reported a remarkable 63.3% year-on-year increase in net profit, totaling Rs 738.1 crore for Q4 FY25, up from Rs 451.9 crore the previous year. Its net interest income (NII) also grew by 5.7%, reaching Rs 2,276.3 crore.

Adani Ports Expands Internationally

Adani Ports and SEZ, India’s largest private port operator, has made significant moves by acquiring a coal export terminal in Australia for $2.4 billion in a non-cash transaction. This acquisition aims to bolster the company’s footprint in the Asia-Pacific region.

Jio Financial Services Shows Steady Growth

Jio Financial Services recorded a consolidated net profit of Rs 316.11 crore, marking an increase of 1.8% compared to the same quarter last year. Total income surged to Rs 518 crore, reflecting a 24% year-on-year growth.

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Tata Elxsi’s Quarterly Decline

Tata Elxsi reported a consolidated net profit of Rs 172 crore for the last quarter of the financial year, representing a 13% sequential decline. Revenue fell by 3.3% to Rs 908 crore, and earnings before interest and taxes (EBIT) dropped by 17%.

Coal India Implements Innovative Technology

Coal India’s subsidiary, SECL, has entered into a Rs 7,040 crore agreement with TMC Mineral Resources to implement paste filling technology for coal production. This marks a significant step as SECL becomes the first coal PSU in India to adopt this innovative underground mining method.

Upcoming Earnings Reports

Expect to see quarterly earnings reports from various companies, including Tata Investment Corporation, Himadri Speciality Chemical, and Mahindra Logistics, among others, for the last quarter of the financial year 2024-25.

Stay tuned for updates on these stocks and market developments to make informed investment decisions!

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