In today’s trading landscape, several stocks are set to capture investor attention as companies unveil their Q4 results for FY25. Key players such as Tata Steel, UPL, SRF, Raymond, PVR Inox, and Zaggle Prepaid Ocean will be in the spotlight, providing insights into their financial health and future outlook.
Major Stake Sale by SBI
In a significant move, the State Bank of India (SBI) announced on Friday that it has received board approval to divest a 13.19% stake in Yes Bank. This strategic decision will see Japan’s Sumitomo Mitsui Banking Corporation (SMBC) acquire the stake for a substantial ₹8,889 crore. This sale marks a pivotal moment in SBI’s ongoing efforts to streamline its investments.
Swiggy Faces Increased Losses
Swiggy, the popular food delivery platform, has reported a staggering rise in its losses for the fourth quarter, which reached ₹1,081 crore. This figure marks a significant increase from ₹554 crore in the same quarter last year. The company’s management will likely discuss strategies to reverse this trend in future earnings calls.
Canara Bank’s Aggressive Fundraising
With a focus on enhancing its deposit growth, Canara Bank has instructed its 82,000 employees to actively seek funds. This initiative has already borne fruit, leading to a remarkable ₹16,700 crore raised in just ten weeks. This proactive approach reflects the bank’s commitment to strengthening its financial position.
Bank of India Sees Profit Surge
The Bank of India experienced an impressive 82% increase in net profit, reaching ₹2,626 crore for Q4. This surge is attributed to recoveries and gains from previously written-off accounts, showcasing the bank’s effective management and recovery strategies.
Dr. Reddy’s Laboratories Growth
Dr. Reddy’s Laboratories has reported a solid 22% increase in consolidated net profit, climbing to ₹1,594 crore in Q4 FY25, compared to ₹1,307 crore from the same period last year. This growth underlines the company’s robust performance in the pharmaceutical sector.
TVS Motor Optimistic About Growth
The CEO of TVS Motor Company, K.N. Radhakrishnan, expressed optimism regarding the domestic two-wheeler market’s growth this fiscal year. Factors such as income tax relief, increased infrastructure spending, and favorable monsoon forecasts are expected to bolster this sector.
GAIL Ventures into Renewable Energy
GAIL (India) Ltd., a state-run gas entity, has signed a memorandum of understanding (MoU) with the Karnataka government to explore renewable energy projects. This initiative aims to develop a capacity of up to 1 gigawatt (GW), marking a significant step towards sustainable energy solutions.
Adani Power Secures Major Contract
Adani Power has recently won a competitive tender, securing a contract to supply 1,500 MW of thermal power to Uttar Pradesh at a competitive rate of ₹5.383 per unit. This contract could potentially enhance the company’s market presence in the energy sector.
Reliance Power Reports Profit
Reliance Power has declared a consolidated net profit of ₹126 crore for the January-March quarter of FY25. This financial performance is primarily attributed to a reduction in expenses, reflecting the company’s focus on cost management.
As the market reacts to these developments, investors and analysts alike will be keenly monitoring how these companies navigate their respective challenges and opportunities in the upcoming trading sessions.
