In today’s trading landscape, certain stocks are drawing significant attention from investors. Notably, Bharti Airtel has made headlines with its recent agreement to acquire spectrum rights in collaboration with its subsidiary, Bharti Hexacom. This strategic move involves securing 400 MHz of spectrum in the 26 GHz band across key Indian states, including Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu.
Key Earnings Announcements to Watch
LTIMindtree and Bajaj Housing Finance are poised to capture market interest as both firms are set to release their quarterly earnings reports today. Investors are eager to gauge their financial performance amid a dynamic economic landscape.
- Earnings Release Date: April 23, 2025
- Companies In Focus: LTIMindtree, Bajaj Housing Finance
HCL Technologies Reports Mixed Results
HCL Technologies has recently reported a 6.2% decrease in net profit, bringing it down to ₹4,307 crore from ₹4,591 crore year-on-year. Despite this decline, the company experienced a modest revenue growth of 1.2%, with total revenue reaching ₹30,246 crore, up from ₹29,890 crore. However, revenue in dollar terms fell by 1%, totaling $3,498 million. In a move to reward shareholders, the board has declared an interim dividend of ₹18 per share for the financial year 2025.
Waaree Energies Shows Impressive Growth
In an impressive financial performance, Waaree Energies reported a 37.69% increase in revenue for the fourth quarter, totaling ₹4,140 crore. Over the entire fiscal year, the company achieved total revenue of ₹14,846.06 crore, reflecting a 28% year-on-year growth.
Bharat Forge and 360 ONE WAM Gain Regulatory Approvals
Bharat Forge has received the green light from the Competition Commission of India (CCI) for its acquisition of AAM India’s manufacturing operations, pending certain modifications. Furthermore, 360 ONE Private Equity Fund, a subsidiary of 360 ONE WAM, has been granted approval to acquire equity shares in Bharti Axa Life Insurance Company. This includes subscriptions to additional shares by both 360 ONE and Bharti Life Ventures.
Cyient DLM and Delta Corp Financial Highlights
Cyient DLM reported a net profit of ₹31 crore for the fourth quarter, with operational revenue increasing by 18% to ₹362 crore. Meanwhile, Delta Corp posted a net profit of ₹165 crore during the same period, although revenue saw a slight decline of 1%, bringing it to ₹183 crore.
Power Finance Corporation Addresses Outstanding Dues
The state-backed Power Finance Corporation is actively exploring options regarding the outstanding dues of ₹307 crore owed by Gensol Engineering. This proactive approach aims to ensure financial stability and accountability.
Ashoka Buildcon Secures Major Project
Lastly, Ashoka Buildcon has received an acceptance letter for a significant project valued at ₹568.86 crore from the Central Railway, marking a substantial opportunity for growth.
As the markets continue to evolve, keeping an eye on these developments will be crucial for investors looking to make informed decisions.
