In today’s trading session, several key stocks are poised to attract significant investor attention as they prepare to announce their quarterly earnings. Infosys, Jio Financial Services, HDFC AMC, and HDFC Life will be making their financial disclosures on Thursday, making them hot topics in the market.
Major Corporate Developments
UltraTech Cement is taking a strategic step by purchasing a 26% stake in AMPIN C&I Power Eight, a company specializing in renewable energy generation and transmission, for ₹25 crore. This move underscores UltraTech’s commitment to expanding its footprint in sustainable energy.
Legal Battles and Financial Gains
Hindustan Unilever (HUL) has initiated legal proceedings in the Bombay High Court against Honasa Consumer. The complaint alleges brand disparagement, highlighting the competitive tensions in the consumer goods sector.
In other news, Wipro, a leading IT services firm, reported an impressive net profit of ₹3,570 crore for the fourth quarter ending March 2025. This reflects a robust 26% increase compared to last year’s profits of ₹2,835 crore, showcasing the company’s strong performance in a challenging environment.
New Agreements and Judgments
BHEL is making strides in technology by entering a Technology Transfer Agreement with the Bhabha Atomic Research Centre (BARC). This collaboration will provide BHEL with access to advanced electrolyser systems for hydrogen production, allowing for enhanced domestic development of alkaline electrolyser systems.
In a recent legal victory, the Madras High Court ruled in favor of IRFC, rejecting a tax demand of ₹230.55 crore that was previously issued by the Assistant Commissioner (ST). This decision is a significant win for the corporation.
Changes in Banking Sector
In a move affecting savers, ICICI Bank, the second-largest private lender in India, has lowered its savings account interest rates by 25 basis points. This adjustment aligns with similar reductions by HDFC Bank and Axis Bank, reflecting a broader trend in the banking industry.
Corporate Restructuring
Paytm‘s Chairman and CEO, Vijay Shekhar Sharma, has voluntarily relinquished 2.1 crore ESOPs granted under the One 97 Employees Stock Option Scheme, 2019. This action will incur a one-time, non-cash ESOP expense of ₹492 crore in the fourth quarter of FY25, with anticipated reductions in future ESOP expenses.
Production Adjustments and New Offerings
Hero Motocorp has announced a temporary production halt from April 17 to 19 across its facilities in Dharuhera, Gurugram, Haridwar, and Neemrana. This pause is part of a strategy for short-term supply alignment, with operations expected to resume on April 21.
In a strategic partnership, SBI Cards and Payments Services has collaborated with Tata Digital to launch the Tata Neu SBI Card. This new offering aims to provide customers with a premium and rewarding shopping experience, catering to a diverse range of consumer segments.
As these companies navigate their respective challenges and opportunities, their performance and strategic decisions will undoubtedly shape market movements in the days to come. Stay tuned for updates on their earnings reports and other developments that could influence the trading landscape.
