Stocks To Watch Today, April 17: Infosys, Wipro, Paytm, Angel One, Jio Financial, UltraTech Cement – News18
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Sensex and Nifty are set to maintain their positive momentum. Key stocks to watch today include Infosys, Jio Financial, UltraTech Cement, BHEL, IRFC, Tata Steel, Paytm, Hero MotoCorp, Angel One, and Wipro.
Several stocks will remain in focus on Thursday due to multiple of developments.
Stocks To Watch Today: The Sensex and Nifty are poised to extend their positive momentum on Thursday, buoyed by optimistic pre-market cues. Gift Nifty, the after-hours trading platform, indicated a bullish start, trading 0.44 per cent higher at 23,367.50 around 8:00 AM.
This upward trajectory may follow a strong performance on Wednesday, which saw the Sensex close 309 points higher at 77,044. The Nifty also registered gains, rising 108 points, or 0.47 per cent, to end the day at 23,437.
Market participants will be closely watching a number of stocks today, influenced by various corporate and company-specific developments.
Stocks To Watch Today, April 17:
Infosys In Focus
IT company Infosys will declare its Q4 results for the FY2024-25. The company will also declare final dividend, if any.
Jio Financial In Focus
Jio Financial Services will also announce its Q4 results for the FY2024-25. The company will also announce dividend for FY25, if any.
UltraTech Cement in Focus
UltraTech Cement has entered into an Energy Supply Agreement and a Share Subscription and Shareholders Agreement to acquire 26% equity shares of AMPIN C&I Power Eight, a company that generates and transmits renewable energy. This acquisition aims to meet UltraTech’s green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption under electricity laws.
Bharat Heavy Electricals (BHEL) in Focus
BHEL has signed a Technology Transfer Agreement with Bhabha Atomic Research Centre (BARC) for electrolyser systems used in hydrogen production. The technology, known as the Mixed-Matrix Membrane Diaphragm, will enable BHEL to achieve complete indigenous development of alkaline electrolyser systems.
Indian Railway Finance Corporation (IRFC) in Focus
The High Court of Judicature at Madras has ruled in favor of IRFC by allowing their writ petitions and setting aside the Assistant Commissioner (ST)’s tax demand order dated December 4, 2024, which amounted to Rs 230.55 crore.
Tata Steel in Focus
Tata Steel Nederland has signed an agreement to create the world’s first liquid hydrogen import corridor connecting Oman, the Netherlands, and Germany. This initiative, as reported by CNBC-TV18, involves collaboration with the Port of Amsterdam, Ecolog, and other industrial organizations to enable the commercial-scale import of RFNBO (renewable fuel of non-biological origin) compliant liquid hydrogen into Europe.
One 97 Communications (Paytm) in Focus
Vijay Shekhar Sharma, Chairman, Managing Director, and CEO of Paytm, has voluntarily relinquished all 2.1 crore ESOPs granted to him under the One 97 Employees Stock Option Scheme, 2019, effective immediately. This action will result in a one-time, non-cash ESOP expense of Rs 492 crore in Q4 FY25, with an equivalent reduction in future ESOP expenses.
Hero MotoCorp in Focus
Hero MotoCorp has announced a temporary production pause from April 17 to 19 at four of its manufacturing plants in Dharuhera, Gurugram, Haridwar, and Neemrana due to a short-term supply alignment. Production will resume on April 21, while the Tirupati and Halol plants will continue to operate during this period. The pause will not impact the company’s ability to meet retail demand in domestic or international markets, and any production deferment will be efficiently recovered in the following month.
Angel One Q4 (Consolidated YoY) in Focus
Angel One’s profit decreased by 48.7% to Rs 174.5 crore from Rs 339.9 crore, while revenue fell by 22.2% to Rs 1,056 crore from Rs 1,357.3 crore. The board has approved a final dividend of Rs 26 per share for FY25.
Wipro in Focus
Wipro’s consolidated profit grew by 6.6% to Rs 3,588.1 crore from Rs 3,366.7 crore. IT services revenue increased by 0.7% to Rs 22,445.3 crore from Rs 22,285.1 crore, while IT services EBIT rose by 0.7% to Rs 3,927 crore from Rs 3,899 crore, maintaining a flat EBIT margin of 17.5%. Total bookings jumped 13.4% to $3,955 million in constant currency, though IT services revenue in dollar terms declined by 1.2% to $2,596.5 million. For Q1FY26, the company expects IT services revenue to be in the range of $2,505-2,557 million, indicating a decline of 3.5%-1.5% in constant currency terms.