Published on: April 21, 2025
Tata Elxsi shares surged over 5.5% on Monday to hit an intraday high of ₹5,173, even as the company posted a 12.4% year-on-year decline in net profit to ₹172.4 crore for the fourth quarter of FY25. The stock snapped a two-day losing streak and was trading 5.4% higher at ₹5,168, outperforming the Nifty50, which was up 0.86% as of 10:34 AM.
Despite muted earnings, investor sentiment was buoyed by management commentary indicating improved growth visibility in the current quarter, particularly from major clients in the automotive sector, which remains the company’s largest revenue contributor.
Tata Elxsi's revenue from operations stood at ₹908.3 crore, up a marginal 0.3% YoY, while EBITDA dropped 20.5% to ₹207.7 crore, and margins shrank to 22.9% from 28.8% in the year-ago period.
The company’s transportation vertical, which contributes over half of its software services revenue, was hit by project pauses from top auto clients in the US and Europe, mainly due to tariff-related uncertainties. This led to a 10% sequential decline in segment revenue.
CEO Manoj Raghavan acknowledged the slowdown but remained optimistic about a turnaround in the near term, backed by strong customer relationships and improving pipeline visibility.
Tata Elxsi, with a market cap of ₹32,169 crore, operates across multiple industries including automotive, communications, healthcare, and broadcast, offering end-to-end product engineering and design services.
Published on: April 21, 2025
Divi’s Laboratories shares rallied over 4% on Monday, hitting an intraday high of ₹5,914, after the company announced a long-term supply agreement with a global pharmaceutical company. As per the agreement, Divi’s will manufacture and supply advanced intermediates, though the identity of the partner remains undisclosed.
In a stock exchange filing, the company stated it expects a “meaningful revenue contribution” from this strategic partnership. The company also announced a capacity expansion plan across its facilities with an estimated investment of ₹650–₹700 crore, to be funded through internal accruals.
As of 10:10 AM, the stock was trading at ₹5,855.50, up 3.81% from the previous close. In comparison, the Nifty 50 was up 0.87% at 24,058.55. Despite the rally, Divi’s shares remain 6% below their 52-week high of ₹6,285.45 recorded in December 2024. The company’s market capitalisation currently stands at ₹1.5 trillion.
Q3 FY25 Snapshot:
In the December 2024 quarter, Divi’s Labs reported a 64% YoY jump in net profit to ₹589 crore, with revenues up 25% YoY to ₹2,319 crore. However, revenue dipped marginally 0.8% QoQ. Net profit rose 15% sequentially.
About Divi’s Laboratories:
Founded in 1990, Divi’s Labs is one of the world’s leading API (Active Pharmaceutical Ingredient) manufacturers. It operates major facilities in Hyderabad and Vizag and supplies to over 100 countries. The company also has subsidiaries in the USA and Switzerland.
Published on: April 21, 2025
Shares of Jio Financial Services Ltd. traded higher in early Monday trade following a modest rise in the company's Q4 FY25 earnings. The stock touched an intraday high of ₹250, its highest level since February 10, before trimming gains to trade at ₹247.89, up 0.58% as of 9:35 a.m., outperforming the Nifty 50’s 0.45% gain.
The company reported a 1.8% year-on-year increase in consolidated net profit for the March quarter to ₹316.1 crore, compared to ₹310.6 crore in the same period last year. Total income rose 24% YoY to ₹518 crore, while total expenses climbed to ₹168 crore from ₹103 crore.
For the full fiscal year, net profit edged up to ₹1,612.6 crore from ₹1,604.6 crore in FY24. The board has recommended a dividend of ₹0.50 per equity share for the year ended March 31.
Despite Monday’s gains, the stock is down 17.10% year-to-date and has fallen 33.09% over the past 12 months. The Relative Strength Index (RSI) stood at 62.95, indicating moderate strength. According to Bloomberg data, the sole analyst covering the stock has a ‘hold’ rating with a target price of ₹286, implying a 15.7% upside from current levels.
Published on: April 21, 2025
Indian equity markets opened strong on Monday, shrugging off mixed cues from Asian peers. The Sensex surged 450 points to 78,903, while the Nifty 50 opened at 23,949, buoyed by upbeat sentiment following robust earnings from banking giants ICICI Bank and HDFC Bank, propelling the Bank Nifty to a new record high.
Investor optimism was further supported by sustained foreign institutional investor (FII) buying, with FIIs injecting ₹4,667.9 crore into Indian equities over the past three sessions.
Sectoral Performance:
Gains were broad-based, led by private banks and financial services. The pharma and realty sectors also performed well, while the IT sector lagged due to tepid Q4 results.
Stocks in Focus:
• ICICI Bank soared over 2% to a fresh high of ₹1,436 after posting strong Q4 numbers.
• HDFC Bank jumped over 2% to an all-time high of ₹1,950.7 on operating profit beat.
• Infosys, despite weak Q4 results, gained nearly 2%.
• Tata Investment Corporation was up over 2% ahead of its Q4 earnings announcement.
Global Markets & Crude:
Asian markets remained mixed with China’s CSI 300 gaining, while Japan’s Nikkei dropped over 1%. Meanwhile, crude oil prices declined by over 1.5%, as fears around US tariff policies impacting global demand weighed on sentiment. Brent crude was down to $66.86, while WTI crude slipped to $63.57 per barrel.
Published on: April 21, 2025
HDFC Bank Ltd.'s fourth-quarter earnings have reinforced its appeal among top brokerages, with Jefferies and Macquarie maintaining bullish views driven by stable credit costs, improving margins, and strong asset quality. The bank reported a 6.7% year-on-year increase in net profit to ₹17,616 crore and a 10.3% rise in net interest income to ₹32,066 crore. While operating profit declined 9.4%, a sharp 76.4% drop in provisions helped offset the impact. Asset quality improved with gross NPA at 1.33% and net NPA down to 0.43% quarter-on-quarter.
Jefferies continues to list HDFC Bank among its top picks, citing improved loan growth and robust deposit performance. The brokerage raised its price target to ₹2,340, based on a 2.5x FY27 adjusted price-to-book ratio, and highlighted strong NIM performance at 3.54%, aided by CRR cuts and lower credit losses. Macquarie echoed the sentiment, maintaining an 'outperform' rating and highlighting margin stability and a positive outlook on credit costs and system-aligned loan growth.
Domestic brokerages also upgraded their targets:
• Emkay Global revised its target price to ₹2,200, expecting RoA of 1.8–1.9%.
• Dolat Capital increased its target by 8% to ₹2,100, citing consistent execution and improved asset quality.
• Nuvama raised its forecast to ₹2,195, reflecting strong Q4 results and stable credit metrics.
• IDBI Capital, Systematix, and Motilal Oswal each lifted their targets to ₹2,200, pointing to strong underwriting, recovery in loan-to-deposit ratios, and higher productivity post-merger.
Despite short-term pressures from the recent merger, brokerages remain optimistic about HDFC Bank's long-term growth potential, driven by strong fundamentals, solid asset quality, and margin expansion.
Published on: April 17, 2025
Foreign institutional investors (FIIs) reduced their stakes in multiple Adani group companies by approximately ₹3,600 crore during the March 2025 quarter, while domestic institutional investors, including Life Insurance Corporation of India (LIC), significantly increased their investments. FIIs divested from five key Adani entities, including Adani Green Energy and Adani Ports & SEZ, with the largest reduction seen in Adani Green Energy (₹1,850 crore). However, GQG Group slightly increased its stake in certain Adani firms, investing around ₹430 crore each in Adani Green Energy and Adani Enterprises.
On the other hand, LIC led the charge among domestic investors, contributing ₹2,050 crore to various Adani Group companies, with significant stakes raised in Ambuja Cements and Adani Ports & SEZ. Other domestic institutional players, including insurance companies, pension funds, and mutual funds, also boosted their holdings, particularly in Ambuja Cements and Adani Green Energy.
Despite recent allegations related to bribery and misleading investors, the Adani Group continues to deny all accusations and is pursuing legal action. The company's stock performance and investor sentiment are being shaped by these ongoing developments in the wake of external scrutiny.
Published on: April 17, 2025
Welcome to the Tech Mahindra Stock Liveblog, your go-to destination for real-time updates, in-depth analysis, and actionable insights on one of India’s leading IT stocks. As of 6:34:47 PM IST on April 17, 2025, Tech Mahindra is trading at ₹1306.8, with a market capitalization of ₹1,27,907.89 crore.
The stock has witnessed a trading volume of 30,27,966, reflecting active investor interest. Tech Mahindra maintains a P/E ratio of 34.15, paired with earnings per share (EPS) of ₹38.27, offering a balanced perspective for both growth-focused and value-seeking investors.
Stay tuned as we bring you live market trends, breaking news, and technical and fundamental cues that could influence Tech Mahindra's trajectory. With expert commentary and evolving data, this blog is tailored to help you navigate the dynamic market environment and assess the true potential of Tech Mahindra.
Published on: April 17, 2025
Infosys Ltd. announced two strategic acquisitions to bolster its global digital and cybersecurity capabilities. The IT major will acquire MRE Consulting, a Houston-based energy and commodity trading and risk management (E/CTRM) consulting firm, for $36 million, and The Missing Link, a leading Australian cybersecurity services provider, for A$98 million.
The MRE deal brings Infosys closer to the energy sector’s growing demand for digital transformation, offering access to 200 domain experts in E/CTRM platforms. The Missing Link acquisition enhances Infosys’ cybersecurity offerings across Red Team, Blue Team operations, and adds a state-of-the-art Global Security Operations Centre (GSOC) in Australia.
Both acquisitions are expected to be completed in Q1 FY26 (ending June 30, 2025), pending regulatory approvals and closing conditions.
In a parallel development, Mitsubishi Heavy Industries (MHI) has acquired a 2% stake in HIPUS, Infosys’ Japanese joint venture launched in 2019 to digitize procurement for Japanese corporations. MHI’s investment signals deepening collaboration and supports Infosys’ continued expansion in Japan, leveraging next-gen procurement tech and regional partnerships.
These moves reaffirm Infosys’ commitment to scaling its global reach and expertise in high-demand verticals like energy, cybersecurity, and strategic sourcing.
Published on: April 17, 2025
Infosys Ltd., India’s second-largest IT services company, reported a 12% year-on-year (YoY) decline in net profit to ₹7,033 crore in Q4FY25, even as revenue rose 7.9% YoY to ₹40,928 crore. On a sequential basis, net profit increased 3.3%, while revenue dipped 2% quarter-on-quarter (QoQ), reflecting seasonal softness and macro uncertainty.
The company’s board has declared a final dividend of ₹22 per share for FY25, with the record date set as May 30, 2025 and payout scheduled for June 30. CEO Salil Parekh highlighted Infosys’ focus on AI, cloud, automation, and cost efficiency as key differentiators, adding that the company continues to deliver robust free cash flows and margin resilience.
In Q3FY25, Infosys had posted a net profit of ₹6,806 crore and revenue of ₹41,764 crore, showcasing a stronger quarter compared to the Q4 performance.
Despite the earnings dip and a challenging global environment marked by US tariff policies and IT sector volatility, Infosys shares closed 1.07% higher at ₹1,428.10 on Thursday. The stock had opened lower at ₹1,404.85 and hit an intraday low of ₹1,378.60 before recovering.
So far in 2025, Infosys shares have declined 25%, impacted by macro headwinds and sector-wide caution, even as investors eye a potential recovery in demand and easing of global trade tensions.
Published on: April 17, 2025
Wipro Ltd. saw its share price tumble over 6% on Thursday, following the announcement of muted Q1 FY26 guidance and below-expectation revenue figures for Q4 FY25. The IT major forecasted a sequential revenue decline of -3.5% to -1.5% for the June quarter, citing persistent macroeconomic uncertainties and subdued client spending.
In Q4, consolidated revenue rose 0.8% sequentially to ₹22,504 crore, falling short of Bloomberg’s consensus estimate of ₹22,684 crore. However, net profit beat estimates, growing 6.6% QoQ to ₹3,588 crore, compared to the expected ₹3,364 crore. EBIT came in at ₹3,902 crore, slightly under the projected ₹3,923 crore.
Wipro's American Depositary Receipts (ADRs) also reacted negatively, closing 3.2% lower at $2.73 in New York on Wednesday.
Several brokerages slashed their ratings and target prices:
• Citi reiterated a ‘Sell’ rating and reduced the target to ₹215 from ₹240.
• BofA maintained ‘Underperform’, cutting the target to ₹225 from ₹260.
• Investec kept a ‘Hold’ and trimmed the target to ₹250, warning of a likely FY26 revenue decline.
As of 9:24 AM, Wipro shares traded at ₹233.40, down 5.75%, underperforming the Nifty 50’s 0.50% decline. Trading volume was 10 times the 30-day average, and the Relative Strength Index (RSI) dropped to 31, signaling oversold conditions.
Among 45 analysts covering Wipro, 10 rate it ‘Buy’, 14 ‘Hold’, and 21 ‘Sell’, with the 12-month average price target implying a potential 8.5% move from current levels.
Published on: April 17, 2025
The fourth-quarter earnings season continues to gain momentum, with 10 companies set to release their Q4 FY25 results on Thursday, April 17. All eyes will be on heavyweight counters like Infosys, Jio Financial, HDFC Asset Management Company (AMC), and HDFC Life, as investors look for cues on business momentum, guidance, and macro trends.
Infosys Q4 Preview:
India’s second-largest IT services exporter, Infosys, is expected to report a muted performance, with a likely 1% sequential decline in constant currency (CC) revenue, though YoY growth may touch 10%. Analysts are divided on net profit outlook, with estimates ranging from a 10% rise to a 19% decline, reflecting cautious sentiment due to seasonal weakness, lower third-party revenues, and macro uncertainties.
The company is expected to guide for 1–4% CC revenue growth for FY26, influenced by slowing global demand and absence of large deal ramp-ups witnessed in FY25.
HDFC Life Q4 Preview:
HDFC Life Insurance is poised for a robust quarter, with APE (Annualised Premium Equivalent) projected to grow 10–17% YoY, and VNB (Value of New Business) expected to rise by 10–14%, according to estimates from Sharekhan, Yes Securities, and Nuvama.
Profit after tax is anticipated to rise sharply—up to 31% YoY and 28% QoQ, led by improved product mix and operating leverage.
Other Earnings to Watch:
Apart from the marquee names, Advik Capital, Devinsu Trading, Indosolar, Mahindra EPC Irrigation, National Standard (India), and Omnitex Industries India are also set to declare their Q4 results today.
Investors will closely track management commentary on FY26 guidance, especially from Infosys and HDFC Life, to gauge sectoral health amid evolving global and domestic trends.
Published on: April 17, 2025
Indian equity markets are expected to open on a cautious note on Thursday, April 17, after a strong three-session rally, as investors react to early Q4 earnings signals and global cues. At 8:00 AM, GIFT Nifty Futures was trading 53 points lower at 23,380, hinting at a soft start. Despite a red handover from Wall Street, Asian peers like Nikkei, Hang Seng, ASX200, and Kospi opened in green, offering some support.
Overnight, US markets fell sharply as Fed Chair Jerome Powell’s comments on inflation risks from potential tariff changes under Donald Trump’s policies spooked investors. The Nasdaq tumbled over 3%, while the S&P 500 and Dow Jones dropped 2.24% and 1.73% respectively.
Key Stocks to Watch:
• Wipro: Reported a 26% YoY jump in Q4 net profit at ₹3,570 crore; revenue grew modestly by 1% to ₹22,504 crore.
• DLF: To sell SEZ and 25.9-acre land parcel to Srijan Realty for ₹693 crore, pending regulatory approvals.
• Paytm: Vijay Shekhar Sharma voluntarily surrenders 21 million ESOPs worth ₹1,800 crore, cutting ESOP-related expenses by ₹492 crore for Q4.
• Angel One: Q4 profit plunged 49% YoY to ₹174.5 crore; revenue also down 22% to ₹1,057.8 crore.
• Hero MotoCorp: Temporarily halts production at four plants from April 17–20 for supply alignment; to resume April 21.
• IRFC: Gets interim GST relief after Madras High Court quashed ₹230.55 crore demand order.
• BHEL: Signs tech transfer deal with BARC for indigenous alkaline electrolyser systems using membrane technology for hydrogen production.
• Waaree Renewables: Strong Q4 with 77% surge in PAT to ₹125.18 crore; revenue up over 32%.
• SBI Cards: Ties up with Tata Digital to launch co-branded Tata Neu SBI Card for premium customer experience.
• Ultratech Cement: Acquires 26% stake in AMPIN C&I Power Eight to support green energy goals and captive power compliance.
With Q4 earnings season gaining momentum, market participants are expected to remain selective and watchful. Analysts caution that volatility may rise, though the broader bias stays positive due to solid domestic flows and earnings expectations.
Published on: April 17, 2025
The Indian rupee appreciated by 31 paise on Thursday to settle at 85.38 against the US dollar, marking its third consecutive close below the 86 level. The local unit opened at 85.61 and strengthened through the session, buoyed by robust foreign inflows, a steady dollar index, and cooling market sentiment.
Analysts attributed the strength in the rupee to India’s attractive real yields, which continue to outpace those in major global economies, drawing in foreign institutional investments. “This trend is likely to persist, offering sustained support to the rupee,” said Amit Pabari, MD of CR Forex Advisors. He noted that a break below the 85.50 level could open room for the rupee to appreciate further toward 85.00 in the near term.
Meanwhile, the dollar index remained largely unchanged, trading slightly up by 0.09% at 99.47, as markets weighed recent hawkish signals from the US Federal Reserve. Pabari expects a short-term rebound in the dollar index toward the 101.50–102 range.
On the commodities front, Brent crude oil prices surged for the second consecutive day, with the June futures contract trading at $66.42 per barrel, up 0.87%. The spike comes amid escalating US pressure on Iran’s oil exports and positive momentum in US-Japan trade talks, which collectively stoked market optimism. Brent crude is now poised for its first weekly gain this month, reversing recent weakness.
Published on: April 17, 2025
Indian equity markets ended the trading week on a strong note, with benchmark indices closing sharply higher on April 17, buoyed by broad-based buying across sectors. The Sensex surged 1,509 points to 78,474, while the Nifty 50 climbed 471 points to 23,851, marking a blockbuster session ahead of the Good Friday market holiday on April 18.
All NSE sectoral indices ended in the green, underscoring strong investor sentiment. Nifty Bank rose 1.4%, led by gains in ICICI Bank and SBI, while Nifty Auto, Oil & Gas, Pharma, PSU Bank, and Telecom indices gained between 1–2%. The BSE Midcap and Smallcap indices also posted gains of 0.3% and 0.5%, respectively, reflecting broad market participation.
Top gainers included Bharti Airtel, ICICI Bank, SBI, and Sun Pharma, which powered Nifty’s sharp move. However, some stocks like Wipro, Tech Mahindra, Hero MotoCorp, JSW Steel, and L&T witnessed mild profit booking, slightly trimming gains.
From a technical standpoint, analysts expect the Nifty to target 24,000, with immediate support at 23,600. The bullish momentum is expected to continue, driven by optimism around Q4 results, particularly from banking heavyweights HDFC Bank and ICICI Bank, due to report on April 19.
Looking ahead, market experts anticipate a rise in volatility as the earnings season picks up, but the overall undertone remains positive, supported by robust domestic macros, stable foreign inflows, and upbeat corporate outlooks.
Published on: April 17, 2025
Shares of One97 Communications, the parent company of Paytm, fell over 2% on Thursday, April 17, 2025, to hit an intraday low of ₹848, following news that MD & CEO Vijay Shekhar Sharma voluntarily gave up 21 million ESOPs granted to him during the company's listing. These shares were valued at over ₹1,800 crore, based on Paytm’s April 16 closing price of ₹864.95.
In an exchange filing, Paytm announced that its Nomination and Remuneration Committee (NRC) accepted Sharma’s offer to forego the stock options under the One97 Employees Stock Option Scheme, 2019. The unvested ESOPs have now been cancelled and returned to the pool, leading to a cost saving of ₹492 crore in Q4 FY25, with similar benefits expected in future quarters.
By 12:32 PM, Paytm shares were trading at ₹855.35, down 1.11%, while the Nifty50 was up 0.91% at 23,649.70. Year-to-date, Paytm’s stock has slipped around 13%, significantly underperforming the broader market.
This ESOP development comes after SEBI issued a show-cause notice in August 2024, questioning the legality of the grant, as large shareholders with decision-making influence are barred from holding ESOPs under SEBI rules.
In its Q3 FY25 earnings, Paytm reported a net loss of ₹208 crore, a slight improvement from ₹220 crore YoY, with revenue plunging 36% to ₹1,826 crore. Operating expenses were trimmed by 31%, reflecting efforts to control costs amid ongoing regulatory and business challenges. Paytm’s market cap currently stands at ₹54,322.11 crore.