Stocks to Watch: Infosys, SBI Life, Trent, Oracle Financial, Bharti Airtel, Vodafone, Jio Financial, Bharat Electronics, Unimech Aerospace in Focus on April 23

Key Stocks to Watch in Today's Trade

The Indian stock market is set for a busy day as several companies are scheduled to release their quarterly earnings. The list of companies includes Infosys, Tata Capital, Aditya Birla Sun Life AMC, Adani Energy Solutions, BlueStone Jewellery and Lifestyle, CIE Automotive India, Cyient, Indian Energy Exchange, Mahindra Logistics, Sterling and Wilson Renewable Energy, Tata Teleservices (Maharashtra), Union Bank of India, and UTI Asset Management Company.

Quarterly Earnings Highlights

SBI Life Insurance Company

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SBI Life Insurance Company has reported a 1.1% decline in profit to Rs 804.6 crore for the fourth quarter (YoY) compared to Rs 813.5 crore. However, the company's net premium income grew 16% to Rs 27,683.8 crore, while renewal premium soared 13.85% to Rs 16,714 crore. Net commission also rose 10.6% to Rs 859.1 crore.

Oracle Financial Services Software

Oracle Financial Services Software has reported a 30.7% surge in profit to Rs 841.7 crore for the fourth quarter (YoY) compared to Rs 643.9 crore. The company's revenue grew 20.3% to Rs 2,065.2 crore.

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Tata Communications

Tata Communications has reported a 74.7% decline in profit to Rs 263.3 crore for the fourth quarter (YoY) compared to Rs 1,040.3 crore. The company's revenue, however, rose 9.4% to Rs 6,554.2 crore.

Monthly Subscribers Data

Reliance Jio added 32.27 lakh subscribers in March, while Bharti Airtel added 50.94 lakh users. Vodafone Idea added 1.02 lakh subscribers.

Stocks to Watch

• Infosys: The company has announced a strategic collaboration with OpenAI to help enterprises transform software development and modernization using OpenAI's frontier AI models and products.
• Jio Financial Services: Jio Financial has entered into a binding agreement with Allianz Group to form a 50:50 primary insurance joint venture.
• Bharat Electronics: The company has secured orders worth Rs 569 crore for avionics, EW systems, high-energy lasers, communication equipment, tank subsystems, laser-based fuzes, test equipment, upgrades, spares, and services.

Other Developments

• Unimech Aerospace and Manufacturing has approved an investment of up to Rs 450 crore for the acquisition of Hobel Bellows Co.
• Lemon Tree Hotels has signed license agreements for two hotel properties in Raipur and Jalandhar.
• Eveready Industries India has inaugurated India's only operating alkaline battery facility in Jammu with an investment of Rs 200 crore.

Bulk Deals

Quant Mutual Fund has bought a total of 20 lakh shares in BlackBuck for Rs 124 crore, while Tata Mutual Fund has acquired 33 lakh shares in Mufin Green Finance for Rs 37.36 crore.

Stocks Trade Ex-Dividend

CRISIL, Huhtamaki India, and Schaeffler India are trading ex-dividend today.