Stocks to Watch Today: Powerica, Sai Parenterals, Prestige Estates, NMDC, Ola Electric, Hero Moto, V-Mart, and Tamilnad Mercantile Bank in Focus

Stock Market Update: Key Developments in Indian Business and Finance

The Indian stock market has witnessed significant developments in recent times, with major companies announcing investments, deals, quarterly earnings, acquisitions, appointments, and order wins. Here's a comprehensive overview of the key stocks that will be in focus in today's trade:

Quarterly and Yearly Business Update

South Indian Bank Q4 (YoY)

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South Indian Bank has reported a significant growth in gross advances, with a 15.66% increase to Rs 1.01 lakh crore, compared to Rs 87,579 crore in the previous year. Total deposits have soared 14.71% to Rs 1.23 lakh crore, up from Rs 1.07 lakh crore. The CASA ratio has risen 75 basis points to 32.12%, while CASA has increased 17.47% to Rs 39,621 crore.

Indian Bank Q4 (YoY)

Indian Bank has reported a 13.1% jump in total business to Rs 14.98 lakh crore, compared to Rs 13.25 lakh crore in the previous year. Gross advances have soared 13.6% to Rs 6.68 lakh crore, while total deposits have zoomed 12.6% to Rs 8.30 lakh crore. However, the CASA ratio has fallen to 39.86%, down from 40.17%.

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Karnataka Bank Q4 (YoY)

Karnataka Bank has reported a 3.8% rise in total deposits to Rs 1.08 lakh crore, compared to Rs 1.04 lakh crore in the previous year. Gross advances have jumped 6.9% to Rs 83,337 crore, while the share of CASA to total deposits has increased 190 basis points to 33.65%. CASA has soared 10% to Rs 36,621.16 crore.

Tamilnad Mercantile Bank Q4 (YoY)

Tamilnad Mercantile Bank has reported a 17.37% growth in total business to Rs 1.15 lakh crore, compared to Rs 98,055 crore in the previous year. Advances have surged 20.32% to Rs 53,380 crore, while total deposits have jumped 14.94% to Rs 61,712 crore. CASA has zoomed 22.35% to Rs 17,365 crore.

V-Mart Retail Q4 (YoY)

V-Mart Retail has reported a 24% growth in total revenue to Rs 971 crore, compared to Rs 780 crore in the previous year. Same store sales growth has been reported at 12%. The company has opened 29 stores and shut 6 stores.

Bansal Wire Industries Q4 (YoY)

Bansal Wire Industries has reported a 20.26% surge in total sales volume to 1.17 lakh MT, compared to 97,821 MT in the previous year.

Indian Oil Corporation FY26 (YoY)

Indian Oil Corporation has reported a crude throughput of 75.4 MMT, with an operational reliability of 99.5%. Sales volume of petroleum products has grown 4% to 104.4 MMT, while lubes business sales volume has risen 15% to 855 MMT.

Auto Sales Update

Hero MotoCorp (March YoY)

Hero MotoCorp has reported a 8.8% growth in total sales volume to 5.98 lakh units, compared to 5.49 lakh units in the previous year. Domestic sales volume has risen 8.3% to 5.52 lakh units, while exports have jumped 15.6% to 45,693 units.

Force Motors (March YoY)

Force Motors has reported a 13.49% growth in total sales volume to 4,199 units, compared to 3,700 units in the previous year. Domestic sales volume has increased 14.42% to 4,126 units, while exports have fallen 22.3% to 73 units.

TVS Motor Company (March YoY)

TVS Motor Company has reported a 25% growth in total sales to 5.19 lakh units, compared to 4.14 lakh units in the previous year. Two-wheeler sales have grown 25% to 4.98 lakh units, while electric vehicle sales have increased 44% to 38,877 units.

Ola Electric Mobility (March MoM)

Ola Electric Mobility has reported a 150% jump in registrations to 10,117 units, compared to 3,973 units in the previous month.

NMDC (March YoY)

NMDC has reported a 50.7% surge in total iron ore production to 5.35 MT, compared to 3.55 MT in the previous year. Total sales have grown 40.1% to 5.90 MT.

Mobile Subscribers Addition (February MoM)

Reliance Jio

Reliance Jio has added 16.24 lakh subscribers, compared to 24.37 lakh subscribers in the previous month.

Bharti Airtel

Bharti Airtel has added 48.57 lakh users, compared to 44.06 lakh users in the previous month.

Vodafone Idea

Vodafone Idea has added 21,927 subscribers, compared to a loss of 4.11 lakh users in the previous month.

Stocks to Watch

Wipro

Nagendra Bandaru has been appointed as the Chief Executive Officer of the AI-Native Business & Platforms unit and will continue as a Senior Managerial Personnel (SMP) of the company. Kanwar Singh will now take over as President and Managing Partner of Technology Services GBLs, while Suzanne Dann will step down as Chief Executive Officer of the Americas-2 Strategic Market unit to pursue opportunities outside Wipro.

Mergers and Acquisitions

Glenmark Pharmaceuticals

Glenmark Pharmaceuticals Inc., USA, has announced that it will manage the end-to-end commercialization and distribution of Ryaltris (Olopatadine Hydrochloride and Mometasone Furoate) Nasal Spray, 665 mcg/25 mcg, in the United States, effective April 1.

Prestige Estates Projects

Prestige Estates Projects has secured a prime land parcel in Sector 92, Gurugram, and entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel.

Lupin

Lupin's subsidiary, Nanomi BV, Netherlands, has entered into definitive agreements to acquire a 43.38% stake in Multicare Pharmaceuticals Philippines, Inc. (MPPI), a subsidiary of Nanomi, for $39.6 million.