Stocks to Watch Today: Solara Active, Wanbury, Enviro Infra, Mobikwik, BHEL, Sanofi Consumer, Fedbank Financial, Greenply, Ceat, Garden Reach on April 29
Stock Market Update: Key Earnings and Deals to Watch
The stock market is witnessing a flurry of activity today, with several companies set to release their quarterly earnings. Here are some of the key results and deals to watch:
Key Earnings Releases
Today, several companies are scheduled to release their quarterly earnings, including Bajaj Finance, Adani Power, Indian Bank, Federal Bank, Capital Small Finance Bank, Fino Payments Bank, Force Motors, HEG, IIFL Finance, Indegene, Indian Overseas Bank, Moil, Motilal Oswal Financial Services, Mphasis, Syngene International, Vedanta, and Waaree Energies.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Quarterly Earnings Highlights
| Company | Profit (YoY) | Revenue (YoY) |
|---|---|---|
| Bandhan Bank | 68% to Rs 534.1 crore | 1.4% to Rs 2,795.6 crore |
| Garden Reach Shipbuilders & Engineers | 24.1% to Rs 303.2 crore | 29% to Rs 2,119.2 crore |
| Sanofi India | -14.1% to Rs 102.6 crore | -11.9% to Rs 472.3 crore |
| Star Health and Allied Insurance Company | 218.3x to Rs 111.3 crore | 13.9% to Rs 4,327.2 crore |
| Ceat | 145.1% to Rs 243.85 crore | 23.3% to Rs 4,218.9 crore |
| Go Digit General Insurance | 29.2% to Rs 149.4 crore | 6.2% to Rs 2,735.7 crore |
| AWL Agri Business | 53.5% to Rs 292.1 crore | 17.7% to Rs 21,464.8 crore |
| Greenply Industries | 86.4% to Rs 30.7 crore | 19.6% to Rs 776.2 crore |
| Fedbank Financial Services | 40.3% to Rs 100.5 crore | 23.1% to Rs 348.8 crore |
| Sanofi Consumer Healthcare India | 35.6% to Rs 67.8 crore | 32.8% to Rs 229.2 crore |
| Motherson Sumi Wiring India | 1.4% to Rs 167.3 crore | 32.9% to Rs 3,334.6 crore |
| Canara HSBC Life Insurance Company | 8.2% to Rs 34.7 crore | 13.2% to Rs 3,060.7 crore |
| Orient Cement | 31.8% to Rs 55.4 crore | -21.6% to Rs 647.2 crore |
Stocks to Watch
- Solara Active Pharma Sciences: The company's Ibuprofen manufacturing facility in Puducherry has successfully completed an unannounced inspection conducted by the US FDA.
- Wanbury: The Ministry of Food and Drug Safety (MFDS – Korea FDA) has completed a regulatory inspection of the company's Patalganga facility with zero observations.
- Enviro Infra Engineers: The company's subsidiary, EIE Renewables, has entered into a Share Purchase Agreement for the acquisition of 100 percent share capital of Suyog Urja in a phased manner for Rs 311 crore.
- Bharat Heavy Electricals: BHEL has entered into a licensing agreement for the transfer of technology (LAToT) with NSTL-DRDO, Visakhapatnam, for the fabrication, installation, and commissioning of the LM2500 Gas Turbine Infrared Suppression System (GT-IRSS) for naval vessels.
- Alok Industries: The board has appointed Rajbir Saini as Manager and Key Managerial Personnel of the company for a period of three years, effective April 28.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Bulk Deals
- One Mobikwik Systems: Peak XV Partners Investments IV exited MobiKwik by selling its entire shareholding of 62.15 lakh shares (7.89 percent stake) for Rs 133.01 crore at a price of Rs 214.01 per share.
- Wheels India: Nippon India Mutual Fund sold 1.95 lakh shares (0.81 percent stake) in Wheels India for Rs 20.68 crore at Rs 1,060.69 per share.
- ArisInfra Solutions: Motilal Oswal Financial Services bought 41.41 lakh shares (5.06 percent stake) in ArisInfra, a B2B platform for construction materials, for Rs 50.83 crore at Rs 122.76 per share.
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