Astra Micro in focus
Company finds 100% FDI a big boost, sees its space biz to grow from 6% to 10%

MTAR TECH, CENTUM ELECTRONICS, L&T, HAL, SUNDRAM FASTENERES

Cabinet approves amendment in the Foreign Direct Investment (FDI) policy on Space Sector

Olectra order for 2400 Busses is worth Rs 4000 cr...this is big considering their annual revenue is Rs 1000 cr

RITES to meet GIC, Singapore today in New Delhi

RVNL in Focus
JV gets transmission line construction order in Madhya Pradesh

Ex Dates tomorrow

Good morning. Things to know today
➡️US markets see second day of gains
➡️Dow up 419 points overnight , Nasdaq up 2.5%
➡️US markets got a lift on hopes that trade tensions between the U.S. and China would ease.
➡️Trump said he is willing to take a less confrontational approach toward trade talks with Beijing
➡️In India, FIIs continue to be buyers in cash , FIIs bought 3323cr in cash market yesterday
➡️Earnings heavy day in our markets : HUL, Axis bank, Tech mahindra, Persistent systems to report earnings today

GIFTNifty lower, trading at a discount of more than 50 pts from Nifty Futures Wednesday close

White House Considers Slashing China Tariffs To De-Escalate Trade War To As Low As 50-55%
President Trump -> China tariffs will “come down substantially, but it won’t be zero” and he thinks they will make a deal. He added that he would play nice.

Earnings Post Market (Till 6.45 PM) 23-04-2025
1) Tata Consumer (In-line)
2) Bajaj Housing (Good)
3) Wendt India (Good)
4) TTML (Good Operating Nos)
5) LTIM (Mix)
6) Den Network (Weak)
7) Siti Cable (Weak)
8) Tamil Nadu Mercantile (QoQ Good, YoY Weak)

Tata Cons reports Q4 earnings
Sales up 17%, margins narrow but beat estimates
Revenue at ₹4,602.3 cr vs ₹3,927 cr (YoY)

LTIMindtree reports Q4 earnings
Net profit at ₹1,128.5 cr; announces final dividend of ₹45
Revenue at ₹9,771.7 cr vs ₹9,661 cr (QoQ)

Bajaj Finance board to consider special interim dividend, stock split, and bonus issue on April 29, 2025

Lupin shares gain ahead of US drug launch that can fetch $200 million in FY26

ICICI Pru March premium rises 18%, total APE up 32% (YoY), SBI Life premium down 11% YoY

Adani Green: Arm enters into power purchase agreement with Uttar Pradesh Power Corporation Limited for supply of 1,250 mw energy storage capacity from pumped hydro storage projects

Niva Bupa Health Insurance says, IRDAI has approved re-appointment of Krishnan Ramachandran as CEO & Managing Director of the Company for 5 years w.e.f. May 1

Spandana Sphoorty
Shalabh Saxena resigns as MD & CEO of the company
Ashish Kumar Damani aamed as an interim CEO of the company

Dalmia Bharat Q4 net profit surges 37% to ₹439 crore, beats forecast; final dividend declared

Biocon gets board approval to raise up to ₹4,500 crore via securities issuance or NCDs or any other method

Can Fin Homes Q4 net profit rises 12% YoY to ₹234 crore, declares ₹6 final dividend

Syngene International Q4 Results: Profit beats estimates, revenue misses Street

GIC & SahmiHotels enter into a strategic partnership to establish an investment platform

BharatForge shares in focus after the US administration begins #probe on imports of heavy truck parts

FIIs net buy ₹3,332.93 crore
DIIs net sell ₹1,234.46 crore

Vascon Engineers gets Letter of Intent (LoI) for a project worth ₹225.5 crore from Royal Rides

Bajaj Housing Finance Q4
Net Profit Up 53.9% At ₹586.7 Cr Vs ₹381.3 Cr (YoY)
Revenue Up 25.6% At ₹2,508 Cr Vs ₹1,996.4 Cr (YoY)

Thyrocare Technologies Q4 profit rises 22%; board declares ₹21 final dividend

Insurance Stocks
Life insurers' first-year premiums rise 2% in March, 5.1% in FY25

ShriramProperties acquires approx 5-acre land project in Yelankaha, NorthBengaluru with GDV over ₹200 cr

Caplin Point Labs arm gets USFDA nod for injection to treat Vitamin K deficiency