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CHOLAMANDALAM INVESTMENT AND FINANCE: Q4 SL NET PROFIT 12.7B RUPEES VS 10.6B (YOY); EST 12.12B

BEAT ESTIMATES
BEAT YOY

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ACTION FOR DAY
India: Industrial production Data
Q4FY25 Earnings-Nifty: UltraTech Cement
Other Earnings: Nippon Life India, CSB Bank, KPIT Technologies, Castrol India, Firstsource Solutions, PNB Housing, Adani Green, Adani Wilmar, TVS Motor, Central Bank, Oberoi Realty, IDBI Bank, Adani Total Gas, IIFL Securities, UCO Bank, Greenply Industries
UCO Bank board to mull fundraising

EARNINGS
Good-DCB Bank (asset quality improves), MRPL, RBL Bank (Commentary positive), Oracle Financial Services
Inline-IDFC First Bank (Commentary strong on MFI stress has peaked out), Zensar Tech
Mixed-Reliance, Bhansali Engineering, India Cements, TATA Tech, IGL, Mahindra Lifespace
Weak-Mahindra Holidays, LT Finance, Tejas Networks

IMPORTANT CONCALLS
9-30AM -CONCALL-SML ISUZU ACQUISITION BY M&M
11AM CONCALL-RK FORGING ON DISCREPANCY ON ACOCUNTS

GS on Tata Tech
Sell, TP Rs 550

JPM on Tata Tech
UW, TP Rs 630

Kotak Inst Eqt on Shriram Fin
Buy, TP Rs 750

CLSA on Shriram Fin
O-P, TP cut to Rs 670

HSBC on Shriram Fin
Buy, TP cut to Rs 740

BoFA Sec on RBL BK
U-P, TP Rs 175

CITI on RBL BK
Buy, TP Rs 230

BoFA Sec on Maruti
Buy, TP Rs 14000

GS on Maruti
Neutral, TP Rs 12000

MS on IDFC First BK
EW, TP Rs 65

JPM on IDFC First BK
UW, TP Rs 50

CLSA on IGL
O-P, TP Rs 220

CLSA on RIL
O-P, TP Rs 1650

Macquarie on RIL; O-P, TP Rs 1500
Nuvama on RIL; Buy, TP Rs 1708
Nomura on RIL; Buy, TP Raised to Rs 1650
JPM on RIL; OW, TP Rs 1530

MS on M&M
OW, TP Rs 3675

MS on Apollo Tyres
EW, TP Rs 503

INDUS TOWERS LIMITED
Board Meeting to be held on 30-Apr-2025 to consider and approve Dividend/Bonus/Buyback

SML ISUZU (-VE), M&M (+VE)
Mahindra to acquire 58.96% stake in SML Isuzu for Rs.555 Cr
To acquire stake at Rs.650 /share (64% below CMP of Rs.1789)

AXIS BANK (-VE) : Rajiv Anand retires as Deputy MD

INDUSIND BANK (-VE)
Grant Thornton submits report on forex discrepancy issue
Report identifies incorrect accounting of internal derivative trades as principal cause of discrepancy

Balrampur Chini (-ve) : 35 cr Income tax order

GAIL (India) Ltd. and CONCOR have signed a Memorandum of Understanding (MoU) to explore the adoption of Liquefied Natural Gas (LNG) as an alternative fuel for the logistics sector.

Biocon (+VE)
Biocon Biologics Receives Positive CHMP Opinions for Biosimilar Denosumab in Europe

Alembic Pharma (+VE)
Co commissions a new manufacturing facility located at Pithampur, Dist: Dhar, Madhya Pradesh effective 26 April

Zydus Lifesciences (-VE)
Closure of USFDA inspection at Zydus’ API Unit at Dabhasa, Gujarat

Aurobindo Pharma (+VE)
CuraTeQ Biologics receives positive opinion for biosimilar Dazublys® from EMA

GRSE: Co informed that Board was apprised that GRSE will enter into a thirty-year lease agreement (non-renewable) with Syama Prasad Mookerjee Port, Kolkata (SMPK) for a land parcel at Timber Pond, Howrah.

Blue Dart Express Limited
Resignation of Sudha Pai as Chief Financial Officer

RailTel:Received work order from The Institute Of Road Transport for work order amounting to Rs 90 cr

RK FORGINGS (-VE)
Board approved the appointment of reputed Independent External Agencies to conduct a joint fact-finding study for the discrepancy in Inventory and reasons thereof

DIXON TECH (FROM PTI) +ve
Will foray into the electronics component manufacturing space and use them for captive requirements before looking at exports

IREDA (Gensol Case) -ve
IREDA has initiated an internal review in accordance with RBI guidelines and the company’s due diligence  protocols

Eicher Motors
ROYAL ENFIELD’S 2025 HUNTER 350 LAUNCHED

Mild Negative for Solar Energy Theme Stocks
Reliance-Commissions first line of solar manufacturing, targets 10 GW capacity

#IT stocks lower, #Mphasis down nearly 3% & #HCLTech down more than 2%

#ShriramFinance shares fall 9% after Q4 results; analysts cut earnings estimates

Realty stocks higher, with #PrestigeEstates up nearly 3% and #BrigadeEnterprises up nearly 2%."

#Pharma stocks higher, with #AjantaPharma up nearly 3% & #Biocon, #Lupin & #TorrentPharma up over 2% each

#SMLIsuzu down 10% following the announcement that M&M will acquire a 59% stake of the company

#RamkrishnaForgings shares fall 8% after discrepancies in certain inventory

#RelianceIndustries up nearly 2% after the company posts healthy #Q4 earnings and becomes the first #Indian company to have a net worth of over ₹10 lakh crore

#TejasNetworks Stock Crash: #TataGroup share falls 10% after Q4 net loss

Auto stocks higher, M&M up over 1.5% & #BalkrishnaInd, #EicherMotors & #TataMotors up more than 1% each

#NRBBearings to invest ₹200 crore in capacity expansion to support #European OEM programmes

WATCH SHIPPING & DEFENCE STOCKS

HIT DAY HIGH

GRSE +8%
DATAPATTNS +7%
COCHINSHIP +6%
BDL +5%
HAL +4%
MAZDOCK  +4%
BEL  +3%

RELIANCE Q4 Result Impact.....Goo Volume Today

Cmp : 1350.....Up 3%

IGL Q4 Result Impact....Cmp : 183.50....Up 4% Today

Good Volume

Devyani International, the parent company behind brands like KFC and Pizza Hut, has acquired Biryani by Kilo’s parent company, Sky Gate.

SHRIRAMFIN down 7% Today....Q4 Result Impact...Cmp : 610

Huge Volume Today