Stocks to watch: AU Small Finance Bank, Persistent Systems, Nestle India, Bajaj Auto, HDFC AMC

Stocks to watch today: As many as 28 companies are scheduled to release their March quarter earnings later in the day.

Stock market today April 25, 2023

Investors are likely to see a tinge of green at the start of the trade on April 25, 2023, although muted global cues and anxiety ahead of key earnings slated for the day are likely to weigh on sentiment. At 08:26 am, the Nifty futures on the Singapore Exchange (SGX) were trading 0.08 per cent higher at 17,773 levels.

Here's a look at the top stocks that may remain in focus in today's session -

Earnings today: As many as 28 companies are scheduled to release their March quarter earnings later in the day. Some of the prominent names include Bajaj Auto, Nestle India, Tata Consumer Products, Rallis India, AU Small Finance Bank, and HDFC AMC, among others.

TRENDING NOW

Persistent Systems: The IT company has released its March quarter and FY23 results. The company, in its earnings release, said that it crossed $1 billion in annual revenue. Its revenue was up by 26.3 per cent Y-o-Y for Q4 and 35.3 per cent for FY23. The Board has recommended a final dividend of Rs 12 and a Special Dividend of Rs 10.

Ipca Lab, Unichem Labs: Ipca Labs has entered into an agreement to acquire 33.38 per cent of the paid-up equity share capital of Unichem Laboratories Ltd.

Biocon: Biocon Biologics Limited (BBL) and Serum Institute of Life Sciences (SILS) have reached an agreement to withdraw from the original equity structure contemplated under their Strategic Alliance announced in September 2021.

Mahindra Logistics: The company's FY23 revenue rose 24 per cent YoY to Rs 5,128 crore; EBITDA gained 39 per cent YoY. For the March quarter, revenue increased to Rs 1,273 crore against Rs 1,089 crore in the year-ago period. However, it reported a loss of Rs 1 crore against a profit of Rs 6 crore in the March FY22 quarter.

Century Textiles: The company reported a total income of Rs 1218.08 crore during the period ended March 31, 2023, as compared to Rs 1172.97 crores during the period ended December 31, 2022. The company has posted a net profit of Rs 145.27 crore for the period ended March 31, 2023, as against a net profit of Rs 8.72 crore for the period ended December 31, 2022.

Nelco: The Board declared a dividend of Rs 2 along with the release of March quarter numbers.

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