Stocks to Watch Today, 11th April 2025: TCS, Biocon, Eternal, Tata Steel, and more

The market is set to open on a potentially cheerful note on Friday, after a Mahavir Jayanti holiday, in spite of the overall weak global market signals. The optimism is partly due to a reported US tariff pause till July 9 that has apparently lifted investor confidence in India. 

Key Stocks in Focus

Tata Consultancy Services (TCS), the Indian IT sector's bellwether, posted a 1.7% year-over-year fall in net profit during the March quarter (Q4FY25) at ₹12,224 crore. The company attributed the drop to heightened market uncertainty, lag in client decision-making cycles, and the reduction of existing projects. Although the TCS management is hopeful for a better fiscal year 2026, it has recognized the possibility of near-term headwinds. This development is significant for the technology industry and will likely be under close scrutiny from investors.

Anand Rathi Wealth showed strong financial performance, announcing a 30% quarter-on-quarter increase in its Q4FY25 net profit at ₹74 crore. The total revenue of the company also increased by a healthy 22% to ₹241.4 crore. Additionally, the board has declared a final dividend of ₹7 per equity share for the year, which may have a positive impact on investor sentiment towards the stock.

Biocon Biologics, part of Biocon group, got the final US Food and Drug Administration (FDA) approval for Jobevne™ (bevacizumab-nwgd), a biosimilar administered to treat various forms of cancers. The company will be reinforced in its biosimilar oncology pipeline in the very important US market with this approval.

Eternal Limited, which was previously Zomato, announced that its Netherlands step-down subsidiary, Zomato Netherlands BV, initiated the liquidation process on April 9, 2025. The reasons behind this action were not clearly evident from the information given, but it indicates a restructuring of the company's overseas operations.

Hindustan Copper announced successful resumption of ore production at its Kolihan copper mine in Rajasthan. 

SRF Limited announced commissioning and capitalisation of its new agrochemical intermediates facility at Dahej, Gujarat, for an aggregate investment of ₹239 crore. 

BLS International Services' subsidiary, BLS International FZE, will acquire a 99.90% stake in BLS Ventures S.R.L., Dominican Republic-based, to become a wholly-owned step-down subsidiary.

Tata Steel's Dutch subsidiary is launching consultations for a business restructuring plan that may lead to 1,600 job losses. This development points to the continued woes of the global steel sector. 

In the IT consulting sector, the US Department of Defense has allegedly decided to terminate IT service contracts worth USD 5.1 billion with Accenture and Deloitte as "non-essential spending.".

Bharat Heavy Electricals Ltd (BHEL) executing a Memorandum of Understanding (MoU) with Nuovo Pignone International to assess opportunities in retrofitting compressors for the Indian fertiliser sector. 

Sun Pharma got a favorable judgment from the U.S. Court of Appeals for the Federal Circuit, rescinding an earlier injunction that postponed the launch of its product, Leqselvi.

GAIL reported major developments in its Pradhan Mantri Urja Ganga pipeline project. 

Bharti Hexacom has suspended the sale of its infrastructure business to Indus Towers to reconsider the plan.

Bajaj Healthcare appointed its new Chief Financial Officer in the person of Rohan Parekh, 

Federal Bank appointed Virat Sunil Diwanji National Head – Consumer Banking.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here.