Stocks to Watch Today, 17th April 2025: Wipro, Infosys, HUL, BHEL, and more
After the three-consecutive days of steep gains, Indian stock markets are expected to witness a negative opening on Thursday as opening trends of the Q4 earnings season and also global market movements keep traders on their toes. Showing a negative opening, at 8:00 AM, GIFT Nifty Futures declined by 53 points to 23,380 levels.
Key Stocks in Focus
Wipro has posted a net profit of ₹3,570 crore for the March 2025 quarter, reflecting a strong 26% year-on-year growth from ₹2,835 crore during the same period last year. Gross revenue of the IT major was at ₹22,500 crore ($2,634.2 million), registering a 0.8% quarter-on-quarter and 1.3% year-on-year growth. Still, the firm has released a subdued guidance, forecasting a possible 1.5% to 3.5% drop in constant currency terms for its IT services business revenue during the June 2026 quarter. The forecast, pinned on global uncertainty, has apparently cooled market euphoria, as evident from the reported fall of Wipro's American Depository Receipts (ADRs).
Infosys announced its March quarter (Q4 FY25) results today. Brokerage reports indicate a possible sequential revenue decline of 0.9% in constant currency and 1.2% in dollar terms for the IT services leader. Market players will closely watch the actuals and any dividend declaration announcement from the board of the company.
Hindustan Unilever Limited (HUL) has filed a case against Honasa Consumer in the Bombay High Court on the grounds of brand disparagement. On the other hand, Honasa Consumer had earlier moved the Delhi High Court with the same arguments, prompting a notice to be issued to HUL. This court battle is an example of the fierce competition in the fast-moving consumer goods (FMCG) segment.
UltraTech Cement has confirmed acquiring a 26% stake in AMPIN C&I Power Eight, which is an electric power generation and transmission business that operates on renewable energy sources, for an overall consideration of ₹25 crore. This is a strategic move taken by UltraTech to satisfy its green energy needs and conform to electricity norms of captive use.
Bharat Heavy Electricals Limited (BHEL) has signed a Technology Transfer Agreement with the Bhabha Atomic Research Centre (BARC) for electrolyser systems employed for hydrogen production. The agreement makes available to BHEL the access to the Mixed-Matrix Membrane Diaphragm Technology to facilitate the local development of alkaline electrolyser systems and cater to India's green hydrogen manufacturing ambitions.
Indian Railway Finance Corporation (IRFC): The Madras High Court has ruled in favor of the Indian Railway Finance Corporation and cancelled the Assistant Commissioner of Service Tax’s December 4, 2024 order, which had demanded a tax payment of ₹230.55 crore.
Hero MotoCorp has announced a temporary production shutdown at four of its manufacturing plants—Dharuhera, Gurugram, Haridwar, and Neemrana—from April 17 to 19, 2025, to align short-term supply. Operations are expected to resume on April 21, 2025. The company will utilise this period for maintenance and facility enhancements.
Paytm will be under the limelight after the 2.1 crore shares held by its Managing Director and Chief Executive Officer Vijay Shekhar Sharma voluntarily surrendered. The shares, given as part of an employee stock ownership plan (ESOP) during listing, will now come back to the ESOP pool. This is likely to trigger a one-time non-cash expense of ₹492 crore in the fourth quarter.
DLF has signed an agreement to sell its IT-ITeS SEZ project in Kolkata to Srijan Group for ₹693 crore. The sale is being done as a slump sale, and the sale includes 25.9 acres of freehold land and DLF Tech Park building with a gross leasable area of 1,054,357 square feet. The divestment is expected to support DLF's cash flows.
Zaggle Prepaid Ocean Services has obtained TPAP approval from NPCI, which will allow it to provide UPI-based payment solutions.
Lupin lost a legal battle in the US over its US generic version of Myrbetriq.
Dalmia Cement: Land owned by Dalmia Cement valued at ₹793.34 crore has provisionally been attached by the Enforcement Directorate.
Other firms that are due to release their quarterly results today include HDFC Life Insurance Company, Jio Financial Services, HDFC Asset Management Company, and Tata Elxsi. Their financial performance will be keenly watched by investors.
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