Stocks to Watch Today, 22nd April 2025: HUL, Coal India, NTPC, Vedanta, and more
Tuesday's trading day on the local bourses will begin against the backdrop of contradictory global cues, after a day of strong advances in the previous day. Overseas markets stumbled due to remarks made by former US President Donald Trump who criticized the monetary policy of the US Federal Reserve, questioning the independence of the central bank. This resulted in the declines on Wall Street followed by affecting Asian markets.
Key Stocks in Focus
Hindustan Unilever (HUL) announced the completion of its acquisition of a 90% interest in Uprising Science for an aggregate cash consideration of ₹2,706.44 crore. The strategic acquisition indicates HUL's desire to invest in emerging business areas.
Coal India announced intentions to set up a 1,600 megawatt coal-fired plant in Jharkhand in collaboration with Damodar Valley Corporation. The project, having an outlay of ₹16,500 crore, proposes to meet growing power demand and entails setting up two 800 MW units as an extension of a 500 MW existing plant.
NTPC signed a 300 MW Power Purchase Agreement (PPA) with Evren, Brookfield's platform in India, for firm and dispatchable renewable energy supply. The power plant will use solar, wind, and battery storage technologies to provide efficient power during peak hours.
Tata Power Renewable Energy, a wholly-owned subsidiary of Tata Power, also announced a power purchase agreement with Tata Motors for the joint development of a 131 MW wind-solar hybrid renewable energy project. This project is expected to produce around 300 million units of renewable electricity per annum and lead to a sharp reduction in carbon dioxide emissions.
Prestige Estates Projects is planning to double its residential launches in FY26. The company has launched 26.28 million square feet of projects in FY25, primarily in Bengaluru, Mumbai and Hyderabad, with a combined gross development value of Rs 26,222.8 crore. Prestige launched 14 million sq ft of residential properties in its prime markets in Q4 FY25, with a gross development value (GDV) of Rs 16,133.8 crore, stated Irfan Razack, Chairman and Managing Director of the company.
Vedanta: The promoter group entity Vedanta signed a $530 million facility deal. Vedanta Resources and Welter Trading are the guarantors for this transaction, which is intended to handle the group's financial obligations.
Gandhar Oil Refinery has signed a non-binding memorandum of understanding with the Jawaharlal Nehru Port Authority to study the feasibility of constructing a terminal at Vadhvan Port. The project is estimated to cost ₹1,000 crore and will deal with container, bulk, and liquid cargo, as well as marine services.
Mazagon Dock Shipbuilders declared the appointment of Capt (retd) Jagmohan as its new chairman and managing director, as per an order by the Ministry of Defence. His term is likely to last until his retirement in September 2029.
Tata Investment Corporation has announced a 37.7% year-on-year fall in net profit to ₹37.7 crore in the fourth quarter of the FY 2024-25. The revenue from operations of the company also dropped significantly.
Anant Raj: Realty and infrastructure firm Anant Raj announced a 51.5% year-on-year rise in consolidated net profit at ₹118.6 crore, while revenue also rose by 22.2%.
Mahindra Logistics reported a standalone profit after tax of ₹13.12 crore for the March quarter of FY24, up 67% year on year. But another report put Mahindra Logistics in a net loss of ₹6.75 crore for the period.
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