Stocks to Watch Today, 23rd April 2025: HCL Tech, Bharti Airtel, Waaree Energies, Varun Beverages, and more

The Indian share markets are likely to start trading in the positive direction today, after a six-day run of gains for the Sensex and Nifty. The Nifty had set a new calendar year high on Monday at 24,242. As the market waits for further cues, some of the key stocks are likely to stay in the limelight fueled by recent earnings releases, business updates, and market action.

Key Stocks in Focus

HCL Technologies is in the focus after fourth-quarter results. The consolidated net profit of the company came at ₹4,307 crore for the March quarter. Source points out that the amount is down 6.2% from the last quarter's profit of ₹4,591 crore. In contrast, sources point out that Q4 FY25 profit of ₹4,307 crore marks an 8.1% growth over ₹3,986 crore during the corresponding quarter the previous year. On the top line, HCLTech posted ₹30,246 crore. Source reports this is a 1.2% increase from ₹29,890 crore in the previous quarter, while source reports a 6.1% year-on-year increase from ₹28,499 crore. The board of the company has also declared an interim dividend of ₹18 per share. Source states this is for FY 2024–25, whereas source quotes this as for FY 2025-26, with a record date of April 28 and payment date of May 6.

Bharti Airtel and its subsidiary company Bharti Hexacom are major in light of last-minute deals executed with Adani Data Networks, an arm of Adani Enterprises. In these deals, Airtel will acquire the right to use 400 MHz of bandwidth in the 26 GHz band. The spectrum coverage of these bandwidths is key markets such as Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu.

Waaree Energies reported a robust fourth-quarter. The bottom line of the company increased by 34.1% year-on-year to ₹618.9 crore from ₹461.5 crore. Revenue went up by 36.4% to ₹4,003.9 crore from ₹2,935.8 crore in the previous year's same quarter. Source mentions the consolidated net profit increased to ₹618.91 crore and the company has an order book worth ₹47,000 crore.

Varun Beverages has started commercial operations at its greenfield plant in Prayagraj, Uttar Pradesh. The plant will manufacture carbonated soft drinks, juice-based drinks, and packaged drinking water, aiding the company's growth strategy. 

RBL Bank witnessed British International Investment Plc completely divesting its 3.82% holding by selling shares at an average of ₹184.74, raising ₹428.57 crore. Unity Associates disposed of 88.1 lakh shares at an average price of ₹187.39. 

Power Finance Corporation, the state-run lender, is seeking recovery of ₹307 crore of dues from Gensol Engineering. 

Bharat Forge has obtained the nod of the Competition Commission of India (CCI) for its planned acquisition of 100% of AAM India Manufacturing Corporation, subject to voluntary modifications.

Havells India announced a 16% jump in its profit at ₹518 crore from ₹446 crore during the same quarter in the previous year. Source further states that the board also declared a final dividend of 600%. 

Cyient DLM declared a 36.50% year-over-year growth in consolidated profit in Q4 FY25 at ₹31 crore with an 18.30% revenue growth at ₹428 crore. 

AU Small Finance Bank saw a 4.7% QoQ dip in net profit to ₹503.70 crore, while Net Interest Income increased 3.5% QoQ to ₹2,093.90 crore. 

Tata Communications saw a big 223.60% rise in Q4 net profit to ₹1,040.50 crore, with revenue increasing 6.1% YoY to ₹5,990.40 crore.

Ashoka Buildcon has won ₹568.86 crore contract from Central Railway for a gauge conversion work. 

Ambuja Cements has finalized the takeover of 37.8% promoter holding in Orient Cement Ltd and become a promoter. Its aggregate holding in Orient Cement is 46.66%.

A few firms are due to announce their quarterly results today, which is Wednesday. They are LTIMindtree, Bajaj Housing Finance, Tata Consumer Products, and Astec Lifesciences. Market response will depend on both the results and any future guidance given.

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

To read the RA disclaimer, please click here.