Stocks to Watch Today, 23rd May 2025: ITC Ltd, Sun Pharma, and more
Against the backdrop of downtrend in global market sentiments that has led to aggressive sell-off pressure on India's stock market on Thursday, investors are likely to keep an eye on macro and micro events. There is specific interest in corporate activity and important events in listed entities. There are some specific stocks that are likely to be in the limelight today with a combination of upcoming earnings announcements and latest financial performance or strategic actions.
Key Stocks in Focus
A group of firms are set to announce their financial results for the March quarter, the fourth quarter of the fiscal year 2025 (Q4FY25). SW Steel, Azad Engineering, Devyani International, and Ashok Leyland stocks are expected to be keenly monitored by the market as these firms are likely to report their results.
ITC Ltd. declared a consolidated net profit of ₹ 19,807 crore for the quarter ended March. The hefty figure was considerably augmented by an exceptional gain of ₹ 15,145 crore, which was on account of the demerger of its Hotels Business into ITC Hotels Limited.
Sun Pharma posted a revenue growth, which grew by 8.1%. The revenue of the company went up to ₹ 12,958.8 crore compared to ₹ 11,982.9 crore from last year.
Aditya Birla Group, Grasim Industries, reported a net loss of ₹ 288 crore for FY25's fourth quarter. This is down from the loss of ₹ 441 crore in the same period last year.
Container Corporation of India (Concor) had a minor fall in its net profit. The profit dipped by 1.6% to ₹ 298.5 crore in the quarter January–March of the financial year 2025 compared to ₹ 303.3 crore in the corresponding quarter last fiscal.
HFCL posted a net loss of ₹ 81.4 crore in Q4 FY25. This is in comparison to a profit of ₹ 110 crore during the same quarter last year, a decline that is mainly due to lower demand for optical fibre cables (OFC).
Gujarat State Petronet had a tough quarter with net profit falling considerably by 53.6% year-on-year. January–March period profit was at ₹ 220.3 crore, which is lower than ₹ 475 crore recorded in Q4 FY24.
Ramco Cements, which is based in Tamil Nadu, reported a net profit of ₹ 31 crore for the fourth quarter ended March 31, 2025. This is a 74.5% fall from the previous year's corresponding quarter.
NTPC Green Energy Ltd. made a major announcement, having emerged victorious in an e-reverse auction held by NHPC Ltd.
State-owned company Hindustan Copper will be having its board meeting on May 27 to consider proposals to raise up to ₹ 500 crore. The planned capital infusion is mooted through issuance of non-convertible debentures (NCDs) or bonds through a private placement.
These corporate actions and results highlight the various factors behind individual stock movements in today's market conditions.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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