Stocks to Watch Today, 25th April 2025: Axis Bank, Tech Mahindra, L&T, IEX, and more

With the market looking to bounce back after a session of profit booking, investor attention is squarely focused on the series of March quarter earnings reports due today. The Indian equity market is expected to start trading on a high note this Friday, April 25, supported by positive global market cues. GIFT NIFTY futures indicate that the NIFTY50 index may open around 144 points higher.

Key Stocks in Focus

Axis Bank had a marginal decrease in net profit for the quarter ending March, at ₹7,115.7 crore or ₹7,117.50 crore, down by approximately 0.2% or 0.17% from last year's corresponding period. Nonetheless, the net interest income (NII) of the bank increased by 5.5% to ₹13,810.5 crore or ₹13,810.54 crore or ₹13,811 Crore. Significant improvement was seen in asset quality, with the gross Non-Performing Asset (NPA) ratio declining to 1.28% and net NPA to 0.33%. The stock's response could depend on this steady performance and the decline in bad loans.

Tech Mahindra reported a significant year-on-year growth in its consolidated net profit for the March quarter, which rose by 76% or 76.5% to ₹1,167 crore or ₹1,166.7 crore or ₹1,166.70 Crore. Quarterly revenue grew 4% year-on-year to ₹13,384 crore or ₹13,384 Crore. The EBIT of the company was ₹1,405.3 crore, an improvement of 4.1%, with the margin rising to 10.5%. Tech Mahindra also declared that it had won new deals worth $798 million in the quarter and $2.7 billion for the full fiscal. Another viewpoint cited a 1.5% drop in constant currency revenue.

L&T Technology Services also posted a decline in its Q4 net profit, which dipped by 3.5% or 9% to ₹311.1 crore or ₹311 crore or ₹311.10 Crore. Its revenue from operations, on the other hand, increased by 12.4% year-on-year to ₹2,982.4 crore or ₹2,982.40 Crore. The EBIT of the company fell by 6.6%, with the margins at 13.2%. A final dividend of ₹38 per share for the financial year ending March 2025 was announced. The outcomes were termed as below expectations by one source.

SBI Life Insurance saw a modest 0.3% increase in Q4 net profit to ₹813.5 crore, even as net premium income fell by 5% to ₹23,860.7 crore. Its net commission income, however, increased by 17.2% to ₹997.8 crore.

Adani Energy Solutions clocked a steep 79% rise in Q4 net profit at ₹647 crore, reflecting good revenue growth in earnings that may result in share movement. 

Macrotech Developers recorded its consolidated profit rising 38% to ₹921.7 crore in Q4 on the back of increased income. 

Supreme Industries saw a net profit decline 17% at ₹293.94 crore for Q4 FY25, although revenue from operations rose 0.6% to ₹3,027 crore. 

Indian Energy Exchange (IEX) reported a rise of more than 21% in consolidated net profit to ₹117.11 crore in March quarter.

Gensol Engineering shares can come under selling pressure after the Enforcement Directorate detained its promoters, Anmol and Puneet Singh Jaggi. They were detained under the Foreign Exchange Management Act (FEMA) over charges of financial irregularity and diversion of funds. The company's premises in Delhi, Gurugram, and Ahmedabad were searched.

IndusInd Bank is in the spotlight after denying reports that it had stopped taking new microfinance customers. The bank explained that it had not been given any instruction by the Reserve Bank of India to introduce such a step, a comment that could provide some comfort to the stock. 

Bharat Heavy Electricals Ltd. (BHEL) experienced a fire at its Bhopal plant; however, it was contained immediately with no damage reported, and the news is not expected to have any major impact on the stock. 

Power Grid Corporation's subsidiary, POWERGRID Energy Services, initiated commercial operations of an 85 MW solar plant in Ujjain, Madhya Pradesh, increasing its renewable capacity and perhaps attracting investor attention. 

Gujarat Industries Power Company Ltd. commissioned the initial phase of a 75 MW group captive solar project, as part of its green energy initiative.

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