Stocks to Watch Today, 29th April 2025: TVS Motors, PNB Housing Finance, Wipro, Gensol Engineering, and more

The home equity market is set for a good start on Tuesday, April 29. GIFT NIFTY futures indicate that the NIFTY50 index could open 42 points higher. This comes after a good rally on Dalal Street on Monday, when the Sensex increased by 1,005.84 points, or 1.27%, to close at 80,218.37, and the Nifty went up by 289.15 points, or 1.20%, to close at 24,328.50. The day's performance was supported yesterday by a rise in the shares of Reliance Industries Limited (RIL) and firm buying support from foreign institutional investors (FIIs).

Key Stocks in Focus

TVS Motor Company posted a sharp rise in net profit for the quarter ended March, up 75.54% year-on-year to ₹852 crore, from ₹485 crore in the corresponding period last year. Revenue from operations increased 17% to ₹9,550 crore.

UltraTech Cement experienced its consolidated profit after tax (PAT) jump 9.91% to ₹2,482.04 crore in Q4 FY25. Operating revenue rose by 12.95% to ₹23,063.32 crore. The board has declared a dividend of ₹77.50 per equity share.

Adani Green Energy recorded a consolidated net profit of ₹383 crore in the March quarter, a 25.54% jump from ₹310 crore in the same period last year. Total income increased to ₹3,278 crore. Another report quoted a 53.3% year-on-year growth in net profit to ₹230 crore, with revenue up 21.6% at ₹3,073 crore.

Adani-Total Gas announced a decline of 10% in its net profit at ₹149 crore during the fourth quarter, explaining it on account of increased cost of gas. Revenue from operations rose 15% to ₹1,448 crore. Other news reports highlighted an 8% decline or an 8.5% rise in net profit on the back of higher volumes.

PNB Housing Finance posted consolidated net profit of ₹550.38 crore in the March quarter, up by 25.3% on year-on-year basis. Net interest income (NII) grew 16.2% at ₹734 crore. Asset quality enhanced with gross and net non-performing assets (NPAs) at 1.08% and 0.69% respectively. Other accounts reported an increase in net profit by 27.8% to ₹567.1 crore and in NII by 20% to ₹735.8 crore, with the board declaring dividend at ₹5 per share.

UCO Bank logged a marginally 24% year-over-year increase in consolidated net profit at ₹665.72 crore during the March quarter. Gross income was at approximately ₹8,136 crore. The lender aims to tap fresh equity issuance in FY26 to bring government holdings down to a 75% level for compliance with SEBI rules. Off-budget, the net profit amounted to ₹652 crore.

Oberoi Realty saw consolidated net profit decrease by 45% at ₹433.17 crore for Q4 FY25 due to decreased income. Net profit was at ₹788.03 crore last year, and overall income declined to ₹1,213.33 crore from ₹1,558.56 crore.

Wipro signed a five-year IT transformation agreement with Germany-based company Vorwerk, encompassing the upgradation of IT infrastructure with AI-based solutions. The deal amount wasn't made public.

Tata Technologies can look forward to seeing TGP Rise Climate potentially offering 1.59 crore shares, equivalent to a 3.9% stake, via block deals. The block deal price range has been seen in the range of ₹670-698.55 per share.

IndusInd Bank is in the limelight with the sudden resignation of Arun Khurana, Whole-time Director (Executive Director) & Deputy CEO, citing "recent unfortunate developments". Mr Khurana managed the bank's Treasury operations.

Gensol Engineering observed the Directorate of Enforcement (ED) carrying out search and seizure action at its premises under the Foreign Exchange Management Act (FEMA). Financial documents, electronic gadgets, and accounts were confiscated. The company mentioned the monetary effect cannot be quantified at present.

Sonata Software has inked a five-year AI-driven digital modernisation contract of USD 73 million (approximately ₹620 crore) with a US-based technology, media, and telecom (TMT) firm.

REC Ltd issued ₹5,000 crore via a bond issue, including ₹3,000 crore via five-year bonds at 6.87% and ₹2,000 crore via 10-year bonds at 6.86%. The issue received good investor demand.

CSB Bank posted a 26% increase in net profit for Q4 FY25 at ₹190 crore. Total income increased to ₹1,362 crore. Gross NPAs rose marginally to 1.57%.

Central Bank of India reported a 28% jump in net profit at ₹1,034 crore for the March quarter, supported by a fall in bad loans. Total income increased to ₹10,433 crore, although net interest income (NII) fell to ₹3,399 crore.

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