Stocks to Watch Today, 4th April 2025: HDFC Bank, DMart, SBI, JSPL, and more

Indian equity markets are expected to open in red given the weak global cues after US President Donald Trump decided to impose 'reciprocal tariffs'. A larger sell-off on Wall Street overnight, its worst in five years, also weighed sentiment.

Key Stocks in Focus

HDFC Bank: In its Q4 business update, the private sector lender said it deposits reached ₹27.15 trillion, a rise of 14.1 per cent Y-o-Y and 5.9 percent sequentially. Average deposits were ₹25,279 billion, registering a year-on-year and sequential growth of 15.8 per cent and 3.1 per cent, respectively.

Avenue Supermarts (DMart): For the quarter ended March 31, the standalone revenue from operations was ₹14,462.39 crore, up from ₹12,393.46 crore in the corresponding quarter of previous fiscal, the retail chain said in a Q4 update.

State Bank of India (SBI): SBI withdrew its special fixed deposit scheme, Amrit Kalash, on April 1, which had offered 7.1% interest rate for 400 days. The plan was first implemented in April 2023.

UltraTech Cement: The board approved the acquisition of Wonder WallCare, which is a subsidiary of Wonder Cement, for a total enterprise value of ₹235 crore.

Power Finance Corporation (PFC): The public sector lender approved loans worth ₹3,517 crore to Chhattisgarh East Railway Limited (CERL) for the East Rail Corridor Project in Chhattisgarh.

Surya Roshni: The firm received an order of ₹116.15 crore from GAIL India Limited for coated pipes to be supplied in Madhya Pradesh and Uttar Pradesh.

G R Infraprojects: An Arbitral Tribunal has issued an award in favour of the company and held that the company is entitled to receive ₹106.45 crore along with future interest from the Bihar Government.

Nestle India: The FMCG giant has announced the foundation stone for its tenth manufacturing unit in India at Khordha in Odisha, with an initial investment of ₹900 crore in the first phase.

Mazagon Dock: The government will sell up to a 4.83 per cent stake in the defence public sector unit (PSU) by way of an OFS between April 4 and April 7, at a floor price of ₹2,525 per share.

Bajaj Finance: Number of new loans booked increased by 36 per cent at 10.70 million and AUM grew 26 per cent on-year to ₹4.17 lakh crore. As of March 31, 2025, its customer franchise was 101.82 million, up from 83.64 million a year ago.

Jindal Steel and Power Ltd (JSPL): The company, via its subsidiary Jindal Steel Odisha Limited (JSO), has acquired over 99.62 per cent of equity shares of Allied Strips Limited (ASL) for more than ₹217 crore to diversify its product portfolio and create synergies.

L&T Finance: The company said its retailisation stood at 97 percent during Q3, and retail disbursements increased 1 per cent YoY to ₹15,044 crore. As of end-Q4 FY25, the retailisation of the portfolio was estimated to be nearly 97 per cent and retail disbursements were estimated at nearly ₹60,020 crore for FY25 (estimated annual growth of nearly 11 per cent).

Jio Financial Services: Jio Financial Services and its 50:50 joint venture, Jio BlackRock Investment Advisers — which is a joint venture between Jio Financial Services and BlackRock — each invested ₹66.5 crore in the company to fund office operations.

Paras Defence and Space Technologies: The defence engineering company entered into a strategic memorandum of understanding (MoU) with Tel Aviv-headquartered MicroCon Vision, under which the former will become the sole supplier of a cutting-edge drone camera technology in India at a significantly reduced cost.

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

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