Stocks to Watch Today, 9th May 2025: Defence Stocks, IndusInd Bank, Bajaj Finance, CEAT, and more
Indian equities are set to begin cautiously today, with GIFT Nifty predicting a likely drop of about 1.2%. This is in line with rising geopolitical tensions following reported drone and missile attacks by Pakistan along the western front, with heavy casualties in the last two days
Stocks in Focus
Defence Sector: Increased border tensions have put defence stocks in focus. Hindustan Aeronautics Ltd (HAL), Bharat Forge, and Bharat Dynamics Ltd (BDL) are likely to attract more investor attention.
IndusInd Bank (NSE: INDUSINDBK): The lender is in the news after CEO Sumant Kathpalia resigned amidst revelations of a ₹19.6 billion accounting gap in its derivatives book. A forensic audit revealed that top executives traded shares before these gaps were made public, which raised questions about corporate governance.
Bajaj Finance (NSE: BAJFINANCE): The firm saw a 16% year-on-year growth in standalone net profit to ₹3,940 crore for Q4 FY25. Net interest income grew by 22% to ₹9,807 crore. The board has sanctioned a final dividend of ₹44 per share, a 4:1 bonus issue, and a 1:1 stock split.
CEAT (NSE: CEATLTD): The auto tyre maker posted a 14.3% year-on-year growth in revenue at ₹3,420.6 crore in Q4 FY25. Net profit, however, fell 8.4% to ₹99.5 crore on account of margin squeeze.
Larsen & Toubro (L&T):The infrastructure conglomerate posted a 10% year-on-year rise in consolidated net profit to ₹4,396 crore. Revenue also rose by 15% to ₹67,079 crore for the quarter.
Tata Power:The company recorded a 15% year-on-year rise in consolidated net profit at ₹895 crore, while revenue from operations rose by 27% to ₹15,846 crore.
TVS Motor Company:The two-wheeler company posted an 18% rise in net profit at ₹485 crore and a 24% increase in revenue from operations at ₹8,169 crore
Bank of Baroda (BoB): The Reserve Bank of India has removed restrictions imposed on BoB to onboard customers on its 'bob World' mobile banking platform .
Piramal Enterprises:The firm moved back into profit in Q4, posting a net profit of ₹137.1 crore, as against a loss of ₹195.9 crore during the same quarter a year ago. Revenue grew by 16% to ₹2,473.3 crore.
BSE Ltd:The Bombay Stock Exchange announced an 18% increase in net profit to ₹107 crore for March 31, 2024. Consolidated revenue grew 115% year-on-year to ₹488.37 crore
SKF India: The firm recorded a 42.6% rise in net profit to ₹175.2 crore, as revenue increased by 9.9% to ₹1,203.4 crore. EBITDA margins rose to 17.7% from 15.3% year-on-year.
Tata Technologies (NSE: TATATECH): PE major TPG sold a 3.9% holding in the firm for ₹1,068 crore through an open market deal, which caused the stock price to drop by 6%.
Business & Finance News
Shoppers Stop (NSE: SHOPPERS STOP): The retailer's consolidated net profit fell 91.4% year-on-year to ₹2 crore for Q4 FY25, though revenue rose 1.7% to ₹1,064 crore.
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Jana Small Finance Bank (NSE: JANASBANK): The bank's net profit fell 62% year-on-year to ₹123.5 crore for Q4 FY25, even as net interest income rose marginally.
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