Market Movers: IRCTC, LIC, Waaree Energies, NMDC, ITC in Spotlight Today
Stocks to Watch Today: IRCTC, LIC, Waaree Energies, NMDC, ITC and More
Here’s a look at some of the stocks that are likely to be in the spotlight today, as companies report their latest quarterly earnings and news makes headlines.
Earnings Reports Dominate
Several companies are set to release their Q4 financial results today, making their shares particularly interesting to watch:
- IRCTC: The Indian Railway Catering and Tourism Corporation (IRCTC) is expected to release its Q4 earnings today. Investors will be looking at the company’s performance in the crucial tourism and travel sector.
- SAIL: Steel Authority of India (SAIL), a major player in the Indian steel industry, will also be reporting its Q4 earnings.
- Cummins India: Cummins India, a leading manufacturer of diesel and natural gas engines, will also be releasing its Q4 results today.
LIC Sees Profit Surge
Life Insurance Corporation (LIC) reported a significant increase in its net profit for the fourth quarter of FY25. The company’s consolidated net profit jumped 38% year-on-year to ₹19,039 crore, compared to ₹13,782 crore in the same period last year.
Waaree Energies Deal Called Off
Waaree Energies announced that its agreement to acquire a 55% stake in Ewaa Renewable Techno Solutions Pvt Ltd for ₹5.5 crore has been terminated.
NMDC Posts Strong Results
State-run mining major NMDC Ltd delivered a solid performance in Q4 FY25, with revenue climbing 8% and net profit up 4.8% year-on-year. However, EBITDA margins were impacted by higher operational expenses.
ITC to Sell Stake
ITC Ltd is planning to sell up to a 2.3% stake in the company, valued at ₹11,613 crore. The base price for the sale is set at ₹400 per share, representing an 8% discount to the current market price.
More Earnings and Developments
The following companies also released their earnings or made other noteworthy announcements:
- P&G Hygiene: The company reported a net profit of ₹156.1 crore for the March quarter and has proposed a dividend of ₹65 per share.
- Bharat Dynamics: Net profit declined 5% to ₹273 crore in Q4.
- Tata Steel: The Tata Group’s steel subsidiary has filed a new petition in the Delhi High Court seeking compensation for the cancellation of a coal block.
- PG Electroplast: The Government of Singapore acquired shares worth ₹288 crore in the company.
- Olectra Greentech: The company denied reports that its ₹10,000 crore electric bus contract in Maharashtra had been canceled.
