Stocks to Watch: Bajaj Auto, Suzlon Energy, IRCTC, IndusInd Bank, SAIL
Market Watch: Key Stocks in Focus on Wednesday
Indian markets traded subdued within a narrow range with a negative bias on Wednesday, continuing the ongoing consolidation phase. Several stocks, including Bajaj Auto, SAIL, and IRCTC, will be in focus due to various news developments and fourth quarter results.
Q4 Results: Bajaj Auto, Suzlon Energy, and SAIL
Shares of Bajaj Auto, Samvardhana Motherson, and Suzlon will be in focus as the companies will announce their fourth quarter results today. SAIL reported an 11% rise in net profit to Rs 1,251 crore and a 4.9% increase in revenue to Rs 29,316 crore in Q4, compared to Rs 1,126 crore and Rs 27,958 crore respectively a year ago.
IRCTC Reports 26% YoY Growth in Q4 Net Profit
IRCTC reported a 26% year-on-year growth in its Q4FY25 consolidated net profit at Rs 358 crore versus Rs 284 crore in the year ago period.
Regulatory Updates: IndusInd Bank and Sebi
Capital markets regulator Sebi has passed an ex-parte interim order against five senior executives, including the former CEO of IndusInd Bank, in an insider trading case.
Other Corporate Updates
- Rail India Technical and Economic Service (RITES) entered into an MoU with Shree Cement for development of rail infra and allied services.
- Avanti Feeds reported a 40% jump in net profit to Rs 157 crore and a 7.9% rise in revenue to Rs 1,385 crore in Q4.
- Deepak Nitrite reported a 20% decline in net profit to Rs 202 crore while revenue rose 2% to Rs 2,180 crore in Q4.
Investors will closely monitor the Q4 results and corporate updates to gauge the performance of these companies and their potential impact on the market.
