Stocks to Watch: Infosys, Paytm, Voda Idea, Bajaj Auto, Zee, Ambuja Cements, and Others – News18

Stocks to watch on April 18

Stocks to watch on April 18

Stocks to watch: Shares of firms like Infosys, Paytm, Voda Idea, Bajaj Auto, Zee, Ambuja Cements, and others will be in focus on Wednesday’s trade.

Stocks To Watch On April 18: Equity markets extended decline for the third successive session and lost over half a percent, in continuation to the prevailing corrective move. In today’s trade, shares of Infosys, Bajaj Auto, HDFC Life, Tata Communications, Angel One among others will be in focus due to various news developments and earnings.

Results today: Bajaj Auto, Infosys, HDFC Life, ICICI Securities, Mastek, Network 18, Orient Hotels, RS Software and TV18 Broadcast are few of the prominent companies scheduled to announce March quarter earnings today.

Infosys: The IT major is expected to register lower single-digit growth in revenues for the January-March quarter on the back of weakness in discretionary spends and lower contribution from large deals, analysts said.

Voda Idea (Vi): Ahead of the launch of its Rs 18,000 crore follow-on public offer (FPO), has allotted 4.9 billion shares to anchor investors at Rs 11 apiece – the top end of the FPO price band – raising Rs 5,400 crore on high investor demand.

ICICI Lombard: Q4FY24 net profit rose 18.9 per cent year-on-year (YoY) to Rs 519.50 crore from Rs 436.96 crore in Q4FY23, driven by healthy growth in premium and investment income.

Tata Communications: Q4 consolidated net profit declined marginally to Rs 321.55 crore for the fourth quarter ended on March 2024 as against Rs 326.64 crore in the same period a year ago. Consolidated revenue grew 24.5 per cent YoY to Rs 5,691.70 crore.

Paytm: The fintech firm refuted reports, claiming that the company had not received any communication regarding the deferral of its subsidiary Paytm Payment Services’ (PPSL’s) licence application and any associated penalties due to concerns about Chinese shareholding in the parent company.

Zee Entertainment: The media giant on Wednesday announced a streamlined organisational structure Punit Goenka assuming direct charge of key verticals, including domestic broadcast business. Under the new structure, Zee will have four key business segments — broadcast, digital, movies and music.

Ambuja Cements: The Adani family on Wednesday converted the final tranche of warrants issued for Ambuja Cements, investing another Rs 8,339 crore in the cement company, thereby increasing their holding to 70.3 per cent in the cement firm.

Angel One: Q4FY25 net profit jumped 27 per cent YoY to Rs 340 crore as increased trading activity helped more than make up for its higher spending on client acquisition. Consolidated revenue surged by 65 per cent YoY to Rs 1,357 crore.

IIFL Finance: The board of IIFL Finance approved a rights issue in the ratio of one equity share for every nine equity shares amid the continuation of the ban on its gold loan business at Rs Rs 300 per share.

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