Indian markets are expected to see stock-specific action on April 16, with several companies making headlines across sectors including pharma, financials, logistics, and infrastructure. Here are the key stocks to watch based on the latest developments:
Aurobindo Pharma: The company’s arm has expanded its contract manufacturing (CMO) agreement with MSD and plans to set up a new unit with an investment of $150–175 million, indicating a strong push in the pharma outsourcing space.
ICICI Lombard: The insurer reported Q4 performance largely in line with estimates, with combined ratio improving to 101.2 from 102.5 on a year-on-year basis, reflecting better underwriting efficiency.
Brigade Enterprises: The real estate developer has entered into a joint development agreement for an 8.63-acre land parcel in Bengaluru with a gross development value (GDV) of ₹7,200 crore, signalling a strong pipeline addition.
HDB Financial Services: The NBFC reported a 22% year-on-year rise in net interest income, while net interest margin improved to 8.2% from 7.6%, indicating healthy operational performance.
Delhivery: Nexus Venture Partners has sold an additional 0.53% equity stake in the company via block deals, with Morgan Stanley and Edelweiss Mutual Fund emerging as buyers.
SAMHI Hotels: The company has signed a lease agreement with Ingka for a 162-room hotel project in Noida, strengthening its hospitality portfolio.
RailTel Corporation: The PSU has secured an order worth ₹100 crore from the Divisional Commissioner, Konkan Division, adding to its order book momentum.
Suraj Estate Developers: The company has acquired a land parcel in Dadar (West), Mumbai, with a potential gross development value of ₹100 crore.
Allcargo Terminals: The company reported March volumes up 2% sequentially and 4% higher year-on-year, reflecting steady operational growth.
Rubicon Research: The firm will acquire an 85% stake in CNS player Arinna Life Sciences for ₹176 crore, marking a strategic expansion.
John Cockerill India: The company has bagged a ₹300 crore contract from JSW Steel, boosting its industrial order pipeline.
Stocks under pressure
Indian Metals: The company has reported delays in its ethanol project at Therubali, impacting commissioning timelines.
GMR Airports: March passenger traffic declined 1.5% year-on-year, while aircraft movements fell 1.3%, indicating softer aviation demand trends.
Tejas Networks: The company has reported a loss for the fifth consecutive quarter, with revenue declining sharply by 70% on a sequential basis.
Baazar Style Retail: The company has received an insurance claim of ₹23 crore for a warehouse fire, lower than the ₹44 crore accounted as receivable.
Neutral cues
Oil & Gas sector: The US Treasury Secretary indicated that the general license on Russian and Iranian oil will not be renewed, which could have broader implications for global energy markets.