April 8, 2025: Indian equities are expected to see stock-specific action today, with several companies making headlines due to new orders, business developments, fund flows, appointments, and operational updates.
Bharat Electronics is in focus after the company bagged a significant order worth ₹2,210 crore from the Ministry of Defence. The order pertains to the supply of an advanced Electronic Warfare suite for the Indian Air Force, and is seen as a major boost to the company’s defence segment.
Refex Renewables has also caught investor attention as its unit, Refex Green Power, won a tender for setting up a 250 TPD Bio-CNG plant. The estimated project cost for the plant is pegged at ₹78.54 crore.
Cyient witnessed strong institutional interest after HDFC Mutual Fund acquired 6.2 lakh shares of the company at ₹1,099 per share via bulk deals on Monday.
Realty stocks are also in action today. Brigade Enterprises announced it has signed an agreement for a premium residential project in Mysuru, with a gross development value of ₹225 crore. Meanwhile, Sobha Limited reported robust performance in Q4FY25 with sales value rising to ₹1,836 crore, up 32.2% quarter-on-quarter.
Titagarh Rail Systems announced that its Board has re-appointed Umesh Chowdhary as Vice Chairman, Managing Director, and CEO of the company for a five-year term.
In the hospitality space, Lemon Tree Hotels said it has signed a license agreement for a new hotel under the Keys Prima brand in Darjeeling, West Bengal.
Jewellery and retail major Titan Company reported strong Q4FY25 performance with 25% year-on-year growth in the March quarter, and 21% for the full fiscal year.
Bajaj Healthcare said it is expanding its manufacturing capabilities with the acquisition of Genrx Pharmaceuticals.
Thangamayil Jewellery announced it will open two new branches in Chennai, at Virugambakkam and Iyyappanthangal, on April 11, 2025.
Healthcare firm Global Health has received an offer from Assam Electricity Grid Corporation, a government entity, to acquire three acres of land in Guwahati for setting up a super specialty hospital.
Automobile major Mahindra & Mahindra (M&M) reported a rise in production for March 2025 at 88,701 units, up from 71,814 units a year earlier. The company also said it has incorporated a wholly owned subsidiary, Mahindra Advanced Technologies Limited, with a capital infusion of ₹5 crore.
Among banks, HDFC Bank reduced its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenures, a move that could affect lending rates.
Other notable corporate announcements include:
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NMDC issued a clarification denying reports of governance concerns around its Australian subsidiary, calling the allegations “absolutely false and baseless.”
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Pitti Engineering announced the resignation of its COO – Machined Components Business, Varun Agarwal, effective April 7.
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Rajshree Sugars shared its March operational update, stating its Unit I crushed 79,914 MT of cane in the month and 2.76 lakh MTs up to March.
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Nesco Ltd named Balakrishnan Balram as Vice President (Events & Exhibitions), effective April 7.
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Newjaisa Technologies appointed Gurprit Kaur as Company Secretary and Compliance Officer.
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Arvind SmartSpaces named Rahul Jhawar as Head – Human Resources.
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Hemadri Cements announced the resignation of Company Secretary and Compliance Officer Krish Narayanan.
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Pioneer Embroideries said it has sold land and building of its Naroli embroidery unit for ₹7.02 crore.
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P N Gadgil Jewellers was recognised with the ‘Preferred Retailers of India 2025’ award at GJC Nite.
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LIC elevated Sanjay Kumar Srivastava as Executive Director – Investment (Back Office).
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Bajel Projects announced the appointment of Nitesh Bhandari as CFO and Joint President, effective May 1.
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Hazoor Multi Projects said CFO Francisca Rosario has resigned.
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Rushabh Precision revised the record date for capital reduction to April 17 under the approved Resolution Plan.
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Maruti Suzuki is expected to be in focus as it undertakes a price hike of up to ₹62,500 across models starting today.
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Oil marketing PSUs may react to the Oil Minister’s statement that the recent hike in excise duty will not be passed on to consumers.
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KPI Green announced the termination of a 66.2 MW hybrid power project order from Sai Bandhan Infinium under the captive power producer category.
On the negative side, IL&FS Engineering reported defaults totaling ₹2,628.15 crore on loans as of March 31, while Genesys International saw selling pressure after Florida Retirement System offloaded 2.25 lakh shares at ₹547.13 apiece.
Disclaimer: The above views are of the broker’s and not the author or the publication’s. Please make any and every investment decision after consulting your financial advisor.
