Stocks to Watch Today, April 29: Indian corporate earnings and updates today highlighted mixed quarterly performance across key sectors, including banking, automotive, defence, pharma and insurance.
Bandhan Bank, CEAT, Garden Reach Shipbuilders and Eternal reported strong profit growth, while Sanofi India saw a decline in earnings.
| Company | Why in focus |
| Bandhan Bank | Profit jumps 68% in Q4 |
| Garden Reach Shipbuilders & Engineers | Profit rises 24% on strong revenue growth |
| Sanofi India | Profit and revenue decline in Q4 |
| CEAT | Profit surges 145% amid strong revenue growth |
| Canara HSBC Life Insurance Company | Steady profit and premium income growth |
| Eternal | Profit jumps multi-fold to Rs 174 crore |
Bandhan Bank
Profit jumps 68% in Q4
Bandhan Bank reported a 68% rise in profit to Rs 534.1 crore compared with Rs 317.9 crore in the same period last year. Net interest income increased 1.4% to Rs 2,795.6 crore from Rs 2,755.9 crore.
Garden Reach Shipbuilders & Engineers
Profit rises 24% on strong revenue growth
Garden Reach Shipbuilders & Engineers posted a 24.1% increase in profit to Rs 303.2 crore versus Rs 244.2 crore a year earlier. Revenue rose 29% to Rs 2,119.2 crore from Rs 1,642 crore.
Sanofi India
Profit and revenue decline in Q4
Sanofi India reported a 14.1% fall in profit to Rs 102.6 crore compared with Rs 119.5 crore. Revenue declined 11.9% to Rs 472.3 crore from Rs 535.9 crore.
CEAT
Profit surges 145% amid strong revenue growth
CEAT recorded a 145.1% jump in profit to Rs 243.85 crore versus Rs 99.5 crore last year. Revenue rose 23.3% to Rs 4,218.9 crore from Rs 3,420.6 crore.
Canara HSBC Life Insurance Company
Steady profit and premium income growth
Canara HSBC Life Insurance posted an 8.2% increase in profit to Rs 34.7 crore compared with Rs 32.1 crore. Net premium income grew 13.2% to Rs 3,060.7 crore from Rs 2,703.5 crore.
Eternal
Profit jumps multi-fold to Rs 174 crore
Eternal, which owns the Zomato and Blinkit brands, reported a multi-fold rise in consolidated net profit to Rs 174 crore in the fourth quarter compared with Rs 39 crore a year ago.
| Company | Why in focus |
| IFCI Ltd | Launches ESG PRAKRIT platform for ESG solutions |
| Solara Active Pharma Sciences | US FDA inspection completed at Puducherry facility |
| BHEL | Signs tech transfer pact with DRDO unit |
| Maruti Suzuki | Plans Rs 14,000 crore capex for FY27 |
| Punjab & Sind Bank | Plans up to Rs 3,000 crore fundraise via share sale |
| Alok Industries | Appoints new Manager and KMP |
Launches ESG PRAKRIT platform for ESG solutions
IFCI has launched ESG PRAKRIT, a comprehensive ESG technology platform aimed at providing ESG assessment, reporting, and advisory solutions to banks, financial institutions, and corporates.
Solara Active Pharma Sciences
US FDA inspection completed at Puducherry facility
Solara Active Pharma Sciences announced that its Ibuprofen manufacturing facility in Puducherry has successfully completed an unannounced inspection conducted by the US Food and Drug Administration between February 2 and 6.
BHEL
Signs tech transfer pact with DRDO unit
Bharat Heavy Electricals Limited has entered into a licensing agreement with NSTL-DRDO for the transfer of technology for naval vessels.
Plans Rs 14,000 crore capex for FY27
Maruti Suzuki India has earmarked a record capital expenditure of Rs 14,000 crore for FY27 as it plans to expand capacity to meet rising demand, after achieving full utilisation at its existing facilities.
Plans up to Rs 3,000 crore fundraise via share sale
Punjab & Sind Bank is looking to raise up to Rs 3,000 crore through a private placement share sale to comply with minimum public shareholding norms set by SEBI.
Appoints new Manager and KMP
Alok Industries has appointed Rajbir Saini as Manager and Key Managerial Personnel for a period of three years, effective April 28.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
