Stocks to watch today, April 16: Markets are expected to remain stock-specific today with earnings and corporate actions driving momentum. Strong Q4 results from ICICI Lombard and HDB Financial, along with institutional buying in Delhivery and regulatory approval for Shriram Finance, point to selective upside in financials and NBFCs. However, weak earnings from Tejas Networks may weigh on sentiment. Infosys and Wipro remain in focus on corporate updates, while broader IT and infra stocks may see mixed reactions.
Profit Rises 7.3 per cent in Q4
ICICI Lombard reported a 7.3 per cent YoY increase in net profit to Rs 547 crore for Q4 FY26. Total income grew to Rs 6,619 crore from Rs 5,851 crore in the same period last year.
Profit Jumps 41 per cent
HDB Financial Services posted a strong 41.4 per cent YoY rise in profit to Rs 750.6 crore. Net interest income increased 21.6 per cent to Rs 2,398.8 crore.
Loss Widens, Revenue Slumps
Tejas Networks reported a consolidated loss of Rs 211.3 crore, widening from Rs 71.8 crore YoY. Revenue plunged 82.6 per cent to Rs 332.7 crore. CFO Sumit Dhingra has resigned, effective May 15.
Block Deal Activity
Investors, including Goldman Sachs and Morgan Stanley, bought 40 lakh shares worth Rs 186 crore from Nexus Venture Partners via open market transactions.
Life Insurance Corporation of India (LIC)
IFRS Transition Under Review
LIC is evaluating regulatory forbearance options before transitioning to IFRS accounting standards.
Enters Agritech with AI Platform
Avi Polymers announced its entry into agritech with a new AI-powered platform offering agricultural insights.
Acquires Stake in Arinna Lifesciences
Rubicon Research acquired a majority stake in Arinna Lifesciences for Rs 175.92 crore, marking its entry into the CNS formulations market.
Traffic Growth Remains Muted
Passenger traffic rose 0.9 per cent to 3.18 crore. Domestic traffic grew 1.6 per cent, while international traffic declined 1.3 per cent. Aircraft movements increased 1.9 per cent.
Infosys
Signs Carlos Alcaraz as Brand Ambassador
Infosys has appointed seven-time Grand Slam champion Carlos Alcaraz as its global brand ambassador.
SEZ Notified for Semiconductor Unit
The government has approved a new SEZ for Tata Semiconductor Manufacturing in Dholera, Gujarat, focused on electronics and IT/ITeS.
Gets RBI Nod for PD Business
Shriram Finance’s subsidiary has received in-principle RBI approval to commence Primary Dealer operations.
To Acquire Alpha Net Contracts
Wipro will acquire select customer contracts from Alpha Net Consulting for up to USD 70.8 million.
(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.)
