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Stock Market Today: All You Need To Know Going Into Trade On April 25

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>A mini cake sits on a paper plate beside a card payment machine at the cash desk. [Photographer: Andrey Rudakov/Bloomberg]</p></div>
A mini cake sits on a paper plate beside a card payment machine at the cash desk. [Photographer: Andrey Rudakov/Bloomberg]

Asian equities and U.S. Futures declined on Monday as strong tightening signals from the U.S. Federal Reserve Chair Jerome Powell and European Central Bank undermined risk appetite.

Equities fell in Japan and South Korea, while futures edged lower earlier in Hong Kong. S&P 500 futures dropped while Nasdaq 100 futures also fell after the tech gauge look poised for the worst month since 2008.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell over 1% to 16,979 points as of 6:45 am.

Macron defeated far-right leader Marine Le Pen in the French presidential election on a pro-business platform, bolstering the euro.

Oil fell toward $100 a barrel -- after sliding for the third week in four -- as China lockdowns amplify demand fears. Bitcoin fell to $39,000.

Stock Market Today: All You Need To Know Going Into Trade On April 25

Earnings Post Market Hour

Tata Metaliks Q4 FY22 (Consolidated, YoY)

  • Revenue rose 22.25% to Rs 807.92 crore

  • EBITDA fell 60.23% to Rs 56.91 crore

  • EBITDA margin stood at 7.04% vs 21.65%

  • Net profit fell 30% to Rs 52.46 crore

  • Recommended dividend of Rs 8 per share

Tejas Networks Q4 FY22 (Consolidated, QoQ)

  • Revenue rose 18.6% to Rs 126.5 crore

  • EBIT stood at a negative Rs 110 crore

  • EBIT margin stood at -87% vs -45%

  • Net loss widened to Rs 49.62 crore

MMTC Q2 FY22 (Consolidated, QoQ)

  • Revenue fell 66.6% to Rs 1,390.54 crore

  • EBIT stood at negative Rs 29.01 crore

  • EBIT margin stood at -2.09% vs -0.69%

  • Net loss widened to Rs 185.8 crore

ICICI Bank Q4FY22 (Consolidated, YoY)

  • Net Profit stood at Rs 7,018.71 crore vs Rs 4,402.61 crore

  • Net Interest Income was Rs 12,605 crore vs Rs 10,431 crore

  • Gross NPAs stood at 3.6% vs 4.13% in Q3 FY22

  • Net NPAs stood at 0.76% vs 0.85% in Q3 FY22

Opinion
ICICI Bank Q4 Results: Net Profit Beats Estimates, Asset Quality Improves

Stocks To Watch

  • Reliance Industries: India's most valuable firm by market cap has abandoned a plan to buy Future Group's retail assets amid protracted legal challenges from Amazon.com Inc.

  • HDFC Bank: The lender's board has approved a dividend of Rs 15.5 per share, weeks after it approved a merger with HDFC Ltd.

  • Tata Motors: Hikes passenger vehicle prices to offset rising costs.

  • Future Group: Secured creditors of the group companies rejected a reorganisation scheme for merging their assets with Reliance Retail.

  • Firstsource Solutions: The company will expand its operations in the U.K. to create about 1,000 new jobs over the next 12 months.

  • Varroc Engineering: The firm has termed as “speculative” reports that it plans to sell its lighting business for $650 million.

  • Central Bank of India: The Reserve Bank of India has imposed a penalty of Rs 36 lakh on the lender for non-compliance with 'Customer Protection–Limiting Liability of Customers in Unauthorised Electronic Banking Transactions'.

  • Torrent Power: The Gujarat-based power generator has agreed to buy out Sunshakti Solar at an enterprise valuation of Rs 417 crore.

Earnings Today: Century Textiles, Eveready Industries, Gujarat Mineral Development, Mahindra CIE Automotive, Tatva Chintan Pharma, Tata Investment, Steel Exchange India, Meghmani Finechem, Maharashtra Scooters

Insider Trade

INEOS Styrolution India: Promoter Group INEOS Styrolution APAC Pte sold 24.28 Lakh shares between April 19-20.

Bulk Deals

  • Sakthi Sugars: Asset Reconstruction Company India Ltd. sold 8.50 lakh shares (7.15%) at 20.96 apiece.

  • Triveni Enterprise: Vanraj Dadbhai Kahor bought 3.09 lakh shares (0.54% stake) at Rs 8.87 apiece.

Trading Tweaks

  • Price band revised from 20% to 5%: Navkar Corporation, Suryoday Small Finance Bank

  • Ex-date buyback: GAIL India

  • Moved into short-term ASM framework: BLS International, Lyka Labs, Uttam Sugar Mills

  • Moved out of short-term ASM framework: Magnum Ventures, Tata Teleservices (Maharashtra)

Money Market Update

The Indian Rupee ended at Rs 76.48 against the U.S. Dollar on Friday as compared to Thursday's closing of Rs 76.15.

F&O Cues

  • Nifty April futures ended at 17,166.90, a discount of 5.05 points.

  • Nifty April futures shed 8.14% and 13,883 shares in Open Interest.

  • Nifty Bank April futures ended at 36,039, a discout of 5.75 points.

  • Nifty Bank April futures added 0.02% and 16 shares in Open Interest.

Stock Market Today: All You Need To Know Going Into Trade On April 25