Stocks to watch: UltraTech, ICICI Bank, PNB, Uno Minda, Bosch, Indigo, REC, KEC International

UltraTech Cement and India Cements

UltraTech Cement’s Board approved buying a 32.72% stake in India Cements for ₹3,954 crore at ₹390 per share. This triggers a mandatory open offer at the same price, pending regulatory approval. This price is 4.1% higher than India Cements’ last closing price of ₹374.60. The acquisition will help UltraTech better serve southern markets and push towards a 200+ MTPA capacity.

ICICI Bank

ICICI Bank’s Q1FY25 profit rose 14.6% to ₹11,059 crore, driven by strong loan growth and treasury operations. Net interest income grew 7.4% to ₹19,553 crore, though margins dropped slightly. Non-interest income increased 23%, with significant treasury gains. Loans grew by 15.9%, and asset quality improved with lower NPA ratios. Deposits also increased by 15% year-over-year.

IndusInd Bank

IndusInd Bank’s Q1FY25 profit rose 2.2% to ₹2,171 crore, despite slower loan growth and a slight dip in lending margins. Net interest income increased 11.1%, and loans and deposits both grew by 15%. However, asset quality worsened, with higher NPA ratios and increased provisions.

IndiGo (InterGlobe Aviation)

IndiGo reported a 12% fall in Q1FY25 profit to ₹2,729 crore due to higher costs. Revenue rose 18% to ₹20,249 crore, but expenses grew 24%, largely due to increased fuel costs. IndiGo added 15 new aircraft, aiming for steady growth in fleet size and destinations served.

Cipla

Cipla’s Q1FY25 profit increased 17% to ₹1,177.64 crore, driven by a favorable product mix and operational efficiencies. Revenue rose 7%, with strong growth in the US and South African markets. Cipla is exploring acquisitions and addressing regulatory issues at its domestic plants.

SBI Cards and Payment Services

SBI Card reported flat Q1FY25 profit at ₹594 crore due to rising delinquencies. Total income increased, but gross NPAs also rose. The capital adequacy ratio declined slightly.

Punjab National Bank (PNB)

PNB’s Q1FY25 profit surged 159% to ₹3,251.5 crore, its highest-ever quarterly profit, due to a decline in bad loans and improved interest income. Net interest income grew by 10.2%.

Adani Enterprises

Adani Enterprises will start the first phase of its $4 billion PVC project by December 2026, marking its entry into the petrochemicals sector. This project will help meet India’s growing PVC demand.

Dr. Reddy’s Laboratories

Dr. Reddy’s reported a slight drop in Q1FY25 profit to ₹1,392 crore, despite a 14% rise in revenue. The company announced a stock split and plans to invest in its Swiss unit.

Bosch and Uno Minda

Both companies are set to receive domestic value-addition certificates under a government scheme, boosting local manufacturing of automotive components.

Shriram Finance

Shriram Finance reported a 19% rise in Q1FY25 profit to ₹2,031 crore. Gross NPAs and net NPAs both declined, and the company received approval to establish an asset reconstruction company.

IDFC First Bank

IDFC First Bank’s Q1FY25 profit fell 11% to ₹680.7 crore due to increased provisions. However, net interest income rose significantly, and the bank saw a growth in deposits.

NTPC

NTPC’s Q1FY25 profit rose 12% to ₹5,506.07 crore, with increased power generation and revenue.

Adani Energy Solutions

Adani Energy Solutions is set to raise ₹50 billion through a share sale, marking its first public equity market foray since a major report last year.

REC

REC reported a 16.57% rise in Q1FY25 profit to ₹3,460.19 crore, with total income and expenses also increasing.

Godrej Properties

Godrej Properties raised ₹1,275.40 crore through debentures and plans to launch projects worth ₹30,000 crore this fiscal year.

KEC International

KEC International reported a significant rise in Q1FY25 profit and plans to raise up to ₹6,000 crore through various methods.

Biocon

The US FDA conducted inspections at Biocon Biologics’ facilities, issuing a Form-483 with 10 observations.

Bharat Heavy Electricals (BHEL)

BHEL received a contract worth ₹10,000 crore for a thermal power station in Jharkhand.

Maruti Suzuki India

Maruti Suzuki received a tax demand of ₹779.2 crore and plans to appeal the order.

Sun Pharma Advanced Research Company

SPARC re-designated key executives and added new senior management personnel.

Glenmark Life Sciences

Glenmark’s Ankleshwar facility received a closure notice from the Gujarat Pollution Control Board due to contamination.

Hindustan Zinc

Hindustan Zinc received a tax demand of ₹1,884.3 crore and plans to file for rectification.

Godawari Power and Ispat

The company received approval for an expansion project to be completed by Q1FY26.

Manappuram Finance

Manappuram Finance is investigating a potential fraud involving ₹20 crore by an employee.

Jubilant Pharmova

Jubilant Pharmova received a tax demand of ₹38.13 crore and plans to appeal.

Strides Pharma Science

Strides Pharma Science incorporated a new company in New Zealand for market authorizations and trading.

Laxmi Organic Industries

Laxmi Organic received a tax demand of ₹26.27 crore and plans to appeal.

Colgate Palmolive India

Colgate received a tax demand notice of ₹248.74 crore and plans to appeal.

Cigniti Technologies

ICICI Prudential Mutual Fund bought a 1.64% stake in Cigniti Technologies.

Parag Milk Foods

North Star Opportunities Fund bought a 1.48% stake, while Sixth Sense India Opportunities II sold a 1.5% stake in Parag Milk.

Sobha

Anamudi Real Estates LLP sold a 4.4% stake in Sobha, while mutual funds bought a collective 2.1% stake.

Route Mobile

Proximus Opal sold a 1.95% stake in Route Mobile, while Societe Generale bought a 0.54% stake.

Zen Technologies

Zen Technologies reported a significant rise in Q1FY25 profit and revenue, with a strong order book and new product launches.

IFB Industries

IFB Industries reported a significant rise in Q1FY25 profit and revenue, with strong growth in home appliances.

Power Grid Corporation of India (PGCIL)

PGCIL reported a slight rise in Q1FY25 profit, with flat revenue.

LatentView Analytics

LatentView Analytics reported a rise in Q1FY25 profit and revenue, completing an acquisition to enhance its services.

ITC Hotels

ITC Hotels opened a new property under the Welcomhotel brand and confirmed the demerger of its hotel business.

Cholamandalam Investment and Finance Company

Cholamandalam reported a significant rise in Q1FY25 profit and net interest income, with an increase in disbursements.

City Union Bank

City Union Bank reported a rise in Q1FY25 profit and net interest income, with improved NPA ratios.

ESAF Small Finance Bank

ESAF Small Finance Bank reported a decline in Q1FY25 profit despite a slight increase in net interest income.

KFin Technologies

KFin Technologies reported a rise in Q1FY25 profit and revenue, with new client wins.

Punjab & Sind Bank

Punjab & Sind Bank reported a rise in Q1FY25 profit due to a decline in bad loans and plans to raise funds through bonds.

Godrej Properties

Godrej Properties plans to launch new projects and reported a rise in FY24 profit and income.

Kaynes Technology India

Kaynes Technology reported a significant rise in Q1FY25 profit and revenue, with a strong order book.

Bandhan Bank

Bandhan Bank’s Q1FY25 profit rose significantly, with increased net interest income and higher NPA ratios.

Sumitomo Chemicals

Sumitomo Chemicals reported a significant rise in Q1FY25 profit and revenue.

Zen Technologies

Zen Technologies reported a significant rise in Q1FY25 profit and revenue.

Multi Commodity Exchange of India (MCX)

MCX reported a rise in Q1FY25 profit and revenue.

Jammu & Kashmir Bank

J&K Bank reported a rise in Q1FY25 profit, with improved NPA ratios.

KEC International

KEC International reported a rise in Q1FY25 profit and revenue, with plans to raise funds and new executive appointments.

Spandana Sphoorty Financial

Spandana reported a decline in Q1FY25 profit despite increased net interest income.

Jaiprakash Power Ventures

Jaiprakash Power reported a significant rise in Q1FY25 profit and revenue.

These stocks have notable recent developments that could impact their future performance.