Stocks To Watch: PNB Housing Finance, TVS Motor, JSW Steel, Indosolar On April 21

Several companies reported March quarter results ahead of the trading session. PNB Housing Finance posted a 14.4% year-on-year rise in profit to ₹648.7 crore, while net interest income increased 8.2% to ₹796 crore. The board recommended a final dividend of ₹8 per share for FY26, according to Moneycontrol.

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NELCO reported a profit of ₹1.09 crore compared to a loss of ₹4.08 crore in the previous year, while revenue rose 17.3% to ₹79.2 crore. Ugro Capital reported a 27.1% decline in profit to ₹29.55 crore, while net interest income increased 12.6% to ₹93.7 crore. The company also reappointed Shachindra Nath as Vice Chairman and Managing Director.

Indosolar reported a 4.9% increase in profit to ₹42 crore, while revenue declined 56.7% to ₹83.1 crore. The company appointed Abhishek Pareek as Chief Financial Officer effective April 20, as per Moneycontrol.

Corporate Developments Across Companies

TVS Motor Company entered into a joint development agreement with Hyundai Motor Company to develop electric three-wheelers, according to Moneycontrol. The company also announced its entry into the Zambian market and appointed Zamoto Manufacturing as its distributor.

JSW Steel signed a joint venture agreement with South Korea-based POSCO to establish a 6 million tonnes per annum greenfield steel plant in Odisha, as reported by Moneycontrol.

Apeejay Surrendra Park Hotels signed hotel management agreements for projects in Ayodhya and Ujjain, expanding its presence in key domestic locations.

Vedanta said its demerger will be effective May 1, under which its business will be reorganised into separate entities, according to Moneycontrol.

Other Key Updates

AU Small Finance Bank said its board will consider fundraising through multiple routes, including qualified institutional placement, on April 27. The bank will also announce its financial results for the March quarter on the same date.

In the bulk deals segment, HCP Investments sold 7 lakh shares of Ind-Swift Laboratories at ₹131.14 per share, amounting to ₹9.17 crore. GDN Ventures sold 10 lakh shares of HEG at ₹631.02 per share, amounting to ₹63.1 crore, according to exchange data cited by Moneycontrol.

Multiple companies, including HCL Technologies, Nestle India, Persistent Systems, Tata Elxsi, and others, are scheduled to announce their quarterly earnings on April 21.

Stock-specific developments, including earnings, business agreements, and corporate actions, are expected to influence trading activity during the session.