Stocks To Watch Today: Wipro, HDFC Life, Angel One, RVNL Among Key Names On April 17

Stocks to watch today include Wipro, HDFC Life Insurance Company, Angel One, and Waaree Renewable Technologies following their March quarter earnings announcements, while Rail Vikas Nigam, Om Power Transmission, and VST Industries are also in focus based on corporate developments.

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Q4 Earnings In Focus

Wipro reported a 1.9% year-on-year (YoY) decline in consolidated profit to ₹3,501.8 crore for the March quarter, while revenue rose 7.7% YoY to ₹24,236.3 crore, according to company filings. IT services revenue increased 7% to ₹24,016.7 crore, while operating margin declined by 20 basis points to 17.3%. The company also approved a buyback of up to ₹15,000 crore at ₹250 per share.

HDFC Life Insurance Company posted a 4.65% YoY rise in profit to ₹497.5 crore, with net premium income increasing 9% to ₹25,998.4 crore. The board approved issuance of shares worth ₹1,000 crore to HDFC Bank, which will raise its stake to 50.54%. The company also recommended a dividend of ₹2.10 per share.

Angel One reported an 83.5% YoY jump in profit to ₹320.2 crore, while revenue increased 38.2% to ₹1,459.4 crore. The board approved fund raising of up to ₹1,500 crore via non-convertible debentures.

Waaree Renewable Technologies posted a 66% YoY rise in profit to ₹155.7 crore, while revenue surged 131.3% to ₹1,102.4 crore. VST Industries reported a 120.2% increase in profit to ₹116.7 crore, with revenue rising 30.9% to ₹457 crore.

Order Wins And Corporate Developments

Rail Vikas Nigam emerged as the lowest bidder for a railway infrastructure project valued at ₹967.92 crore, involving construction of additional lines and bridges, as per company disclosure.

CESC signed power purchase agreements with multiple companies for sourcing electricity from hybrid wind-solar projects.

Axis Bank said its board will consider fund raising options on April 25 alongside its quarterly results announcement. Kalyani Steels announced the resignation of its Chief Financial Officer, effective May 8.

Bulk Deals And Other Triggers

In bulk deals, Nippon India Mutual Fund acquired a 1.76% stake in Sudarshan Chemical Industries for ₹111.95 crore, while promoters sold a combined 3% stake worth ₹191.09 crore, as per exchange data.

Vanguard International Value Fund sold a 0.51% stake in Zee Entertainment Enterprises for ₹39.84 crore. Abu Dhabi Investment Authority exited M & B Engineering by selling its entire 2.26% stake.

Listings And Other Events

Om Power Transmission is set for its market debut, while several stocks including Aurobindo Pharma, Muthoot Finance, and Pashupati Cotspin will trade ex-date for corporate actions such as buyback, dividend, and stock split. These developments will keep specific stocks in focus during today’s trading session.