Tata Consumer Products, HUL, LTIMindtree: Stocks to watch on Wednesday

Stocks to watch on Wednesday, April 24: At 8:14 am, Gift Nifty futures traded higher by 0.33 per cent, or 74.45 points, at 22,445.5 points. Domestic blue-chip indices Nifty50 and Sensex inched higher on Tuesday, April 23. The Nifty50 index ended 31.6 points, or 0.14 per cent, higher at 22,368, and the Sensex settled with a gain of 89.83 points, or 0.12 per cent, at 73,738.45.

Here are some stocks that will be in focus on Wednesday, April 24.

Results on April 24: LTIMindtree, Hindustan Unilever, Axis Bank, Dalmia Bharat, Syngene International, Oracle Financial Services Software, AU Small Finance, and Indian Hotels will announce their Q4 numbers on Wednesday.

Tata Consumer Products: The company's profit after tax (PAT) stood at Rs 144.81 crore against Rs 272.92, down 46.9 per cent a year ago. Its revenue from operations stood at Rs 2,610.03 crore against Rs 2,311.59 crore. 

UCO Bank: The public sector lender's board will consider its Q4 results, dividend, and fundraising in a meeting on Monday, April 29. 

Shakti Pumps: The company invested Rs 5,08,00,000 in its subsidiary, Shakti EV Mobility Private Limited, to initiate and expand the business of its subsidiary. 

Cyient DLM: The company's net profit for the fourth quarter ended on March 31 increased 80.2 per cent to Rs 22.7 crore against Rs 12.6 crore year-on-year (YoY). Its revenue was up 30.5 per cent to Rs 362 crore against Rs 277.4 crore (YoY). 

ICICI Prudential: The company's results were less than estimates. Net premium income at the company grew 17.1 per cent, while profit declined 25.9 per cent. Brokerage remained mixed on the stock after its Q4 show.

MCX: The company logged growth during Q4 but it was lower than expected. Revenue at the company increased 35.3 per cent, while profit grew 16x to Rs 87.9 crore. 

Amara Raja, JSW Energy, RIL: The ministry of heavy materials has received requests from seven companies, including Amara Raja Advanced, JSW Neo Energy, and RIL, for setting up a giga-scale advanced chemistry cell.

Lupin: The company for its Aurangabad facility has received an EIR, or Establishment Inspection Report. Additionally, after the inspection, the company has been with VAI or Voluntary Action Indicated.

Indus Tower / Bharti Airtel / Vodafone Idea: As per newspaper reports, Bharti Airtel may buy Indus Tower's stake in Vodafone Idea. Currently, Bharti Airtel holds a 47.95 per cent stake in Indus Tower.

IIFL Finance: As per the guidelines of the RBI, a special audit has been initiated against the company. The apex banker stopped the NBFC from disbursing new gold loans.

(With inputs from agencies.) 

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