Tech Mahindra, L&T Tech, Cyient IndiGo: Stocks to watch on Friday

Stocks to watch on Friday, April 26: At 8:11 am, Gift Nifty futures traded higher by 0.16 per cent at 22,689.5, indicating positive opening for the markets today. Extending the rally for the fifth consecutive session, domestic blue-chip indices Nifty50 and Sensex settled higher led by financial stocks. The Nifty index ended 167.95 points, or 0.75 per cent, higher at 22,570.35, while the Sensex settled with gains of 486.50 points, or 0.66 per cent, at 74,339.44.

Here are some stocks that will be in focus on Friday, April 26: 

Results on April 26: Bajaj Finserv, HCL Technologies. Maruti Suzuki, SBI Life, Shriram Finance, Atul, and SBI Cards and Payments Services will announce their Q4 results.

Tech Mahindra: Tech Mahindra, the country's sixth largest IT firm by market value, reported a consolidated net profit of Rs 661 crore for the January-March period, up 29.5 per cent on a quarter-on-quarter basis. The quarterly net profit, however, fell short of analysts' expectations. 

L&T Tech: The IT company reported a consolidated net profit of Rs 341 crore for the January-March period. Its revenue for the quarter stood at Rs 2,537.5 crore, up 4.8 per cent quarter-on-quarter (QoQ) and 7 per cent year-on-year (YoY). 

IndiGo: InterGlobe Aviation agreed to place an order for 30 Firm A350-900 aircraft, which will enable IndiGo to spread its wings further and expand its network.

IndusInd Bank: Private sector lender IndusInd Bank reported a consolidated net profit of Rs 2,349 crore for the January-March quarter of the financial year (FY) 2023-24, which marks a 15 percent jump as compared to Rs 2043 crore clocked in the year-ago period.

Cyient: The IT services company reported a consolidated net profit of Rs 196.9 crore against Rs 153.2 crore quarter-on-quarter (QoQ). 

Bajaj Finance: The company posted decent Q4 results but came up with weak guidance for the near term. Profit at the company increased 21.1 per cent on year, while NII jumped 28.1 per cent.

Mphasis: The company posted mixed Q4 performance with revenue increasing 5.2 per cent , while margins remained steady at 14.9 per cent.

UTI AMC:  The company posted good Q4 show with profit increasing 89.5 per cent on year, while revenue increasing 38.7 per cent. Also, the company declared Rs 47 per share dividend for the FY24.

Himadri Speciality Chemicals: The company came up with good Q4 results with margin inching higher to 15.3 per cent. Also, the company's board has approved Rs 220 crore capex for the new speciality carbon black line.

Interglobe Aviation: The company in its aircraft fleet will include broad-body aircraft. Also, it will give an order of 30 Airbus A350-900 aircraft to Airbus.

Vedanta: The company's stock has seen big target upgrades after its Q4 show. CLSA has raised the target to Rs 430 from the earlier pegged target of Rs 390.

ICICI Bank: At the country's second leading private lender, information of 17,000 crredit card users has been compromised. 

(With inputs from agencies.) 

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