Stocks to watch: Sun Pharma, Wipro, RIL, ICICI Bank, Century Textiles, Nelco

The Nifty futures on the Singapore Exchange (SGX) traded 0.31 per cent higher at 17,694.5, indicating a positive start for the Indian equities on April 24, 2023. In Asia, equities started cautiously on Monday in a week packed with economic data, central bank meetings, and earnings from the tech giants that have kept the S&P 500 afloat this year.

Here's a look at the key stocks that may remain in focus today -

Wipro: The IT services company will consider stock buyback along with the result announcement on April 27. 

ICICI Bank: India’s second-largest private lender reported higher than estimated earnings for the January-March quarter of the financial year 2022-23 (Q4FY23) on Saturday, April 22, 2023. The bank's board recommended a dividend of Rs 8 per equity share of the face value of Rs 2 each, subject to requisite approvals, the banking major said in a separate filing today.

Reliance Industries: The Mukesh Ambai-led conglomerate reported better-than-expected results for the March quarter of the fiscal FY23. The O2C segment posted its highest-ever operating profit despite global uncertainties and disruptions in commodity trade flows, Ambani added.

Sun Pharma: Drug makers Sun Pharma and Hetero are recalling products in the US market for manufacturing issues, according to the US Food and Drug Administration (USFDA). That apart, the pharma major on Sunday said there will be a temporary pause in the release of final product batches from its Mohali manufacturing unit until it implements the US FDA-mandated measures.

Earnings today: As many as 17 companies are slated to release their March quarter earnings later in the day today. Some of the prominent names include IndusInd Bank, Nelco, Persistent Systems, and Century Textiles, among others. 

Macrotech Developers: The realty firm on Saturday reported a 39 per cent increase in consolidated net profit at Rs 744.36 crore for the March quarter and announced the issue of bonus shares to shareholders in a ratio of 1:1. Its net profit stood at Rs 535.46 crore in the year-ago period, Macrotech Developers said in a regulatory filing.
 
YES Bank: The private sector lender on Saturday posted a 45 per cent decline in its March quarter net at Rs 202 crore. Profits for both the March quarter and the fiscal year have been impacted by accelerated provisioning, the bank said.

C.E. Info Systems: The parent company of MapMy India released its March quarter and FY23 earnings last evening. The company, in its press release, said its revenue for the year rose 41 per cent to Rs 282 crore while PAT increased by 24 per cent YoY. EBITDA came in at Rs 108 crore and EBITDA margins at 42 per cent. 

Ami Organics has entered the semiconductor industry through the acquisition of a 55 per cent stake in Baba Fine Chemicals (BFC).