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On Tuesday, April 22, 2025, the Indian stock market showed positive momentum, with benchmark indices opening higher. The Nifty 50 rose by 0.38% to 24,217.7, and the BSE Sensex increased by 0.43% to 79,750.18. Financial stocks led the gains, buoyed by the Reserve Bank of India’s liquidity-enhancing measures, which eased funding pressures on banks. Notably, Kotak Mahindra Bank and HDFC Bank saw significant upticks.
Stocks in Focus
- Hindustan Unilever (HUL) completed the acquisition of a 90.5% stake in Uprising Science, the parent company of skincare brand Minimalist, for ₹2,706.44 crore. This move aligns with HUL’s strategy to strengthen its presence in the premium skincare segment.
- Coal India, in collaboration with Damodar Valley Corporation, announced plans to establish a 1,600 MW coal-fired power plant in Jharkhand, investing ₹16,500 crore. This project aims to meet the growing electricity demand in the region.
- NTPC signed a 300 MW Power Purchase Agreement with Brookfield’s Evren to develop a renewable energy project integrating solar, wind, and battery storage technologies. The initiative focuses on providing efficient power during peak hours.
- Tata Power Renewable Energy, a subsidiary of Tata Power, partnered with Tata Motors to develop a 131 MW wind-solar hybrid project. The project is expected to generate approximately 300 million units of renewable electricity annually, supporting Tata Motors’ sustainability goals.
- Prestige Estates Projects plans to double its residential project launches in FY26, targeting key markets such as Bengaluru, Mumbai, Hyderabad, and Delhi-NCR. This expansion follows a strong performance in FY25, where the company launched 26.28 million square feet of projects.
- Vedanta’s promoter group entities secured a facility agreement worth approximately ₹4,514 crore ($530 million) to manage financial obligations.
- Gandhar Oil Refinery signed a Memorandum of Understanding with the Jawaharlal Nehru Port Authority to develop a terminal at Vadhvan Port. The project, estimated at ₹1,000 crore, aims to enhance marine services and cargo handling capabilities.
- Mazagon Dock Shipbuilders appointed Captain Jagmohan as the new Chairman and Managing Director, with his tenure expected to continue until September 2029.
Earnings Reports
- Tata Investment Corporation reported a 37.7% year-on-year decline in net profit for Q4 FY25, with revenue from operations decreasing by 71.2%.
- Anant Raj announced a 51.5% year-on-year increase in consolidated net profit to ₹118.6 crore for Q4 FY25, driven by improved operational efficiency.
- Mahindra Logistics reported a consolidated net loss of ₹6.75 crore in Q4 FY25, an improvement from the previous year’s loss of ₹12.85 crore. Revenue from operations increased by 8.19% year-on-year to ₹1,569.51 crore.
Disclaimer: This information is for educational purposes only and does not constitute investment advice.
