Stocks to watch: The domestic equity market will likely open in the red on Friday, April 4, following a rout on Wall Street in the overnight trade and Asian markets in the morning trade.
At 7:59 AM, the GIFT NIFTY futures were trading at 23,226, down 0.50 points. This suggests that the NIFTY50 index will open 100 points lower.
Here is a list of stocks that may remain in focus on Friday.
Oil-linked stocks: Oil-related stocks will be in focus as oil prices tanked on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after US President Donald Trump announced sweeping new import tariffs.
Brent futures settled at $70.14 a barrel, down $4.81, or 6.42%. Reuters reported that U.S. West Texas Intermediate crude futures finished at $66.95 a barrel, down $4.76, or 6.64%.
L&T Finance: In its Q4 business update, the company said that the retailisation of the portfolio is estimated at nearly 97% as of the end of Q4 Q4FY25. Retail disbursements for FY25 are estimated at nearly ₹60,020 crores, i.e., a growth of nearly 11% on an annual basis.
HDFC Bank: The bank’s average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment) were ₹ 26,955 billion for the March 2025 quarter, a growth of around 7.3% over ₹25,125 billion for the March 2024 quarter, and a growth of around 2.6% over ₹ 26,276 billion for the December 2024 quarter.
The bank’s average deposits were ₹ 25,279 billion for the March 2025 quarter, a growth of around 15.8% over ₹ 21,836 billion for the March 2024 quarter and around 3.1% over ₹ 24,528 billion for the December 2024 quarter.
Bandhan Bank: The lender's loans & advances (on book + PTC) grew 10.6% YoY and 4.5% QoQ to around ₹137,902 crore. Total deposits grew 11.8% YoY and 7.2% QoQ.
Mazagon Dock: The government will sell up to a 4.83% stake in Mazagon Dock Shipbuilders at a floor price of ₹2,525 per share.
"Offer for Sale in
Mazagon Dock Shipbuilders Limited (MDL) opens tomorrow for non-retail investors. Retail investors can bid on Monday. The government will divest 2.83% equity with an additional 2% as a green shoe option," DIPAM Secretary Arunish Chawla said in a post on X.
The OFS will open for institutional investors on Friday. Retail buyers can put in bids on April 7.
Jio Financial Services:
Jio Financial Services on Thursday said the company and BlackRock have each subscribed to 6.65 crore equity shares of Jio BlackRock Investment Advisers Private Limited, their 50:50 joint venture, at a face value of ₹10 per share, amounting to a total investment of ₹66.5 crore.
The JV will be utilising the amount to fund its business operations. With this, the total investment in the joint venture to date stands at ₹84.5 crore.
Bajaj Finance: The company shared its Q4 business update on Thursday. The company said that its customer franchise as of March 31, 2025, stood at 101.82 MM (million) as compared to 83.64 MM as of March 31, 2024. In Q4 FY25, the customer franchise increased by 4.70 MM.
Its assets under management (AUM) grew by 26% to approximately ₹416,750 crore as of March 31, 2025.
IT stocks: Shares of IT services companies will continue to be on investors' radar following a rout in the US markets.
Parag Milk Foods: Parag Milk Foods on Thursday said it has raised ₹161 crore in funds from a clutch of investors, including the promoter Shah family and Utpal Sheth, former chief executive officer of Rakesh Jhunjunwala's RARE Enterprises.
The fast-moving consumer goods company has raised the money through a preferential issue of 90 lakh convertible warrants, which will translate into an equal number of paid-up equity shares on conversion, according to a statement.
NMDC Steel: NMDC Steel Ltd on Thursday said it has produced 2 million tonnes of hot metal in the 2024-25 financial year.
This milestone marks a 100% increase in hot metal production compared to the previous 2023-24 fiscal year, when its plant produced 966,468 tonnes in its first seven and a half months of operation, NMDC Steel said in an exchange filing.
Jindal Steel and Power: Jindal Steel and Power Ltd (JSPL) on Thursday said it has acquired Allied Strips Limited (ASL) for over ₹217 crore.
The acquisition has been made through JSPL's wholly owned subsidiary, Jindal Steel Odisha Limited (JSO), according to a regulatory filing.
On the objectives behind the mover, JSPL said the acquisition will help JSO expand its product portfolio and provide significant synergies with the existing steel manufacturing business.
Auto stocks: Shares of automobile companies will likely be in focus as industry body SIAM said on Thursday that the automobile industry does not expect any significant impact from the latest tariff war, with the sector being exempt from the additional duties beyond the ones that were imposed less than two weeks back.
PFC: State-owned PFC on Thursday said it has sanctioned ₹3,517 crore worth of loans to Chhattisgarh East Railway Limited (CERL) for implementing the East Rail Corridor Project in Chhattisgarh.
CERL is a joint venture of South Eastern Coalfields Limited (SECL), IRCON, and Chhattisgarh State Industrial Development Corporation Limited (CSIDCL), PFC said in a statement.
BHEL, Hitachi Energy: A consortium comprising Hitachi Energy India and state-owned BHEL has secured a contract to set up a 6,000 MW, 950-km high-voltage direct current link to transmit renewable energy from Bhadla in Rajasthan to the industrial and transport hub in Fatehpur, Uttar Pradesh.
The value of the order is not disclosed.
Expected to be established by 2029, this HVDC (high-voltage direct current) link will significantly contribute towards the national mission to achieve 500 GW of power from renewable energy sources by 2030, BHEL said in a statement.
Bajaj Amines: The company said that the 6 MW AC Solar Power Plant was commissioned on April 2, 2025, and the same will be operational in a phased manner under Grid Connectivity.
The 6 MW AC solar power plant will generate power to be utilised for captive consumption under open access as per regulations.
Avenue Supermarts: The company said that the standalone revenue from operations for the quarter ended (QE) March 31, 2025, stood at ₹14,462.39 crore. The figure was ₹12,393.46 crore in the year-ago period. This translates to a 16.69% YoY rise.
Vedanta: The company said it saw record annual aluminium production at 2,421 kt (+2% YoY). Zinc India recorded a new high for annual mined metal production of 1,095 kt and refined metal production of 1,052 kt (+2% YoY).
Adani Wilmar: AWL Agri Business, formerly Adani Wilmar Limited, said the company recorded a robust 7% YoY volume growth in Q4. Revenue saw a significant 36% YoY increase in Q4 compared to the previous year. The company witnessed better growth in rural towns compared to urban markets, especially in the Foods category, driven by expanded reach and market penetration.
UltraTech Cement: The company's board has approved the acquisition of Wonder WallCare, a manufacturer of wall putty and related products. The enterprise value is ₹235 crore.
IDBI Bank:
IDBI Bank on Thursday, April 3, announced its fourth-quarter business updates, reporting a 13% year-on-year increase in its total business at ₹5.29 lakh crore in Q4 FY25, compared to ₹4.66 lakh crore in the year-ago period.
The private-sector bank’s total deposits stood at ₹3.10 lakh crore in the period under review, jumping 12% YoY from ₹2.78 lakh crore in the December quarter of the 2023-24 fiscal year (Q4FY24).
IDBI’s Current Account and Savings Account (CASA) deposits rose 3% YoY to ₹1.44 lakh crore in contrast to ₹1.40 lakh crore in Q4 FY24.
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