Stocks to watch, April 16: HDB Financial, HDFC Life, Wipro, NBFCs, Dixon Tech, Delhivery

HDB Financial Services: HDB Financial Services reported its results for the fourth quarter of the financial year 2025-26 (Q4 FY26), posting a 41.38% year-on-year (YoY) surge in its net profit to ₹750.6 crore, compared with ₹530.9 crore it logged in the year-ago period.

Its net interest income (NII) surged 21.6% YoY to ₹2,399 crore for Q4 FY26, as against ₹1,973 crore for the quarter ended March 31, 2025.

Its net interest margin (NIM) expanded to 8.2% during the quarter under review, in comparison with 7.6% in the same period last year.

Edelweiss Mutual Fund (MF), Nippon India MF, and Hong Kong-based Viridian Asset Management also purchased shares in Delhivery, as per the block deal data available on the National Stock Exchange (NSE).

A total of 40 lakh equity shares, representing a 0.53% stake in Gurugram-based Delhivery, were purchased by these entities at an average price of ₹465 apiece, taking the combined deal to ₹186 crore.

Its total income during the January-March quarter increased to ₹6,619 crore from ₹5,851 crore logged in the year-ago period.

For the full 2025-26, ICICI Lombard's net profit grew 10.5% to ₹2,772 crore. In 2024-25, its net profit stood at ₹2,508 crore.

The project will be executed under SAMHI's long-term variable lease model, ensuring strong alignment of interests while maintaining a capital-light approach, SAMHI Hotels stated.

The hotel will be managed under an international hotel brand to be determined in due course, it added.

Ingka Centres India is a part of the Ingka Group, which operates three businesses: IKEA Retail, Ingka Centres, and Ingka Investments.

The hotel will form part of Ingka Centres' mixed-use meeting places concept.

In a regulatory filing, the company said it has signed a Joint Development Agreement (JDA) for an 8.63-acre parcel in Gunjur, East Bengaluru.

The signing of the JDA will enable the company to develop a larger 39-acre integrated residential township in the Whitefield–Sarjapur corridor.

"The 39-acre development, planned primarily as a large-scale residential township, will have an estimated gross development value (GDV) of about ₹7,200 crore," it added.

The Scheme for Large Scale Electronics Manufacturing (LSEM) was launched in 2020 with the aim of boosting domestic manufacturing of mobile phones in the country with an outlay of ₹40,995 crore, or about $5.7 billion, based on the exchange rate at that time.

LSEM was commonly known as the production-linked incentive scheme (PLI) for mobile phones.

"The PLI 2.0 for mobile phones is in the works with a focus on boosting exports. It should be in place by May. The outlay is expected to be over USD 5 billion," a source on condition of anonymity told PTI.

The central bank has issued the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026.

The objective of these amendment directions is to provide operational flexibility to NBFCs for branch expansion to facilitate ease of doing business while ensuring necessary regulatory compliance, it said in a circular.

The move aims to enable FMCG companies to navigate increasingly fragmented inventory flows.

India's fast-moving consumer goods (FMCG) sector is undergoing rapid transformation, and as product portfolios expand and consumer preferences continue to evolve, supply chains are becoming more complex, making efficient inventory management and agile logistics capabilities critical for companies operating in the space, the company said.