Stocks to Watch on April 22, 2025: Mahindra Logistics, Vedanta, HUL, and More

Indian stock markets are expected to be impacted on Tuesday, with the aim of extending their winning streak to the sixth consecutive day. This comes despite weak global cues. The GIFT Nifty was up by 44.5 points or 0.18% at 24,180 as of 7:22 AM, signalling a mildly positive opening.

Global market update

Asian markets are trading lower, following sharp declines on Wall Street. The fall came after former US President Donald Trump strongly criticised Federal Reserve Chair Jerome Powell and urged for immediate rate cuts. Investors are increasingly worried about the Federal Reserve’s independence. Japan’s Nikkei was down 0.37%, while South Korea’s Kospi slipped 0.20%. In the US, the S&P 500 fell 2.36%, the Nasdaq dropped 2.55%, and the Dow Jones declined by 2.48%.

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Domestic market performance on April 21

On Monday, domestic indices performed strongly. The BSE Sensex surged 855 points or 1.09% to close at 79,408.5, and the Nifty50 gained 273.9 points or 1.15% to end at 24,125. Foreign institutional investors (FIIs) were net buyers, investing ₹1,970.17 crore, while domestic institutional investors (DIIs) purchased shares worth ₹246.59 crore.

Stocks to Watch 

• Mahindra Logistics

Mahindra Logistics reported a strong 67% year-on-year rise in standalone profit after tax for the March quarter of FY24, coming in at ₹13.12 crore. This is a significant jump from ₹7.86 crore in the same quarter last year.

• Tata Investment Corporation

Tata Investment Corporation posted a sharp 38% decline in its net profit, which stood at ₹37.7 crore for the quarter ended March 31, 2025. Revenue from operations fell by 71% to ₹16.4 crore, indicating weaker performance compared to the previous year.

• Steel stocks

All listed steel companies are expected to be in focus after the Indian government imposed a 12% provisional safeguard duty on select steel products to protect domestic manufacturers. The duty will remain in place for 200 days. While most developing countries are exempt, China and Vietnam are included under the duty.

• Vedanta

Twin Star Holdings, the promoter entity of Vedanta, signed a $530 million facility agreement. Vedanta Resources and Welter Trading are acting as guarantors for this deal, which is aimed at managing the group’s financial obligations.

• Gandhar Oil Refinery

Gandhar Oil Refinery has entered into a non-binding memorandum of understanding with the Jawaharlal Nehru Port Authority to explore the possibility of developing a terminal at Vadhvan Port. The project is estimated to cost ₹1,000 crore and will handle container, bulk, and liquid cargo, along with marine services.

• Tata Power

Tata Power Renewable Energy has signed a power purchase agreement with Tata Motors to jointly develop a 131 MW wind-solar hybrid renewable energy project. This will take the company’s total group captive renewable capacity to 1.5 gigawatts.

• Mazagon Dock Shipbuilders

The Ministry of Defence has appointed Jagmohan as the new Chairman and Managing Director of Mazagon Dock Shipbuilders. He brings with him over 25 years of experience from the Indian Navy, where he held several important positions, including roles in the Directorate of Naval Design and Naval Dockyard Mumbai.

• Hindustan Unilever

Hindustan Unilever has completed the acquisition of a 90.5% stake in Uprising. The acquisition was done through a mix of primary investment and secondary purchase, for a total cash consideration of ₹2,706 crore.

Conclusion

As global headwinds weigh on investor sentiment, domestic developments and company-specific actions are set to drive market movements on April 22. Keep an eye on logistics, power, and steel sectors for potential activity.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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