Stocks to Watch Today on April 23, 2025: HCLTech, Ambuja, Airtel and More in Focus

Indian stock markets are likely to continue their upward trend for the seventh day in a row on Wednesday, supported by positive global signals and renewed interest from foreign investors. GIFT Nifty hints at a strong opening for domestic markets.

However, by 7:00 AM, the early Nifty indicator had dropped 221 points (0.91%) to 24,390.

Asian markets are bouncing back, taking cues from Wall Street gains. Investors are feeling optimistic after US President Donald Trump expressed hope about easing trade tensions with China. Japan’s Nikkei gained 1.58%, and South Korea’s Kospi rose 1.12%.

On Tuesday in the US:

• S&P 500 rose 2.51% 
• Nasdaq Composite dropped 2.71% 
• Dow Jones fell 2.66% 

Indian Market Snapshot – April 22

• Sensex closed 187 points higher at 79,595 (+0.24%) 
• Nifty50 gained 41 points to close at 24,167 (+0.17%) 
• FIIs were net buyers, investing ₹1,290.43 crore 
• DIIs were net sellers, offloading ₹885.63 crore 

Here are stocks to watch today: 

HCLTech

HCL Tech reported a net profit of ₹4,307 crore for the fourth quarter, marking a 7.81% year-on-year rise. Revenue from operations came in at ₹30,246 crore, a growth of 6.1% YoY, slightly missing analysts’ expectations.

Read More, Mahindra Finance Shares in Focus: PAT Slipped 32% YoY, Proposed Final Dividend of ₹6.50.

Hathway Cable & Datacom

Hathway posted a marginal rise in consolidated net profit to ₹34.8 crore in Q4. Revenue from operations also grew, reaching ₹513.15 crore compared to ₹493.37 crore in the same quarter last year.

AU Small Finance Bank

AU Small Finance Bank reported a strong 18% year-on-year increase in net profit at ₹504 crore for the January–March quarter of FY25. The performance was driven by robust growth in net interest income and other revenues.

Tata Communications

Tata Communications reported a 15% increase in net profit to ₹336 crore in Q4. The improvement was fueled by strong demand in its data services segment.

Ambuja Cements

Ambuja Cements, part of the Adani Group, has acquired a 37.8% promoter stake in Orient Cement Ltd (OCL) from the CK Birla Group. In addition, it purchased 1.82 crore shares, or 8.87%, from public shareholders, raising its total stake in OCL to 46.66%.

Gensol Engineering & Power Finance Corp (PFC)

Power Finance Corporation (PFC) has filed a complaint with the Economic Offences Wing (EOW) against Gensol Engineering Ltd, alleging the submission of falsified documents. PFC is currently investigating the matter under its anti-fraud policy.

Bharti Airtel

Bharti Airtel and its subsidiary Bharti Hexacom have signed agreements with Adani Data Networks to utilise 400 MHz of spectrum in the 26 GHz band, a move expected to support their 5G network capabilities.

Conclusion

While early indicators like the GIFT Nifty show a dip, strong global cues and ongoing FII inflows could keep the bullish momentum alive. Key corporate developments, including earnings from HCLTech and AU Small Finance Bank, strategic moves by Ambuja Cements and Airtel, and regulatory issues surrounding Gensol, are likely to drive stock-specific action today. Investors should stay cautious amid volatility but look for opportunities in fundamentally strong counters.

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.         

Investments in securities market are subject to market risks, read all the related documents carefully before investing.