Stocks to Watch on April 9: TCS, Lupin, Bosch, NHPC, NTPC and More in Focus

Bosch Leads with Strategic Acquisition

Bosch Ltd would find itself under scrutiny following the announcement that the company would take up the ownership of a 100 percent share in Bosch Chassis Systems India at a price of ₹9,068.68 crore from its group entities. This is believed to be a business move designed to enhance its footprint in the automotive components industry.

Lupin Gains on USFDA Nod

Lupin Ltd, a pharmaceutical company, has gotten FDA (USFDA) approval for its new product, which includes two medicines known as dapagliflozin and metformin extended release tablets in various strengths. This would help boost the company's diabetes portfolio and aid in its profitability.

Earnings Watch: TCS, Anand Rathi Wealth and GM Breweries

The spotlight will definitely fall on Tata Consultancy Services (TCS), as well as Anand Rathi Wealth and GM Breweries, since all three are going to release their quarterly financial results soon. Market participants will pay close attention to the company’s earnings and management comments, in particular, on the dividend payments of TCS.

NHPC Gets Big Investment Boost

NHPC Ltd, a state-owned company, is anticipated to move forward since the approval has been obtained from the Cabinet Committee on Economic Affairs for an investment of ₹26,070 crore in the Kamala Hydroelectric Project. This project will be undertaken in collaboration with the Government of Arunachal Pradesh and helps improve NHPC's prospects.

NTPC Eyes Nuclear Expansion

The National Thermal Power Corporation Limited has entered into an MoU, which is not binding on either party, with France’s Electricite de France to jointly study the possibility of undertaking nuclear power ventures in India.

KEC International Secures Strong Orders

KEC International bags fresh orders for ₹2,518 crore from varied segments, including a notable contract in commercial real estate and a JV contract under the Kavach rail security initiative. This is positive for its pipeline and revenue outlook.

ITC Hotels Sees Stake Sale

This can put pressure on ITC Hotels going forward as GQG Partners Equity Fund sold off its stakes through block deals involving 1.3 crore shares which constitute 0.62% of equity at a price of ₹197 crores.

Poonawalla Fincorp Plans Fund Raise

Attention is drawn to Poonawalla Fincorp since the company intends to mobilize ₹5,000 crore from QIPs. However, although this financing will enhance growth, any dilution that may arise from this transaction might present a worry for investors in the short run.

RedTape Expands Brand Portfolio

The RedTape Company has secured the license for the global sports footwear brand SPRANDI in India, Nepal, Bhutan, and Sri Lanka. The company intends to introduce the brand via digital and traditional mediums, seeking high volume sales.

Info Edge Reports Steady Growth

In Q4, Info Edge reported a steady business outlook, with standalone revenues growing by 7.45% YoY to ₹1,057.1 crore. The recruitment solutions business was the key driver of growth, with the real estate vertical recording moderate growth.

RITES Bags New Order

RITES Ltd has obtained a Letter of Acceptance of ₹119 crore for the consultancy services of project management. This will help in adding to its order book and earnings visibility.

All in all, a combination of earnings catalysts, strategic partnerships, approvals, and orders is likely to lead to stock-specific movements on Wednesday. It would be prudent to keep an eye on these events.