Six Stocks In News At Noon: Axis Bank, Tech Mahindra, SBI Life Among Others

As of noon, the benchmark indices were experiencing a downturn, with the Nifty 50 down by 1.38% at 23,910 and the Sensex 1.25% lower at 78,803. Several stocks, including Axis Bank Ltd., Tech Mahindra Ltd., SBI Life Insurance Co., Cyient, Sterling and Wilson Renewable Energy Ltd. and Maruti Suzuki India Ltd. were making headlines due to various financial developments.

Axis Bank Ltd.'s share price fell over 4% on Friday following a marginal decline in its net profit for the fourth quarter of fiscal 2025. The private lender reported a net profit of Rs 7,117.5 crore for the quarter ended March 31, marking a slight year-on-year decrease of 0.1%.

Tech Mahindra Ltd.'s share price dropped nearly 5% on Friday after its fourth-quarter revenue missed analysts' estimates. The company's revenue for the quarter ending March 31, 2025, stood at Rs 13,384 crore, slightly below the Bloomberg consensus estimate of Rs 13,460 crore.

SBI Life Insurance Co. saw a significant rise, with its shares increasing by as much as 9.56%. The stock hit a six-month high on Friday after the company posted a consolidated net profit of Rs 814 crore for the fourth quarter of the previous fiscal.

Despite reporting a 39% rise in net profit and a marginal increase in revenue for the quarter ended March, the share price of IT firm Cyient Ltd. slipped nearly 10% on Friday, with brokerages remaining bearish on the stock.

Sterling and Wilson Renewable Energy Ltd.'s share price fell over 5% on Friday after the company missed analysts' estimates despite a two-fold increase in profit. The company's net profit surged to Rs 55.01 crore during the January-March period of fiscal 2025, compared to the consensus estimate of Rs 70.15 crore by analysts polled by Bloomberg.

Share price of automaker Maruti Suzuki India Ltd. declined by 0.29% after gaining 1.28% in early trade on Friday, ahead of the company's financial performance announcement for the quarter ended March 31.