Stocks To Watch Today: IndusInd Bank, RIL, MOIL, Maruti Suzuki, PNB
IndusInd Bank Ltd., MOIL Ltd., Mahindra & Mahindra Financial Services Ltd. and Reliance Industries Ltd. will be the stocks to watch before going into trade on Thursday.
IndusInd Bank: External auditor PwC has submitted its report on the bank's accounting discrepancies to the private lender's board, sources told NDTV Profit. However, the bank has denied receival of any reports. The report is expected to contain details of an investigation into accounting discrepancies at the bank, which will be reviewed by the board to determine a further course of action.
MOIL: In fiscal 2025, the company's manganese ore production increased by 2.7% year-over-year, reaching a total of 1.8 MMT, and manganese ore sales rose by 3.3% year-over-year to 1.58 MMT. Notably, ferro manganese production grew by 18% year-over-year, resulting in a total production of 12,000 metric tons.
Mahindra & Mahindra Financial Services: The company in its business update reported overall disbursement up 1% at Rs 15,480 crore for the end of the final quarter, with disbursement up by 3% at Rs 57,850 crore for the fiscal, and the collection efficiency at 97% for the end of the fourth quarter.
Reliance Industries: The company plans to make an investment of Rs 65,000 crore for 500 compressed biogas plants in Andhra Pradesh.
Central Bank of India: The company, in its business update, reported gross advances up 16.2% at Rs 2.9 lakh crore, total deposits up 7.2% at Rs 4 lakh crore, and total business up 10.8% at Rs 7 lakh crore as of March 31.
ESAF Small Finance Bank: The banker reported gross advances rising 1% to Rs 18,975 crore, with total deposits up 17.2% to Rs 23,277 crore in its quarterly business update.
Punjab National Bank: The company, in its business update, reported global advances growing 13.6% to Rs 11 lakh crore, global deposits up 14.3% to Rs 15.6 lakh crore, domestic advances up 13.2% at 10.7 lakh crore, and domestic deposits up 13.3% at 15 lakh crore as of March 31.
Hindustan Zinc: The company, in its business update, reported silver production down 8% at 6.87 MT, saleable metal up 2% at 10.52 MT, mined metal up 1% at 10.95 MT, and wind power down 12% at 348 MU for FY25.
Bharat Electronics: The defence aerospace signed a contract worth Rs 593 crore with the Indian Air Force for providing maintenance services for the Akash Missile System, which was supplied by the company.
Maruti Suzuki India: The automaker is set to raise car prices due to rising input costs and operational expenses effective April 8.
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