Stocks to Watch on April 4: Mazagon Dock, HDFC Bank, Bajaj Finance, Bajaj Auto and more

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UltraTech Cement | Aditya Birla Group's flagship company said its board of directors has approved the acquisition of 100% equity in Wonder WallCare at an enterprise value of up to ₹235 crore. The company has signed a Share Purchase Agreement with Wonder WallCare’s existing shareholders. The transaction is expected to be completed within 90 days, subject to necessary regulatory approvals and compliance.

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Jio Financial | The company and BlackRock have each subscribed to 6.65 crore equity shares of Jio BlackRock Investment Advisers Private Limited, their 50:50 joint venture, at a face value of ₹10 per share, amounting to a total investment of ₹66.5 crore. The joint venture will use the funds to support its business operations. With this latest investment, the total capital infused into the venture stands at ₹84.5 crore. The transaction is classified as a related-party transaction conducted on an arm’s length basis.

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Avenue Supermarts | The company posted ₹14,462.39 crore in standalone revenue for the fourth quarter of FY25, marking a 16.7% increase from ₹12,393.46 crore in the same period last year. The company continued its expansion, ending the quarter with 415 stores. Revenue has shown consistent growth over the years, rising from ₹8,606.09 crore in Q4FY22 to ₹10,337.12 crore in Q4 FY23, and ₹12,393.46 crore in Q4 FY24. The latest Q4 figure remains subject to audit.

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Nestlé India | The company announced the groundbreaking of its tenth factory and first in Eastern India, located in Khordha, Odisha. The event was graced by the Honorable Chief Minister of Odisha, Mohan Charan Majhi, marking a significant milestone for the company's expansion strategy and commitment to the "Make in India" initiative. The Khordha factory represents an initial investment of approximately ₹900 crore in its first phase and will focus on manufacturing products from Nestlé India's foods portfolio, including prepared dishes and cooking aids.

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Fortis Healthcare | The company announced that its indirect wholly-owned subsidiary, Hospital Limited (IHL), has received an income tax demand of ₹76.19 crore for Assessment Year 2019-20. The Income Tax Authority issued the order over disallowed interest expenses claimed by IHL for FY19. The company informed stock exchanges that the tax demand is not expected to impact its financials or operations. IHL is currently assessing its legal options, including the possibility of an appeal.

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Jupiter Wagons | Leading manufacturer of railway wagons, wagon components and castings said its subsidiary Jupiter Tatravagonka Railwheel Factory Private Ltd (JTRF) has acquired land in Haldiapada, Khordha, Odisha, for setting up India’s first private-sector Railwheel and axle forging plant. This marks a key milestone in the company’s expansion, strengthening Odisha’s role as a hub for high-tech industrial manufacturing. The facility will be the first railway heavy engineering industry in Odisha under private ownership.

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Paras Defence | Defence engineering firm said it has signed a strategic Memorandum of Understanding (MoU) with MicroCon Vision Ltd, Israel, a company under Controp and the Rafael Group, to strengthen India’s defence and drone technology sector. Under this agreement, Paras Defence will become the exclusive supplier of advanced drone camera technology in India, offering these systems at significantly lower costs.

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RBL Bank | The bank reported robust growth in its key financial metrics for the fourth quarter, with total deposits rising 7% year-on-year (YoY) and 4% quarter-on-quarter (QoQ) to reach ₹1.10 lakh crore. The growth reflects strong customer acquisition and retention, alongside a stable deposit base. The Current Account Savings Account (CASA) segment also showed healthy growth, increasing 4% YoY and 8% QoQ to ₹37,884 crore. However, the CASA ratio declined slightly to 34.1%, compared to 35.2% in the previous year but improved from 32.8% in the preceding quarter.

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GR Infraprojects | Infrastructure company said it has secured an arbitration award of ₹1,064.5 crore against the Chief Engineer, NH (S) Wing & Road Construction Department, Government of Bihar. The dispute pertained to claims raised by the company regarding the construction of a two-lane road with a paved shoulder on the Bhagalpur Bypass section of Highway 80 under an EPC contract.

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Bajaj Auto | Bajaj Auto Holdings BV (BAIH BV) has subscribed to €50 million (₹468.7 crore) worth of convertible bonds issued by Pierer Bajaj AG (PBAG) on April 3, 2025. The investment aims to support the financial requirements of KTM AG, a subsidiary of PBAG’s holding company Pierer Mobility AG (PMAG). KTM AG is a leading European manufacturer of high-performance motorcycles, including brands like KTM, GASGAS, and Husqvarna.

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YES Bank | Private sector lender reported an 8.2% year-on-year increase in loans and advances, reaching ₹2,46,539 crore as of March 31, 2025. On a sequential basis, advances grew 0.7% from ₹2,44,834 crore in the December 2024 quarter. Total deposits stood at ₹2,84,488 crore, marking a 6.8% year-on-year rise and a 2.6% sequential growth. The bank’s CASA deposits increased by 18.4% year-on-year to ₹97,443 crore, with the CASA ratio improving to 34.3% from 30.9% a year ago and 33.1% in the previous quarter.

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Bandhan Bank | Private lender reported a 10.6% year-on-year (YoY) increase in total loans and advances (including Pass-Through Certificates), reaching ₹1.37 lakh crore as of March 31, 2025. Sequentially, advances grew 4.5% from the previous quarter. Total deposits rose 11.8% year-on-year to ₹1.51 lakh crore, reflecting a 7.2% growth over the December 2024 quarter. Bulk deposits increased by 13.7% year-on-year and 6.5% sequentially, reaching ₹47,056 crore.

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Zomato | Food delivery giant, led by Deepinder Goyal, will officially change its name to Eternal Ltd on stock exchanges starting April 9, 2025. The company confirmed on March 20 that the Ministry of Corporate Affairs (MCA) had approved the name change. As part of this transition, Zomato’s stock ticker on both the NSE and BSE will switch from ZOMATO to ETERNAL.

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HDFC Bank | Private sector lender reported a 7.7% year-on-year (YoY) growth in period-end advances under management, reaching ₹27.73 lakh crore as of March 31, 2025, up from ₹25.76 lakh crore a year ago. On a sequential basis, advances rose 3.3% from ₹26.83 lakh crore in December 2024. Retail loans grew by 9% year-on-year, while commercial and rural banking loans increased by 12.8%.

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Bajaj Finance | The company reported a robust performance in Q4 FY25, with its assets under management (AUM) rising 26% year-on-year to ₹4.17 lakh crore as of 31 March 2025. The company added approximately ₹18,700 crore to its AUM during the quarter, reflecting steady demand for its financial products. The non-bank lender’s customer franchise expanded to 101.82 million, up from 83.64 million a year ago. In the quarter, it added 4.70 million new customers.

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L&T Finance | The company reported healthy growth in its Q4 FY25 business update, with the retail loan book expanding 18.8% year-on-year to ₹95,100 crore, compared to ₹80,036 crore in the previous year. The company’s retailisation ratio improved to 97% in Q4 FY25 from 94% in Q4 FY24, highlighting its shift towards a more consumer-focused lending portfolio. Retail disbursements for the quarter stood at ₹14,870 crore, marginally up from ₹15,044 crore in Q4 FY24.

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Mazagon Dock | The central government plans to divest up to a 4.83% stake in Mazagon Dock Shipbuilders Ltd, a state-run defence giant, through an offer for sale (OFS), the company announced in an exchange filing on Thursday. The government will offload a base stake of 2.83%—approximately 5.71 million shares—with an option to sell an additional 2% (about 4.03 million shares) under a green shoe provision. The OFS opens for non-retail investors on April 4, 2025, and for retail investors on April 7, with a floor price of ₹2,525 per share, a discount of 8% to the stock’s current market price (CMP).

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Vedanta | Mumbai-listed mining conglomerate reported record production figures across key business verticals for the fourth quarter and fiscal year ending March 31, 2025. The company achieved historic highs in aluminium and zinc production while also recording strong growth in iron ore, steel, oil and gas, and power sales. Annual aluminium production reached 2,421 kt, marking a 2% increase year-on-year, while fourth-quarter output grew 1%.