Stocks to Watch on April 4: UltraTech Cement, Jio Financial, Avenue Supermarts, Paras Defence and more

1 / 8

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.

2 / 8

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.

3 / 8

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.

4 / 8

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.

5 / 8

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.

6 / 8

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.

7 / 8

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.

8 / 8

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.