Stocks to watch this week : 16 April 2025

Corporate Actions and Developments Shares of

shall trade ex-dividend today. (TCS) has been allotted 21.16 acres of land in Visakhapatnam by the Andhra Pradesh government for a symbolic price of just 99 paisa, with plans to invest Rs 1,370 crore and create 12,000 jobs. IndusInd Bank has received a report from an external agency identifying discrepancies related to derivative deals, with a negative impact of Rs 1,979 crore as of June 2024, adversely affecting the bank's net worth by 2.27% as of December 2024. ICICI Prudential Life Insurance Company reported a 122.3% YoY increase in profit to Rs 386.3 crore, while net premium income grew 10.7% YoY to Rs 16,369.2 crore, and the company declared a final dividend of Rs 0.85 per share. Regulatory Updates and Mergers/Acquisitions Cairn Oil & Gas, a subsidiary of , has acquired 7 new blocks in the Open Acreage Licensing Policy (OALP) Round IX auction, including 4 onshore and 3 shallow water blocks. The state-run NBFC Indian Renewable Energy Development Agency (IREDA) saw its profit zoom more than 48.7% YoY to Rs 501.6 crore in the March 2025 quarter, with a 47.3% YoY surge in net interest income to Rs 801.3 crore. Adani Total Gas has faced a 15% reduction in the allocation of APM-priced domestic gas by the Nodal Agency, GAIL (India), effective April 16. Swiggy has signed an MoU with the Ministry of Labour & Employment to enhance gig and logistics employment opportunities on the National Career Service (NCS) portal, aiming to create over 12 lakh job opportunities over the next 2–3 years. ICICI Lombard General Insurance Company's net profit dropped 1.9% YoY to Rs 509.6 crore in the March 2025 quarter, despite a 10.2% YoY increase in gross premium written to Rs 6,903 crore and a 15% rise in net premium written to Rs 5,481 crore.