Q4 Results Impact: Hcl Tech, Au Sfb Shares Gain 6% Each; Havells, M&m Finance Drop Up To 3%; Target Prices

Shares of HCL Technologies Ltd and AU Small Finance Bank Ltd (AU SFB) climbed 6 per cent each, while those of Havells India Ltd and M&M Financial Services Ltd fell up to 3 per cent pursuing their March 4th earnings.

HCL Tech demonstrated resilient capacity crossed its services (up 0.7 per cent quarter-on-quarter successful changeless currency) and package businesses (up 4.9 per cent year-on-year successful changeless currency) amidst a world situation characterised by expanding uncertainty and reduced discretionary spending, said HDFC Institutional Equities. The brokerage noted that AU SFB’s net were a marginal beat, pinch patient maturation connected some sides of nan equilibrium expanse and stronger traction successful different income, offset by accelerated provisions connected unsecured NPAs.

Shares of HCL Tech roseate 6.43 per cent to Rs 1,575, while AU SFB precocious 6.04 per cent to Rs 650.85.

M&M Financial Services’ operating capacity remained subdued, pinch Q4FY25 net importantly beneath estimates. HDFC Institutional Equities added that nan capacity crossed segments was mixed for Havells India.

Havells India saw its shares autumn 3.14 per cent to Rs 1,612.50. Mahindra & Mahindra Financial Services declined 2.04 per cent to Rs 271.50.

Nirmal Bang said HCL Tech reported a beardown full statement worth (TCV) successful an different muted quarter. Net-new bookings stood beardown astatine $3 billion—above nan guided scope of $2–2.5 billion—and included 1 mega ER&D woody win. The brokerage suggested a target value of Rs 1,748 for nan stock.

Havells’ topline and Ebitda margin came successful statement pinch Nirmal Bang’s estimates. The broking patient maintained a ‘Buy’ standing connected nan stock, pinch a target of Rs 1,930. M&M Financial’s Q4 disbursement maturation was soft (up 2 per cent year-on-year), but AUM maturation remained beardown astatine 17 per cent year-on-year, reaching Rs 1,19,670 crore, Nirmal Bang noted, while suggesting a target of Rs 283.

AU SFB outperformed nan manufacture successful position of business growth, Nirmal Bang said, while suggesting a target value of Rs 745 connected nan stock.

According to Nuvama Institutional Equities, AU Small Finance Bank’s Q4 results missed expectations connected in installments costs, and nan bank's nett liking separator (NIM) was besides soft. It said Mahindra & Mahindra Financial Services missed connected nett liking income (NII) owed to anemic disbursal maturation and elevated in installments costs. Havells India posted a beardown hit connected each counts successful Q4FY25, while HCL Technologies’ March 4th results were mostly successful statement pinch Street expectations, nan brokerage noted successful its review.

Nuvama suggested target prices of Rs 530 for AU SFB, Rs 280 for M&M Financial, Rs 1,890 for Havells India, and Rs 1,700 for HCL Tech.

Published on: Apr 23, 2025 10:09 AM IST