After initially opening in the red zone, both the Nifty (rising by 414.16 points) and Sensex (gaining 1508.91 points) closed in the green on April 17. Among the Nifty’s 50 stocks, 44 saw gains. Another positive development was the rupee strengthening by 27 paise against the US dollar, despite ongoing tariff tensions. Amidst these market movements, here are five stocks worth monitoring closely for the upcoming week.
Five Stocks to Watch in the Coming Week
Wipro (NSE: WIPRO)
While IT sector clients remain cautious amid macroeconomic uncertainty, Wipro stands out with a strong Q4 performance for FY 24-25. The company reported a net profit of ₹3,569.60 crores, which is 25.93% higher than Q4 of the previous financial year. Not only did profits increase, but revenue also surged by 1.33% to ₹22,208.30 crores compared to the same quarter of the previous FY.
Other than financials, the company has sealed a 500 million deal with Phoenix Group, and the partnership will remain in place for the next 10 years. Moreover, the company has also expanded its product portfolio by launching AI-driven autonomous agents for Agentforce.
Key details of Wipro Ltd. stocks:
| Closing Price (as of April 17, 2025) | ₹236.90 |
| Trading Volume | 54,875,421 |
| Company Type | Small cap |
| Market Cap | ₹2,48,092 crores |
| Beta | 1.03 |
Swaraj Engines Ltd. (NSE: SWARAJENG)
Mahindra & Mahindra-owned Swaraj Engines has ended the financial year 2024–25 on a positive note. The company has reported a net profit of ₹45 crore, marking a 29% increase compared to the same quarter of FY 2023–24. Considering the performance, the company has also recommended a dividend of ₹104.50 for FY 2024–25. If approved by the board, it will be paid on July 15, 2025.
Swaraj Engines has also performed quite well on the price chart. The company has delivered a return of 31.89% over the past 30 days. Even within the one-week period, it achieved returns of 12.50%.
Key details of Swaraj Engines stocks:
| Closing Price (as of April 17, 2025) | ₹4,137 |
| Trading Volume | 1,06,163 |
| Company Type | Smallcap |
| Market Cap | ₹5,025 crores |
| Beta | 1.04 |
Indian Renewable Energy Development Agency (NSE: IREDA)
IREDA has shown exceptional performance in Q4 of FY 24-25. The company reported a year-on-year growth of 49% to ₹502 crore, contrasting with the same quarter of FY 23-24. In Q4 of FY 25, the company also earned a net interest income of ₹1,862 crores.
On the price chart, the company delivered a 25.50% return over a 30-day period and 12.51% in one week. This performance was driven by several factors, including external commercial borrowing of ¥26 billion from SBI Tokyo to expand its global market presence. Additionally, the company recently raised ₹910.37 crores through a Tier 2 bond issuance.
Key details of Indian Renewable Energy Development Agency stocks:
| Closing Price (as of April 17, 2025) | ₹173.41 |
| Trading Volume | 18,860,517 |
| Company Type | Midcap |
| Market Cap | ₹46,608 crores |
| Beta | 1.54 |
Waaree Renewable Technologies (NSE: WAAREERTL)
Waaree Renewables has reported strong Q4 results on April 17. The company posted a net profit of ₹93.76 crore, up by 83% compared to ₹51.31 crore in the same quarter of FY23-24. This surge followed a 74% year-on-year rise in revenue from core operations, with the figure standing at ₹476.57 crores.
Waaree Renewable was in the buzz due to recent orders. The company has recently bagged an order worth ₹740 crores for a solar power project. It has also received a Rs 40 crore order for a 40MWh battery storage system.
Key details of Waaree Renewable stocks:
| Closing Price (as of April 17, 2025) | ₹1,107.20 |
| Trading Volume | 29,69,356 |
| Company Type | Smallcap |
| Market Cap | ₹11,542 crores |
| Beta | -2.65 |
HDFC Life Insurance (NSE: HDFCLIFE)
HDFC Life Insurance has reported a net profit of ₹475 crores, marking a 15% year-on-year growth. The net premium income for Q4 of FY 24-25 has also surged to ₹23,842 crores. Considering this performance, the company has recommended a dividend of 2.1%, subject to shareholder approval.
On the price chart, HDFC Life shares have performed strongly. Over the past month, they delivered a return of 14.39%, and in the past week, a return of 4.37%.
Key details of HDFC Life stocks:
| Closing Price (as of April 17, 2025) | ₹720.05 |
| Trading Volume | 31,05,731 |
| Company Type | Largecap |
| Market Cap | ₹1,55,025 crores |
| Beta | 0.73 |
Conclusion
The stock market is highly volatile, and no stock, whether in trading or investing, can guarantee returns. It is important to analyse the company’s financials, balance sheet, promoter’s holdings, and historical performance during periods of market turmoil. You must also analyse the current market trends and government announcements to ensure you pick the right stock for trading or investing.
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