Stocks to watch on Monday, April 22: This Saturday, HDFC Bank will release its Q4 earnings.
Watch these stocks on Monday, April 22: Gift Nifty futures gained 152.8 points, or 0.69 percent, and traded at 22,281.5 points at 8:14 a.m. The buying of financial stocks helped the domestic blue-chip indices, the Nifty50 and Sensex, recover strongly on Friday, April 19, after falling for four straight sessions. Earlier in the day, the stock market had plunged into negative territory due to the growing tensions between Iran and Israel.
The BSE Sensex gained 599.34 points, or 0.83 percent, to close at 73,088.33, while the blue-chip NSE Nifty 50 gained 151.15 points, or 0.69 percent, to settle at 22,147.
Here are some stocks that will be in focus on Monday, April 22:
HDFC Bank: The private sector lender will announce its Q4 results on Saturday.
Persistent Systems: The IT company will announce its Q4 results on Sunday.
Dr. Reddy’s Laboratories: The pharma company announced the roll-out of its condition management program DailyBloomTM IBS, India’s first integrated care plan for Irritable Bowel Syndrome (IBS).
Jio Financial Services: Jio Financial Services on April 19 reported a net profit of Rs 310 crore for the January-March quarter of the financial year 2023-24.
IREDA: The company posted good Q4 results with net interest income and PAT increasing 35.1 percent and 32.6 percent, respectively. Also, asset quality at the company logged an improvement on a QoQ basis.
BEPL: The company reported good March quarter earnings with the margin increasing to 15.9 percent as against 6.7 percent in the previous quarter.
Voltas: Global brokerage has double-upgraded the stock to ‘buy’ from the earlier ‘neutral’ call and a target price of Rs 1800. The brokerage is of the view that the company will surprise on market share in the room air conditioner segment, reaching 23% in FY26E vs 19.5% for consensus.
GSPL: Nomura downgraded the stock from ‘buy’ to ‘underperform’ and has slashed the target to Rs 320 from the earlier Rs 405. The Petroleum and Natural Gas Regulatory Board (PNGRB) sharply cut GSPL’s high-pressure transmission tariff by 47 percent to Rs 0.7/scm. Further, it added that the authorized tariffs were much below Street’s estimates. Also, it has sharply cut FY25-26F EBITDA by 37 percent/42 percent & EPS by 34 percent/40 percent.
MCX: From April 23, the trading in crude oil and natural gas mini options will start.
Lupin: The company in the US has launched the 25 mg Mirabegron Extended-Release Tablet.
Vodafone Idea: The company’s FPO will close. On the second day of subscription, the QIB portion was subscribed 0.93x. while the NII portion received bids for 0.75x.
Zomato: As per reports, there has been a hike in platform fees in a few of the cities from Rs 4 to Rs 5. The hike has been effected in cities like NCR, Mumbai, and Bengaluru.
Pilani Investment/Kalyani Investment/Summit Securities: The price of holding and investment companies will see a price improvement. For better price discovery, the market watchdog SEBI has come up with a proposal.
Ramakrishna Forgings: Tesla has put the powertrain component supply on hold for the time being. Earlier, the approval for the same was granted on April 18
Catch the latest stock market updates, all the Latest news is here. For all other news related to business, politics, tech, and auto, visit todaysheadlines.news
