Stocks in Focus on April 16: Wipro, Auto Stocks, NFL, Philip Carbon to Tata Power; here are the 5 Newsmakers of the Day
Key equity barometers reversed intraday losses and ended with decent gains on Thursday, April 15, 2021. The S&P BSE Sensex gained 259.62 points or 0.53% to 48,803.49. The Nifty 50 index added 76.65 points or 0.53% to close at 14,581.45.
Key equity barometers reversed intraday losses and ended with decent gains on Thursday, April 15, 2021. The S&P BSE Sensex gained 259.62 points or 0.53% to 48,803.49. The Nifty 50 index added 76.65 points or 0.53% to close at 14,581.45. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Friday, April 16, 2021. List of such five stocks:
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WIPRO: IT services company Wipro has reported a 0.1 per cent quarter-on-quarter rise in its consolidated profit at Rs 2,972 crore in the quarter ended March 31, 2021. The company has posted a consolidated profit of Rs 2,968 crore in the quarter ended December 31, 2021. The consolidated revenue from operations of the company rose 3.7 per cent at Rs 16,245 crore in Q4FY21 as against Rs 15,670 crore posted in Q3FY21. The dollar revenue grew by 3.9% at $215.2 crore against $15,670 crore posted in the previous quarter. The IT services' earnings before interest and tax (EBIT) grew 0.1% to Rs 3,328 crore in the reported quarter against Rs 3,326 crore posted in the previous quarter. The margin contracted to 20.5% in Q4FY21 against 21.2% posted in Q3FY21. The revenue growth in constant currency stood at three per cent for the fourth quarter of fiscal 2020-21 and the top-line growth in dollar terms was at 3.9 per cent. Providing its outlook for the quarter ended June 30, 2021, i.e. Q1FY21, the company said, we expect Revenue from our IT Services business to be in the range of 2-4%. This does not include revenue from our recently announced acquisitions of Capco and Ampion. Attrition stood at 12.1%. The company’s management said, all key markets are now growing on a YoY basis and this provides us with a solid foundation to build on next year growth rates.
Auto Stocks:
Tata Motors/M&M/Bajaj Auto/Force Motors: Following the guidelines issued by the Maharashtra government, the auto plants have scaled down their operations including capacity utilisation. The restrictions will crimp monthly output by 30-40%.
Bajaj Auto: The Pune-based automaker on Thursday stopped accepting bookings for its electric scooter Chetak due to uncertainties in the supply chain. The bookings of the battery-powered two-wheeler were reopened on Tuesday morning. It received a good response on the auspicious day of Gudi Padwa.
Ashok Leyland: The company and Hinduja Leyland Finance Limited (a subsidiary of the Company) has jointly incorporated a Company, “Gro Digital Platforms Limited”. GDPL is incorporated to carry on the business of freight mobility and associated services relating to fleet owners.
NFL: DIPAM has issued a request for proposal (RFP) for legal advisors, merchant banker and selling brokers. Government has plans to sell 20% stakes in the company.
Phillip Carbon Black: NEW DELHI: Seasoned investor Ashish Kacholia has bought 1.45% stakes in Philips Carbon Black in the March quarter.
Tata Power: Government’s e-Governance arm, Common Service Centre (CSC), has announced a collaboration with Tata Power to set up solar-powered microgrids and water pumps in rural areas across the country.
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