Stocks to watch, April 13, 2023: Infosys, TCS, AU Small Finance Bank, Lupin

Stocks to watch today: Domestic equities are expected to open in the red on April 13 amid negative global cues. US stocks ended lower in the overnight trade after minutes from the Federal Reserve's March policy meeting revealed concern among several members of the Federal Open Markets Committee (FOMC) regarding the regional bank liquidity crisis. However, cooler-than-expected inflation in March gave some solace. US CPI inflation came in at 5 per cent, which as per reports, was nearly a two-year low. 

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.3 per cent, largely pressured by a 1.5 per cent drop in Hong Kong tech stocks in the wake of the Financial Times reporting SoftBank was selling down its Alibaba stake, Reuters reported. That apart, Nifty futures on the Singapore Exchange (SGX), too, pointed at a gloomy start for the Indian indices as at 08:10 am, the SGX Nifty traded 0.09 per cent lower at 17,863.5 levels.

Here's a look at some of the stocks that may hog the limelight today: 

TCS: The IT giant will be on investors' radar as the company's fourth-quarter results missed analysts' expectations on most parameters and management commentary also sounded cautious. The Tata group IT major on April 12 reported a five per cent sequential increase in net profit to Rs 11,392 crore for the quarter ended March 2023. Its revenue grew 1.6 per cent to Rs 59,162 crore.

Infosys: After TCS, all eyes will be on Infosys today as the Salil Parekh-led company is slated to release its Q4 earnings later in the day.

RITES has received a work order for the PMC work from the Kerala Infrastructure Investment Fund Board (KIIFB) for their projects at an estimated fee of Rs 72 crore.

Lupin: The pharma major's arm Lupin Diagnostics has opened a regional reference laboratory in Bengaluru as part of the country-wide expansion of its diagnostics networks. Lupin currently has 25 such labs in the country.

AU Small Finance Bank: The Reserve Bank of India (RBI) on April 12 approved the reappointment of Sanjay Agarwal as Managing Director and CEO of AU Small Finance Bank.

SRF India: The company informed about the Board's approval for a project to create a Pharma Intermediates Plant for undertaking precursor processes for the production of Pharma products at Dahej. "It is hereby informed that the project has been commissioned and capitalised on 12th April 2023 at an aggregate cost of Rs 223 crore (approx.)," the company said.

BHEL: State-run PSUs Nuclear Power Corporation of India Ltd (NPCIL) and Bharat Heavy Electricals Ltd (BHEL) have entered into an MoU to jointly pursue business opportunities in the area of Nuclear Power Plants based on Pressurized Heavy Water Reactor (PHWR) technology. Under the MoU, BHEL and NPCIL will jointly explore opportunities for the development of Nuclear Power Projects with a view to reducing project gestation time.

Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Wednesday reported a 23 per cent jump in its profit after tax at Rs 42.7 crore during the three months ended March 2023. Total revenue rose by 28 per cent to Rs 146.8 crore during the period under review from Rs 114.6 crore in the quarter ended March 31, 2022.

NTPC: The state-owned firm said on April 13 it will raise Rs 3,000 crore for funding capital expenditure and loan refinancing, via non-convertible debentures on private placement.

Campus Activewear: The Company has acquired Land and Building from Marico Industries in Ponta Sahib (Himachal Pradesh) to expand its existing capacity for the manufacturing of semi-finished goods (Sole and /or Upper) and assembly of footwear.

HDFC Bank: The private sector lender on Wednesday announced that it has signed a "Master Inter Bank Credit Agreement" with the Export-Import Bank of Korea for a USD 300 million line of credit. The pact was signed by the two entities at GIFT City in Gujarat's capital Gandhinagar on Wednesday, said a release by the HDFC Bank.