Oil-linked stocks, IndiGo, TCS, JSW Infra, Sula Vineyards: Stocks to watch today

Stocks to watch on Tuesday, April 16: At around 8:05 am, Gift Nifty futures traded weak by 0.99 per cent or 220.3 points at 22,137, signalling weak start for D-Street.

Stock markets took a beating on Monday with benchmarks Sensex and Nifty tumbling over 1 per cent each as the escalating conflict in the Middle East and weak trends from global markets unnerved investors. Extending losses to the second session, the 30-share BSE Sensex tanked 845.12 points, or 1.14 per cent, to settle at a more than two-week low of 73,399.78. 

The NSE Nifty declined 246.90 points, or 1.10 per cent, to finish at 22,272.50.

Here are some stocks that will be in focus on Tuesday, April 16: 

TCS: Tata Consultancy Services (TCS) announced a new delivery centre in Londrina, Paraná, Brazil. This new centre will create more than 1,600 new job opportunities over the next five years, contribute to the local economy, and strengthen TCS’ presence in the region. 

JSW Infrastructure: JSW Infra re-appointed Arun Maheshwari as joint managing director and CEO of the company w.e.f. April 18, 2024.

Crisil: The company will announce its Q4 results on Tuesday. 

Sula Vineyards: The company acquired ND Wines Private Limited. The company executed a share purchase agreement with the shareholders of ND Wines Private Limited on April 12, 2024. 

ONGC, RIL, Oil India, MRPL and Chennai Petro: The centre has increased the windfall tax on crude oil to Rs 2800 per tonne.

Gujarat Gas/ IOC: The company has signed a non-binding agreement with Indian Oil Corporation for providing the latter’s alternate fuels at the outlets of Gujarat Gas.

Jio Financial Services: The company has entered into a 50:50 JV with Blackrock for establishing a wealth management and brokerage company. Interestingly, the company already maintains an association with the company for its AMC business.

Interglobe Aviation, Spicejet: Indigo’s market share in March has increased month-on-month to 60.5 per cent as against 60.1 per cent in the previous month. While for Spicejet it has also risen marginally to 5.3 per cent month-on-month.

Vedanta: The company has taken a fresh loan of Rs 3900 crore from the PFC for a tenure of 11 years. Additionally, as per Bloomberg, the diversified metals company will aggregate Rs 2500 crore via issuance of rupee-denominated bonds and for the same it is working with JP Morgan. 

Happy Forgings: The company has bagged a new order worth Rs 500 crore from the global manufacturer. Accordingly, the company will make a supply of Rs 60-70 crore on an annual basis.

VST Industries: Veteran investor RK Damani bought 2.33 lakh or 1.5 per cent shares at an average price of Rs 3689.96 per share. HDFC Mutual Fund, on the other hand, sold 3.3 lakh or 2.1 per cent shares at Rs 3690 per share.

Marksans Pharma: Massachusetts Institute bought 66 lakh shares at Rs 158 per share. 

Aditya Birla Capital: The company will make a big announcement today at 11:45 am in the presence of the Group chairman Kumar Mangalam Birla and CEO Vishakha Mulye.

Bharti Hexacom: Global brokerage Jefferies has initiated its view with a buy and target of Rs 1080 per share.

Varun Beverages: Morgan Stanley on the brokerage has initiated its coverage with an overweight rating and target of Rs 1701.(With inputs from agencies.)

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