Bajaj Auto, Infosys, ITC, Wipro, HDFC AMC: Stocks to watch today
Stocks to watch on Friday, April 19: Bajaj Auto company reported a net profit of Rs 2,011.43 crore against Rs 1,704.74 crore year-on-year (YoY).
Stocks to watch on Friday, April 19: At 8:28 am, Gift Nifty futures traded with a steep cut of 1.48 per cent or 327.2 at 21,728, indicating subdued opening for the markets today. Equity benchmark indices Sensex and Nifty faced heavy volatility on Thursday and ended lower, taking their losing streak to the fourth straight session, dragged by bank stocks and foreign fund outflows. Concerns over fading rate cut hopes, and the persisting FII fund exodus from domestic equities also dampened investors' sentiment.
The 30-share BSE Sensex declined abruptly post-noon, reflecting heavy fluctuations and wiping out all its early gains. It tanked 454.69 points or 0.62 per cent to settle at 72,488.99. The NSE Nifty declined 152.05 points or 0.69 per cent to 21,995.85. It hit a high of 22,326.50 and a low of 21,961.70 during the day.
Here are some stocks that will be in focus on Friday, April 19:
Bajaj Auto: The two-wheeler company reported a net profit of Rs 2,011.43 crore against Rs 1,704.74 crore year-on-year (YoY). The company's revenue for the quarter under review stood at Rs 11,554.95 crore against Rs 8,929.23 crore a year ago.
Infosys: The IT company reported a 28.1 per cent increase in the net profit to Rs 7,969 crore for the quarter ended on March 31 against Rs 6,106 crore in the December quarter. The company reported weak results as well as guidance.
ITC: ITC’s arm, ITC Infotech, will acquire 100 per cent share capital of Blazeclan Technologies for Rs 485 crore.
APL Apollo Tubes: The company received a tax order of Rs 2,92,10,398 from the Tamil Nadu State Tax Officer.
CONCOR: Container Corporation of India Ltd (CONCOR) and PSA MESA Supply Chain signed a Memorandum of Understanding (MoU) to collaborate in offering seamless and cost-effective end-to-end logistics service to customers.
UNO Minda: The NCD committee approved raising funds of Rs 100 crore in the first tranche.
Oil-related stocks including OMCs, paints, tyres and aviation: Amid geo-political tension, crude oil has spiked more than 3 per cent.
GMR Airport: In its monthly business update, the company said that passenger traffic during the month soared 10 per cent on year to 1.07 crore, while over the FY24, passenger traffic climbed 20 per cent on year to 12.08 crore.
Insurance companies: Among insurance companies, new business premium during March grew at the highest rate for LIC, up 26.4 per cent on year, followed by SBI Life.
Tata Motors: The company has plans to import JLR electric cars within the ambit of lower tax policy.
Gokaldas Exports: The company's QIP has been launched at a floor price of Rs 789.99 per share. The company through the QIP will mop up Rs 600 crore.
HUDCO: The company has been accorded a 'Navratna' status from the Public Enterprise Department.
Wipro, HDFC AMC: These companies will release their quarterly numbers today.
(With inputs from agencies.)
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