HDFC Bank, Persistent Systems, Dr Reddy's Labs: Stocks to watch on Monday

Stocks to watch on Monday, April 22:  At around 8:14 am, Gift Nifty futures added 152.8 points or 0.69 per cent and traded at 22,281.5 points. After falling for four straight sessions, domestic blue-chip indices Nifty50 and Sensex staged a strong recovery on Friday, April 19 aided by buying in financial stocks after the stock market nosedived into negative territory, succumbing to the escalating tensions between Iran and Israel in early deals.

The blue-chip NSE Nifty 50 gained 151.15 points or 0.69 per cent to settle at 22,147, while the BSE Sensex added 599.34 points or 0.83 per cent to close at 73,088.33. 

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 programme 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 per cent and 32.6 per cent, respectively. Also, asset quality at the company logged an improvement on a QoQ basis.

BEPL: The company reported good March quarter earnings with margin increasing to 15.9 per cent as against 6.7 per cent 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 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 per cent to Rs 0.7/scm. Further, it added that the authorised tariffs much below Street’s estimates. Also, it has sharply cut FY25-26F EBITDA by 37 per cent/42 per cent & EPS by 34 per cent/40 per cent.

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 NII portion received bids for 0.75x.

Zomato:  As per reports, there has been made a hike in platform fees in few of the cities from Rs 4 to Rs 5. The hike has been effected in ciites like NCR, Mumbai and Bengaluru.

Pilani Investment/Kalyani Investment/Summit Securities: The price of holding and investment companies will see an improvement in price. 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

(With inputs from agencies.) 

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