Wipro, Birlasoft, Trent: Stocks to watch on Tuesday

Stocks to watch on Tuesday, April 30: At 8:01am, Gift Nifty futures traded higher by 49.45 or 0.22 per cent at 22,800, indicating a positive opening for the markets.

The Indian share market settled near the day's high on Monday, April 29, as post-result gains in ICICI Bank and SBI Life Insurance lifted heavyweight financials. The Nifty index gained 223.45 points, or one per cent, to end at 22,643.4, while Sensex jumped 941.12 points, or 1.28 per cent, to settle at 74,671.28.

Here are some stocks that will be in focus on Tuesday, April 30: 

Results on April 30: Cholamandalam Investment and Finance, Exide Industries, Indus Towers, Indian Oil Corporation, Havells India, REC, and IndiaMart Intermesh will announce their Q4 results.

Coromandel International: The company will set up its Rs 1,000 crore plus Phosphoric Acid & Sulphuric Acid Plants at Kakinada, Andhra Pradesh.

Trent: For the March quarter, the company reported a net profit of Rs 919.03 crore against Rs 63.77 crore in the year-ago period.

Wipro: The company announced the launch of its own Think Tank to help enterprise leaders and Wipro customers prepare for a future with emerging technologies.

Birlasoft:The IT company posted in-line result, with profit increasing 11.8 per cent. Nomura on Birlasoft maintained a buy call with the target slashed to Rs 860.

Can Fin Homes: The company posted in-line results with NII for Q4 coming in at 25.5 per cent, while profit rose 26 per cent. The disbursement on the other hand came in lower at 8.8 per cent.

SBFC Finance: In a block deal expected in the counter, 5.45 per cent stake shall be pared by the promoters. Eight45 and Arpwood will offload their entire stake at a consideration of Rs 536 crore.

NMDC: The company has increased the price of iron ore by 4-7 per cent.

KEC International: The company has bagged an order worth Rs 1036 crore in the railway, cable business.

RVNL: The company's JV has secured an order worth Rs 439 crore.

RITES: The company has got an order worth Rs 927 crore from the Bangladesh Railway.

(With inputs from agencies.)

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