Infosys, HDFC Bank, Tinplate, Brightcom, Vedanta, and Thermax are stocks to keep an eye on.

  • April 13, 2022, 12:21 p.m.

The key benchmark indices are likely to start trading on a quiet note amid mixed global cues. While the US markets pared gains and slipped into red last night, Asian markets were mostly up this morning. Today, Infosys results and the extended weekend factor could weigh on the market sentiment. As of 07:20 AM, the SGX Nifty April futures were quoted at 17,560 as against the spot Nifty close of 17,530 yesterday.

Earnings Watch: Infosys, Den Networks, and Lesha Industries to announce results today. Over the extended holiday weekend, Alok Textiles, Oriental Hotels, Welcure Drugs, HDFC Bank, ICICI Prudential Life, and Integrated Capital Services are some of the notable companies to announce Q4 results.

HDFC Bank: The private sector lender is hopeful that the proposed merger with HDFC, its parent, will pave the way for its entry into global indices such as the MSCI and FTSE. The bank, in its investor presentation, has made a case, citing an example of Saudi Aramco, even though the oil giant had a free float of just 0.5 percent. 

Nykaa: Falguni Nayar, the chief executive officer and founder of beauty supply company Nykaa, was named the EY Entrepreneur of the Year for 2021 on Tuesday. Nayar will now represent India at the EY World Entrepreneur of the Year Award on June 9. 

AdvantaThe company’s chairman, Anil Agarwal, on Tuesday said that the company, in partnership with Foxconn, will set up a semiconductor manufacturing plant in the next two years. He termed the signing of the pact with Foxconn a "very big job" and said that the semiconductor industry will promote other sectors like automobiles and electronics in the country. 

The Tinplate Company of India: The company reported a 103.7 per cent surge in Q4 FY22 net profit at Rs 114.42 crore, as against Rs 56.16 crore in Q4 FY21. Total income also jumped 62.3 percent, to Rs 1,238.36 crore, from Rs 762.86 crore.

Anand Rathi's Wealth: The company reported a more than three-fold jump in Q4 net profit at Rs 34.80 crore for the quarter ended March 31, 2022, when compared with Rs 10.09 crore in the corresponding quarter a year ago. Total income was up 49.4 percent YoY at Rs 114.75 crore, from Rs 76.81 crore in the same period.

Hathway Cable & Datacom: The company’s Q4 FY22 net profit plunged 58.5 percent YoY to Rs 7 crore, as against Rs 16.86 crore in Q4 FY21. Total income also declined by 2.1 percent, to Rs 162.84 crore, from Rs 166.36 crore.

Shriram City Union Finance has set a target of increasing its gold loan book by nearly four-fold, to Rs 20,000 crore in the next five years. The company hopes to achieve this through aggressive expansion in North India after the completion of the current merger process.

According to sources, the microfinance institution backed by private equity fund Kedaara and Padmaja Reddy, its founder and former managing director, are moving towards some understanding on the payment of dues and clearing of related party transactions. Sources said the conversations are ongoing between the company and Padmaja Reddy.

Thermax: The company has bagged an order worth Rs. 522 crore for utility boilers and associated systems for a grass-root refinery and petrochemical complex in Rajasthan. The order includes two units of 260 TPH high pressure utility boilers along with allied auxiliaries to be designed and manufactured by Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly-owned subsidiary of Thermax.

Brightcom: The company has partnered with Intent IQ to enhance its growth scale and tech capabilities in various areas of the Adtech industry. The company expects a significant increase in revenues of up to 30 per cent through this partnership. On April 12, the company

’s board decided to acquire 99 percent of Silvergrey Engineers, a partnership firm engaged in manufacturing and supplying parts and accessories to the defence equipment manufacturing industry. Furthermore, the board also announced its decision to diversify into real estate.

Tanvi Foods: The company’s board deferred its decision on the bonus share issue and other related business agenda at its board meeting on Tuesday.

The company informed BSE that Acuite Ratings & Research has assigned an ACUITE Provisional BBB-/Stable rating on the company’s long-term non-convertible debentures worth Rs 1,400 crore.

Stocks in the F & O ban: RBL Bank is the only stock in the F & O ban period on Wednesday.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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