Markets are expected to start Tuesday’s session on a dismal note amid weak global sentiment. As of 7:30 a.m., SGX Nifty futures were trading at 17,251 levels, about 20 points lower than their previous close.
In the meantime, here are a few stocks that could see action in the market today:
Results: ACC, L&T Infotech, Mastek, Tata Steel Long Products, PCBL, Benares Hotels, Godavari Drugs and Longview Tea Company will announce their quarterly results today.
Mindtree: Mindtree reported a 49% increase in net profit year-on-year (YoY) in the fourth quarter of fiscal year 2021-22 due to growing demand for cloud services and digital transformation agreements, as well as the reduction of the size of the chords. Net profit rose to Rs 473 crore in the fourth quarter, representing a sequential increase of 8%. Read more
Manappuram Finances: The Reserve Bank of India (RBI) has fined non-banking financial firm Manappuram Finance more than Rs 17 lakh for breaching KYC guidelines as well as standards for prepaid payment instruments. Read here
Maruti: The country’s largest automaker, Maruti Suzuki India (MSI), said it has hiked prices across its entire model range, between 0.9% and 1.9%, effective immediately. The decision comes on the back of rising input costs. Read more
Wipro: The Computer Science major has appointed Satya Easwaran as Country Head for India.
AU Small Financial Bank: The company will report fourth quarter results on April 26 and may consider issuing bonuses.
Sanofi India: The company has appointed Rodolfo Hrosz as an additional director and managing director of the company, effective June 1 for a period of three years.
TVS Motor Company: According to reports, Jwalamukhi Investment Holdings sold 3,262,840 shares of the company through open market transactions. These shares were sold at an average price of Rs 650 per share on the NSE.
Asahi Songwon Colors: The company has acquired a 78% stake in Atlas Life Sciences, a manufacturer of bulk pharmaceutical ingredients (API). The acquisition was in cash for Rs 48 crore and includes a fully operational WHO GMP certified manufacturing plant in Odhav, Ahmedabad, R&D facility, head office and a plot of land in Chhatral.
Rail Vikas Nigam: The company has entered into a Memorandum of Understanding (MoU) with Mahanadi Coalfields (MCL), a subsidiary of Coal India. MCL awarded Rail Vikas a project management consultancy contract for rail infrastructure works, from design to commissioning.
SJVN: The company has achieved financial close by signing a loan agreement of Rs 494 crore with Himachal Pradesh State Co-Operative Bank for the development of 66 MW Dhaulasidh HEP (DSHEP), Himachal Pradesh.
Indraprastha gas: The company has received approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) to
development of the town gas distribution network in the geographical area of the districts of Banda, Chitrakoot and Mahoba in Mumbai.
IDFC Limited: The shares become ex-date today for an interim dividend of Rs 1 each.
Stocks under F&O prohibition: Tata Power is the only company to ban F&O today.