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Stocks to watch: HCL Tech, Bajaj Finance, ACC, Clean Science, Asian Paints

Here are the top stocks that are likely to be in focus today: Earnings today: A total of 33 companies are set to report their Q1FY22 results today including Asian Paints, Bajaj Finance, Network 18 Media, and Shyam Metaliks. While the Street is a 90 per cent jump in Asian Paint s revenues at Rs 5,550 crore, they peg EBITDA at Rs 1,105 crore, up 130 per cent, on a low base. As regards Bajaj Finance, analysts expect the NBFC s net profit to rise anywhere between 30-90 per cent YoY, in the range of Rs 1,250-1,850 crore. HCL Technologies: The company s first-quarter numbers were propelled by cloud and digital transformation deals. Net profit for the quarter at Rs 3,214 crore was up 9.9 per cent year-on-year and 8.5 per cent sequentially. Although, it did not meet the consensus estimate of analysts tracked by Bloomberg at Rs 3,425 crore. Further, Shiv Nadar has stepped down as the managing director and board member of HCL Technologies. He will now take on the role of Chairman Emeritus

Consumer Durables shares edge higher

Consumer Durables stocks were trading in the positive zone, with the S&P BSE Consumer Durables index rising 139.82 points or 0.39% at 36172.21 at 09:50 IST. Among the components of the S&P BSE Consumer Durables index, Orient Electric Ltd (up 4.35%), Crompton Greaves Consumer Electricals Ltd (up 1.82%), Titan Company Ltd (up 0.68%), and Rajesh Exports Ltd (up 0.28%), were the top gainers. On the other hand, Vaibhav Global Ltd (down 1.5%), Voltas Ltd (down 1.02%), and Amber Enterprises India Ltd (down 0.77%) moved lower. At 09:50 IST, the S&P BSE Sensex was down 391.41 or 0.74% at 52748.65. The Nifty 50 index was down 100.45 points or 0.63% at 15822.95. The S&P BSE Small-Cap index was up 11.65 points or 0.04% at 26473.96.

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