Here are the top stocks that are likely to be in focus today:
Earnings Today: Tata Consultancy Services, HDIL, California Software, Cupid Trades & Finance and Lloyds Metals and Energy will announce their quarterly earnings on April 12. Analysts expect TCS to post 9 per cent YoY growth in March quarter revenue aided by certain large deals such as Postbank and Prudential Financial, ramp-up in multiple $50-100 million deals won in the preceding quarter, and strong demand in areas of cloud and customer experience.
Infosys: The company on Sunday said its board will consider a buyback proposal at its meeting on April 14.
Barbeque Nation: UTI Mutual Fund acquired 1.77 per cent equity stake in casual dining restaurant chain operator Barbeque Nation via open market operations on April 8, taking its total shareholding in the company to 5.01 per cent.
Shares of Neuland Laboratories hit a new high of Rs 2,425 as it rallied 6 per cent on the BSE in intra-day trade on Tuesday. The stock has surged 16 per cent in the past three trading days. Thus far in the calendar year 2021, the stock of the pharmaceutical company has zoomed 121 per cent as compared to a 3 per cent rise in the S&P BSE Sensex. Chennai-based ace investor Dolly Khanna acquired 161,336 equity shares, representing a 1.26 per cent stake, in Neuland Laboratories during the quarter ended March 2021 (Q4FY21), according to the shareholding pattern filed by the company. Dolly Khanna held nil or less than one per cent stake in Neuland Laboratories at the end of the December quarter.
Shares of Heranba Industries slipped 3 per cent to hit a new low of Rs 606.55 on the BSE in intra-day trade on Tuesday, falling below its issue price of Rs 627 per share. The stock of agrochemicals company was trading at its lowest level since listing on March 5. It has now corrected 36 per cent from its high of Rs 944.95 touched on its debut day. Shares of Heranba Industries had made a strong debut on the bourses with the stock listing at Rs 900, a 43.5 per cent premium over its issue price. The initial public offer of the Gujarat-based firm was subscribed 83 times. The institutional investor portion was subscribed 67 times, the wealthy investors portion by 271 times and the retail investors quota 11 times.
Read more about SAIL hits over 2-yr high on clocking best quarterly production, sales in Q4 on Business Standard. Aided by a healthy Q4FY21 performance, SAIL reported its best-ever annual sales volume during the financial year 2020-21
Here are the top stocks that are likely to be in focus today:
Auto stocks: Shares of auto companies will be in focus as they are set to unveil their March sales figures today. Demand sentiments across segments (ex 2W) remains unaffected, despite second concurrent lockdown in certain parts, said analysts at Prabhudas Lilladher.
Central Bank of India: The lender said it has cancelled an agreement to sell its stake in housing finance subsidiary to Centrum.
Axis Bank: The private sector bank has entered into a share purchase agreement for sale of 100 per cent stake in its subsidiary, Axis Bank UK Ltd, to OpenPayd Holdings.