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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. ....
MUMBAI: State-owned NMDC has announced a dividend of Rs 7.76 per equity share, the company’s board approved Thursday. “The Board of Directors of the Company at its meeting held on 11th March 2021, inter alia, declared interim dividend at the rate of Rs.7.76 (Rupees Seven and Seventy-Six Poise Only) per equity share of the face value of Re. 1 /- each for the financial year 2020-21,” the company said in a BSE Filing. The interim dividend shall be paid as per the provisions of the Companies Act, 2013. This comes at a time when the country is facing an acute shortage of iron ore due to reduced production from mining companies in Odisha and logistical issues due to the pandemic-led lockdown. The prices of iron ore globally surged to a nearly 10-year high and went up by around 63 per cent in India. ....
Despite the recent recovery from the last week s low, Nifty is still having bearish formation of lower top and lower bottom formation on the daily charts. Unless Nifty closes above 15,180, trend would be considered bearish. However, the trend of midcap and smallcap stocks has been strong and stock specific bullishness is likely to continue. Supports for the Nifty are seen at 14,760 and 14,638. Stock recommendation: BUY Torrent Power (390) | Target: Rs 420 | Stop-loss: Rs 370 The stock registered new all-time high in February 2021 by surpassing the multi-month consolidation. Volumes went up significantly during the price breakout. Power sector, too, has been outperforming for last one month and the trend is likely to continue in the coming days. The stock price is forming higher tops and higher bottoms. Besides, the stock has been trading above all important moving average parameters. Indicators and oscillators like RSI, MACD and DMI have turned bullish on short term ....
NMDC share rises 3% as firm resumes work at Donimalai mine The public sector enterprise resumed production of iron ore in Donimalai after it suspended mining in December 2018, due to a legal battle with the Karnataka government over the issue of imposition of premium on the sale price of the iron ore BusinessToday.In | February 19, 2021 | Updated 13:23 IST NMDC stock is trading higher than 5, 20, 50, 100 and 200-day moving averages. The stock rose 7.9% in the last 4 days NMDC share was trading 3% higher in Friday s volatile session after the state-owned company resumed production of iron ore from Donimalai mine in Karnataka. The public sector enterprise resumed production of iron ore in Donimalai after it suspended mining in December 2018, due to a legal battle with the Karnataka government over the issue of imposition of premium on the sale price of the iron ore. ....
Here are the top stocks that are likely to be in limelight today: IDFC First Bank: The company said its board has okayed raising up to Rs 3,000 crore through various means. Oil India & Engineers India: These companies together will bid for acquiring 61.65 per cent stake of Bharat Petroleum Corporation Limited (BPCL) in Numaligarh Refinery Limited. Telecom stocks: Latest TRAI data showed that Airtel added as many as 5.5 million regularly paying users in December over the preceding month. Reliance Jio, meanwhile, added nearly 3.2 million subscribers and Vodafone Idea Ltd. lost 1.5 million subscribers. Aviation stocks: India s domestic air passenger traffic declined around 40 per cent to 7.7 million in January 2021 over the year-ago period, as per the monthly traffic data released by the aviation regulator, DGCA on Thursday. Budget carrier IndiGo flew the most number of passengers at 4.2 million with a market share of 54.30 per cent, followed by rival carrier Vistara. ....