On April 18, the Sensex closed 64.55 points or 0.11% higher at 59,632.35. The Nifty ended 5.70 points or 0.03 percent up at 17,624.50. As 1858 shares advanced, 1548 shares declined, and 125 shares were unchanged.
2/11
Tata Communications | CMP: Rs 1,226 | Shares rose nearly 3 percent after the company recorded strong topline and bottomline numbers for FY23, though there was pressure on the operating profit margin. The digital ecosystem enabler has recorded a massive 21.2 percent growth in consolidated profit at Rs 1,796 crore for FY23, the highest in its history, compared to the previous year, with a profit margin expansion of 120 bps at 10.06 percent for the year.
3/11
NTPC Limited | CMP: Rs 169.60 | on reports that the power generator is expecting to commission 3.5 GW of capacity by 2030 from its two nuclear plants under construction. The state-run company is also working with the Bhabha Atomic Research Centre and the Department of Atomic Energy to develop smaller reactors which can be set up quickly.
4/11
Alok Industries | CMP: Rs 12 | Shares ended 6 percent lower following weak March quarter earnings with revenues down and losses deepened. On a consolidated basis, the total revenue of the company fell to Rs 1,569.72 crore during the quarter from Rs 2,031.44 crore a year back. Losses for the quarter also surged over 10-fold to Rs 297.55 crore from Rs 26.76 crore in Q4FY22.
Jindal Steel and Power Ltd | CMP: Rs 585.50 | Expectations of a pick-up in steel demand from China and softer coking coal prices helped shares of JSPL to edge up. China is the biggest consumer of steel in the world while coking coal is used to make steel products. Capital market analysts at CLSA said that it prefers the shares of JSPL and Tata Steel, driving the shares up.
6/11
Mastek Ltd | CMP: Rs 1,767.15 | The scrip ended 11 percent higher following a 5.3 percent sequential growth in constant currency terms in Q4 FY23. The performance has stunned the Street at a time when its larger peers TCS and Infosys reported muted numbers for the quarter. The smallcap IT services firm clocked a 13 percent sequential growth in consolidated profit at Rs 72.6 crore, driven by growth in topline and operating income. Revenue for the quarter grew 7.7 percent sequentially to Rs 709.2 crore.
7/11
Paytm | CMP: Rs 656.80 | Shares gained 2 percent after Motilal Oswal Securities gave a 'buy' rating with a target price of Rs 865 per share, representing a 34 percent increase from the current market price. Despite a slight slowdown due to Covid-19, Paytm has shown strong growth in its Gross Merchandise Value (GMV), with a Compound Annual Growth Rate (CAGR) of 55 percent from FY19-23. After Covid, the GMV has picked up significantly, clocking a CAGR of 81 percent from FY21-23.
8/11
ICICI Securities | CMP: Rs 439 | after the company posted a 22.8 percent on-year decline in its net profit for the quarter ended March. The company's net profit came at Rs 262.7 crore for the January-March period as against Rs 340 crore during the corresponding quarter a year ago. ICICI Securities attributed the decline to an increase in the cost of funds and franchises along with a rise in spending on technology.
Adani Ports and Special Economic Zone Ld | CMP: Rs 668 | after the company announced that its board will meet on Saturday to consider the first and partial buyback of its certain debt securities, effective in the current financial year, the company has said. The securities will be denominated either in Indian rupee or in US dollar, subject to market conditions, one of India's leading port and logistics companies said in an exchange filing.
10/11
Tata Motors Ltd Fully Paid Ord. Shrs | CMP: Rs 475.50 | Shares ended in the green after the company-owned British luxury carmaker, Jaguar Land Rover (JLR) announced on April 19 that it planned to increase its investments in electric vehicles (EVs). With an investment of 15 billion pounds ($19 billion) over the next five years, JLR has promised its first new electric Jaguar in 2025. The company also announced that JLR’s Halewood plant in Merseyside, UK, to become an all-electric manufacturing facility
11/11
Metro Brands | CMP: Rs 847.60 |Shares rose 6 percent after consolidating for eight straight sessions. The stock formed a robust bullish candlestick on the daily charts, a healthy sign. The rally also pushed Metro Brands decisively above 50 and 100-day exponential moving averages (EMA), which is another positive sign. The stock has never breached its 200-day exponential moving average (Rs 764) on a closing basis, which acted as strong support.
