Stocks To Watch: Bajaj Finance, IndusInd Bank, SBI Cards, Vedanta, Zomato
Here are the stocks to watch in today's trade..
Stocks in Asia were mixed Tuesday amid an uptick in crude oil prices as the European Union and the U.S. weighed tougher sanctions against Russia for alleged atrocities in Ukraine during the ongoing war.
Japanese and Australian equities were volatile, while South Korea declined. U.S. futures fell after a positive close in Wall Street, aided by technology stocks. Markets are closed for holidays in Hong Kong and China.
Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose 0.58% to 18,202 points as of 6:30 a.m.
Commodities including oil and wheat advanced amid renewed fears about supply disruptions stemming from the war. Elsewhere, bitcoin rose above $46,500.
Here are the stocks to watch in today's trade:
Vedanta: The company achieved highest ever alumina production of 19.7 lakh tonnes while its aluminium output rose 15% year-on-year to 22.7 lakh tonnes, helped by operational efficiencies.
Reliance Industries: The company has received NCLT's approval for scheme of amalgamation of the company and Reliance Syngas.
Bajaj Finance: Reports 26% year-on-year growth in core assets under management in the fourth quarter of 2021-22. AUMs stood at Rs 1.97 lakh core as on March 31, 2022, compared to Rs 1.53 lakh crore a year ago. Core AUM, excluding IPO financing receivables, grew 26%.
Glenmark: The company approved repurchase of an aggregate principal amount of $75 million of bonds due in 2022 by way of on-market purchases at an early redemption amount plus accrued and unpaid interest.
SBI Card and Payment Services: Carlyle Group will raise upto Rs 2,560.60 crore ($339 million) by selling its sale in the company. It will sell 2.92 crore shares at Rs 851.50-876.75 each—a 2.9% discount to Monday’s closing price of Rs 876.75.
Zomato: Competition Commission of India will investigate Zomato and Swiggy after the National Restaurant Association of India complained of alleged contravention of rules by the two food-delivery companies. The CCI Director General will submit the report in 60 days.
Mindtree: To consider declaration of final dividend on April 18.
Moil: The company’s recorded a turnover of Rs 1,436 crore in FY22, a growth of 22% over the previous fiscal. That's marginally lower than the highest-ever turnover of Rs 1,441 crore in FY19.
BEML: The company’s provisional revenue from operations for FY22 crossed Rs 4,000 crore.
Muthoot Finance: To consider declaration of interim dividend on April 26.
Tata Consultancy Services: The company has entered into a strategic partnership with Payments Canada to facilitate real-time transactions in that country. The company has also signed a multi-year, cloud-computing contract with a large American company.
PCBL: Commissioned 7.3 MW power plant at Palei, Gujarat.
IndusInd Bank: The bank’s deposits rose 15% year-on-year to Rs 2.93 lakh crore in FY22. CASA ratio stood at 42.8% in FY22 against 41.8% in FY21. Net advances grew 13% to Rs 2.39 lakh crore.
Tata Elxsi: To consider declaration of final dividend on April 20.
Federal Bank: The bank’s customer deposits rose 8.9% year-on-year to Rs 1.63 lakh crore in FY22. CASA ratio stood at 37% in FY22 against 33.8% in FY21. Gross advances increased 9.5% to Rs 1.34 lakh crore.
Wockhardt: The company has appointed Pramod Gupta as the new chief financial officer with immediate effect after Deepak Madnani’s resignation.
Persistent: To consider declaration of final dividend on April 27.
Biocon: To consider declaration of final dividend on April 28.
Mahindra & Mahindra: Mahindra Electric introduces Alfa CNG Passenger, Cargo variants.
Hindustan Zinc: The company's mined metal output rose 3% year-on-year to 2,95,000 tonnes in the March quarter of FY22.
AU Small Finance Bank: The lender has clocked deposit growth of 46%/19% YoY/QoQ to Rs 52,585 crore in Q4 FY22. CASA ratio stood at 37.1% vs 23%/39% YoY/QoQ.
M&M Financial Services: Disbursement at Rs 3,932 crore, up 66% YoY in March. The disbursement for FY22 stands at Rs 27,466 crore, up 45% YoY. Collection efficiency at 109% in March 2022.
Offerings
The Securities and Exchange Board of India, or SEBI, has approved the initial public offering of Dharmaj Crop Guard and Venus Pipes and Tubes.
Pledged Shares Details
Eureka Forbes: Promoter Shapoorji Pallonji revoked a pledge of 12.35 crore shares on March 30 and created a pledge of 12.35 crore shares on March 31.
Insider Trades
Butterfly Gandhimathi Appliances: Promoter Group VMS Namasivayam sold 16,495 shares on March 31.
Mangalore Chemicals & Fertilizers: Promoter & Director Akshay Poddar bought 83,928 shares on March 31.
Titagarh Wagons: Promoter Titagarh Capital Management Services bought 3 lakh shares between March 29 and March 31.
Who's Meeting Whom
Home First Finance: To meet investors and analysts on April 5.
Mindtree: To meet investors and analysts on April 18.
Ujjivan Small Finance: To meet Kotak Mutual Fund on April 5.
Krsnaa Diagnostic: To meet Tata Mutual Fund on April 5.
Persistent: To meet investors and analysts on April 28.
Trading Tweaks
Record Date Final Dividend: ACC
Record Date Interim Dividend: Kama Holdings
Ex-Date Interim Dividend: Wipro
Move Into Short-Term ASM Framework: Andhra Paper