SGX Nifty was buying and selling within the optimistic territory surging almost 100 factors increased earlier than the opinion bell on Dalal Road, hinting at a gap-up begin for home markets. Nonetheless, on the charts, the quick time period development is anticipated to bumpy for Sensex and Nifty. “The lack to point out any significant upside bounce or failing to maintain the highs put up upside bounce may very well be a reason for concern and this will not be an excellent signal for bulls. Usually, this motion might finally lead to a decisive draw back breakout of the help/vary within the close to time period,” mentioned Nagaraj Shetti, Technical Analysis Analyst, HDFC Securities. Analysts counsel going for stock-specific trades at this juncture.
ICICI Financial institution: The personal sector lender reported a large 260% soar in internet income throughout the January-March quarter when in comparison with the earlier yr. The Financial institution has stored extra provisions for the pandemic which is in step with what HDFC Financial institution did. ICICI Financial institution additionally introduced a dividend of Rs 2 per share.
HCL Applied sciences: IT main HCL Applied sciences posted a 5.7% soar in whole income over the past quarter however internet earnings was down 25% from the earlier quarter and 6% down from the earlier yr. For this fiscal yr, HCL Applied sciences mentioned that its income is anticipated to develop in double digits in fixed forex for FY’22. HCL Applied sciences has additionally introduced an interim dividend of Rs 6 per fairness share and a particular interim dividend of Rs 10 per fairness share of for FY 2021- 22.
ONGC: The oil ministry has advised ONGC to promote stake in producing oil fields corresponding to to Ratna R-Collection to non-public corporations, get international companions in KG basin gasoline fields, monetise current infrastructure, and hive off drilling and different companies right into a separate agency to lift manufacturing.
Hathway Cable: Mukesh Ambani’s Jio Content material Distribution Holdings, Jio Web Distribution Holdings, and Jio Cable and Broadband holdings shall be promoting an 11.61% stake or 20.5 crore fairness shares in Hathway Cable. The ground value for the OFS is Rs 21.5 per share.
Outcomes right now: Tech Mahindra, HDFC Life Insurance coverage, SBI Playing cards and Cost Companies, Castrol India, Alok Industries. Roselands Finance, Snowman Logistics, Schaeffler India, and Tata Teleservices (Maharashtra) are a number of the firms that can report their quarterly numbers right now.