CNBC-TV18's top stocks to watch out for on April 15

SUMMARY

The Indian market may see a gap-up opening on Thursday as the SGX Nifty was trading at 14,659.50 versus Nifty Futures' Tuesday close of 14,541. However, concerns over the impact of partial lockdowns in various states amid rising COVID-19 cases in the country may dampen investor sentiment.

By CNBC-TV18Apr 15, 2021 8:18:24 AM IST (Updated)

Wipro | The IT major will announce its March quarter earnings today.

Infosys | The company’s Q4FY21 consolidated profit fell 2.3 percent QoQ to Rs 5,076 crore, while revenue rose 1.5 percent QoQ to Rs 26,311 crore. The dollar revenue growth increased to $3,613 million from $3,516 million, QoQ. Its board approved up to Rs 9,200-crore buyback plan at Rs 1,750 per share.

HDFC Bank | The bank plans to raise up to Rs 50,000 crore during the next 12 months through issuing perpetual debt instruments, tier-II capital bonds and long-term bonds.

Tata Motors | The company’s global wholesales, including Jaguar Land Rover, increased 43 percent to 3,30,125 units in Q4FY21.

Maruti Suzuki India | The company has sold over 1.57 lakh CNG cars in FY21, its highest ever in a fiscal. It had sold 1,06,444 CNG units in 2019-20.

Bharti Airtel | The company announced a new corporate structure to sharpen its focus on driving the rapidly unfolding digital opportunities while enabling it to unlock value.

JSW Steel | The company’s subsidiary JSW Steel Italy S.r.l has completed the acquisition of 30.73 percent equity share capital of GSI Lucchini S.p.A. for 1 million euro.

Vedanta | 37.42 crore shares of the company were validly tendered in the voluntary open offer. Post this acquisition, the promoter shareholding in Vedanta Ltd will increase from the current 55.1 percent to 65.2 percent.

UPL | The Supreme Court of Queensland in Australia has dismissed a class action litigation against Advanta Seeds Pty Ltd, UPL’s subsidiary in Australia.

Aditya Birla Capital | The company and Sun Life (India) AMC will together sell a 13.5 percent stake Aditya Birla Sun Life AMC IPO.

National Fertilizers, RCF | The government will sell up to 20 percent stake in National Fertilizers and 10 percent in RCF through an offer for sale in the current fiscal.

NHPC | The company will form a joint venture with JKSPDCL, 'Ratle Hydroelectric Power Corporation Ltd', to implement an 850-megawatt (MW) hydroelectric project in the Chenab river basin.

Motherson Sumi Systems | Moody’s Investors Service revised the company’s rating outlook to ‘stable’ from ‘negative’ while affirming the Ba1 corporate family rating to Motherson Sumi Systems.

5paisa Capital | The company approved fresh capital raise of Rs 250.87 crore through preferential issue of equity shares and warrants at Rs 500 per share to a set of marquee investors, promoters and the promoter group.

Shipping Corporation of India | The company has appointed M/s Corporate Professionals Capital Pvt Ltd as the consultant for undertaking demerger, to hive off or transfer its non-core assets and “assets held for sale”.

Adani Enterprises | Adani Road Transport Ltd has incorporated a subsidiary company namely, Panagarh Palsit Road Pvt Ltd.

GE Power India | The company’s board approved the acquisition of 50 percent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore.

Tata Metaliks | The company’s net profit in Q4FY21 fell 2.66 percent to Rs 74.99 crore from Rs 77.04 crore, while revenue rose to Rs 663.64 crore from Rs 524.25 crore, YoY.