Stocks to watch on April 12th: TCS, Jubilant Foodworks, Tata Steel, Timken India

Stocks to watch on April 12th: TCS, Jubilant Foodworks, Tata Steel, Timken India

Stocks to watch on April 12th: On Monday, both Sensex and Nifty reported a bearish trend in the stock market after bullish reports in the last session of the market. The Sensex is trading below 48,100 levels and nifty trading below 14,400 levels in the stock market. The Sensex lost 1,530.03 points with a 3.09% decrease and reached 48,055.08 levels. While the nifty lost 459.80 points with a 3.07% decrease and reached 14,380.20 levels.

On the other side, the number of coronavirus cases in India on Monday, April 12th reached 1,35,27,717 with almost 1,70,179 deaths.

Tata Consultancy Services Limited: The company board meeting will be held on Monday, April 12th to consider the audited financial results that ended on March 31st, 2021. The company may also decide the final dividend for the financial year.

However, the shares of Tata Consultancy Services Limited on Monday reported a bearish trend in the stock market. It lost 54.30 points with a 1.63% decrease and reached 3,267.00 INR. While in BSE, the company lost 55.20 points with a 1.66% decrease and reached 3,265.80 INR.

Solara Active Pharma Sciences Limited: On Saturday, the company board members decided and approved the amalgamation of Aurore Life Science, Empyrean Lifesciences, and Hydra Active Pharma Sciences. Whereas the amalgamation will help the company to become one of the largest API manufacturers.

However, the shares of Solara Active Pharma Sciences Limited on Monday reported a bullish trend in the stock market. It gained 94.95 points with a 7.25% increase and reached 1,477.70 INR. While in BSE, the company gained 109.10 points with a 7.96% increase and reached 1,479.95 INR.

Timken India Limited: The company shares acquired by HDFC Mutual Fund for Rs. 1,360 per share with almost 9.20 lakh equity shares via the open market. On the other side, the company shares sold by Tricot Investments for the same price with almost 17 lakh equity shares.

However, the shares of Timken India Limited on Monday reported a bearish trend in the stock market. It lost 28.75 points with a 2.08% decrease and reached 1,356.50 INR. While in BSE, the company lost 28.80 points with a 2.08% decrease and reached 1,356.90 INR.

Barbeque Nation Hospitality Limited: On Friday, the company shares acquired by UTI Mutual Fund almost 1.77% equity shares via the open market, with these the total holdings of the company reached 5.01%.

However, the shares of Barbeque Nation Hospitality Limited on Monday reported a bearish trend in the stock market. It lost 54.50 points with a 7.54% decrease and reached 669.00 INR. While in BSE, the company lost 54.80 points with a 7.59% decrease and reached 667.40 INR.

Balrampur Chini Mills Limited: The company received a ‘AA’ and ‘A1+’ rating from the ICRA research agency for both long-term and short-term credit ratings. However, the outlook of the company revised from Stable to Positive.

However, the shares of Balrampur Chini Mills Limited on Monday reported a bearish trend in the stock market. It lost 7.85 points with a 3.35% decrease and reached 226.45 INR. While in BSE, the company lost 7.55 points with a 3.23% decrease and reached 226.45 INR.

Jubilant Foodworks Limited: The US-based company Sands Capital Management LLC acquired almost 2.98% stakes in the company via the open market transaction. As a result, the total shares held by the Us-based company reached 7.02% from 5.00% respectively

However, the shares of Jubilant FoodWorks Limited on Monday reported a bearish trend in the stock market. It lost 91.90 points with a 3.19% decrease and reached 2,789.45 INR. While in BSE, the company lost 91.70 points with a 3.18% decrease and reached 2,785.30 INR.

Tata Steel Limited: Mutual Funds raised their shareholdings in the company from 10.05% to 11.58% respectively. Whereas the foreign portfolio investors also raised their stakes in the company from 16.87% to 18.56% respectively.

However, the shares of Tata Steel Limited on Monday reported a bearish trend in the stock market. It lost 20.85 points with a 2.32% decrease and reached 878.70 INR. While in BSE, the company lost 20.55 points with a 2.29% decrease and reached 880.30 INR.

JSW Steel Limited: The state-owned Life Insurance Corporation of India increased the stakes in the company from 4.02% to 4.80% in the name of LIC New Endowment Plus-Growth Fund.

However, the shares of JSW Steel Limited on Monday reported a bearish trend in the stock market. It lost 6.80 points with a 1.10% decrease and reached 614.20 INR. While in BSE, the company lost 6.60 points with a 1.06% decrease and reached 614.00 INR.

Top Gainers on April 12th: Cipla, Dr. Reddy’s Laboratories, Divi’s Laboratories, and Britannia Industries are the top gainers in today’s stock market.

Top Losers on April 12th: Tata Motors, IndusInd Bank, SBI, Bajaj Finance, and Adani Ports are the top losers in today’s stock market.

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