Stocks to watch on April 16th: Wipro, Ashoka Buildcon, National Fertilizers, Vodafone Idea

Stocks to watch on April 16th: Wipro, Ashoka Buildcon, National Fertilizers, Vodafone Idea

Stocks to watch on April 16th: On Friday, both Sensex and Nifty continue their bullish trend in the stock market from the last session of the market. The Sensex is trading above 48,900 levels and nifty trading above 14,600 levels in the stock market. The Sensex gained 164.62 points with a 0.33% increase and reached 48,967.34 levels. While the nifty gained 87.60 points with a 0.60% increase and reached 14,674.25 levels.

On the other side, the number of coronavirus cases in India on Friday, April 16th reached 1,42,91,917 with almost 1,74,308 deaths.

Wipro Limited: On Thursday, the company reported its Q4 results for the financial year 2021-22. The companies consolidated net profit increased by 28% to Rs. 2,972.30 crores as against Rs. 2,873.70 crores estimations from the analysts. While the companies total revenue from operations increased by 3.40% YoY to Rs. 16,245.40 crores.

However, the shares of Wipro Limited on Friday reported a bullish trend in the stock market. It gained 33.20 points with a 7.71% increase and reached 463.60 INR. While in BSE, the company gained 32.10 points with a 7.45% increase and reached 462.55 INR.

Vodafone Idea Limited: After the show-cause notice from the department of telecom for the non-payment of license fees in seven circles. Now the company made a full payment with interest to the telecom authority of India.

However, the shares of Vodafone Idea Limited on Friday reported a bearish trend in the stock market. It lost 0.050 points with a 0.56% decrease and reached 8.90 INR. While in BSE, the company lost 0.060 points with a 0.67% decrease and reached 8.87 INR.

Ashoka Buildcon Limited: The company on Thursday received a Letter of Award (LoA) from Gujarat Rail Infrastructure Development Corporation for electrification works in the Ahmedabad division of Western Railways. The initial project estimation at Rs. 333.62 crores.

However, the shares of Ashoka Buildcon Limited on Friday reported a bullish trend in the stock market. It gained 8.00 points with a 9.00% increase and reached 96.85 INR. While in BSE, the company gained 7.85 points with an 8.83% increase and reached 96.80 INR.

Balaji Amines Limited: The company received an ‘AA’ rating from India Ratings for the long-term issuer. While the company outlook at stable from negative.

However, the shares of Balaji Amines Limited on Friday reported a bullish trend in the stock market. It gained 11.65 points with a 0.63% increase and reached 1,873.05 INR. While in BSE, the company gained 11.80 points with a 0.63% increase and reached 1,875.25 INR.

National Fertilizers Limited: The company board decided and approved the fundraising of Rs. 250.87 crores via preferential issue of equity shares. The board also fixed its floor price of Rs. 500 per share.

However, the shares of National Fertilizers Limited on Friday reported a bullish trend in the stock market. It gained 1.15 points with a 2.10% increase and reached 55.90 INR. While in BSE, the company gained 1.00 points with a 1.83% increase and reached 55.75 INR.

Tata Communications Limited: During the quarter, the ace investor Rakesh Jhunjhunwala’s wife Rekha sold almost 2.50 lakh equity shares in the company. After this, the total stakes hold by her declined to 1.04% from 1.12% earlier.

However, the shares of Tata Communications Limited on Friday reported a bullish trend in the stock market. It gained 5.15 points with a 0.52% increase and reached 1,120.10 INR. While in BSE, the company gained 6.35 points with a 0.57% increase and reached 1,120.55 INR.

Amarjothi Spinning Mills Limited: The company board members decided and approved the purchase of land admeasuring 3 acres and 88.50 cents from Jaichander Wind Farms Private Limited for Rs. 15,62,000.

However, the shares of Amarjothi Spinning Mills Limited on Friday reported a bullish trend in the stock market. It gained 3.15 points with a 3.16% increase and reached 102.70 INR. While in BSE, the company gained 3.15 points with a 3.16% increase and reached 102.70 INR.

ISGEC Heavy Engineering Limited: During the March quarter, Goldman Sachs raised stakes in the company to 1.88% from 1.33% earlier.

However, the shares of ISGEC Heavy Engineering Limited on Friday reported a bullish trend in the stock market. It gained 30.65 points with a 6.48% increase and reached 503.90 INR. While in BSE, the company gained 30.65 points with a 6.48% increase and reached 503.90 INR.

Top Gainers on April 16th: Wipro, Adani Ports, UltraTech Cement, BPCL, and M&M are the top gainers in today’s stock market.

Top Losers on April 16th: ICICI Bank, HUL, Reliance Industries, Axis Bank, and TCS are the top losers in today’s stock market.

The post Stocks to watch on April 16th: Wipro, Ashoka Buildcon, National Fertilizers, Vodafone Idea appeared first on Stock Investor.

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