Stocks to watch on April 22nd: Nestle India, SBI, TV18 Broadcast, Swaraj Engines

Stocks to watch on April 22nd: Nestle India, SBI, TV18 Broadcast, Swaraj Engines

Stocks to watch on April 22nd: On Thursday, 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 47,500 levels and nifty trading below 14,300 levels in the stock market. The Sensex lost 214.84 points with a 0.45% decrease and reached 47,498.10 levels. While the nifty lost 43.70 points with a 0.31% decrease and reached 14,253.10 levels.

On the other side, the number of coronavirus cases in India on Thursday, April 22nd reached 1,59,30,965 with almost 1,84,657 deaths.

Nestle India Limited: On Wednesday, the company reported its quarterly results for the financial year 2021-22. The companies consolidated net profit increased by 14.60% to Rs. 602.20 crores as against Rs. 525.40 crores in the same quarter last year. While the companies total revenue during the quarter increased to Rs. 3,610.80 crores as against Rs. 3,325.80 crores in the same period last financial year.

However, the shares of Nestle India Limited on Thursday reported a bearish trend in the stock market. It lost 206.35 points with a 1.21% decrease and reached 16,889.00 INR. While in BSE, the company lost 215.00 points with a 1.26% decrease and reached 16,889.65 INR.

State Bank of India: On Tuesday, the bank said to the exchange that IRDAI imposed a penalty of Rs. 25 lakh on SBI General Insurance for non-compliance obligations under Motors Third Part Business.

However, the shares of the State Bank of India on Thursday reported a bearish trend in the stock market. It lost 0.35 points with a 0.11% decrease and reached 329.10 INR. While in BSE, the company lost 0.40 points with a 0.12% decrease and reached 329.20 INR.

Swaraj Engines Limited: On Wednesday, the company reported its Q4 results for the financial year 2021-22. The companies net profit increased to Rs. 32.60 crores as against Rs. 15.80 crores in the same quarter last year. While the companies total revenue during the quarter increased to Rs. 304.90 crores as against Rs. 175.10 crores in the same period last financial year.

However, the shares of Swaraj Engines Limited on Wednesday reported a bullish trend in the stock market. It gained 63.30 points with a 4.62% increase and reached 1,433.95 INR. While in BSE, the company gained 80.15 points with a 5.89% increase and reached 1,440.30 INR.

Voltas Limited: On Monday, April 19th, the Life Insurance Corporation of India (LIC) acquired almost 46,000 equity shares in the company, with this the total stakes in the company reached 5.01% from 4.99% earlier.

However, the shares of Voltas Limited on Thursday reported a bullish trend in the stock market. It gained 2.60 points with a 0.28% increase and reached 944.10 INR. While in BSE, the company gained 6.20 points with a 0.66% increase and reached 947.15 INR.

TV18 Broadcast Limited: On Wednesday, the company reported its Q4 results for the financial year 2021-22. The company reported a higher profit during the quarter at Rs. 251.00 crores as against Rs. 142.00 crores in the same quarter last year. But the companies revenue during the quarter declined by 5.40% to Rs. 1,348.00 crores and Operating margins increased by 16% to Rs. 279 crores in Q4FY21.

However, the shares of TV18 Broadcast Limited on Thursday reported a bullish trend in the stock market. It gained 2.45 points with an 8.89% increase and reached 30.00 INR. While in BSE, the company gained 2.50 points with a 9.07% increase and reached 30.05 INR.

Federal Bank Limited: The bank board members decided and approved the appointment of Damodaran C as a new Chief Risk Officer of the bank for a period of 3 years.

However, the shares of Federal Bank Limited on Thursday reported a bearish trend in the stock market. It lost 1.10 points with a 1.53% decrease and reached 70.95 INR. While in BSE, the company lost 1.10 points with a 1.53% decrease and reached 71.00 INR.

Salasar Techno Engineering Limited: The company bagged new orders worth Rs. 27.45 crores and Rs. 20.25 crores from Rajasthan Rajya Vidyut Prasaran Nigam for construction of 220KV and 132KV transmission lines.

However, the shares of Salasar Techno Engineering Limited on Thursday reported a bullish trend in the stock market. It gained 3.55 points with a 0.79% increase and reached 450.55 INR. While in BSE, the company gained 3.55 points with a 0.79% increase and reached 450.55 INR.

Network18 Media & Investments Limited: On Wednesday, the company reported its Q4 results for the financial year 2021-22. The companies net profit increased to Rs. 205.80 crores as against Rs. 60.19 crores in the same quarter last year. But the companies revenue during the quarter declined by 3.40% to Rs. 1,414.70 crores as against Rs. 1,464.51 crores in the same period last financial year.

However, the shares of Network 18 Media & Investments Limited on Thursday reported a bullish trend in the stock market. It gained 0.50 points with a 1.30% increase and reached 39.10 INR. While in BSE, the company gained 0.45 points with a 1.17% increase and reached 38.95 INR.

Top Gainers on April 22nd: Tata Steel, Wipro, Dr. Reddy’s Laboratories, SBI Life Insurance, and BPCL are the top gainers in today’s stock market.

Top Losers on April 22nd: Shree Cements, IndusInd Bank, Titan Company, HUL, and Mahindra & Mahindra are the top losers in today’s stock market.

The post Stocks to watch on April 22nd: Nestle India, SBI, TV18 Broadcast, Swaraj Engines appeared first on Stock Investor.

Original Article

Published
Categorized as Stock