Stocks to watch on April 26th: ICICI Bank, Reliance, HCL Tech, APL Apollo Tubes

Stocks to watch on April 26th: ICICI Bank, Reliance, HCL Tech, APL Apollo Tubes

Stocks to watch on April 26th: On Monday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last session of the market. The Sensex is trading above 48,500 levels and nifty trading above 14,500 levels in the stock market. The Sensex gained 668.03 points with a 1.40% increase and reached 48,545.36 levels. While the nifty gained 178.80 points with a 1.25% increase and reached 14,519.15 levels.

On the other side, the number of coronavirus cases in India on Monday, April 26th reached 1,73,13,163 with almost 1,95,123 deaths.

ICICI Bank Limited: On Saturday, the bank reported its quarterly results for the financial year 2021-22. The bank’s consolidated net profit increased to Rs. 4,402.60 crores as against Rs. 1,221.40 crores in the same quarter last year. While the bank’s net interest income during the quarter increased to Rs. 10,431.00 crores as against Rs. 8,928.00 crores in the same period last financial year.

However, the shares of ICICI Bank Limited on Monday reported a bullish trend in the stock market. It gained 30.80 points with a 5.40% increase and reached 600.75 INR. While in BSE, the company gained 30.90 points with a 5.42% increase and reached 600.15 INR.

HCL Technologies Limited: On Friday, the company reported its Q4 results for the financial year 2021-22. The company reported a lower profit at Rs. 2,962.00 crores as against Rs. 3,982.00 crores in the previous quarter. While the company expects that the revenue will be double in the coming quarters due to strong book order.

However, the shares of HCL Technologies Limited on Monday reported a bearish trend in the stock market. It lost 23.90 points with a 2.47% decrease and reached 932.00 INR. While in BSE, the company lost 22.85 points with a 2.39% decrease and reached 932.95 INR.

Reliance Industries Limited: The company and BP announced the production in Satellite Cluster gas filed in the Block KG D6 off the east coast of India.

However, the shares of Reliance Industries Limited on Monday reported a bullish trend in the stock market. It gained 47.75 points with a 2.51% increase and reached 1,952.80 INR. While in BSE, the company gained 48.50 points with a 2.55% increase and reached 1,952.50 INR.

Shalby Limited: The promoters of the company decided to sell 58.10 lakh equity shares through an offer for sale (OFS) on April 26th and April 27th respectively. The floor price for OFS fixed at Rs. 111 per equity share.

However, the shares of Shalby Limited on Monday reported a bearish trend in the stock market. It lost 0.65 points with a 0.56% decrease and reached 114.40 INR. While in BSE, the company lost 0.85 points with a 0.74% decrease and reached 114.30 INR.

Ramkrishna Forgings Limited: The company started its operations for the production of almost 7,000 tonnes from its plant located in Saraikala, Jamshedpur, with this the total production of the plant reached 17,000 tonnes per annum.

However, the shares of Ramkrishna Forgings Limited on Monday reported a bullish trend in the stock market. It gained 14.00 points with a 2.75% increase and reached 522.25 INR. While in BSE, the company gained 13.45 points with a 2.64% increase and reached 522.65 INR.

TCI Finance Limited: The board members appointed Santhosh Kumar as the new chief financial officer of the company.

However, the shares of TCI Finance Limited on Monday reported a bullish trend in the stock market. It gained 0.60 points with a 9.84% increase and reached 6.70 INR. While in BSE, the company gained 0.23 points with a 4.50% increase and reached 5.34 INR.

Cosmo Ferrites Limited: The company board decided and approved to raise the capacity of its ferrites manufacturing plant from 2,400 MT to 3,600 MT per annum.

However, the shares of Cosmo Ferrites Limited on Monday reported a bullish trend in the stock market. It gained 1.15 points with a 5.00% increase and reached 24.15 INR. While in BSE, the company gained 1.15 points with a 5.00% increase and reached 24.15 INR.

APL Apollo Tubes Limited: The shares of the company acquired by Smallcap World Fund with almost 4,59,295 equity shares via the open market on April 22nd. The total shareholding in the company stood at 5.04%.

However, the shares of APL Apollo Tubes Limited on Monday reported a bearish trend in the stock market. It lost 10.35 points with a 0.81% decrease and reached 1,266.20 INR. While in BSE, the company lost 10.35 points with a 0.81% decrease and reached 1,266.20 INR.

Top Gainers on April 26th: ICICI Bank, Axis Bank, Bajaj Finance, SBI, and UltraTech Cement are the top gainers in today’s stock market.

Top Losers on April 26th: HCL Technologies, Britannia Industries, Cipla, Tech Mahindra, and Hero Motocorp are the top losers in today’s stock market.

The post Stocks to watch on April 26th: ICICI Bank, Reliance, HCL Tech, APL Apollo Tubes appeared first on Stock Investor.

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