Stocks to watch on April 28th: Info Edge, Bajaj Finance, Britannia, TVS Motor

Stocks to watch on April 28th: Info Edge, Bajaj Finance, Britannia, TVS Motor

Stocks to watch on April 28th: On Wednesday, both Sensex and Nifty continue their bullish trend from the last two sessions of the stock market. The Sensex is trading above 49,400 levels and nifty trading above 14,500 levels in the stock market. The Sensex gained 480.87 points with a 0.98% increase and reached 49,423.22 levels. While the nifty gained 124.05 points with a 0.85% increase and reached 14,777.25 levels.

On the other side, the number of coronavirus cases in India on Wednesday, April 28th reached 1,79,97,267 with almost 2,01,187 deaths.

Axis Bank Limited: On Tuesday, the bank reported its Q4 results for the financial year 2021-22. The bank reported a net profit of Rs. 2,677.00 crores as against a loss of Rs. 1,388.00 crores in the same quarter last year. While the bank’s net interest income increased to Rs. 7,555.00 crores as against Rs. 6,808.00 crores in the same period last year.

However, the shares of Axis Bank Limited on Wednesday reported a bearish trend in the stock market. It lost 9.35 points with a 1.34% decrease and reached 690.25 INR. While in BSE, the bank lost 8.70 points with a 1.27% decrease and reached 690.60 INR.

HDFC AMC Limited: On Tuesday, the company reported its Q4 results for the financial year 2021-22. The company reported a net profit of Rs. 316.10 crores as against Rs. 250.00 crores in the same quarter last year. While the companies total revenue during the quarter stood at Rs. 503.00 crores as against Rs. 476.10 crores in the same quarter last year.

However, the shares of HDFC AMC Limited on Wednesday reported a bearish trend in the stock market. It lost 61.95 points with a 2.16% decrease and reached 2,804.00 INR. While in BSE, the company lost 61.25 points with a 2.14% decrease and reached 2,803.15 INR.

Info Edge Limited: The company decided to sell stakes in Zomato Limited through an offer for sale (OFS) worth Rs. 750 crores.

However, the shares of Info Edge Limited on Wednesday reported a bullish trend in the stock market. It gained 94.95 points with a 1.92% increase and reached 5,045.00 INR. While in BSE, the company gained 101.85 points with a 2.06% increase and reached 5,046.35 INR.

Britannia Industries Limited: On Tuesday, the company reported its Q4 results for the financial year 2021-22. The companies profit declined to Rs. 360.10 crores as against Rs. 372.30 crores in the same quarter last year. While the companies revenue during the quarter raised to Rs. 3,130.70 crores as against Rs. 2,867.70 crores in the same quarter last year.

However, the shares of Britannia Industries Limited on Wednesday reported a bearish trend in the stock market. It lost 32.75 points with a 0.92% decrease and reached 3,508.45 INR. While in BSE, the company lost 32.15 points with a 0.91% decrease and reached 3,509.15 INR.

Bajaj Finance Limited: On Tuesday, the company reported its Q4 results for the financial year 2021-22. The company reported a higher net profit of Rs. 1,347.00 crores as against Rs. 948.00 crores in the same quarter last year. While the companies net interest income during the quarter stood at Rs. 4,659.00 crores as against Rs. 4,684.00 crores in the same quarter last year.

However, the shares of Bajaj Finance Limited on Wednesday reported a bullish trend in the stock market. It gained 232.95 points with a 4.76% increase and reached 5,096.50 INR. While in BSE, the company gained 224.50 points with a 4.61% increase and reached 5,097.45 INR.

ABB India Limited: On Tuesday, the company reported its Q4 results for the financial year 2021-22. The companies net profit increased to Rs. 141.00 crores as against Rs. 64.60 crores in the same quarter last year. While the companies revenue during the quarter raised to Rs. 1,629.10 crores as against Rs. 1,522.20 crores in the same quarter last year.

However, the shares of ABB India Limited on Wednesday reported a bullish trend in the stock market. It gained 9.25 points with a 0.67% increase and reached 1,393.60 INR. While in BSE, the company gained 10.50 points with a 0.76% increase and reached 1,395.30 INR.

Lux Industries Limited: The shares of the company acquired by Nippon India Large Cap Fund for Rs. 1,875.00 per share with almost 2.50 lakh equity shares via the open market.

However, the shares of Lux Industries Limited on Wednesday reported a bullish trend in the stock market. It gained 47.60 points with a 2.52% increase and reached 1,938.15 INR. While in BSE, the company gained 46.35 points with a 2.45% increase and reached 1,939.85 INR.

TVS Motor Company Limited: On Tuesday, the company reported its Q4 results for the financial year 2021-22. The company reported a net profit of Rs. 289.24 crores as against Rs. 73.87 crores in the same quarter last year. While the companies revenue during the quarter stood at Rs. 5,321.93 crores as against Rs. 3,481.42 crores in the same quarter last year.

However, the shares of TVS Motors Limited on Wednesday reported a bullish trend in the stock market. It gained 78.70 points with a 13.90% increase and reached 645.00 INR. While in BSE, the company gained 79.35 points with a 14.01% increase and reached 645.00 INR.

Top Gainers on April 28th: Bajaj Finance, Eicher Motors, Bajaj Auto, Bajaj Finserv, and IndusInd Bank are the top gainers in today’s stock market.

Top Losers on April 28th: Hindalco Industries, JSW Steel, Axis Bank, Britannia Industries, and Tata Steel are the top losers in today’s stock market.

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