Stocks to watch on April 29th: IndiaMart, Trident, ONGC, Tata Communications

Stocks to watch on April 29th: IndiaMart, Trident, ONGC, Tata Communications

Stocks to watch on April 29th: On Thursday, both Sensex and Nifty continue their bullish trend from the last three sessions of the stock market. The Sensex is trading above 49,700 levels and nifty trading above 14,850 levels in the stock market. The Sensex gained 20.53 points with a 0.041% increase and reached 49,758.94 levels. While the nifty gained 14.55 points with a 0.098% increase and reached 14,879.35 levels.

On the other side, the number of coronavirus cases in India on Thursday, April 29th reached 1,83,76,524 with almost 2,04,832 deaths.

Tata Communications Limited: On Wednesday, the company reported its Q4 results for the financial year 2021-22. The companies net profit increased to Rs. 299.23 crores as against a loss of Rs. 274.99 crores in the same quarter last year. But the companies revenue declined to Rs. 4,073.25 crores as against Rs. 4,397.89 crores in the same period last year.

However, the shares of Tata Communications Limited on Thursday reported a bearish trend in the stock market. It lost 30.55 points with a 2.66% decrease and reached 1,119.60 INR. While in BSE, the company lost 28.85 points with a 2.51% decrease and reached 1,119.05 INR.

IndiaMart InterMesh Limited: On Wednesday, Tradezeal Online a wholly-owned subsidiary company decided to buy 26% stakes in Shipway Technology. Besides, the company also decided to buy 3.02% stakes in Truckhall, with this the total shares held by the company reached 25.02%.

However, the shares of IndiaMart InterMesh Limited on Thursday reported a bearish trend in the stock market. It lost 82.15 points with a 0.94% decrease and reached 8,623.00 INR. While in BSE, the company lost 105.40 points with a 1.21% decrease and reached 8,615.00 INR.

Trident Limited: The company on Wednesday issued commercial papers worth Rs. 50 crores.

However, the shares of Trident Limited on Thursday reported a bearish trend in the stock market. It lost 0.15 points with a 0.71% decrease and reached 13.90 INR. While in BSE, the company lost 0.10 points with a 0.71% decrease and reached 13.90 INR.

Security and Intelligence Services Limited: On Wednesday, the company reported its Q4 results for the financial year 2021-22. The company reported a net profit of Rs. 102.20 crores as against a loss of Rs. 3.90 crores in the same quarter last year. While the companies revenue during the quarter raised to Rs. 2,445.20 crores as against Rs. 2,209.70 crores in the same quarter last year.

However, the shares of Security and Intelligence Services Limited on Thursday reported a bullish trend in the stock market. It gained 3.75 points with a 1.04% increase and reached 363.65 INR. While in BSE, the company gained 3.95 points with a 1.10% increase and reached 363.90 INR.

KPIT Technologies Limited: On Wednesday, the company reported its Q4 results for the financial year 2021-22. The company reported a higher net profit of Rs. 47.04 crores as against Rs. 42.97 crores in the same quarter last year. While the companies total revenue during the quarter stood at Rs. 540.30 crores as against Rs. 517.20 crores in the same quarter last year.

However, the shares of KPIT Technologies Limited on Thursday reported a bullish trend in the stock market. It gained 3.60 points with a 1.85% increase and reached 197.60 INR. While in BSE, the company gained 3.60 points with a 1.85% increase and reached 197.85 INR.

GHCL Limited: On Tuesday, the company reported its Q4 results for the financial year 2021-22. The companies net profit increased to Rs. 104.19 crores as against Rs. 79.89 crores in the same quarter last year. While the companies revenue during the quarter raised to Rs. 813.82 crores as against Rs. 733.17 crores in the same quarter last year.

However, the shares of GHCL Limited on Thursday reported a bullish trend in the stock market. It gained 2.45 points with a 1.04% increase and reached 238.45 INR. While in BSE, the company gained 2.10 points with a 0.89% increase and reached 238.10 INR.

EPL Limited: The shares of the company sold by Smallcap World Fund Inc for Rs. 221.51 per share with almost 31,36,773 equity shares via the open market.

However, the shares of EPL Limited on Thursday reported a bearish trend in the stock market. It lost 0.70 points with a 0.33% decrease and reached 225.75 INR. While in BSE, the company lost 0.75 points with a 0.31% decrease and reached 225.65 INR.

ONGC Limited: On Thursday, the company informed to the exchange that the LGN project in Mozambique had been put on hold due to force majeure.

However, the shares of ONGC Limited on Thursday reported a bullish trend in the stock market. It gained 0.050 points with a 0.048% increase and reached 103.95 INR. While in BSE, the company gained 0.15 points with a 0.14% increase and reached 104.00 INR.

Top Gainers on April 29th: JSW Steel, Bajaj Finserv, Tata Steel, Bajaj Finance, and Dr. Reddy’s Laboratories are the top gainers in today’s stock market.

Top Losers on April 29th: Hero Motocorp, HCL Technologies, SBI, Tata Consumer Products, and M&M are the top losers in today’s stock market.

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