Stocks to watch on May 3rd: Reliance, IndusInd Bank, Maruti Suzuki, TCS, Eicher Motors

Stocks to watch on May 3rd: Reliance, IndusInd Bank, Maruti Suzuki, TCS, Eicher Motors

Stocks to watch on May 3rd: On Monday, both Sensex and Nifty continue their bearish trend in the stock market from the last session of the market. The Sensex is trading below 48,500 levels and nifty trading below 14,550 levels in the stock market. The Sensex lost 357.62 points with a 0.73% decrease and reached 48,419.59 levels. While the nifty lost 88.10 points with a 0.60% decrease and reached 14,543.00 levels.

On the other side, the number of coronavirus cases in India on Monday, May 3rd reached 1,99,25,604 with almost 2,18,959 deaths.

Reliance Industries Limited: On Friday, the company reported its Q4 results for the financial year 2021-22. The company reported a higher profit at Rs. 13,227 crores as against Rs. 6,348 crores in the same quarter last year. While the companies revenue increased to Rs. 1,54,896.00 crores as against Rs. 1,39,535.00 crores in the same period last year.

However, the shares of Reliance Industries Limited on Monday reported a bearish trend in the stock market. It lost 37.00 points with a 1.86% decrease and reached 1,957.50 INR. While in BSE, the company lost 37.70 points with a 1.89% decrease and reached 1,957.20 INR.

IndusInd Bank Limited: On Friday, the bank reported its Q4 results for the financial year 2021-22. The bank’s net profit increased to Rs. 876.00 crores as against Rs. 301.80 crores in the same quarter last year. While the bank’s net interest income increased to Rs. 3,534.60 crores as against Rs. 3,231.20 crores in the same period last year.

However, the shares of IndusInd Bank Limited on Monday reported a bullish trend in the stock market. It gained 2.80 points with a 0.30% increase and reached 937.60 INR. While in BSE, the bank gained 2.95 points with a 0.30% increase and reached 937.80 INR.

Tata Consultancy Services Limited: The company board members decided and approved Samir Seksaria as a new Chief Financial Officer (CFO) effective from May 1st.

However, the shares of Tata Consultancy Services Limited on Monday reported a bullish trend in the stock market. It gained 3.20 points with a 0.074% increase and reached 3,037.90 INR. While in BSE, the company gained 1.65 points with a 0.05% increase and reached 3,037.30 INR.

Tata Motors Limited: On Monday, the company reported its quarterly sales in April 2021. The company sales declined by 40.60% to 41,739 vehicles as against 70,263 vehicles in March 2021.

However, the shares of Tata Motors Limited on Monday reported a bearish trend in the stock market. It lost 2.15 points with a 0.73% decrease and reached 291.70 INR. While in BSE, the company lost 2.15 points with a 0.73% decrease and reached 291.80 INR.

Maruti Suzuki Limited: On Saturday, the company reported its quarterly sales in April 2021. The company sales declined to 1,59,691 vehicles as against 1,67,014 vehicles in March 2021.

However, the shares of Maruti Suzuki Limited on Monday reported a bullish trend in the stock market. It gained 102.35 points with a 1.59% increase and reached 6,558.00 INR. While in BSE, the company gained 100.20 points with a 1.55% increase and reached 6,565.00 INR.

Eicher Motors Limited: On Saturday, the company reported its VE Commercial sales during the month of April 2021. The company sales declined to 2,145 units as against 7,037 units in March 2021.

However, the shares of Eicher Motors Limited on Monday reported a bearish trend in the stock market. It lost 22.15 points with an 0.91% decrease and reached 2,399.05 INR. While in BSE, the company lost 21.45 points with an 0.88% decrease and reached 2,399.75 INR.

Procter & Gamble Health Limited: The shares of the company sold by LIC India via the open market. Now the total shares held by the LIC to 3.81% from 5.82% earlier.

However, the shares of Procter & Gamble Health Limited on Monday reported a bearish trend in the stock market. It lost 28.00 points with an 0.44% decrease and reached 6,345.35 INR. While in BSE, the company lost 28.00 points with an 0.44% decrease and reached 6,345.35 INR.

Trent Limited: On Saturday, the company reported its Q4 results for the financial year 2021-22. The companies net profit increased to Rs. 17.44 crores as against Rs. 3.21 crores in the same quarter last year. While the companies total revenue during the quarter raised to Rs. 905.55 crores as against Rs. 842.93 crores in the same quarter last year.

However, the shares of Trent Limited on Monday reported a bullish trend in the stock market. It gained 5.60 points with a 0.73% increase and reached 782.15 INR. While in BSE, the company gained 4.55 points with a 0.59% increase and reached 781.80 INR.

Top Gainers on May 3rd: SBI Life Insurance, HUL, Maruti Suzuki, Hindalco Industries, and Tata Steel are the top gainers in today’s stock market.

Top Losers on May 3rd: Titan Company, Reliance Industries, ONGC, Axis Bank, and ICICI Bank are the top losers in today’s stock market.

The post Stocks to watch on May 3rd: Reliance, IndusInd Bank, Maruti Suzuki, TCS, Eicher Motors appeared first on Stock Investor.

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