Stocks to watch on May 4th: L&T Technology, Tata Metaliks, Tata Chemicals, Home First Finance

Stocks to watch on May 4th: L&T Technology, Tata Metaliks, Tata Chemicals, Home First Finance

Stocks to watch on May 4th: 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.

L&T Technology Services Limited: On Monday, the company reported its Q4 results for the financial year 2021-22. The companies net profit stood at Rs. 204.80 crores as against Rs. 186.10 crores in the previous quarter ended in December. While the companies revenue increased to Rs. 1,446.60 crores as against Rs. 1,400.70 crores in the same period last year.

However, the shares of L&T Technology Services Limited on Tuesday reported a bearish trend in the stock market. It lost 213.45 points with a 7.59% decrease and reached 2,583.60 INR. While in BSE, the company lost 211.40 points with a 7.56% decrease and reached 2,583.75 INR.

Home First Finance Company Limited: On Monday, the company reported its Q4 results for the financial year 2021-22. The companies net profit increased to Rs. 31.00 crores as against Rs. 12.00 crores in the same quarter last year. While the companies total income increased to Rs. 136.00 crores as against Rs. 106.00 crores in the same period last year.

However, the shares of Home First Finance Limited on Tuesday reported a bullish trend in the stock market. It gained 23.30 points with a 4.79% increase and reached 512.00 INR. While in BSE, the company gained 23.60 points with a 4.83% increase and reached 512.35 INR.

Motherson Sumi Systems Limited: The companies wholly-owned subsidiary Motherson Rolling Stock Mexico has completed the acquisition of Bombardier Transportation for manufacturing of electrical wiring interconnection systems in Mexico.

However, the shares of Motherson Sumi Systems Limited on Tuesday reported a bullish trend in the stock market. It gained 6.75 points with a 3.01% increase and reached 222.20 INR. While in BSE, the company gained 6.45 points with a 2.99% increase and reached 222.15 INR.

Tata Metaliks Limited: On Monday, the company shares bought by Eam Emerging Markets Small Cap Fund LP for Rs. 1,179.42 per share with almost 1,67,334 equity shares. On the other side, the shares of the company sold by HDFC Mutual Fund for Rs. 1,254.57 per share with almost 1.80 lakh equity shares via the bulk deal.

However, the shares of Tata Metaliks Limited on Tuesday reported a bullish trend in the stock market. It gained 36.80 points with a 3.00% increase and reached 1,289.00 INR. While in BSE, the company gained 34.05 points with a 2.71% increase and reached 1,290.00 INR.

JSW Energy Limited: JSW Renew Energy, the wholly-owned subsidiary made an agreement with Solar Energy Corporation of India (SECI) for producing 540 MW capacity.

However, the shares of JSW Energy Limited on Tuesday reported a bullish trend in the stock market. It gained 1.45 points with a 1.31% increase and reached 111.90 INR. While in BSE, the company gained 1.65 points with a 1.50% increase and reached 112.00 INR.

Aarti Drugs Limited: On Tuesday, the company received an AA-/Stable rating from CRISIL research rating for long-term credit growth on the bank facilities. While the companies short-term credit rating at an A1+ rating.

However, the shares of Aarti Drugs Limited on Tuesday reported a bullish trend in the stock market. It gained 1.60 points with a 0.22% increase and reached 720.95 INR. While in BSE, the company gained 0.95 points with a 0.13% increase and reached 720.10 INR.

Bafna Pharmaceuticals Limited: The company added two fully automated packaging lines to its existing capacity, which was approved by UK_MHRA (Medicines and Healthcare products Regulatory Agency).

However, the shares of Bafna Pharmaceuticals Limited on Tuesday reported a bullish trend in the stock market. It gained 6.35 points with a 5.00% increase and reached 133.40 INR. While in BSE, the company gained 6.40 points with a 4.97% increase and reached 135.15 INR.

Tata Chemicals Limited: On Monday, the company reported its Q4 results for the financial year 2021-22. The companies net profit declined to Rs. 29.26 crores as against Rs. 197.56 crores in the same quarter last year. While the companies total revenue during the quarter raised to Rs. 2,636.21 crores as against Rs. 2,378.09 crores in the same quarter last year.

However, the shares of Tata Chemicals Limited on Tuesday reported a bearish trend in the stock market. It lost 50.00 points with a 6.38% decrease and reached 733.00 INR. While in BSE, the company lost 49.15 points with a 6.28% decrease and reached 733.15 INR.

Top Gainers on May 4th: Bajaj Finance, BPCL, SBI Life Insurance, SBI, and UPL are the top gainers in today’s stock market.

Top Losers on May 4th: Tata Consumer Products, Cipla, M&M, Wipro, and Titan Company are the top losers in today’s stock market.

The post Stocks to watch on May 4th: L&T Technology, Tata Metaliks, Tata Chemicals, Home First Finance appeared first on Stock Investor.

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