Indian fairness markets are prone to open gap-down as Nifty futures on the Singapore Exchange traded 15.50 factors, or 0.09 per cent, decrease at 17,055.50, signaling that benchmark indices BSE Sensex and NSE Nifty 50 are headed for a unfavourable begin on Thursday. Global cues had been blended as US markets ended flat, whereas Asian markets are buying and selling principally greater. “We expect the market volatility to continue, with the index trading in a broader range. Continuous selling by FIIs and weak results by few heavyweights has further added pressure to the market. Given the on-going result season, we are witnessing strong reaction on stocks on either side based on the result outcome. Hence we suggest investors to remain focused on selective stocks in the market which are resilient on the back of strong quarterly results,” stated Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services.
Stocks in give attention to 28 April, Thursday
Hindustan Unilever (HUL): Hindustan Unilever Ltd on 27 April stated it achieved a Rs 50,000 crore turnover within the final fiscal, which makes it the primary pure FMCG entity to hit the milestone. The firm launched its monetary efficiency for the quarter and yr ending March 2022. The This fall revenue after tax rose to Rs 2,327 crore, marking an 8.6 per cent on-year surge. The income throughout the identical interval climbed to Rs 13,462 crore, a rise of 11 per cent as in comparison with the corresponding quarter up to now fiscal.
Reliance Industries: Mukesh Ambani-owned Reliance Industries (RIL) and US buyout agency Apollo Global Management are planning a joint bid for UK excessive road pharmacy chain Boots. The joint bid for Walgreens Boots Alliance’s UK-based enterprise, if profitable, would see Boots increase its presence into India, Southeast Asia and the Middle East, in keeping with a Reuters report. Both RIL and Apollo would personal stakes in Boots below the plan, though it’s not clear whether or not the stakes can be of the identical measurement, the report added. Walgreens put its Boots enterprise up on the market after saying a strategic assessment in January because the second-largest US pharmacy chain renews its give attention to home healthcare. The agency has set a deadline of May 16 for bids, the Financial Times reported.
Bajaj Auto: Bajaj Auto on Wednesday reported a 2 per cent decline in consolidated internet revenue at Rs 1,526 crore within the fourth quarter ended March 2022, with gross sales in each home and export markets hit by weak demand and semiconductor scarcity. The revenue for the quarter was aided by an distinctive earnings of Rs 315 crore in direction of incentive receivable from the State Government of Maharashtra for the interval April 2015 to March 2021 and Rs 31 crore receivable for the interval April 2021 to March 2022. The revenues for the Pune-based automaker got here in at Rs 7,975 crore, declining by 7.2 per cent from the revenues of Rs 8,596 crore reported within the corresponding interval final yr
Indian Hotels Company (IHCL): Tata group hospitality agency Indian Hotels Co (IHCL) reported a consolidated internet revenue of Rs 71.57 crore within the March quarter in opposition to a consolidated internet lack of Rs 97.72 crore in the identical interval of the earlier fiscal. It reported consolidated income of Rs 872.08 crore through the quarter as in opposition to Rs 615.02 crore within the year-ago interval. Its annual losses crimped to Rs 265 crore from Rs 796 crore in fiscal 2020-21. The hospitality agency stated it has recorded the best variety of new resort signings in India for the second consecutive yr, totalling 19 new lodges. The agency has additionally raised Rs 4,000 crore, Rs 2,000 crore by the use of the rights concern and a further Rs 2,000 crore by QIP.
ONGC: State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday stated it has signed a pact with Norwegian power big Equinor ASA for collaboration in oil and fuel exploration and manufacturing in addition to clear power tasks. The memorandum of understanding (MoU) was inked on April 26, the corporate stated in an announcement. The settlement is “for collaboration and partnership in areas of upstream exploration and production, midstream, downstream and clean energy options, including carbon capture utilisation and sequestration (CCUS),” it stated. The MoU was signed through the go to of a high-level delegation of Norway to India
This fall Results Today: Axis Bank, Bajaj Finserv, Ambuja Cements, SBI Life Insurance Company, Vedanta, Agro Tech Foods, Biocon, Coromandel International, Embassy Office Parks REIT, Fineotex Chemical, IIFL Finance, IndiaMART InterMESH, Laurus Labs, Motilal Oswal Financial Services, Mphasis, Procter & Gamble Hygiene & Health Care, PNB Housing Finance, Shoppers Stop, Shriram Transport Finance, Sterlite Technologies, and Varun Beverages will launch quarterly earnings on 28 April.
Source: www.financialexpress.com”