Stock To Watch on April 12: Equity markets edged higher on Wednesday and gained nearly half a percent, in continuation of the prevailing positive trend. In today’s trade, shares of Bharti Hexacom, NTPC, TCS, Dr Reddy’s, Trident will be in focus due to various developments and earnings.
TCS: The IT major is expected to report the strongest quarterly performance among its peers. Analysts expect reversal of furloughs and incremental contribution from the BSNL and other deals to fuel the revenues.
Bharti Hexacom: To debut on the bourses today. The Grey Market Premium indicates a listing gain of up to 15 per cent for the stock.
Wipro: Appointed Malay Joshi as the Chief Executive Officer (CEO) of its ‘Americas 1’ Strategic Market Unit (SMU), effective immediately. Joshi succeeds Srini Pallia, who has been elevated as Wipro’s CEO and Managing Director (MD).
Vodafone Idea: The company’s Rs 18,000 crore FPO to open for subscription on April 18 and close on April 22,
Maharashtra Seamless: Has bagged an order worth Rs 674 crore from ONGC for casing seamless pipes.
PVR Inox: Announced the launch of a 14-screen megaplex at Bengaluru’s Phoenix Mall.
Bank of Baroda (BoB): The state-run lender has increased its marginal cost of fund-based lending rate (MCLR) by 5 basis points across three tenures. The one-year MCLR has risen to 8.85 per cent, while the six-month and three-month MCLR rates have been increased to 8.65 per cent and 8.45 per cent, respectively.
FMCG: Skymet’s prediction of a good monsoon this year has given FMCG companies a reason to cheer, as they expect a better FY25 compared to FY24. Rural demand is already witnessing an uptick.
Varun Beverages: To buy up to 14 per cent equity stake in Huoban Energy 11 and Aspirative Creative.
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