Stocks to watch on April 20th: ACC, Bajaj Consumer, Tech Mahindra, Macrotech Developers

Stocks to watch on April 20th: ACC, Bajaj Consumer Care, Tech Mahindra

Stocks to watch on April 20th: ACC, Bajaj Consumer Care, Tech Mahindra

Stocks to watch on April 20th: ACC, Bajaj Consumer, Tech Mahindra, Macrotech Developers

Stocks to watch on April 20th: On Tuesday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last session of the market. The Sensex is trading above 48,200 levels and nifty trading above 14,400 levels in the stock market. The Sensex gained 301.08 points with a 0.63% increase and reached 48,250.44 levels. While the nifty gained 94.30 points with a 0.66% increase and reached 14,454.15 levels.

On the other side, the number of coronavirus cases in India on Tuesday, April 20th reached 1,53,21,089 with almost 1,80,530 deaths.

ACC Limited: On Monday, the company reported its quarterly results for the financial year 2021-22. The companies consolidated net profit increased by 74% to Rs. 563.00 crores as against Rs. 323.00 crores in the same quarter last year. While the companies total revenue during the quarter increased to Rs. 4,213.00 crores as against Rs. 3,433.00 crores in the same period last financial year.

However, the shares of ACC Limited on Tuesday reported a bullish trend in the stock market. It gained 28.75 points with a 1.53% increase and reached 1,905.50 INR. While in BSE, the company gained 38.90 points with a 2.07% increase and reached 1,914.65 INR.

Bajaj Consumer Care Limited: On Friday, the FMCG company reported its Q4 results for the financial year 2021-22. The companies reported almost two-folded growth during the quarter ended in March 2021. The companies consolidated net profit stood at Rs. 54.67 crores in Q4FY21.

However, the shares of Bajaj Consumer Care Limited on Tuesday reported a bearish trend in the stock market. It lost 7.50 points with a 2.40% decrease and reached 304.75 INR. While in BSE, the company lost 6.65 points with a 2.14% decrease and reached 304.55 INR.

Jubilant Pharmova Limited: The company developed a novel oral formulation of Remdesivir. As the formulation is not available in the open market due to the surge in Covid-19 cases.

However, the shares of Jubilant Pharmova Limited on Tuesday reported a bullish trend in the stock market. It gained 14.35 points with a 1.86% increase and reached 784.80 INR. While in BSE, the company gained 12.95 points with a 1.68% increase and reached 783.65 INR.

Tech Mahindra Limited: On Monday, the IT company acquired 100% stakes in DigitalOnUS, which is a hybrid cloud and DevOps Services provider. The company acquired DigitalOnUS for almost Rs. 898.00 crores.

However, the shares of Tech Mahindra Limited on Tuesday reported a bearish trend in the stock market. It lost 7.85 points with a 0.78% decrease and reached 992.10 INR. While in BSE, the company lost 8.90 points with a 0.89% decrease and reached 991.90 INR.

Solara Active Pharma Sciences Limited: On Monday, the shares of the company acquired by Scottish Oriental Smaller Companies Trust for Rs. 1,462.25 per equity share with almost 1,99,259 shares via the open market.

However, the shares of Solara Active Pharma Sciences Limited on Tuesday reported a bullish trend in the stock market. It gained 26.45 points with a 1.81% increase and reached 1,488.00 INR. While in BSE, the company gained 25.05 points with a 1.71% increase and reached 1,486.75 INR.

Macrotech Developers Limited: The company shares listed in the open market on Monday at Rs. 436 per share, which is at a discount of 10% from its issue price at Rs. 486 per share.

However, the shares of Macrotech Developers Limited on Tuesday reported a bullish trend in the stock market. It gained 6.90 points with a 1.52% increase and reached 472.30 INR. While in BSE, the company gained 8.80 points with a 1.90% increase and reached 471.95 INR.

Caplin Point Laboratories Limited: During the quarter, Ace Investor Ashish Kacholia increased stakes in the company to 1.16% from 1.08% earlier.

However, the shares of Caplin Point Laboratories Limited on Tuesday reported a bullish trend in the stock market. It gained 19.00 points with a 3.86% increase and reached 511.00 INR. While in BSE, the company gained 18.85 points with a 3.84% increase and reached 510.35 INR.

Aditya Birla Capital Limited: The company on Monday filed a red herring prospectus with the SEBI for the initial public offering (IPO). Whereas the size of the IPO includes an offer for sale of 28,50,880 equity shares and almost 3,60,29,120 equity shares held by Sun Life AMC Investments Inc.

However, the shares of Aditya Birla Capital Limited on Tuesday reported a bullish trend in the stock market. It gained 3.20 points with a 2.77% increase and reached 118.60 INR. While in BSE, the company gained 3.20 points with a 2.77% increase and reached 118.85 INR.

Top Gainers on April 20th: Tata Consumer Products, Bajaj Finance, Bajaj Finserv, Dr. Reddy’s Laboratories, and IndusInd Bank are the top gainers in today’s stock market.

Top Losers on April 20th: Shree Cements, Grasim Industries, UltraTech Cement, HCL Technologies, and Tech Mahindra are the top losers in today’s stock market.

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