CNBC-TV18's top stocks to watch out for on April 19

SUMMARY

The Indian market is likely to open lower on Monday on worries over economic growth as various states imposed stricter restrictions to control the spread of COVID-19. Meanwhile, at 7:15 am, the SGX Nifty, an early indicator of the Nifty 50 index’s performance in India, was trading 165.50 points or 1.13 percent lower at 14,476.00.

By CNBC-TV18Apr 19, 2021 7:31:36 AM IST (Published)

Macrotech Developers | The company will list its equity shares on exchanges today. The issue price had been fixed at Rs 486 per share.

HDFC Bank | The bank’s net profit in Q4FY21 rose 18.2 percent to Rs 8,186.5 crore from Rs 6,927.69 crore, while net interest income (NII) grew 12.6 percent to Rs 17,120.15 crore from Rs 15,204.06 crore, YoY. Net interest margin was at 4.2 percent for the quarter.

Mindtree | The company’s net profit in Q4FY21 declined 2.8 percent to Rs 317.3 crore from Rs 326.5 crore, while revenue rose to Rs 2,109.3 crore from Rs 2,023.7 crore, QoQ. Board approved a final dividend of Rs 17.50 per share.

Bharti Airtel | The Government of Ghana will acquire 100 percent shares of AirtelTigo along with all customers, assets and liabilities. The Government of Ghana, Bharti Airtel and Millicom International Cellular S.A. have executed the definitive agreement for the transfer of AirtelTigo to the Government of Ghana on a going concern basis.

Pharma Stocks | Drug companies like Cadila Healthcare, Dr Reddy’s Laboratories and Cipla have cut the prices of their respective brands of remdesivir injection (100 mg/vial). The antiviral drug is used in the treatment of COVID-19.

Glenmark Pharmaceuticals | The company’s subsidiary Glenmark Life Sciences has filed a Draft Red Herring Prospectus on April 16 with the Securities Exchange Board of India to start the process for its public listing.

Adani Ports & SEZ | The company has completed the acquisition of 31.5 percent stake in Gangavaram Port.

Coal India | The company has incorporated two wholly-owned subsidiaries viz. CIL Solar PV Ltd for manufacturing of solar value Chain (Ingot-wafer-Cell Module) and CIL Navikarniya Urja Ltd for renewable energy.

ICICI Lombard General Insurance Company | The company’s Q4FY21 net profit rose to Rs 345.68 crore from Rs 281.93 crore, YoY. Net premium was at Rs 2,764.79 crore versus Rs 2,431.53 crore, YoY.

Future Retail | The company’s lenders have approved a debt restructuring plan, which will allow it a two-year relief on loan repayments.

Adani Green Energy | The company’s arm Adani Renewable Energy Holding Fifteen Ltd has bagged a 150 MWac solar energy project capacity from Torrent Power.

DCB Bank | Murali Natrajan has been re-appointed as MD & CEO of the bank for a further period of one year.

Den Networks | The company reported a consolidated profit of Rs 36.98 crore in Q4FY21 against Rs 24.65 crore, while revenue declined to Rs 326.23 crore from Rs 327.8 crore, YoY.

Kolte-Patil Developers | The company’s sales volume in Q4FY21 rose to 0.85 million square feet (msf) from 0.67 msf in Q4FY20. Realisation per square feet increased to Rs 5,988 from Rs 5,333, YoY.

Agro Tech Foods | Rekha Rakesh Jhunjhunwala increased the stake in the company to 3.49 percent in the March quarter 2021, from 3.28 percent stake in the December quarter of 2020.

ISGEC Heavy Engineering | The company has signed a project-specific collaboration agreement with US-based United Conveyor Corporation for Dry Sorbent Injection (DSI) technology.

Sagar Cements | The company’s board will consider the merger of its wholly-owned subsidiary, Sagar Cements (R) Ltd, with itself on April 26.

Schneider Electric Infrastructure | The company has appointed Sanjay Sudhakaran as MD & CEO for five years w.e.f May 1, 2021.

Earnings | ACC, ICICI Prudential Life Insurance Company, Bajaj Consumer Care, CRISIL, Agio Paper & Industries, among others.