22-04-2025
Stocks to watch on April 22: HUL, HCLTech, Coal India, Paytm, Mazagaon Dock
Investors will be closely tracking several stocks on Tuesday after Sensex and Nifty began the week with strong gains. Both indices rose for the fifth day in a row on Monday, touching their highest levels since January 6, 2025. The rally was led by banking and financial stocks, but other sectors like energy, IT, and real estate also Nifty crossed a key resistance level of 23,800 after nearly two months, and experts believe the index could now aim for 24,250 and possibly 24,600."We reiterate our positive outlook on the index and suggest continuing with a 'buy on dips' strategy, while acknowledging the possibility of an intermediate pause or consolidation following the recent vertical rally. Traders should align their positions accordingly and avoid adopting a contrarian stance," said Ajit Mishra, SVP, Research, Religare Broking are the key stocks to watch today as Sensex and Nifty are likely to open flat on Tuesday:HCL TECH, WAAREE ENERGIES, TATA COMMUNICATIONSShares of these companies will be in focus as they are set to announce their quarterly results today. Investors will be watching earnings growth, margin movement, and management commentary for future DOCK SHIPBUILDERSCapt (IN Retd) Jagmohan has been appointed as Chairman and Managing Director of the company from April 21. His term will last till his retirement on September 30, 2029. Following his appointment, Biju George, who was holding the additional charge as CMD, has stepped down from that UNILEVER (HUL)HUL has completed the acquisition of a 90.5% stake in Uprising Science for Rs 2,706 crore. This move is part of its strategy to invest in new-age INDIACoal India has signed an agreement with Damodar Valley Corporation to set up two ultra supercritical power plants of 800 MW each in Jharkhand. This could help boost the company's power generation capacity and open up new growth investment platform arm, Paytm Money, has lowered interest rates and changed brokerage charges on its margin trading facility (MTF). The move is aimed at making the service more affordable and accessible for retail POWERTata Power Renewable Energy, a part of Tata Power, has signed a power purchase agreement with Tata Motors. It will set up a 131 MW wind-solar hybrid project as part of this ENTERPRISESThe real estate company has entered a joint development agreement for a project in Malur, East Bengaluru. The project will span 20 acres and is expected to have a gross development value of around Rs 175 LOGISTICS (Q4 RESULTS)The company reported a net loss of Rs 6.75 crore for the March quarter. This is an improvement compared to the loss of Rs 12.85 crore in the same period last year. Revenue grew 8.2% to Rs 1,569.5 crore from Rs 1,450.8 were also key leadership changes announced. Hemant Sikka, currently President of Mahindra's farm equipment business, has been named Managing Director and CEO (Designate) of Mahindra Logistics. Meanwhile, Rampraveen Swaminathan has stepped down from his role as MD and CEO of the company.
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