Some stocks are ready to show action in the market due to positive trigger. If you are looking for better stocks in intraday, then you can keep an eye on them.
Stocks in Focus Today: There is a lot of volatility in the stock market this week. On Monday and Tuesday, where there was a big fall in the Sensex Nifty, on Wednesday, the index closed strong. Even today, the global sentiments for the market are mixed. Volatility is expected to continue further due to corporate earnings, geopolitical tensions, inflation and rate hike cycles. In such a situation, experts are advising investors to trade cautiously. However, in the meantime some stocks are ready to show action in the market due to positive trigger. If you are looking for better stocks in intraday, then you can keep an eye on them. Today’s list includes names like HCL Technologies, Nestle India, ICICI Securities, FSN E-Commerce Ventures (Nykaa), TCS, Tata Elxsi, Persistent Systems, Infosys, Atul Auto.
Today i.e. on April 21, some small and big companies are going to release their quarterly results. They include HCL Technologies, Nestle India, L&T Technology Services, Tata Communications, CRISIL, Cyient, Rallis India, ICICI Lombard General Insurance Company, Sasken Technologies and Trident Texofab.
The profit of ICICI Securities grew by 3.3 percent year-on-year to Rs 340.3 crore in the fourth quarter. The company’s profits were affected due to higher finance and employee cast. The company’s revenue grew 20.6 percent year-on-year and stood at Rs 891.7 crore.
FSN E-Commerce Ventures (Nykaa)
Aveda, a global leader in hair care has partnered with Nykaa. Aveda has partnered with Nykaa to launch the Aveda X Nykaa with the opening of the first store in Bengaluru. The size of the beauty and personal care market in India in 2019 was Rs 1,26,700 crore, which is growing at a CAGR of 13% in the last 3 years.
TCS is now the Microsoft Cloud for Financial Services partner. The company will help financial services firms accelerate their growth and transformation with Microsoft Cloud for Financial Services Solutions.
Tata Elxsi’s March quarter profit grew by 39 percent year-on-year to Rs 160 crore. At the same time, revenue also increased by 31.5 percent to Rs 682 crore. EBITDA grew 32 per cent YoY to Rs 221.2 crore in the March quarter.
Kotak Mahindra Mutual Fund has bought an additional 21,566 equity shares in IT company Persistent Systems through open market transaction on April 18. With this, Kotak MF’s stake in the company increased to 5 per cent, from 4.97 per cent earlier.
Bluechip IT company Infosys has completed the acquisition of oddity, a Germany-based digital experience and marketing agency.
Atul Auto has joined hands with Valeo and Honda Power Pack Energy India for electric vehicles with battery swapping solutions. Subsidiary company Atul Greentech (AGPL) will launch the e-vehicle after the successful completion of the field trials. It is engaged in designing and developing innovative solutions for last mile electric mobility for domestic and export markets.