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Record high Covid cases at home and a mixed start to Asian markets could hit investor sentiment on Dalal Street on Monday. It remains to be seen how investors react to
HDFC Bank s mixed set of quarterly numbers announced over the weekend.
Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 128 points, or 0.87 per cent, lower at 14,513.50 in signs that Dalal Street was headed for a negative start on Monday.
Tech View: Nifty lacks in follow-up buying
Nifty50 on Friday formed an indecisive Doji candle on the daily chart. On the weekly scale, the index formed a Hammer candle. Analysts said the 14,700 level may pose strong resistance for Nifty50 in the coming days. A fall below 14,250 level on the index can trigger a strong correction, they said.
Here are the top stocks that are likely to be in focus today:
Macrotech Developers: The shares of Macrotech Developers will list on the bourses today. The IPO that ran between April 7-9 was subscribed 1.36 times. The issue price has been fixed at Rs 486 per share.
Earnings Today: ACC, ICICI Prudential Life Insurance Company, Bajaj Consumer Care, CRISIL, Agio Paper & Industries, Pratik Panels, Response Informatics, and Sri Chakra Cement will release quarterly numbers on April 19.
HDFC Bank: The private sector lender on Saturday reported a 15.8 per cent YoY rise in its consolidated net profit at Rs 8,434 crore for the quarter ended March 2021. The private sector lender had registered a net profit of Rs 7,280 crore in the corresponding quarter a year ago.
Bajaj Consumer posts over two-fold jump in Q4 profit at ₹55 cr
PTI
New Delhi |
Updated on
April 19, 2021
× FMCG firm Bajaj Consumer Care Ltd on Monday reported over two-fold growth in consolidated net profit at ₹54.67 crore for the fourth quarter ended March 31, 2021.
The company reported a net profit of ₹23.29 crore for January-March period a year ago, Bajaj Consumer Care said in a regulatory filing.
Its revenue from sale of goods was higher at ₹244.86 crore as against ₹172 crore in the year-ago period.
Total expenses of Bajaj Consumer Care, which operates mainly in the beauty care category, were at ₹189.17 crore as against ₹158.69 crore, up 19.21 per cent.