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Market Updates: Stocks in Focus Today



The Nifty futures contract traded on the Singapore Exchange indicates a negative start to domestic equities, with the contract trading at 17,536.50, down 38.5 points or 0.22% from the previous close. Here are a few stocks that will be in focus today for various reasons.


Bajaj Finance

Bajaj Finance has reported a strong 20% YoY growth in new loan bookings in the quarter ended March, with the figure touching a record high in FY23.


HCL Tech

JP Morgan has placed Indian IT services provider HCL Technologies Ltd on "negative catalyst watch" ahead of the earnings season, citing the highest near-term risks for the company.


NBCC

NBCC has received an order from the department of border management under the ministry of home affairs worth Rs 448 crore.


South Indian Bank

South Indian Bank has reported 17% growth in its advances at Rs 72,107 crore, while deposits rose by a marginal 3% to Rs 91,652 crore.


RailTel

RailTel has received work orders from Bihar State Electronics Development Corporation and National Informatics Centre Services worth Rs 110 crore.


Mahindra Finance

For the March quarter, the company's disbursements stood at Rs 13,750 crore, registering a growth of 50% YoY. FY23 disbursements were nearly Rs 49,500 crore, up 80% YoY.


Vedanta

Shares of Vedanta will be in focus as the company released its fourth quarter business update. The alumina production at Lanjigarh refinery was down 7% QoQ at 411 kt due to planned calciner shutdown.


Reliance Industries

Reliance Industries and its unit Reliance Jio Infocomm have raised $2 billion add-on foreign currency facility at most competitive rates, PTI reported.


Reliance Capital

Lenders of debt-ridden Reliance Capital (RCap) have postponed the second auction to April 11 for which three suitors have expressed interest in participating.


Federal Bank

The bank's total deposits reached Rs 2.13 lakh crore as of March 2023, with a growth of 17% over the same period last year, while advances grew by 20% to Rs 1.7 lakh crore.


Cyient

The company has appointed Krishna Bodanapu as Executive Vice Chairman and Managing Director. Meanwhile, Karthikeyan (Karthik) Natarajan has been appointed as CEO and continues to be Executive Director of the company.


Dhampur Sugar

The company's Board has approved the payment of an interim dividend at Rs 6 per equity share for the financial year 2022-23.


Britannia Industries

Britannia Industries' board has approved an interim dividend of Rs 72 per share for the financial year ended March.


JSW Steel

JSW Steel has been declared as a preferred bidder for iron ore mines held in Karnataka.


Indigo Paints

Indigo Paints will acquire a 51% stake in Apple Chemie India by a combination of primary capital infusion and secondary share purchase transaction with the promoters.


These are some of the stocks that will be in the spotlight today for various reasons. Investors and traders should keep a close eye on them to make informed decisions. However, it's important to remember that the stock market is volatile and unpredictable, and past performance is not necessarily indicative of future results. As always, investors should conduct their due diligence before investing in any stock.

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