Markets extended their rally for the fifth consecutive session on Monday, and early indicators suggest a positive opening on Tuesday. At 8:23 AM, GIFT Nifty was trading at 24,173, up 0.35%, hinting at a stable to optimistic start for domestic equities.
Stocks To Watch Today, April 22
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Liquidity Coverage Ratio (LCR) Norms: The Reserve Bank of India has eased final LCR guidelines compared to the earlier draft. The additional run-off rate has been revised to 2.5% from the previously proposed 5%. This may provide temporary relief to banks in terms of capital requirements.
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Steel Companies: The government has imposed a 12% safeguard duty on the import of non-alloy and alloy steel flat products. This move is aimed at protecting domestic manufacturers from low-cost imports.
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Coal India: Signed an MoU with DCV to set up two 800 MW ultra supercritical power plants in Jharkhand.
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HG Infra: Secured a project for a 300 MW / 600 MWh battery energy storage system in Gujarat.
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Tata Power: Its renewable energy arm partnered with Tata Motors to establish a 131 MW wind-solar hybrid power project.
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Waaree Energies: May be impacted by the recent U.S. decision to impose duties on solar cells and panel imports from Southeast Asia.
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Brigade Enterprises: Entered a joint development agreement for a 20-acre plot in Bangalore with a gross development potential of ₹175 crore.
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Anant Raj: Reported a 36.5% rise in EBITDA with operating margins improving to 26.3% from 23.6% YoY.
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Himadri Speciality: EBITDA rose 30%, with margins improving to 20.6% from 15.3% YoY.
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Gujarat Alkalies: Dispatched the first consignment of benzyl chloride from its new plant in Dahej.
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Pitti Engineering: EBITDA increased 54.3%, with margin improvement to 17.1% from 15.5% YoY.
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Rajratan Global Wire: EBITDA declined 3.2%, with margins at 13.3% versus 14.4% YoY.
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Mahindra Logistics: EBITDA rose 37.3% YoY, with margins up to 5% from 3.9%.
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Ola Electric: According to reports, the Maharashtra Transport Department has ordered the closure of 121 out of 450 Ola Electric stores due to regulatory concerns.
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360 ONE WAM: Announced a deal with UBS to issue convertible warrants priced at ₹1,030 per warrant.
- Vedanta: Promoter entity has entered into a debt agreement worth $530 million.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
