Indian share markets witnessed a sharp correction on Friday, April 4, as benchmark indices closed significantly lower amid global market weakness and renewed fears of a trade war. The 30-share BSE Sensex dropped 930.67 points, or 1.22%, to end the session at 75,364.69. The NSE Nifty also declined sharply, falling 345.65 points or 1.49% to close at 22,904.45.
On Monday, April 7, several stocks across sectors are expected to remain in focus.
Stocks to Watch on April 7
Oil Marketing Companies (OMCs)/Paint Companies: Crude oil prices declined further, with Brent crude falling below $65 per barrel. Lower crude prices may benefit downstream companies like OMCs and paint manufacturers due to reduced input costs.
Trent Ltd: The company reported a 28% year-on-year rise in standalone revenue for Q4. It added 145 new stores across its Westside and Zudio formats, indicating strong expansion momentum.
Indraprastha Gas Ltd (IGL): IGL has increased CNG prices by ₹1/kg in Delhi and by ₹3/kg in other markets, which could impact margins in the near term.
Jubilant FoodWorks: The Q4 update showed strong performance, with Domino’s same-store sales growth (SSSG) at 12.1% YoY, reflecting robust demand trends.
Godrej Properties: The company announced a new residential development project in Versova, Mumbai, with a revenue potential of ₹1,350 crore.
Godrej Consumer Products: The firm expects mid-single digit underlying volume growth in Q4, pointing to moderate demand recovery.
Kalyan Jewellers: Reported 37% YoY growth in consolidated revenue for Q4. Same-store sales growth stood at 21%, highlighting strong consumer demand.
Delhivery: The logistics company has acquired Ecom Express for ₹1,407 crore in cash, enhancing its last-mile delivery capabilities.
Nykaa: The beauty and fashion retailer expects consolidated net revenue growth in the low-to-mid twenties percentage range YoY for Q4.
Bajaj Housing Finance: Reported a 25.10% YoY increase in Q4 disbursements, while assets under management (AUM) rose 25.5%.
Metropolis Healthcare: The diagnostics firm reported 10% revenue growth YoY in Q4, though operational EBITDA was slightly lower.
Mazagon Dock Shipbuilders: The government will retain the oversubscription option in its ongoing Offer for Sale (OFS).
Utkarsh Small Finance Bank: Total deposits rose 23.4% YoY in Q4, with CASA deposits growing by 31%.
Tata Motors: The company has discontinued Jaguar Land Rover (JLR) shipments to the US due to increased tariffs, potentially impacting exports.
IndusInd Bank: The lender recorded its weakest year-on-year business momentum in nearly five years, reflecting challenges in credit growth.
ONGC/Oil India: These upstream oil companies may face margin pressure due to further decline in global crude oil prices.
Zomato: Rinshul Chandra, the Chief Operating Officer of the company’s food ordering and delivery business, has resigned, possibly leading to leadership restructuring.
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