Benchmark BSE and National Stock Exchange (NSE) equity indices ended lower fourth consecutive session settle around 2% lower on Monday. The S&P BSE Sensex fell 1,172.19 points (2.01%) to end at 57,166.74 while the Nifty 50 slipped 302.00 points (1.73%) to settle at 17,173 .65.
Here are the top stocks to watch on Tuesday, April 19, 2022:
IT company Mindtree said on Monday that it recorded a 49.1% increase in its consolidated net profit to Rs 473.1 crore in the fourth quarter of FY22 compared to the year-ago period. The company had recorded a net profit of Rs 317.3 crore in the same period of the previous financial year.
Mindtree’s consolidated operating revenue increased by 37.4% to Rs 2,897.4 crore between January and March 2022, compared to Rs 2,109.3 crore in the corresponding quarter of 2020-21.
For FY 2021-22, Mindtree’s consolidated net profit increased by 48.8% to Rs 1,652.9 crore from Rs 1,110.5 crore at the end of FY 2020-21. Mindtree’s consolidated revenue rose to Rs 10,525.3 crore at the end of 2021-22 from Rs 7,967.8 crore a year ago.
Wipro has appointed Satya Easwaran, a former senior executive at consultancy firm KPMG, as head of India.
Easwaran will be responsible for strengthening Wipro’s business in India in key industry sectors through strategic advisory, transformation and modernization assignments, he said in a statement on Monday.
Ujjivan Financial Services
Ujjivan Financial Services has appointed Radhakrishnan Ravi as Chief Executive Officer (CEO) and Chief Financial Officer (CFO) effective April 19, 2022.
TVS Motor Company
Jwalamukhi Investment on Monday sold the shares of TVS Motor Company worth Rs 212 crore through an open market transaction. However, the acquirer(s) of the shares could not be determined immediately.
According to wholesale trading data available from the National Stock Exchange (NSE), Jwalamukhi Investment sold a total of 32,62,840 shares of TVS Motor. The certificates were sold at an average price of Rs 650, valuing the transaction at Rs 212.08 crore.
As of December 2021, Jwalamukhi Investment Holdings held 2.47 crore shares, or a 5.21% stake in TVS Motor, according to shareholding data with BSE.
Rail Vikas Nigam (RVNL) has entered into a Memorandum of Understanding with Mahanadi Coalfields Limited, a subsidiary of Coal India Limited (an Indian government company under the Ministry of Coal and Mines), to outsource project management consultancy for the rail infrastructure works from MCL to RVNL from concept to commissioning.
-with PTI input