Stocks in News: HDFC Bank, Maruti Suzuki, Titan, among other scrips to watch out for on Thursday

Except for metals and PSU banks, all other sectoral indices witnessed selling pressure – banks, financials and IT stocks cracked most during Wednesday’s session.

While the broader markets closed positive, with the Nifty midcap gaining around 0.6 per cent at the market close: PTI

Indian markets for the second straight session closed negative, as both Sensex fell over 550 points and Nifty settled above the 17800-level at the market close. While the broader markets closed positive, with the Nifty midcap gaining around 0.6 per cent at the market close.

Except for metals and PSU banks, all other sectoral indices witnessed selling pressure – banks, financials and IT stocks cracked most during Wednesday’s session.

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The market analyst Ajit Mishra, VP – Research at Religare Broking said, “Weak global cues viz. hawkish commentary from the US Fed and the possibility of fresh sanctions on Russia largely impacted investors’ sentiment.”

The global developments have once again taken centre stage for the markets and the updates on Russia-Ukraine would remain on investors’ radar, Mishra added.

Stocks such as HDFC Bank, Maruti Suzuki, Titan Company, DCB Bank, Dwarikesh Sugar, MTNL, Max Financial, Asian Granito, Johnson Pharma, Vipul Organics, among others are the stocks to be in focus on Thursday.

Stocks in News

HDFC Bank board to consider raising up to Rs 50,000 crore through Bonds on April 16, 2022.

Maruti Suzuki to recall 19,731 units of Eeco to inspect and rectify incorrect marking of wheel rim size, if any.

Titan Company’s quarterly business update - Jewellery revenue down 4% YoY (year-on-year), while its watches and wearables revenue up 12% YoY.

Defence stocks: Defence Ministry on April 7, 2022, to unveil the third list of equipment that will have to be fully indigenized by 2025.

MTNL: Government tells Parliament, due to financial reasons including the high debt of MTNL, the merger of MTNL & BSNL is deferred.

Max Financial Services: Amrit Singh is appointed as CFO after Mandeep Mehta resigns as the Chief Financial Officer.

DCB Bank: Murali Natrajan has been reappointed as MD & CEO from April 29, 2022, to April 28, 2024.

Asian Granito’s Rs 441 crore Rights Issue to open on April 25, 2022. Rights Entitlement Ratio for the proposed Rights Issue is 37:30 (37 shares for 30 shares held). Issue price at Rs 63 apiece, 46.6 per cent discount to a closing price of April 6, 2022. The company to offer 7 crore shares.

Bhagiradha Chemicals: Ex-date of Rights Issue of 4 shares for every 17 held, offered at Rs 400

Dwarikesh Sugar, Edelweiss Financial: Interim dividend ex-date of Rs 2 and 0.25 per share, respectively

Johnson Pharma, Vipul Organics: Bonus issue ex-date of 1:10 and 1:4, respectively.

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