Wipro, BPCL, Paytm, Aurobindo Pharma: Stocks to watch on Monday

Stocks to watch on Monday, April 8: At around 8:06 am, Gift Nifty futures traded with a gain of 0.26 per cent or 58.5 points at 22,654, suggesting positive opening on the D-Street.

Equity benchmark index Sensex registered marginal gains to hit a fresh lifetime high on Friday after the Reserve Bank of India (RBI) maintained the status quo on key interest rates amid a negative trend in global markets. The six-member rate-setting panel of the Reserve Bank of India (RBI) on Friday kept the benchmark interest rates unchanged at 6.5 per cent for the seventh time in a row. 

The 30-share BSE Sensex inched up 20.59 points or 0.03 per cent to settle at a fresh record closing high of 74,248.22. 

The broader NSE Nifty ended with a marginal loss of 0.95 points at 22,513.70. As many as 28 components of the 50-share benchmark ended in red.

Here are some stocks that will be in focus on Monday, April 8: 

Wipro: The company informed about the exit of Thierry Delaporte who after a significant tenure at the company will be replaced by the new Srini Pallia, appointed as the Chief Executive Officer and Managing Director of the Company, effective immediately.

BPCL: The company during the year 2023-24 recorded the highest-ever market sales of 50.95 MMT.

Godrej Consumer Products: The company said it expects to deliver underlying volume growth of high single digits and sales growth of mid-single digits, driven largely by currency volatility at a consolidated level (organic). 

Paytm: Paytm parent One97 Communication approves a grant of 91,250 stock options. 

Aurobindo Pharma: The United States Food and Drug Administration (USFDA) inspected a new injectable facility of Eugia Steriles Private Limited situated in Andhra Pradesh. The inspection closed with three observations.

GE Power: The company received a purchase order worth Rs 10.1 crore from Mangalore Refinery and Petrochemicals Limited.

Titan: The company posted good growth in revenue of 17 per cent YoY, with CaratLane leading the company’s growth at 30 per cent sales growth. 

Tata Steel: The company in its Q4 business update said that production at the company soared a tad 1.7 per cent during the March quarter of FY24.

Voltas: In the previous fiscal year, volume at the company logged a healthy growth of 35 per cent on year amid a good quantum of sales of AC units. This is a magnificent milestone achieved by the company as no consumer durable company in any fiscal year has logged such huge sales.

Nestle: There has been approved to increase royalty payments to the company’s Swiss parent Société des Produits Nestlé S.A. Nestlé S.A. in the next 5 years will increase its payout to 5.25% from the current 4.5% per annum.

GCPL: The FMCG company in its Q4 business update said that on a consolidated level, the company posted high single-digit growth in volume during the period. The company’s Indonesian business is logging double digit growth in volume and revenue.

Aurobindo Pharma: The US FDA has inspected the company’s subsidiary and issued three observations post-conclusion of the investigation.

Strides Pharma: At the company’s subsidiary’s formulation facility, the USFDA after a regular GMP exercise has issued two observations.

InfoEdge:  The company has released an update for the standalone billing, which during the last March ended quarter registered 10.5 per cent on year growth to Rs 826.9 crore

Chola Investment: The disbursement at the NBFC company logged a high double-digit growth during the March ended quarter. AUM at the company has also logged a good 55 per cent jump. 

PNB: In its Q4 business update, the bank informed that advances at the company grew 11.5 per cent on year, while deposits grew 7 per cent on year.

Bank of Baroda: At the lender, retail advances during Q4, posted a healthy on year growth of 20.64 per cent. 
 

(With inputs from agencies.) 

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