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KEC International, TeamLease Services, Cholamandalam Financial Holdings, and CCL Products India are trading with higher volumes as compared to Tuesday.

Yes Securities maintains 'Buy' on SBI Cards and Payment Services with a target price of Rs 1,210 indicating an upside 45%, according to reports. The brokerage has a positive outlook on the company on the back of strong acquisitions and a sharp recovery in both retail and corporate spending.

HDFC Securities expects power sector companies like NTPC, Power Grid, Tata Power, CESC, Torrent Power, JSW Energy, and NHPC to report strong profit growth in Q4FY22,. The brokerage expects better power demand in the latter part of the quarter and overall improved merchant realisations to boost profits. The brokerage expects revenue for these power companies to rise 7.5% YoY and profits to rise 30.8% YoY during Q4FY22.

Oil India and Oil and Natural Gas Corporation (ONGC) surge as Brent crude oil prices rise amid reports of supply disruption due to the geopolitical conflict in Ukraine and easing of lockdown curbs in parts of China. Brent crude oil is currently trading at $ 105.

Motilal Oswal maintains a ‘Buy’ rating on IIFL Wealth Management with a target price of Rs 2,200, indicating an upside of 20.6%. The brokerage believes the company is well placed to benefit from the interest rates remaining low and an increasing number UNHIs (ultra-high net worth individuals) preferring organized wealth management platforms to invest in.

Ambuja Cements, Bharat Electronics, NTPC, Hindustan Aeronautics, and Au Small Finance Bank are in overbought zone according to technical indicator relative strength index or RSI.

Axis Securities expects pharmaceutical companies like Dr Reddy’s, Lupin, Cipla, and Aarti Drugs to report high single-digit revenue growth YoY in Q4FY22. The brokerage expects EBITDA margins of pharma companies to remain under pressure due to elevated prices of organic chemicals and solvents as a result of Russia-Ukraine war.

Vakrangee is trading with more than seven times its weekly average trading volume. JM Financial, J B Chemicals & Pharmaceuticals, Avanti Feeds and RHI Magnesita India are trading at more than four times their weekly average trading volumes.

Axis Securities maintains a ‘Buy’ rating on Tata Consultancy Services (TCS) with a target price of Rs 4,200, indicating an upside of 14%. The brokerage maintains a positive outlook on the company as the company's Q4FY22 revenue growth beat its expectations. The brokerage expects the positive growth trend to continue for the company supported by strong traction in all of its business verticals, and a robust deal pipeline in the coming quarters.

Prestige Estates Projects' presales increase 77% YoY to Rs 3,268.7 crore in Q4FY22 and rises 90% YoY to Rs 10,382.2 crore in FY22. In Q4FY22, the company's launches increase 6% YoY to 5.01 million square feet and in FY22 launches rise by 42% to 16.77 million square feet.

Anand Rathi Wealth’s Q4FY22 net profit rises 8% QoQ to Rs 34.6 crore and revenues increase by 6% to Rs 114.7 crore. Mutual funds’ (equity and debt) asset under management (AUM) value increases 2.8% YoY to Rs 19,435 crore. The company also announces an interim dividend of Rs 6 per share.

Directorate General of Civil Aviation (DGCA) bars 90 SpiceJet pilots, according to reports, from flying Boeing 737 Max aircraft until the completion of their training to DGCA’s satisfaction. This comes in light after DGCA finds anomalies in the simulator training of the airplane that takes place in Noida. SpiceJet currently has 650 trained pilots to fly Boeing 737 Max which won’t affect its daily operations.

Hariom Pipe Industries’ shares list at 43.8% premium to the issue price of Rs 153 on its debut on the bourses after getting bids for 8X of total shares on offer.

Hathway Cable and Datacom’s Q4FY22 revenue rises 2.3% YoY to Rs 448.79 crore and profit falls 60.6% YoY to Rs 28.42 crore on increasing input costs. In FY22, revenue rises 3.5% YoY to Rs 1,793.02 crore and profit falls 48.5% YoY to Rs 130.35 crore.

Mahanagar Gas increases the prices of compressed natural gas by Rs 5 per kg and piped natural gas by Rs 4.5 per standard cubic metre for Mumbai and nearby areas. The prices are in effect from April 12, 2022. This is the second price hike taken by the company in April 2022.

Saregama India, Blue Star, Gland Pharma, and CCL Products India are trading with higher volumes as compared to Monday.

Coal India’s capex rises 12% YoY to Rs 14,834 crore in FY22, which is 101% of the set target and the highest spend so far. The FY22 capex boost was to increase production to meet the rise in coal demand. The entire capex was met through internal accruals.

ICICI Securities expects chemical sector companies like SRF, Aarti Industries, Tata Chemicals, and PI Industries to report positive Q4FY22 results. As chemical companies are carrying inventories for at least a quarter ahead, which may have minimal impact on margins from high crude oil prices. The brokerage expects a healthier demand environment across end-user industries to drive strong revenue growth in Q1FY23.

CreditAccess Grameen’s gross loan portfolio (GLP) in March 2022 grows by 22% YoY to Rs 16,601 crore and disbursements grow 25% YoY to Rs 2,257 crore. The branch network grows 15% YoY to 1,638 branches in March 2022, the new branches primarily opening across newer markets.

Aditya Birla Capital's overall NBFC and Housing finance business lending book grows 10% YoY to Rs 66,900 crore in Q4FY22. The company's NBFC business' loan book grows 13% YoY to Rs 54,900 crore. In insurance business, individual first year Premium grows 13% YoY Rs 2,200 crore and gross written premium grows 33% YoY to Rs 1740 crore in FY22. The overall active customer base increases 46% YoY to 35 million customers.

Telecom stocks such as Bharti Airtel and Vodafone Idea are trading lower despite TRAI (Telecom Regulatory Authority of India) recommending slashing base prices in 5G spectrum auctions by nearly 40%. The new base price Rs 317 crore per MHz is still higher compared to price for 5G spectrum globally, according to reports.

Axis Securities maintains a ‘Buy’ rating on PSP Projects with a target price of Rs 620, indicating an upside of 11%. The brokerage remains bullish on the company due to its robust and diversified order book, track record of successful project executions and healthy financials to support future growth.

Rites is trading with more than eight times its weekly average trading volume. Indigo Paints, Cochin Shipyard, TCNS Clothing Co., and Mazagon Dock Shipbuilders are trading at more than three times their weekly average trading volumes.

Sunteck Realty’s pre-sales bookings surge 36% YoY to Rs 503 crore in Q4FY22. Collections rise 35% YoY to Rs 1,053 crore. Management expects growth in pre-sales and collections to continue with new project launches lined up for FY23.

Metal stocks like Hindalco Industries, Vedanta, National Aluminium Company, and Tata Steel, among others, are falling in trade. The broader sectoral index Nifty Metal is also trading in red.

Delta Corp’s Q4FY22 revenue grows 3.3% YoY to Rs 218.32 crore, but profit falls by 16.7% YoY to Rs 48.11 crore. In FY22, revenue grows 47% YoY to Rs 616.13 crore led by the casino gaming division and records a profit of Rs 66.99 crore as opposed to a loss of Rs 24.1 crore in FY21.

JSW Steel's arm JSW Utkal Steel gets environmental clearance to set up its greenfield integrated steel plant with a capacity of 13.2 million tonnes per annum (MTPA) of crude steel. The total capital expenditure on this project will be around Rs 65,000 crore.

Tata Consultancy Services’ Q4FY22 net profit rises 1.6% QoQ to Rs 9,926 crore with total revenue increasing 3.5% QoQ to Rs 50,591 crore. However, total expense rises 3.5% QoQ to Rs 38,308 crore as employee expenses increase 4.4% to Rs 28,353 crore.

AIA Engineering, Galaxy Surfactants, Narayana Hrudayalaya, and Blue Star are trading with higher volumes as compared to Friday.

Sandur Manganese & Iron Ores surges as the company enters into a power purchase agreement and share subscription and share holding agreement with Renew Green Energy Solutions for the supply of solar and wind power. The company also announces right issue of 1.8 crore equity shares.

Edelweiss upgrades IndusInd Bank’s rating to ‘Buy’ from ‘Neutral’ and increases its target price by 11% to Rs 1,100 as its loan advances rise 13% YoY to Rs 2.4 lakh crore at the end of Q4FY22. The brokerage expects net NPA ratio to decline in Q4FY22.

Axis Securities initiates coverage on Westlife Development with a ‘Buy’ rating and a target price of Rs 625, indicating an upside of 30%. The brokerage believes the company is well-placed to capture QSR (Quick Service Restaurant) space opportunities. The brokerage is bullish on the company’s ability to innovate new products, capitalise on the rapidly growing delivery channel and penetrate fast-growing tier 2 & 3 cities.

Ruchi Soya is rising as its board approves enhancing synergies with Patanjali Ayurved's food business "on an arm's length basis". Although the company didn't specify what this transaction could be, the board authorises the comapny officials to negotiate and execute the transaction. The board also approved changing name of Ruchi Soya to Patanjali Foods.

Godfrey Phillips India is trading with more than 33 times its weekly average trading volume. Gujarat Ambuja Exports, Syngene International, Ambuja Cements, and Advanced Enzyme Technologies are trading at more than two times their weekly average trading volumes.

Glenmark Pharmaceuticals rises as its subsidiary Glenmark Specialty S.A receives approval from the Drug Controller General of India (DCGI) to conduct a phase 1 trial of its novel small molecule, GRC 54276. This molecule will be used to treat patients with advanced solid tumours and Hodgkins’s Lymphoma.

IT stocks like Infosys, L&T Technology Services, HCL Technologies, and Larsen & Toubro Infotech, among others, are falling in trade. The broader sectoral index Nifty IT is also trading in red.

Jindal Steel and Power rises as the company plans to setup India's second coal gasification plant at its Raigarh plant in Chhattisgarh, according to news reports. The company also intends to begin commercial operations in four of its eight coal mines (owned) so as to save on cost of acquiring thermal coal.

GTPL Hathway’s Q4FY22 revenue falls 17.5% YoY to Rs 617.3 crore and profit falls 4.3% YoY to Rs 54.5 crore largely due to a fall in EPC (Evolved Packet Core) project business. In FY22, revenue falls 2.1% YoY to Rs 2,414.1 crore but profit rises 6.1% YoY to Rs 199.6 crore.

Veranda Learnings’ shares list at 14.6% premium to the issue price of Rs 137 on its debut on the bourses after getting bids for 3.5X of total shares on offer.

Tata Motor’s wholly-owned subsidiary, Jaguar Land Rover’s (JLR) retail sales fall 36% YoY to 79,008 units in Q4FY22 due to global semiconductor shortage. JLR’s FY22 retail sales fall 14.4% YoY to 376,381 units.

Sobha’s Q4FY22 total sales volume rises 3.5% YoY to Rs 1,109.6 crore with average price realization increasing 3.1% YoY to Rs 8,265 per square feet. The company’s sales bookings in volumes grow 0.35% to 13.42 lakh square feet in Q4FY22 with maximum bookings coming in from Bengaluru (9.32 lakh square feet). The company attributes this growth to consistent rise in housing demand, low home loan rates, and improving economy.

Cholamandalam Financial Holdings, AIA Engineering, Phoenix Mills, and Shriram Transport Finance Company are trading with higher volumes as compared to Thursday.

If the proposed merger goes through, PVR and INOX could look into film production and enlarge its distribution and food & beverage business to diversify its revenue streams says management of both companies, according to reports.

Sterling and Wilson Renewable Energy's Q4FY22 loss narrows 63.2% YoY to Rs 126.61 crore and revenue falls 21.5% YoY to Rs 1,071 crore. In FY22, revenue rises 2.33% YoY to 5,198.94 crore and loss widens to Rs 909.46 crore from Rs 285.38 crore in FY21.

Varroc Engineering is trading with more than ten times its weekly average trading volume. TCNS Clothing Co., Bharat Dynamics, Syngene International, and Cholamandalam Investment & Finance Company are trading at more than six times their weekly average trading volumes.

Sobha reports flat sales volumes of 1.342 million square feet with sales booking value rising 3.5% YoY Rs 1,109.6 crore. Bengaluru market’s contribution was the highest with sales volumes increasing to 0.932 million square feet up by 4.4% YoY. The sales volumes for the Gurgaon market jump 44% YoY to 0.234 msf. 

JSW Steel’s total steel crude production in Q4FY22 grows 37% YoY to 5.98 million tonnes (MT). In FY22, the total steel crude production grows 38% YoY to 21.47 MT.

RBI keeps repo rate constant at 4% for the 11th consecutive time to maintain an ‘accommodative stance’ for economy growth. However, reverse repo rate increases 40 bps to 3.75% to maintain liquidity in the market. Marginal Standing Facility (MSF) and bank rate stay the same at 4.25%.

Lupin launches Merzee capsules in the US market, under an exclusive license, marketing, and distribution agreement with Slayback Pharma. Merzee is a generic contraceptive drug, equivalent to Allergan Pharmaceuticals' Taytulla capsules.

Jindal Stainless’ sales volumes rise 6% YoY to 2.7 lakh tonnes in Q4FY22 because of its agile supply chain and a favourable product mix. The company’s exports increase 32% in Q4FY22 despite global disruptions in raw material supply and logistics.

Suzlon Energy, Tata Teleservices (Maharashtra), Gland Pharma, and SKF India are trading with higher volumes as compared to Wednesday.

Hindustan Aeronautics touches an all-time high on the bourses after it enters into a pact with its long-term partner Israel Aerospace Industries to convert civil (passenger) aircrafts to air refuelling aircrafts with cargo and transport capabilities in India.

Axis Securities initiates coverage on Tata Steel with a ‘Buy’ rating and a target price of Rs 1,700, indicating an upside of 26%. The brokerage is bullish for the company as it expects steel prices to remain high, which would drive strong cash flows for the company. The brokerage believes this will enable the company to manage cash flows towards capex and continue deleveraging.

Macrotech Developers rises after its sales booking see a 37% YoY jump to Rs 3,460 crore for Q4FY22 and net debt reduces by 620 crore on a QoQ basis. Its collections also improve by 36% YoY to Rs 2,840 crore in Q4.

Aster DM Healthcare is trading with more than fifteen times its weekly average trading volume. Tata Teleservices (Maharashtra), Suzlon Energy, Poonawalla Fincorp, and Solara Active Pharma Sciences are trading at more than five times their weekly average trading volumes.

Coffee Day Enterprises is falling as it defaults on debt repayments worth Rs 479.7 crore on loans and unlisted debt securities in Q4FY22.

Titan falls as its Q4FY22 jewellery segment’s revenue falls 4% YoY on the back of declining activity due to the Omicron wave and rising gold prices. However, the revenue from the watches segment grows 12% YoY and the Eyecare segment grows 5% YoY on underlying demand remaining strong for these segments.

Yes Bank rises and hits a 52-week high as Care Ratings upgrades the credit ratings for the banks infrastructure bonds to 'BBB+' from 'BBB'. The lower tier-two bonds and tier-two bonds also receive similar upgrades from the agency.

Uma Exports’ shares list at a 11% premium to the issue price of Rs 68 on its debut on the bourses after getting bids for 7.6X of total shares on offer.

A consortium of Bandhan Financial Holdings (Bandhan Bank’s parent company), private equity firm ChrysCapital, and GIC (Government of Singapore Investment Corporation) is set to acquire IDFC Asset Management for Rs 4,500 crore, according to reports. The Bandhan group expects the acquisition to aid the company in further expanding its presence in the financial services sector.

Zee Entertainment's largest shareholder--Invesco--will sell 7.8% stake in the company worth Rs 2,200 crore through a bulk deal today, according to reports. Invesco currently owns 18.8% stake in the company.

Suzlon Energy, Home First Finance Company India, IIFL Wealth Management, and Cera Sanitaryware are trading with higher volumes as compared to Tuesday.

Competition Commission of India investigates the trustee units of State Bank of India, Axis Bank, and IDBI Bank for suspected collusion on fees, according to reports.

Asian Development Bank expects the Indian economy to grow at 7.5% in FY23 and at 8% in FY24. It sees the current geopolitical uncertainty and any new COVID-19 outbreaks as key risks to these growth estimates. 

Indian Energy Exchange achieves 16% YoY growth in volume to 9,605 million units volume comprising of 8,702 million units in the conventional power market, 392 million units in the green power market and 511 million units in the renewable energy certificate market in March 2022. In Q4FY22 the company achieves 27,017 million units of volume, up 16% YoY, and in FY22 1,02,035 units, up 38% YoY.

Mahanagar Gas increases the prices of compressed natural gas by Rs 7 per kg to Rs 67 per kg and domestic piped natural gas by Rs 5 per scm (standard cubic metre) to Rs 41 per scm with effect from April 6, 2022, according to reports.

Indraprastha Gas increases the prices of compressed natural gas by Rs 2.5 per kg for Delhi with effect from April 6, 2022, according to news reports. This is the third price hike taken by the company in April 2022. With this, CNG in Delhi now costs Rs 66.6 per kg.

Power companies are trading higher with stocks like NTPC, Tata Power, Adani Power and Torrent Power rising. The broader sectoral index i.e. BSE Power is also trading in green today.

Marico slips in trade as its Q4FY22 sales volume grows in low-single digits owing to weak rural demand and high inflation, according to the company's pre-result filing. Its flagship product Parachute Coconut Oil particularly registers a fall in sales volumes on YoY basis in Q4.

TCI Express is trading with more than eleven times its weekly average trading volume. Shree Renuka Sugars, Solar Industries India, Kalpataru Power Transmissions, and IDBI Bank are trading at more than four times their weekly average trading volumes.

Policybazaar's (PB Fintech) total insurance premium originating on its platform Policybazaar at the end of Q4FY22 grows 70% YoY to Rs 2,177 crore and disbursement of loans through its platform Policybazaar grows 72% YoY to Rs 2,189 crore. In FY22, insurance premium originating on its platform is up 46% YoY to Rs 6,975 crore, and loan disbursement through its platform by 126% YoY to Rs 6,607 crore.

Paytm's (One97 Communications) total loan originating on its platform at the end of Q4FY22 grows 417% YoY to Rs 3,553 crore and total merchant payment volume processed grows 104% YoY to around Rs 2.59 lakh crore. The company's average monthly transacting users grow 41% YoY to 7.1 crore. In FY22, loans originating on its platform are up 441% YoY to Rs 7,623 crore and total merchant payment volume processed through its platform by 111% YoY to 8.52 lakh crore.

Angel One is rising as its client base jumps 2.3 times YoY in Q4FY22 to 92.1 lakh. Number of orders grow 83.6% YoY to 21 crore with its retail turnover market share in the commodity segment increasing by 17 percentage points YoY to 42.2%.

Bandhan Bank’s loan book at the end of Q4FY22 grows 16% YoY to Rs 1.01 lakh crore. Total deposits grow 24% YoY to Rs 96,331 crore, with retail deposits increasing 21% YoY to Rs 74,441 crore and CASA (current account savings account) deposits increasing 18% YoY to Rs 40,072 crore.

Tata Steel’s production volumes fall 3% YoY to 7.5 million tonnes in Q4FY22 however, Tata Steel India’s production rises 3.2% YoY to 4.9 million tonnes. Tata Steel’s total deliveries rise 4.1% YoY to 7.8 million tonnes because of an increase in domestic demand from the automotive, retail, and industrial products sectors. Tata Steel India’s deliveries increase 9.6% to 5.1 million tonnes in Q4FY22.