Stocks to watch on April 1st: Piramal Enterprises, SBI, Serling & Wilson Solar

Stocks to watch on April 1st: On Thursday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last session of the market. The Sensex is trading above 49,800 levels and nifty trading above 14,750 levels in the stock market. The Sensex gained 343.52 points with a 0.67% increase and reached 49,842.45 levels. While the nifty gained 92.30 points with a 0.65% increase and reached 14,784.60 levels.

On the other side, the number of coronavirus cases in India on Thursday, April 1st reached 1,21,49,335 with almost 1,62,468 deaths.

Piramal Enterprises Limited: On Wednesday, Piramal Pharma Solutions (PPS), which is a wholly-owned subsidiary entered into an agreement for acquiring 100% stakes in Hemmo Pharmaceuticals Pvt Limited for Rs. 775 crores.

However, the shares of Piramal Enterprises Limited on Thursday reported a bullish trend in the stock market. It gained 29.85 points with a 1.72% increase and reached 1,783.35 INR. While in BSE, the company gained 31.95 points with a 1.82% increase and reached 1,783.95 INR.

Shriram Transport Finance Company Limited: On Thursday, the company completed the issuance and the allotment of $225 million senior secured notes under a $3 billion global medium-term note program.

However, the shares of Shriram Transport Finance Company Limited on Thursday reported a bullish trend in the stock market. It gained 19.00 points with a 1.34% increase and reached 1,441.35 INR. While in BSE, the company gained 20.60 points with a 1.45% increase and reached 1,442.35 INR.

Edelweiss Financial Services Limited: The company raising an amount of Rs. 400 crores via non-convertible debentures (NCDs). Whereas the company offered an effective yield of almost 9.70%. The issue will open today and close on April 23rd.

However, the shares of Edelweiss Financial Services Limited on Thursday reported a bullish trend in the stock market. It gained 3.10 points with a 4.90% increase and reached 66.40 INR. While in BSE, the company gained 3.05 points with a 4.82% increase and reached 66.35 INR.

State Bank of India: The bank on Wednesday signed a loan agreement of almost $1 billion with the Japan Bank for International Cooperation (JBIC).

However, the shares of the State Bank of India on Thursday reported a bullish trend in the stock market. It gained 2.25 points with a 0.63% increase and reached 366.60 INR. While in BSE, the bank gained 1.80 points with a 0.49% increase and reached 366.20 INR.

Public Sector Banks Limited: The central government will infuse almost Rs. 14,500 crores into four banks that include the Central Bank of India, Indian Overseas Bank, Bank of India, and UCO Bank.

After the decision, the shares of the Central Bank of India on Thursday reported a bullish trend in the stock market. It gained 0.80 points with a 4.91% increase and reached 17.10 INR. While in BSE, the company gained 0.80 points with a 4.89% increase and reached 17.15 INR.

The shares of the Indian Overseas Bank on Thursday reported a bullish trend in the stock market. It gained 0.90 points with a 5.94% increase and reached 16.95 INR. While in BSE, the company gained 0.90 points with a 5.62% increase and reached 16.90 INR.

The shares of the Bank of India Limited on Thursday reported a bullish trend in the stock market. It gained 2.10 points with a 3.10% increase and reached 69.95 INR. While in BSE, the company gained 2.10 points with a 3.10% increase and reached 69.95 INR.

The shares of the UCO Bank on Thursday reported a bullish trend in the stock market. It gained 0.30 points with a 2.73% increase and reached 11.30 INR. While in BSE, the company gained 0.29 points with a 2.64% increase and reached 11.28 INR.

Sterling and Wilson Solar Limited: The promoters of the company Khurshed Yazdi sold almost 4.99% stakes in the company via the open market. Besides, Daruvala also sold 8 million shares at an average price of Rs. 250.60 per share.

However, the shares of Sterling and Wilson Solar Limited on Thursday reported a bullish trend in the stock market. It gained 15.55 points with a 6.02% increase and reached 274.00 INR. While in BSE, the company gained 16.40 points with a 6.37% increase and reached 274.00 INR.

Bharat Petroleum Corporation Limited: The refinery company decided to acquire 36.60% stakes in Bharat Oman Refinery Limited (BORL) for Rs. 24 billion.

However, the shares of Bharat Petroleum Corporation Limited on Thursday reported a bullish trend in the stock market. It gained 1.00 points with a 0.29% increase and reached 429.20 INR. While in BSE, the company gained 1.30 points with a 0.30% increase and reached 429.25 INR.

SREI Infrastructure Finance Limited: The subsidiary company SREI Equipment Finance received an expression of interest (EoI) from overseas investors for proposed capital infusion.

However, the shares of SREI Infrastructure Finance Limited on Thursday reported a bullish trend in the stock market. It gained 0.65 points with a 12.87% increase and reached 5.75 INR. While in BSE, the company gained 0.70 points with a 13.83% increase and reached 5.76 INR.

Top Gainers on April 1st: JSW Steel, Hindalco Industries, Tata Steel, HCL Technologies, and Hero Motocorp are the top gainers in today’s stock market.

Top Losers on April 1st: HDFC Life, M&M, HDFC Bank, Nestle India, and IOC are the top losers in today’s stock market.