Stocks to watch on April 7th: Reliance, INOX Leisure, Wockhardt, Tata Steel Long Products

Stocks to watch on April 7th: On Wednesday, 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 14,500 levels in the stock market. The Sensex gained 607.46 points with a 1.23% increase and reached 49,796.20 levels. While the nifty gained 165.35 points with a 1.13% increase and reached 14,849.10 levels.

On the other side, the number of coronavirus cases in India on Wednesday, April 7th reached 1,28,01,785 with almost 1,66,177 deaths.

Reliance Industries Limited: On Tuesday, the company made an agreement with its rival company Bharti Airtel for the acquisition of the right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi, Mumbai circles.

However, the shares of Reliance Industries Limited on Wednesday reported a bullish trend in the stock market. It gained 37.40 points with a 1.88% increase and reached 2,020.55 INR. While in BSE, the company gained 37.35 points with a 1.88% increase and reached 2,020.00 INR.

INOX Leisure Limited: The company board decided to raise funds of Rs. 300 crores. 

However, the shares of INOX Leisure Limited on Wednesday reported a bullish trend in the stock market. It gained 1.95 points with a 0.71% increase and reached 276.10 INR. While in BSE, the company lost 0.65 points with a 0.24% decrease and reached 275.20 INR.

Tata Steel Long Products Limited: The company on Tuesday reported the highest-ever steel production by 19% YoY to 1,86,000 tonnes.

However, the shares of Tata Steel Long Products Limited on Wednesday reported a bullish trend in the stock market. It gained 32.50 points with a 4.34% increase and reached 781.00 INR. While in BSE, the company gained 34.85 points with a 4.66% increase and reached 782.00 INR.

Wockhardt Limited: The company received a ‘BBB-‘ rating from CARE research firm for non-convertible debentures worth Rs. 200 crores. The research firm also changed the outlook of the company from Negative to Stable.

However, the shares of Wockhardt Limited on Wednesday reported a bearish trend in the stock market. It lost 2.70 points with a 0.59% decrease and reached 457.05 INR. While in BSE, the company lost 2.55 points with a 0.55% decrease and reached 457.05 INR.

Cholamandalam Investment and Finance Company Limited: The company formed a joint venture with Vishwakarma Payments for a New Umbrella License retail payments with the Reserve Bank of India.

However, the shares of Cholamandalam Investment and Finance Company Limited on Wednesday reported a bullish trend in the stock market. It gained 10.80 points with a 2.00% increase and reached 550.90 INR. While in BSE, the company gained 11.50 points with a 2.13% increase and reached 550.95 INR.

Wonderla Holidays Limited: The company decided to close its water rides effectively from Wednesday, April 7th due to Covid -19 guidelines given by the Government of India. 

However, the shares of Wonderla Holidays Limited on Wednesday reported a bearish trend in the stock market. It lost 0.90 points with a 0.47% decrease and reached 192.50 INR. While in BSE, the company lost 0.90 points with a 0.47% decrease and reached 192.50 INR.

Kranti Industries Limited: The company board members on Tuesday approved the issuance of fully paid bonus shares in the ratio of 1:5 respectively.

However, the shares of Kranti Industries Limited on Wednesday reported a bearish trend in the stock market. It lost 1.45 points with a 6.17% decrease and reached 22.05 INR. While in BSE, the company lost 1.45 points with a 6.17% decrease and reached 22.05 INR.

Somi Conveyor Beltings Limited: On Wednesday, the company bagged an order worth Rs. 30.68 crores.

However, the shares of Somi Conveyor Beltings Limited on Wednesday reported a bullish trend in the stock market. It gained 1.55 points with a 4.87% increase and reached 33.35 INR. While in BSE, the company gained 1.60 points with a 4.93% increase and reached 33.00 INR.

Top Gainers on April 7th: Nestle India, JSW Steel, Reliance Industries, SBI, and SBI Life Insurance are the top gainers in today’s stock market.

Top Losers on April 7th: TCS and Tata Consumer Products are only top losers in today’s stock market.