Stocks to watch on April 19th: HDFC Bank, MindTree, Bharti Airtel, Coal India

Stocks to watch on April 19th: On Monday, both Sensex and Nifty reported a bearish trend in the stock market after bullish reports in the last two sessions of the market. The Sensex is trading below 47,700 levels and nifty trading above 14,300 levels in the stock market. The Sensex lost 1,142.30 points with a 2.34% decrease and reached 47,665.83 levels. While the nifty lost 338.20 points with a 2.31% decrease and reached 14,278.35 levels.

On the other side, the number of coronavirus cases in India on Monday, April 19th reached 1,50,61,919 with almost 1,78,769 deaths.

HDFC Bank Limited: On Saturday, the bank reported its Q4 results for the financial year 2021-22. The bank’s consolidated net profit increased to Rs. 8,186.51 crores as against Rs. 6,927.70 crores in the same quarter last year. While the bank’s net interest income during the quarter increased by 12.60% YoY to Rs. 17,120.20 crores as against Rs. 15,204.10 crores in the same period last financial year.

However, the shares of HDFC Bank Limited on Monday reported a bearish trend in the stock market. It lost 38.65 points with a 2.71% decrease and reached 1,390.00 INR. While in BSE, the bank lost 33.45 points with a 2.34% decrease and reached 1,395.00 INR.

MindTree Limited: On Friday, the company reported its Q4 results for the financial year 2021-22. The companies consolidated net profit declined by 2.80% to Rs. 317.30 crores as against Rs. 326.50 crores in the same quarter last year. While the companies total revenue from operations increased to Rs. 2,109.30 crores as against Rs. 2,023.70 crores in the same period last financial year.

However, the shares of MindTree Limited on Monday reported a bullish trend in the stock market. It gained 33.10 points with a 1.60% increase and reached 2,115.00 INR. While in BSE, the company gained 36.45 points with a 1.76% increase and reached 2,104.10 INR.

GSS Infotech Limited: On Friday, the shares of the company sold by Aspire Emerging Fund for Rs. 58.13 per share with almost 3,37,038 equity shares on the NSE.

However, the shares of GSS Infotech Limited on Monday reported a bearish trend in the stock market. It lost 1.20 points with a 2.07% decrease and reached 56.70 INR. While in BSE, the company lost 1.50 points with a 2.59% decrease and reached 56.50 INR.

Den Networks Limited: On Friday, the company reported its Q4 results for the financial year 2021-22. The company reported a higher profit of Rs. 36.98 crores as against Rs. 24.65 crores in the same quarter last year. While the companies total revenue from operations declined to Rs. 326.23 crores as against Rs. 327.80 crores in the same period last financial year.

However, the shares of Den Networks Limited on Monday reported a bearish trend in the stock market. It lost 0.70 points with a 1.45% decrease and reached 47.70 INR. While in BSE, the company lost 0.50 points with a 1.04% decrease and reached 47.80 INR.

Bharti Airtel Limited: On Saturday, the Government of Ghana decided to acquire 100% stakes in AirtelTigo along with all customers, assets, and liabilities.

However, the shares of Bharti Airtel Limited on Monday reported a bearish trend in the stock market. It lost 16.25 points with a 3.01% decrease and reached 524.50 INR. While in BSE, the company lost 15.75 points with a 2.91% decrease and reached 524.40 INR.

Coal India Limited: The company board members incorporated two wholly-owned subsidiaries CIL Solar PV Limited for manufacturing of solar value chain and CIL Navikarniya Urja for renewable energy.

However, the shares of Coal India Limited on Monday reported a bearish trend in the stock market. It lost 3.25 points with a 2.54% decrease and reached 124.60 INR. While in BSE, the company lost 3.30 points with a 2.58% decrease and reached 124.50 INR.

Agro Tech Foods Limited: During the quarter, Ace Investor Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala increased stakes in the company to 3.49% from 3.28% earlier.

However, the shares of Agro Tech Foods Limited on Monday reported a bullish trend in the stock market. It gained 4.55 points with a 0.55% increase and reached 835.80 INR. While in BSE, the company gained 3.15 points with a 0.38% increase and reached 833.00 INR.

GE Power India Limited: On Monday, the company completed a share purchase agreement with GE Power Systems GmbH for the acquisition of NTPC GE Power Services Private Limited.

However, the shares of GE Power India Limited on Monday reported a bearish trend in the stock market. It lost 7.60 points with a 2.95% decrease and reached 249.60 INR. While in BSE, the company lost 7.50 points with a 2.92% decrease and reached 249.50 INR.

Top Gainers on April 19th: Cipla, Dr.Reddy’s Laboratories, Divi’s Laboratories, and Sun Pharma are the top gainers in today’s stock market.

Top Losers on April 19th: ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, and Bajaj Finance are the top losers in today’s stock market.