Hot Stocks Today
If you also invest in the stock market or are thinking of investing, then it is important to know about them first. Your investment can be secured by keeping a close watch on every movement of shares.
The list of top gainers includes ONGC, SunPharma, TCS, Dr Reddy’s, NTPC, Bharti Airtel and HDFC Bank. While the top losers include Infosys, Mahindra & Mahindra Bank, IndusInd Bank, Maruti, Bajaj Finance, Ultratech Cement, HCL Tech and L&T.
INFOSYS Q4 (QoQ)
Infosys, the second largest IT company, released the results for the March 2021 quarter on April 14. Consolidated net profit of the company fell 2.6 per cent to Rs 5078 crore in the quarter. This is less than anticipated. Analysts were expecting Infosys’ consolidated net profit in the fourth quarter to be Rs 5170.2 crore.Also Read: Stock Market: The shadow of Corona on the stock market! Sensex breaks 479 points, Nifty also falls sharply, bank and auto shares fall
On a quarter-on-quarter basis, Infosys consolidated revenue grew 2.8 percent to Rs 26,311 crore. This is also less than analysts’ estimates. Analysts were expecting consolidated income of Rs 26,701.8 crore.
Jhunjhunwala reduced stake in VIP Industries
Rakesh Jhunjhunwala, a veteran investor in the stock market and known as Bigbul, has reduced his stake in VIP Industries. Jhunjhunwala has sold 42.27 lakh shares of VIP Industries during the fourth quarter of FY 2021. In this way, their stake in the company has come down by 3 per cent.
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala had a total holding of 5.3 per cent earlier in VIP Industries, which has come down to 2.3 per cent. Let us tell you that the tour and travel industry has been hit heavily due to the corona virus. At the same time, its outlook also seems weak.