Hero MotoCorp, Nestle India, HDFC and other top stocks to watch out for on April 22

Apr 22, 2021

Credit: BCCL

Hero MotoCorp

It will halt operations temporarily for 4 days between April 22 to May 1 due to the surge in COVID-19 cases across the country.

Credit: Hero MotoCorp

Nestle India

It announced a 14.6 percent increase in revenue to ₹602 crore in the March 2021 quarter, year-on-year. It has declared an interim dividend of ₹25 per share.

Credit: Nestle India

HDFC

It has partnered with Indiabulls Housing Finance for co-lending housing loans in a ratio of 80:20, wherein HDFC will retain 80 percent of the loan while Indiabulls gets 20 percent.

Credit: HDFC

KEC International

It has secured new orders worth ₹1,245 crore across verticals, taking its total orders for FY21 to ₹11,876 crore.

Credit: KEC International

ICICI Securities

It has reported a 54 percent increase in revenue to ₹739 crore, while net profit jumped 111 percent to ₹329 crore, year-on-year.

Credit: ICICI Securities

Dilip Buildcon

It has approved a qualified institutional placement of its equity shares at ₹568.41, which is at a discount of 4.48 percent compared to the closing price on April 19.

Credit: Dilip Buildcon

Tata Steel BSL

It reported a net profit of ₹1,914 crore in the March 2021 quarter, up from ₹5.93 crore a year ago, while revenue jumped 53 percent to ₹1,547 crore.

Credit: Tata Steel BSL

Wockhardt

It will raise ₹150 crore via private placement of non-convertible debentures.

Credit: Wockhardt

State Bank of India

Its subsidiary SBI General Insurance has been fined ₹25 lakh for violating provisions of the Insurance Act, 1938.

Credit: SBI

Swaraj Engines

It doubled its profit to ₹32.6 crore in the March 2021 quarter while revenue jumped to ₹305 crore from ₹175 crore a year ago.

Credit: Swaraj Engines