Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could advance 117 points at the opening bell. Investors continue to watch the Covid situation in India. The Covid situation in India remains severe as the country continues to battle a startling rise in new coronavirus infections. On Sunday, nearly 350,000 new daily infections were registered. Here is the list of top stocks that could be in focus on April 26.
ICICI Bank: The bank reported net profit of Rs 4,403 crore in Q4-2021, up 260.61% compared with net profit of Rs 1,221 crore in Q4-2020. Total income during the quarter increased by 2.2% year-on-year (YoY) to Rs 23,953.02 crore. Provisions (excluding provision for tax) were Rs 2,883 crore in Q4-2021 compared to Rs 5,967 crore in Q4-2020. Provision coverage ratio was 77.7% at 31 March 2021.
HCL Technologies: HCL Technologies reported 25.6% drop in consolidated net profit to Rs 2,962 crore on 1.8% rise in revenues to Rs 19,642 crore in Q4 FY21 over Q3 FY21. The IT firm’s consolidated net profit declined 6.1% while revenues jumped 5.7% in Q4 FY21 over Q4 FY20. With respect to FY22 guidance, the company expects revenue to grow in double digits in constant currency for FY’22. It expects EBIT margin to be between 19% and 21% for FY’22.
Earnings today: Alok Textiles, Delta Corp, HDFC Life, SBI Card and Tech Mahindra are slated to announce their March quarter results on Monday.
Mahindra & Mahindra Financial Services: The company reported 8% decline in consolidated net profit at Rs 216.34 crore for the quarter ended March 2021.
ONGC: ONGC said the company’s board has appointed Subhash Kumar, director (finance), as chief executive officer (CEO) of the company.
Indiabulls Real Estate: Indiabulls Real Estate posted a consolidated net profit of Rs 94.42 crore in Q4 March 2021 as against net loss of Rs 109.79 crore in Q4 March 2020.Net sales for Q4 March 2021 zoomed 529% year-on-year to Rs 731.73 crore.
GNA Axles: On a consolidated basis, GNA Axles’ net profit surged 497% to Rs 27.63 crore in Q4 FY21 as against a net profit of Rs 4.63 crore in Q4 FY20. Net sales during the quarter increased 71.6% year-on-year (YoY) to Rs 310.12 crore.
Ramco Systems: Ramco Systems announced that it has established a wholly-owned subsidiary in Japan to carry on the business operations in the region.
Hathway Cable: Shares of Hathway Cable & Datacom will be in focus. Jio Content Distribution Holdings, Jio Internet Distribution Holdings and Jio Cable and Broadband Holdings, part of the promoter & promoter group, propose to sell 11.61% stake in Hathway Cable & Datacom. The floor price for the OFS is Rs 21.50 per equity share. The OFS will open on 26 April 2021 (T day) for non-retail investors and on 27 April 2021 (T+1 day) for retail investors and for non-retail investors who choose to carry forward their un-allocated bids from T day.
Hester Biosciences: The company will produce research-based herbal products for poultry, cattle, sheep, goat and swine.
Wendt: Wendt (India) reported a net profit of Rs 5.97 crore in Q4 FY21 as against net loss of Rs 1.09 crore in Q4 FY20. Net sales during the quarter surged 83% year-on-year (YoY) to Rs 40.59 crore.
Ramkrishna Forgings: The company announced that it has started commercial production of 7000T press from its Plant-V, situated in Jamshedpur, with effect from 22 April 2021.