Stocks To Watch: Mindtree, HPCL,Torrent Power

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HPCL reported a 28.6 per cent rise in standalone revenue to Rs 3,018 crore in quarter ended March 2021

The home inventory markets arev prone to have a gap-up opening, on the again of optimistic world cues. Wall Street had a agency closing in a single day, Asian markets are off to a cheerful begin and tendencies on SGX Nifty point out a robust opening for the indices again house. At 7:30 am, the Nifty futures have been buying and selling at 15,053, larger by 115 factors or 1 per cent, on the Singapore Stock Exchange.

On Thursday, the Sensex had ended 0.68 per cent decrease at 49,565 and Nifty had declined 0.83 per cent to shut at 14,906.

Stocks to observe in commerce in at present’s session

Mindtree

Mindtree will purchase the NxT Digital Business, the cloud-based platform of L&T, for a complete consideration of Rs 198 crore. The acquisition is predicted to boost Mindtree’s cloud-based web of issues and synthetic intelligence capabilities for Industry 4.0.

HPCL

HPCL reported a 28.6 per cent rise in standalone revenue to Rs 3,018 crore within the quarter ended March 2021 from Rs 2,345.6 crore in the identical quarter final yr.

Torrent Power

Torrent Power reported consolidated revenue at Rs 398.1 crore in Q4FY21 in opposition to a lack of Rs 273.94 crore in Q4FY20, whereas revenues rose to Rs 3,084.13 crore from Rs 2,983.5 crore on a YoY foundation.

Zee Entertainment Enterprises

Zee Entertainment Enterprises reported a consolidated revenue of Rs 275.8 crore within the March quarter in opposition to a lack of Rs 766.7 crore within the corresponding quarter final yr.



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