Reliance, TCS, Aditya Birla, Vedanta, Spicejet, and Jio Financial Services are the top 10 stocks to buy today (16-04-24); see the market experts’ best share picks here
The BSE Sensex ended at 73,300.78, down 1.16%, while the Nifty 50 finished at 22,277.85, down 1.07%.
ONGC, Hindalco, Maruti Suzuki, Nestle India, and Britannia were among the top gainers in the Nifty 50, while Shriram Finance, Bajaj Finserv, Wipro, ICICI Bank, and Eicher Motors were among the prominent losers.
The following stocks will be highlighted on Tuesday, April 16:
TCS Stock: In Londrina, Paraná, Brazil, Tata Consultancy Services (TCS) has announced the opening of a new delivery center. Over the next five years, this new center is expected to generate more than 1,600 new jobs.
JSW Infrastructure Stock: Arun Maheshwari was reappointed by JSW Infra as the company’s CEO and joint managing director with effect from April 18, 2024.
Crisil Stock: On Tuesday, the business will release its Q4 earnings.
Sula Vineyards Stock: On April 12, 2024, the firm purchased ND Wines Private Limited and signed a share purchase agreement with the company’s stockholders.
MRPL, Oil India, ONGC, RIL, and Chennai Petro Stocks: The windfall tax on crude oil has been raised by the government to Rs 2800 per tonne.
Gujarat Gas/IOC Stock: The firm and Indian Oil Corporation signed a non-binding agreement for the latter’s alternative fuels to be supplied at Gujarat Gas locations.
Jio Financial Services Stock: In order to launch a wealth management and brokerage business, the firm and Blackrock have partnered 50:50.
The market share of Indigo climbed to 60.5% in March, compared to 60.1% in February, according to Interglobe Aviation and Spicejet Stock. In contrast, Spicejet has seen a little increase to 5.3% month over month.
Vedanta Stock: The business has obtained an 11-year loan from the PFC for a total of Rs 3900 crore.
Happy Forgings Stock: The firm received a fresh order from a multinational manufacturer for Rs 500 crore, and it would provide between Rs 60 and Rs 70 crore annually.
VST Industries Stock: At an average price of Rs 3689.96 per share, veteran investor RK Damani purchased 2.33 lakh shares, representing 1.5% of the company. In contrast, HDFC Mutual Fund sold 3.3 lakh shares, or 2.1% of the total, for Rs 3690 each.
The Massachusetts Institute purchased 66 lakh shares of Marksans Pharma at a price of Rs 158 each.
Aditya Birla Capital Stock: Group chairman Kumar Mangalam Birla and CEO Vishakha Mulye are expected to be present when the business makes a significant announcement today at 11:45 a.m.
The brokerage company Jefferies launched its opinion on Bharti Hexacom stock, recommending a buy with a target price of Rs 1080 per share.
Morgan Stanley assigned an overweight rating to Varun Beverages stock, with a target price of Rs 1701.
