Overnight Digest – Stocks to look out for on April 26
DSIJ Intelligence / 25 Apr 2016
The stocks which could see a significant movement on April 26 are Axis Bank/IDFC Bank/Mysore Bank, Vakrangee Ltd, Biocon, UltraTech, HDFC etc.
The stocks which could see a significant movement on April 26 are Axis Bank/IDFC Bank/Mysore Bank, Vakrangee Ltd, Biocon, UltraTech, HDFC etc.
a) Axis Bank/ IDFC Bank/ Mysore Bank: Banking stocks can see a lot of movement on April 26 as major banks will declare their Q4FY16 results tomorrow. Following are the banks which will declare their Q4FY16; Axis Bank, IDFC bank, Mysore Bank etc.
b) Vakrangee Ltd. has informed BSE regarding a Press Release dated April 25 titled "Vakrangee announces Corporate Agency tie up with Reliance General Insurance Company Limited. The stocks of Vakrangee Ltd. could see a significant movement on April 26.
c) Biocon: Biocon is expected to post its quarterly earnings on April 26 and therefore being a company with a non - cyclical nature, the Q4FY16 results is expected to be positive. Therefore it is expected that the stock could further see a movement on April 26.
d) UltraTech Cement: With UltraTech Cement posting strong earnings on Q4FY16 basis, the stock on April 26 can see a significant movement as markets could reflect the results.
e) HDFC: HDFC stocks on April 26 can see a significant movement as the largest mortgage banker has decided to issue a bond worth 500 crores for a period of 5 years via private placement.
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