Overnight Digest: Stocks to keep an eye on April 29

Within Sensex, out of 30, 26 stocks ended the trading session higher.

On Thursday, the equity markets extended their gains after opening in green and ended comfortably higher.  

Sensex surged 701.67 points or 1.23 per cent, settling at 57,521.06 level while Nifty added 206.60 points or 1.21 per cent, closing at 17,245 level.  

Among the sectors, FMCG, power, auto & capital goods gained between 1 and 2 per cent each while in the broader markets, the Mid-Cap as well as small-cap indices also ended on a positive note. Bank Nifty witnessed some buying from the lower levels on the last expiry of the month. 

Within Sensex, out of 30, 26 stocks ended the trading session higher. The top-performing stocks were HUL, Asian Paints, NTPC, Power Grid Corporation, and L&T whereas the only losers were Bharti Airtel, M&M, HCL Tech, and HDFC Bank.  

Keep a watch on these stocks for Friday's trading session: 

The Indian Hotels Company - The company reported a consolidated net profit of Rs 71.57 crore for Q4FY22 as against a net loss of Rs 97.72 crore incurred in Q4FY21. On a consolidated basis, the revenue of Rs 872.08 crore was reported during the quarter in comparison to Rs 615.02 crore in the same period of the previous fiscal. On an annual basis, in 2021-2022, the losses shrunk to Rs 265 crore from Rs 796 crore in FY 20-21. Despite the third wave’s impact, the company reported its highest-ever EBITDA margin of 25.3 per cent. On Thursday, the company's share climbed up 6 per cent to Rs 249.60 and closed 4.98 per cent higher. 

Laurus Labs - For the fourth quarter of FY22, the company reported a consolidated net profit of Rs 230.5 crore against Rs 297 crore reported in Q4FY21. The consolidated revenue advanced 0.9 per cent, standing at Rs 1,424.8 crore in comparison to Rs 1,411.9 crore on a YoY basis. On a YoY basis, the consolidated EBITDA contracted 16 per cent to reach Rs 396.6 crore against Rs 472.3 crore whereas, the consolidated EBITDA margin stood at 27.8 per cent against 33.4 per cent. The shares traded in green throughout the trading session but showed a sharp dip at the end to close 2.45 per cent lower on Thursday.  

Zomato - The shares hit a new low during Thursday's trading session of Rs 74.65, slipping by 2 per cent. In the past two trading sessions, the stock has slipped 6 per cent. In March 2022, the FIIs and MFs have sliced their stake in the company, aggregating to 2 percentage points or 152 million equity shares. In 2022, so far, the stock has dropped 48 per cent, almost slashing the returns into halves. Since April 4, 2022, when Competition Commission of India (CCI) ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged unfair business practices with respect to their dealings with restaurant partners, the stock had declined 13 per cent.  

Pidilite Industries - Pidilite Industries Limited has partnered with GCP Applied Technologies Inc, a global leader in construction products, to offer high-performance waterproofing solutions for challenging sites that have exposure to high-temperature variation & water table, under its brand, Dr Fixit.  As a part of the partnership, Pidilite’s Dr Fixit® will offer GCP’s PREPRUFE® - differentiated, fully-adhered waterproofing membranes and SILCOR® 1100 – fast and secure liquid waterproofing membranes in the Indian market. The stock ended 1.74 per cent higher during Thursday's trading session.