Overnight Digest: Stocks to keep an eye on April 22

On Thursday, the bulls took the charge and forced the benchmark indices to close on a higher note. The broader markets also replicated the benchmark indices and closed in green. 

Globally, on the back of inflation worries, crude prices, and the war in Ukraine shares in Europe & US traded with mixed cues being cautiously optimistic. In Asia, the shares in Japan, South Korea, and Australia rose while that in Hong Kong & Shanghai slipped.

At the close, Sensex was up by 874.18 points or 1.53 per cent at 57,911.68 and Nifty was up by 256.10 points or 1.49 per cent at the 17,392.60 level.

On the sectoral front, bank, pharma, auto, IT, power, realty & capital goods indices were the leaders, gaining between 1 and 2 per cent. BSE Midcap and Smallcap indices gained 1 per cent each.

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

Angel One – On Thursday, the stock jumped attractively i.e. more than 17 per cent on a sound set of numbers reported for Q4FY22. In Q4FY22, the company reported a net profit, which increased 24 per cent on a QoQ basis and 94.6 per cent on a YoY basis at Rs 205 crore on the back of healthy volume growth. The operating revenue rose by 16 per cent QoQ and 77 per cent YoY, reaching Rs 410 crore, driven by a healthy performance across broking & interest income. The management commented that the company experienced its best-ever quarter in Q4FY22 across its operational and financial metrics. The stock closed 17.84 per cent higher on Thursday.

Gland Pharma - In the past two trading sessions, the company has outperformed the benchmark index, gaining up to 11 per cent against a 2 per cent rise in Sensex. The share has touched its nine-month high price of Rs 3,556 per share on the back of heavy volumes. It has crossed its 50-day and 100-day moving averages on the daily chart during Thursday's trading session. The RSI, as well as MACD indicators, are also giving bullish signs. The share ended the trading session 5.49 per cent up. The stock is trading at its highest level since February 14, 2022.

Nestle India - The shares of Nestle India contracted 1.12 per cent in an otherwise higher market post declaration of Q4FY22 results. The company's net profit slipped 1.2 per cent on a YoY basis to Rs 594.7 crore in January to March quarter. It had posted a net profit of Rs 602.25 crore in the corresponding quarter last year. The company reported a near 10 per cent YoY growth in the total income to reach Rs 4,002.14 crore from Rs 3,640.47 crore. Exports declined 1 per cent due to changes in product mix while domestic sales were led by volume growth and sales mix. The stock closed ___ per cent lower on Thursday. 

Maruti Suzuki - The company announced that it has launched the All-New XL6. The most premium offering from NEXA, the All-New XL6 with a bolder design, enhanced comfort features, in-built connected technology, and next-gen powertrain offers an immersive & indulgent driving experience. Inspiring the future of indulgence, the All-New XL6 empowers the expression of individual identities, which aspire for the finer things in life and take out the time to indulge. The All-New XL6 enables NEXA customers to revel in utmost comfort while maintaining discernible tastes. The stock has zoomed 2.85 per cent and closed at Rs 7,877 per share on Thursday.