Overnight Digest: Stocks to watch out on April 26
The stocks that are likely to witness significant movement on the bourses on April 26 are Shriram Transport Finance company, Indiabulls Ventures, GHCL, Dish TV and Atul Ltd.
Shriram Transport Finance Company: The company has completed the issuance and allotment of 5.95 per cent Senior Secured Notes for a sum of US$500,000,000 under the US$2,000,000,000 Global Medium Term Note Programme, through the relevant Common Depositories.
Indiabulls Ventures: The company has reported a 4-fold jump in its net profit at Rs. 28.52 crore for the quarter under review as compared to Rs. 7.29 crore for the same quarter in the previous year. Total income of the company increased by 52.97 per cent at Rs. 81.29 crore for Q4FY19 as compared Rs. 53.14 crore for the corresponding quarter in the previous year.
GHCL: The company has reported a rise of 44.31per cent in its net profit at Rs. 118.55 crore for the quarter ended March 31, 2019 as compared to Rs. 82.15 crore for the same quarter in the previous year. Total income of the company increased by 25.96 per cent at Rs. 914.58 crore for the quarter as compared to Rs. 726.11 crore for the quarter ended March 31, 2018.
Dish TV: India has forayed into online Video on Demand segment by launching OTT (over-the-top) platform 'Watcho', and expects to have 10 million user-base within a year
Atul Ltd: The stock will be in focus owing to Q4FY19 results announcement on April 26.