These stocks are likely to be in focus on May 17

These stocks are likely to be in focus on May 17

by 5paisa Research Team Last Updated: 2022-05-16T16:55:48+05:30

At market close on Monday, the Sensex was up by 180.22 points or 0.34% and at 52,973.84 level and the Nifty 50 was trading at 15,842.30 up by 60.15 points or 0.38%.

A total of 3,577 shares were traded on the BSE, out of which 2,232 shares have advanced, 1,165 shares have declined and 180 shares are unchanged.

The top trending stocks on the BSE were ACC, Affle India, Amber Enterprises, CRISIL, Idea, Elgi Equipments, and Avenue Supermarts.

These stocks are likely to be in focus for Tuesday's trading session -

Mindtree Limited: Mindtree and Finastra, a leading financial technology provider, have announced a partnership to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service. As part of the partnership, Mindtree will host Finastra’s proven payments solution in the cloud and handle the integration of the technology across the rest of the banks’ existing solutions, minimizing risk and boosting efficiency for users. The shares of Mindtree ended lower by 0.01%, on the BSE.

Tata Consultancy Services Limited:  TCS has announced that its award-winning TCS BaNCS™ Cloud product suite spanning banking, capital markets and insurance, is now available on Google Cloud. Powered by Google Cloud’s cutting-edge technology, TCS BaNCS will enable financial services firms with cloud-native capabilities to accelerate digitization and drive their growth and transformation.

The Software as a Service (SaaS)-based TCS BaNCS Cloud is a financial industry cloud solution driving future-ready architecture, cognitive capability, and breadth and depth of functionality to be the preferred solution for financial institutions that are looking to build a new future-ready, scalable digital core. The scrip of TCS ended 1.08% lower, at Rs 3376.65 on the BSE.

CRISIL Limited – The shares of CRISIL went up by 14% and were trading at Rs 3800 on the BSE. CRISIL announced its quarterly results for Q4FY22 a few days ago. The net sales are reported at Rs 594.94 crore up by 20.14%, compared to the Rs 495.20, posted in Q4FY21. The Operating profit also improved and was up by 39.33% and was at Rs 196.38 crore compared to Rs 140.95 crore in the fourth quarter of FY21. The net profit, also increased substantially by 45.62% and was at Rs 121.62 crore, compared to the net profit figure of Rs 83.52 crore in Q4FY21. At the day end, the scrip of CRISIL was at Rs 3687.30, up by 12.36% on the BSE.

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