These stocks are likely to be in focus on May 4

These stocks are likely to be in focus on May 4

by 5paisa Research Team Last Updated: 2022-05-02T18:12:03+05:30

At market close on Monday, the Sensex was down by 84.88 points or 0.15% at the 56,975.99 level

and the Nifty was trading at 17,069.10, down by 33.45 points or 0.20% points.

A total of 3,64 shares were traded on the BSE, out of which 1,200 shares have advanced, 2,266 shares have declined and 178 shares are unchanged.

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

HDFC Limited: Shares of HDFC were trading at Rs 3547.70, up by 1.87% as the company announced its financial results for Q4FY22.The operating profit for the quarter ended March 31, 2022, stood at Rs4,622 crore compared to Rs 3,924 crore in the corresponding quarter of the previous year, an increase of 18%. The net profit rose by 16% to Rs 3700 crore, in Q4FY22 from Rs 3,180 crore for the same quarter last year. The scrip of the company ended higher by 1.55%, on the BSE.

TVS Motors Company Limited: TVS Motors has announced the launch of its TVS NTORQ 125 XT, with segment-leading technology. This new variant of TVS NTORQ 125 coupled with its SmartXonnectTM connectivity platform is set to create a new benchmark in the segment with first-in-class features for its connected customers. One of the key features of the scooter includes its segment-first hybrid SmartXonnectTMwith coloured TFT and LCD console. The shares of SBI Life were up by 3.99% on the BSE. The shares of TVS Motors were down by 0.71%, on the BSE.

Canfin Homes Limited: The shares of Can Fin Homes soared 9% in Monday's trading session cheering the investors in an otherwise bearish market. Net Sales for the Q4FY22 stood at Rs 560.99 crore up by 20.06% from Rs. 467.27 crore in March 2021.Quarterly Net Profit at Rs. 122.93 crore in March 2022 up 19.85% from Rs. 102.57 crore in March 2021. On the daily charts, the stock has shown a significant spurt in volume traded as compared to previous trading sessions. The stock is trading in a sideways direction for the past few trading sessions. According to MACD and RSI indicators, the stock is likely to enter a bullish zone. The scrip was 8.33% up, at the market end on the BSE.

52-week high stocks – From the BSE 500 pack, the stocks of NLC India, Mangalore Refinery and Petrochemicals Ltd, Guj Heavy Chemicals, Amber Enterprises, Indian Hotels Company, and CRISIL have hit their 52-week high on Monday.

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