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Sentiment among global investors is souring as India’s tally of daily infections climbs to successive records. Global funds have turned net sellers of local stocks in April after a six-month buying spree, helping make the Sensex this month’s biggest loser in Asia. Foreign investors have sold $716 million of local shares through April 19.
Stock Insight
Alok Industries Ltd. rose 7.1%, more than any full-day gain since March 3. Trading volume was double the average for this time of day. The stock was the best performer among its peers.
Why A Renewables InvIT Is Critical For Tata Power’s Plan To Pare Debt
Read the full report here
Fidelity, Invesco Look to Buy Into India’s Virus-Led Stock Slump
Shares of the Tata group company rose nearly 9.6% after reporting a net profit has increased 40.3% jump in fourth-quarter net profit.
Its revenue from operations rose 18.1% to Rs 518.39 crore for the said quarter from Rs 438.88 crore in the corresponding period last fiscal, it added.
The company continued to execute strongly on its growth aspirations with over 9% quarter-on-quarter revenue growth in constant currency, Tata Elxsi CEO and MD Manoj Raghavan said in a statement.
This Segment Is Expected To Boost Oil Firms’ Q4 Earnings
Read the full Jefferies note here
India’s ‘Casino’ Type Midcap Rally May Be Poised for a Break
MPC Minutes: Committee Worried About Impact Of Covid Second Wave On Growth
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