RIL, Punjab National Bank, Bharat Forge, M&M, Britannia, Bank of India, rate sensitive stocks in focus

Nifty is positioned in any respect time highs, there is no such thing as a indication of any reversal sample unfolding on the swing highs, mentioned an analyst. Picture: Reuters

Nifty futures have been buying and selling 21.80 factors or 0.14 per cent down at 15,693.20 on Singaporean Alternate. On Friday, BSE Sensex and Nifty 50 have been prone to begin on a cautious notice. Within the earlier session, benchmark indices settled at document highs. Sensex ended at 52,232, whereas the broader Nifty 50 index at 15,690. At the moment, all eyes can be on RBI’s financial coverage end result. Technical charts recommend that the brief time period pattern of Nifty continues to be optimistic. “Nifty is positioned in any respect time highs, there is no such thing as a indication of any reversal sample unfolding on the swing highs. The following upside ranges to be watched round 15800-15900 ranges within the subsequent few periods. Fast assist is positioned at 15575,” mentioned Nagaraj Shetti, Technical Analysis Analyst, HDFC Securities.

Shares in focus

PNB, Financial institution of India: A complete of 34 BSE-listed firms together with Punjab National Bank, Financial institution of India, Bharat Forge, MOIL, Balkrishna Paper Mills, Jubilant Pharmova, NIIT, Paisalo Digital, Pennar Industries, Simbhaoli Sugars, and Varroc Engineering, are scheduled to announce Januray-March quarter earnings.

Reliance Industries Ltd: The digital commerce and service provider partnerships enterprise of RIL accounted for about 10% of the retail phase revenues within the monetary 12 months 2020-2021. Reliance Industries Ltd spent Rs 1,140 crore within the fiscal ending March 2021 on company social duty (CSR) initiatives together with Covid-19 assist, rural transformation, training, well being, sports activities and catastrophe response.

Mahindra & Mahindra: Ministry of Defence signed a contract with Mahindra Telephonics Built-in Methods for procurement of 11 airport surveillance radars with monopulse secondary surveillance radar for Indian Navy and Indian Coast Guard. The procurement, at a value of Rs 323.47 crore, can be made beneath the ‘purchase & make’ class.

Britannia Industries: The FMCG main Britannia Industries mentioned its board has permitted a proposal to lift Rs 698.51 crore by issuing bonus debentures to eligible fairness shareholders. The bonus debentures are proposed to be listed on BSE and National Stock Exchange of India (NSE).

Nucleus Software Exports: Nucleus Software program Exports revenues got here in at Rs 490.99 crore for the 12 months ended March 31, 2021, as in opposition to Rs 507.95 crore in 2019-20 on a standalone foundation. On a consolidated foundation, the revenues stood at Rs 553.09 crore for the 12 months ended March 31, 2021, as in opposition to Rs 558.06 crore in 2019-20.