5 Stocks To Watch On April 12

TCS

The IT giant is set to announce its Q4FY24 earnings report. Last month, Tata Sons divested a 0.65 per cent stake in Tata Consultancy Services to alleviate debt burdens. For Q3FY24, the company reported a net profit of Rs 11,058 crore, marking a 2 per cent, increase compared to Rs 10,846 crore in the corresponding quarter of the previous year.

Mahindra and Mahindra

On Wednesday, the automobile major witnessed a decline in share price after hitting a new 52-week-high at 2,108. The company received an order from the Punjab Pollution Control Board (PPCB), mandating the submission of a Rs. 50 lakh Bank Guarantee within 7 days owing to unsatisfactory compliance with certain provisions of the Water (Prevention & Control of Pollution) Act. 

SBI

The shares of the public sector lender will be in focus on Friday as the bank reportedly, declined to disclose the information on electoral bonds, under the Right to Information (RTI) Act, it submitted to the Election Commission of India (ECI).

Bharti Airtel

The telecom firm was among the top gainers on Wednesday. According to a report by Antique Stock Broking, Bharti Airtel is projected to witness a 38 per cent surge in its average revenue per user (ARPU) over the next three years, reaching Rs 286. This growth figure is largely attributed to prospective hikes in tariffs.

HUL

Shares of Hindustani Unilever will be in focus on Friday. The Calcutta High Court issued an order prohibiting the consumer goods giant from using the ‘Glow & Handsome’ label to market its line of men’s care products. This action comes in response to a lawsuit filed by rival Emami Ltd.