The derivative analyst from HDFC Securities recommends buying Infy 1,600 Call and simultaneously selling 1,640 Call for the May expiry.
CARE Ratings has moved ratings of the company's instruments and facilities to "issuer not cooperating" category.
With the recent fundraise (QIP: Rs 300 crore), the company has strengthened its balance sheet with a repayment of around Rs 300 crore debt, post which Gokaldas Exports has become net debt free.
The stock was quoting lower for the sixth straight day, down 6 per cent during this period.
With the economy picking up, the management expects the demand for motorcycles and scooters to see a positive turnaround in the coming months.
The company has a strong order backlog as of March 31, 2022, at Rs 5,229 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters.
The board will meet on May 12, 2022, to consider the proposal for buyback of equity shares of the company, the quantum, and mode of buyback.
Stocks to Watch: Adani Power, Adani Transmission, CEAT, Dabur India, Marico, Exide Industries, Happiest Minds Technologies, and Indus Towers will be in focus ahead of theur Q4 results.
At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.
The Enforcement Directorate, on Saturday, "seized" over Rs 5,551-crore worth fund of Chinese mobile manufacturing company Xiaomi for violating the Indian foreign exchange law
Shilchar Technologies hit a new high of Rs 671.25, zooming 20 per cent on the BSE in Wednesday's intra-day trade amid heavy volumes
Shares of Zomato hit a new low of Rs 64.70, down 7 per cent on the BSE in Wednesday's intra-day trade
The company's board will meet on Monday, May 9, 2022 to consider the issuance of bonus shares.
Titan's jewellery division's revenue growth trajectory disappointed due to the dual impact of Omicron Covid variant in Jan and a sharp rise in gold prices in March deferring customer purchases.
The company delivered robust top-line growth of 15 per cent and a mid-single digit volume growth in March quarter (Q4FY22).
Stocks to Watch Today: Tata Steel has announced a 46.8 per cent jump in Q4 net, and also announced a 10:1 stock split; LIC's Rs 21,000 crore IPO opens today.
According to the technical analyst from Anand Rathi, IndusInd Bank has managed to break out from its four-month consolidation range, and can now rally towards Rs 1,070.
Veranda Learning was locked at the upper circuit for the eight straight trading day, up 5 per cent at Rs 291.20 on the BSE, and had zoomed 70 per cent since April 20.
Amber Enterprises is a market leader in domestic room air conditioner (RAC) industry and air conditioning industry for mobility applications such as railways, metros, buses etc.
The company has guided for a revenue growth between 1 per cent and 3 per cent for the first quarter of FY23