Trade Setup for April 22, 2020

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Stocks to look out for:

Federal Bank: Bank to buy additional stake of up to 4% in IDBI Federal Life Insurance from IDBI Bank.

HDFC: Corporation reduced its retail prime lending rate on housing loans by 15 bps.

Tejas Networks Q4: Loss at Rs 126.53 cr versus profit at Rs 35.89 cr, revenue fell to Rs 54.57 cr versus Rs 273.13 cr YoY.

Shalimar Paints: Equity Intelligence India bought 1.84% stake, Assured Fin - Cap Pvt Ltd 1.28% in company during March quarter.

Kalpataru Power Transmission: Company’s project sites in the country have been partially resumed.

Crompton Greaves Consumer Electricals: Company partially resumed operations at Goa and Vadodara plants in a phased manner.

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