Overnight Digest: Stocks to look for on April 22

The stocks that are likely to witness significant movement on the bourses on April 22 are Hindustan Foods, DCB Bank, HCL Technologies, RBL bank and Cyient.

Hindustan Foods: The company has received approval to subscribe 8.46 per cent of the paid-up equity share capital of ATC Beverage. The company is subscribing with a view to expand its operations and realizing synergies from the combination of businesses of both companies and devising more comprehensive and integrated solutions.

DCB Bank: The bank has reported a rise of 50.02 per cent in its net profit at Rs 96.33 crore for the quarter ended March 31, 2019, as compared to Rs 64.21 crore for the same quarter in the previous year. Total income of the Bank increased by 26.21 per cent at Rs 926.46 crore for Q4 as compared Rs 734.05 crore for the quarter ended March 31, 2018.

HCL Technologies (HCL): The company has become a Google Cloud Platform (GCP) Premier Partner. The new partnership will help enterprises accelerate the adoption of GCP at scale and further strengthens HCL’s portfolio of cloud services.

RBL Bank: The bank has reported a rise of 38.77 per cent in its net profit at Rs. 247.18 crore for the quarter ended March 31, 2019 as compared to Rs. 178.12 crore for the same quarter in the previous year. Total income of the bank increased by 46.18 per cent at Rs 2,243.35 crore for Q4 as compared to Rs. 1,534.69 crore for the quarter ended March 31, 2018.

Cyient: The company partnered with the India 2022 Coalition in 2018 to lead and develop projects that deliver technology-enabled healthcare solutions in India.