5 Most Important Stocks Of April 2022 For Investment

 5 Most Important Stocks Of April 2022 For Investment

The optimistic outlook of the Indian stock market as of April 2021 has a lot to do with a low rate of interest across the globe and optimism around vaccines. A pro-expansionary budget has led the investors to believe profits growth will follow investments from the government sooner or later. Since the 2021-22 financial year is almost over, let us have a look at the most important stocks of April 2022 that you can rely on for greater earnings. 

Important Stocks Of April 2022

Before we start with the top 5 best stocks to buy now. All of these have led to the latest highs for Nifty. Risks can come from:

  • Increasing oil prices
  • Increasing interest rates in the United States
  • Synchronous global market correction as US multi-year economic expansion is behind us.

With that let us have a look at the most important stocks for April 2022.

1. ONGC

The government aims to sell over 9.43 crore equity shares (0.75% of completely paid up equity) via an offer for sale on March 30 and March 31. The government also has a choice to sell another lot of over 9.43 crore equity shares through OFS, collectively portraying a 1.5 percent stake. The floor value for the offer has been fixed at Rs 159 for each share.

About The Company

ONGC was established on 14 August 1956 by the Indian Government. It is associated with exploring for and also exploiting hydrocarbons in 26 sedimentary basins of this nation and owns and functions in more than 11,000 kilometers of pipelines in the nation. Its international subsidiary ONGC Videsh presently has projects in 17 nations.

2. Hero MotoCorp

The two-wheeler maker will raise ex-showroom values of its scooters and motorcycles, with effect from April 5, 2022, to partly offset the effect of rising commodity prices. The price rise will be up to Rs 2,000 and the exact quantum of rising will be subject to prominent models and the market. This is another important name in the list of best stocks to invest in right now.

About The Company

Hero MotoCorp Limited, previously Hero Honda, is an Indian multinational scooter and motorcycle manufacturer headquartered in New Delhi. The entity is the biggest two-wheeler manufacturer in the world, and also in this nation where it has a market share of about 37.1 percent in the two-wheeler industry. As of 27 May 2021, the market cap of the business was ₹59,600 crore (US$7.8 billion).

3. Suraj Industries

The company revealed that the board has authorized the preferential issue of equity shares worth Rs 23.99 crore and also convertible warrants worth Rs 7.99 crore. It also authorized investment for up to 55% equity in Carya Chemicals & Fertilizers.

About The Company

Suraj Industries Ltd. produces drilling machines for imports and mining and distributes hydraulic motors, pumps, valves, and kits, and also electrical and engine spare parts. The entity markets its commodities to mining, civil, tunneling, and construction companies.

4. RSWM

The business has entered into a definitive business transfer agreement with PICDPL (Pegasus Inland Container Depot Private Limited), for the sale or transfer of PFT (private freight terminal) for Rs 33 crore.

About The Company

RSWM, founded in 1960 as Rajasthan Spinning & Weaving Mills, has business interests in niches of fabrics, garments, yarn, and denim. It is among the largest exporters and producers of polyester viscose blended yarn in the nation. RSWM has constructed one of the most convincing textile manufacturing infrastructures in India which include 8 state–of–the–art production plants; 176 looms 100,000 MTA yarn capacity: 35.6 MMA fabric capacity, 360.000 spindle machines; that include denim fabric. The entity is part of the LNJ Bhilwara Group. RSWM markets its commodities under the brand name Mayur Suitings for which it roped in Salman Khan as its brand ambassador.

5. IDBI Bank

The board has approved in-principle approval for divestment of stake up of the bank to 11.10 percent in NSDL (National Securities Depository) via market driven process and also granted to sell the complete stake of the bank in Ageas Federal Life Insurance Company to Ageas Insurance International NV (Ageas) under the operation of a Call option by Ageas.

About The Company

As a universal financial institution, IDBI Bank Ltd. touches the lives of millions of Indians via a wide array of banking services and products. Along with that, the Bank has a foundation presence in related financial sector businesses that include investment banking, capital market, and also mutual fund business.

Conclusion

The 2021-22 financial year is almost over, and to start a new beginning of your financial life we are here with the most important stocks for April 2022 that you consider investing to get a good return. So if you are wondering about the best stocks to buy for 2022 in India then this is the ideal article for you. But it is always advised to do your own research before you plan to invest your hard earned money in any kind of investment.

Yaseer Rashid

Yaseer Rashid got a degree in Journalism and worked as a freelancer. Later he joined News Magnify as a Business and stock writer.

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