CNBC-TV18's top stocks to watch out for on May 6

SUMMARY

The Indian market is likely to open higher on Thursday amid positive global cues. At 7:15 am, the SGX Nifty was trading 76.5 points or 0.52 percent higher at 14,769.50, indicating a positive start for the broader index in India.

By CNBC-TV18May 6, 2021 7:33:11 AM IST (Published)

Tata Steel | The company posted a consolidated profit of Rs 6,644.1 crore in Q4FY21 as against a loss of Rs 1,481.3 crore, YoY. Consolidated revenue from operations rose 38.8 percent to Rs 49,977.4 crore from Rs 36,009.4 crore, YoY.

Tata Motors | The Competition Commission has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to dealership agreements.

Wipro | The company has partnered with Transcell Oncologics to transform vaccine safety assessment using augmented intelligence.

Cipla | Roche India has received Emergency Use Authorisation (EUA) for its antibody cocktail (Casirivimab and Imdevimab) in India. This EUA will now enable Roche to import the globally manufactured product batches to India and will be marketed as well as distributed in India through a strategic partnership with Cipla Ltd.

Maruti Suzuki | The company’s total production in April 2021 fell 7 percent to 1,59,955 units from 1,72,433 units in March 2021.

IDBI Bank | The Cabinet Committee on Economic Affairs (CCEA) has granted approval for strategic disinvestment of the bank.

Adani Green Energy | The company reported a consolidated profit of Rs 104 crore for Q4FY21 against Rs 56 crore, while revenue rose to Rs 986 crore from Rs 696 crore, YoY.

Godrej Industries | The company’s board has approved the Information Memorandum for issuance of up to 7,500 listed, unsecured NCDs aggregating to Rs 750 crore on private placement basis.

Force Motors | The company’s total production in April stood at 1,042 units. Domestic sales were 1,094 units and exports were 187 units.

JM Financial | The company’s profit in Q4FY21 rose 35.35 percent growth to Rs 176.71 crore from Rs 130.56 crore, while revenue remained flat at Rs 841.13 crore, YoY.

Indian Bank | The bank has declared the NPA account of Saravana Stores with an outstanding balance of Rs 231 crore as fraud.

Maharashtra Seamless | ONGC has issued the letter of award to Jindal Drilling & Industries for the deployment of Jack-up drilling rig ‘Jindal Explorer’ owned by Maharashtra Seamless on charter hire contract for a period of 3 years.

Praj Industries | HDFC Mutual Fund sold 4,34,583 equity shares (0.24 percent) in the company via open market transaction on May 3, reducing shareholding to 6.51 percent from 6.75 percent earlier.

Blue Dart Express | The company reported a net profit of Rs 90 crore in the quarter ended March 2021 as against a net loss of Rs 30.57 crore, YoY. Total income rose 34.11 percent to Rs 975.64 crore from Rs 727.49 crore, YoY.

Earnings Today | Hero MotoCorp, Tata Consumer Products, Adani Power, Adani Transmission, Blue Star, Caplin Point Laboratories, Century Textiles & Industries, Coforge, CreditAccess Grameen, ICRA, IIFL Finance, Procter & Gamble Health, Praj Industries, Raymond, Solara Active Pharma Sciences, Hikal, Ashika Credit Capital, among others.