CNBC-TV18's top stocks to watch out for on April 1

SUMMARY

The Indian market is likely to open lower on Wednesday tracking mixed sentiment from Asian peers ahead of the release of Chinese manufacturing activity. At 7:15 am, the SGX Nifty was trading 33.50 points or 0.39 percent lower at 8,522.00, indicating a negative start for the Sensex and Nifty50.

By CNBC-TV18Apr 1, 2020 7:41:22 AM IST (Published)

Auto companies: The automobile companies will release their sales data for the month of March today.

Oil & Gas companies: The government has cut gas prices by 26 percent to $2.39/mmBtu beginning April 1.

SpiceJet: The company has implemented 10-30 percent pay cuts for its employees with its chairman and MD Ajay Singh to take the maximum 30 percent cut.

Jubilant Lifesciences: The company has received EIR with voluntary action initiated status from the USFDA for its solid dosage facility at Salisbury, US.

Indiabulls Housing Finance: The company has bought back secured, redeemable, non-convertible debentures of the face value Rs 10,00,000 each, issued by the company.

Hero MotoCorp: The promoters have acquired 2.76 lakh shares in the company raising their stake by 0.14 percent to 34.77 percent.

Punjab National Bank: The state-run lender has revised MCLR across various tenors with effect from April 1. Base rate has also been reduced by 15 bps to 8.9 percent.

Vodafone Idea: The company has extended the validity of its prepaid plans, availed by low income customers using feature phones, till April 17 and has given a talktime credit of Rs 10.

Adani Transmission: The company has circled up a second tranche of $90 million and concluded its US private placement of $400 million for dollar denominated notes.

Indian Overseas Bank: The lender has reduced Repo Linked Lending Rate to 7.25 percent with effect from April 1. MCLR rates has been revised with effect from April 10.

Hindustan Aeronautics: The company has recorded a turnover of over Rs 21,000 crore for FY20 and the revenue growth stood at 7 percent.

Adani Enterprises: The company has received a letter of Award from NHAI for a road project in Madhya Pradesh for a bid of Rs 866.64 crore.

GE Power India: The company has received a contract by NTPC to supply Wet FGD Systems for a value of Rs 690 crore.

IDFC: The company has completed a transaction for sale of its 30 percent stake in NIIF Infrastructure Finance Ltd for Rs 256.91 crore.