CNBC-TV18's top stocks to watch out for on April 15

SUMMARY

The Indian market is likely to open lower on Wednesday following losses in Asian markets as the economic impact of the coronavirus pandemic continued to weigh on investor sentiment amid an extended lockdown in the country. At 6:45 am, the SGX Nifty was trading 9.75 points or 0.11 percent lower at 9,205.75, indicating a negative start for the Sensex and Nifty50.

By CNBC-TV18Apr 15, 2020 7:00:13 AM IST (Published)

Wipro: The IT major will release its March quarter earnings today.

Maruti Suzuki India: Suzuki Motor Gujarat Pvt Ltd (SMG) has extended the suspension of the production of cars till further notice.

Bharat Forge: The company has decided to further extend the suspension of its operations at all the offices and manufacturing locations in India till further notice.

DCB Bank: The bank’s deposits in Q4FY20 rose 6.8 percent YoY to Rs 30,373 crore. Advances rose 7.6 percent YoY but declined 0.2 percent on quarter. The bank reported a sequential decline in loan book for the first time in last 16 quarters.

Biocon: The company and Mylan has launched Fulphila, biosimilar Pegfilgrastim, in Australia which is used for the treatment of cancer patients following chemotherapy.

Dr Reddy’s Laboratories: The pharma major has launched Amphetamine Sulfate Tablets, USP, in the US market.

Muthoot Finance: Moody’s Investors Service has affirmed company’s 'Ba2' Corporate Family Rating and changed its outlook to 'Negative' from 'Stable'.

Future Enterprises: Brickwork Ratings has placed the ratings on the company’s NCD on credit watch with negative implications on account of ongoing challenges faced in maintaining liquidity buffers due to a significant decline in operational cash flows because of the severe impact on the company due to COVID-19 and economic slowdown.

Dalmia Bharat Sugar: The company has started manufacturing hand sanitizers at its distillery units in Uttar Pradesh and Maharashtra.

IIFL Finance: Moody’s has placed company’s Ba3 Corporate Family Rating (CFR), (P)Ba3 foreign and local currency senior secured MTN program ratings, and Ba3 senior unsecured debt rating under review for downgrade.

Galaxy Surfactants: A small intermediate feed tank blast at the company’s Tarapur M-3 plant has led to 2 fatalities and 3 injuries.