CNBC-TV18's top stocks to watch out for on April 21

SUMMARY

The Indian market is likely to open on a cautious note on Tuesday amid weakness in global markets as investors remained on sidelines after the crude oil prices plummeted to historic lows. At 7:35 am, the SGX Nifty was trading 105 points lower at 9,155, indicating a weak start for the Sensex and Nifty50.

By CNBC-TV18Apr 21, 2020 7:40:08 AM IST (Updated)

Oil Marketing Companies: Indian Oil Ltd, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, among other OMCs will be in focus after the May US WTI contract fell $55.9, or 306 percent, to settle at a discount of $37.63 a barrel after touching an all-time low of -$40.32 a barrel. Brent was down $2.51, or 9 percent, to settle at $25.57 a barrel on Monday.

Infosys: The IT major reported a 3.1 percent QoQ fall in Q4FY20 profit to Rs 4,321 crore, revenue rose 0.8 percent to Rs 23,267 crore. Dollar revenue declined 1.4 percent on a sequential basis to $3,197 million. The company said it is unable to provide a revenue outlook for FY21 due to business uncertainty amid COVID-19 outbreak. It announced the final dividend of Rs 9.50 per share.

Tata Consultancy Services (TCS): Amway has partnered with TCS for strategic IT operations transformation.

Larsen & Toubro: The company has issued NCDs aggregating to Rs 1,250 crore maturing on April 20, 2023.

Morepen Laboratories: The company has received license to manufacture Hydroxychloroquine from State Drug Controller last week for its Baddi plant in Himachal Pradesh and is working to commercialise the production of HCQ in both API as well as tablets form.

Ashoka Buildcon: The company has commenced toll collection at its projects. It has also started operations at most of its road and power projects.

Shriram Transport Finance: The company’s board will seek shareholders no to raise up to Rs 35,000 crore.

JMC Projects: The company’s all four road SPVs have resumed the collection of user fee at all fee plazas on National Highways.

JK Lakshmi Cement: The company’s integrated plants at Rajasthan and Chhattisgarh have become operational and have resumed cement dispatches.

Infibeam Avenues: The company has signed a binding agreement for the acquisition of US-based IT firm AI Fintech for a consideration of $5,000.

HeidelbergCement India: The company has resumed partial operations in some manufacturing units.

Amara Raja Batteries: The company has partially resumed operations at its manufacturing facilities on a limited scale.