CNBC-TV18's top stocks to watch out for on April 3

SUMMARY

The Indian markets are likely to open higher in line with the global markets. At 7 am, the SGX Nifty was trading 57.75 points or 0.71 percent higher at 8,217.50, indicating a positive start for the Sensex and Nifty50.

By CNBC-TV18Apr 3, 2020 7:25:06 AM IST (Published)

Oil Marketing Companies: The OMCs, Indian Oil, HPCL and BPCL have fully transitioned to BS-VI compliant petrol and diesel starting April 1, but have decided not to pass on the incremental cost of fuel upgrade to the consumers during the COVID-19 crisis.

Tata Motors: Amid the the nationwide coronavirus lockdown, Tata Motors reported a massive year-on-year fall in its sales to 12,924 units in March, compared to 74,679 units in the same month last year.

State Bank of India: The lender has relaxed payment obligation timeline for one-time settlement (OTS), Rin Samadhan and general compromise schemes by three months.

ICICI Bank: The private lender has reduced interest rates saving bank account and term deposit of less than Rs 2 crore by 25 bps.

RBL Bank: The private lender saw a strong operating profit trajectory for Q4 with Net Interest Margin at an all-time high and comfortable liquidity position.

Eicher Motors: The company has reported 42 percent YoY fall in total sales in March to 35,814 units. Exports rose 33 percent to 3,184 units.

ONGC: Moody's Investors Service has downgraded the company’s local and foreign currency issuer ratings to Baa2 from Baa1. The outlook on all ratings remains negative.

Future Retail: Fitch Ratings has downgraded company’s expected Long-Term Issuer Default Rating (IDR) to 'B-(EXP)', from 'BB(EXP)' and has placed the ratings on Rating Watch Negative (RWN).

Indraprastha Gas: The company has cut rate of compressed natural gas (CNG) by Rs 3.2 per kg and that of piped gas by Rs 1.55 per scm in Delhi after a decline in domestic natural gas price on April 1.

IndiaNivesh: The company’s subsidiary IndiaNivesh Shares and Securities Pvt Ltd has disabled all stockbroking services.

Tata Power: The company has completed the sale of an entire 50 percent stake in Cennergi (Pty), South Africa for ZAR 1,550 million.

PVR: ICRA has retained rating at AA-/A1+, but placed the rating on watch with developing implications due to lockdown.