CNBC-TV18's top stocks to watch out for on May 12

SUMMARY

The Indian equity market is set to open lower on Tuesday over concerns that the nationwide lockdown may be extended amid a significant rise in coronavirus-infected cases. At 7:25 am, the SGX Nifty was trading 83.25 points or 0.90 percent lower at 9,149.25, indicating a negative start for the Sensex and Nifty50.

By CNBC-TV18May 12, 2020 7:42:35 AM IST (Published)

Piramal Enterprises: The company reported a loss of Rs 1,702 crore in Q4FY20 as against a profit of Rs 455 crore on year while revenue fell to Rs 3,341 crore versus Rs 3,408.52 crore YoY.

InterGlobe Aviation: The company has clarified that it has not formulated any indicative proposal, nor does it have any interest in Virgin Australia.

Maruti Suzuki India: The company will restart production at Manesar plant from Tuesday with 50 percent workforce.

Godrej Agrovet: The company’s net profit in Q4FY20 fell to Rs 74.58 crore versus Rs 113.69 crore while revenue rose to Rs 1,627.68 crore versus Rs 1,390.91 crore YoY.

Ind-Swift Laboratories: The company has received Establishment Inspection Report from USFDA with zero observations for facility at Derabassi, Punjab.

Ashok Leyland: The company will consider raising Rs 500 crore via NCDs on May 14.

Seamec: HAL Offshore has placed a Notification of Award (NOA) for charter hire of SEAMEC III for 2 years. The contract value is about $22.98 million.

Laurus Labs: Warburg Pincus has reduced its stake in the company to 11.68 percent from 19.63 percent on May 8.

Century Plyboards: The company has partially resumed operations at some manufacturing locations, warehouses, and offices.

Trident: The company will consider raising funds on May 16.

Q4FY20 Earnings: Bandhan Bank, Nestle India, Havells, Blue Star, IndiaMART InterMESH, Sterlite Technologies, Syngene International, among others.