CNBC-TV18's top stocks to watch out for on May 5

SUMMARY

The Indian market is likely to open higher on Tuesday amid short covering after witnessing a sharp fall in the previous session. At 6:50 am, the SGX Nifty was trading 116.25 points or 1.26 percent higher at 9,375.00, indicating a positive start for the Sensex and Nifty50.

By CNBC-TV18May 5, 2020 7:07:35 AM IST (Published)

Marico: The company reported a 50.6 percent fall in net profit in Q4FY20 to Rs 199 crore and revenue declined 7 percent to Rs 1,496 crore, YoY.

ICICI Bank: The bank will consider raising capital via debt on May 9.

Lupin: The company announced positive topline result from Phase 3 study of Single-Dose Solosec for trichomoniasis treatment.

Colgate-Palmolive (India): The company has been allowed to resume operations at reduced capacity at all of its manufacturing plants.

Ashok Leyland: The company has recorded zero production and sales for the month of April due to the nationwide lockdown.

IDFC First Bank: The bank has raised Rs 2,000 crore via a preferential issue. Warburg Pincus, Bajaj Life and HDFC Life have invested in the issue, the bank said.

Manappuram Finance: The company will raise up to Rs 500 crore by issuing rated, secured, redeemable non-convertible debentures on private placement basis.

CEAT Ltd: The company has partially resumed functioning at plants in Nasik, Nagpur in Maharashtra and Halol in Gujarat.

​Automotive Axles: The company has resumed operations of factories and offices at Mysuru and Rudrapur.

Graphite India: The company has started manufacturing operations at various plants.

Q4FY20 Earnings: Adani Ports, SBI Life Insurance, Varun Beverages, NIIT Technologies, Persistent Systems, Astec Lifesciences, Tata Coffee, and Rallis India.