CNBC-TV18's top stocks to watch out for on May 6

SUMMARY

The Indian market is likely to open lower on Wednesday following mixed Asian peers amid weak global sentiment. At 7:00 am, the SGX Nifty was trading 47.50 points or 0.51 percent lower at 9,190.25, indicating a negative start for the Sensex and Nifty50.

By CNBC-TV18May 6, 2020 7:44:45 AM IST (Updated)

Wipro: The IT major has signed MoU with Maharashtra to repurpose its Pune facility to a 450-bed COVID-19 hospital.

Piramal Enterprises: The company has clarified that there was no proposal placed for approval before its board w.r.t KKR buying 20 percent stake in the company.

NIIT Technologies: Net profit of the company in Q4FY20 fell to Rs 113.6 crore from Rs 123.3 crore in the previous quarter. Revenue rose to Rs 1,109.3 crore versus Rs 1,073.4 crore, QoQ.

Adani Ports & SEZ: The company’s net profit in Q4FY20 declined to Rs 334.39 crore versus Rs 1,285.38 crore while revenue fell to Rs 2,921.2 crore versus Rs 3,082.49 crore, YoY.

Punjab & Sind Bank: The bank’s board has approved raising up to Rs 500 crore via Qualified Institution Placement (QIP).

UBL: The company has resumed its operations with a limited workforce in a phased manner at its breweries located in states where permitted.

VST Tillers Tractors: Total Power tiller sales in April rose to 761 units versus 289 units, while tractors sales declined to 328 units as against 432 units, YoY.

United Spirits Ltd: The company has resumed operations at majority of its manufacturing facilities with reduced capacity. It expects to receive few more permissions in the next few days.

Rallis India: Net profit in Q4FY20 fell to Rs 0.65 crore versus Rs 1.52 crore, revenue rose to Rs 346.29 crore versus Rs 339.69 crore, YoY.

Astec Lifesciences: The company’s net profit in Q4FY20 rose to Rs 31.17 crore from Rs 12.72 crore and revenue jumped to Rs 180.57 crore versus Rs 133.75 crore, YoY.