Indian shares are likely to open lower on Tuesday as Prime Minister Modi tells states that the lockdown may have to be extended. Global markets also traded lower as the spread of coronavirus continued weighing investors sentiment. At 7:20 am, the SGX Nifty traded 1 percent or 95 points lower to 9,137, hinting at a weak start for the Sensex and Nifty50.
Here are top 10 buzzing stocks for today:
1. 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.
2. InterGlobe Aviation: The company has clarified that it has not formulated any indicative proposal, nor does it have any interest in Virgin Australia.
3. 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.
4. Ind-Swift Laboratories: The company has received Establishment Inspection Report from USFDA with zero observations for facility at Derabassi, Punjab.
5. Ashok Leyland: The company will consider raising Rs 500 crore via NCDs on May 14.
6. 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.
7. Maruti Suzuki India: The company will restart production at Manesar plant today with 50 percent workforce.
8. Laurus Labs: Warbug Pincus has reduced its stake in the company to 11.68 percent from 19.63 percent on May 8.
9. Century Plyboards: The company has partially resumed operations at some manufacturing locations, warehouses, and offices.
10. Trident: The company will consider raising funds on May 16.