The Indian market is likely to open higher on Monday amid subdued trends in Asian peers. At 7 am, the SGX Nifty was trading 88.25 points or 0.96 percent higher at 9,310.25, indicating a positive start for the Sensex and Nifty50. Here are today’s top 10 buzzing stocks:
NSE
1. Reliance Industries:
The company’s adjusted profit in Q4FY20 was at Rs 10,813 crore versus Rs 12,018 crore while revenue was reported at Rs 1.36 lakh crore versus Rs 1.41 lakh crore, QoQ. The company announced Rs 53,125 crore rights issue in the ratio of 1:15 at Rs 1,257 apiece.
2. Tech Mahindra: The IT major reported net profit of Rs 803.9 crore in Q4FY20 versus Rs 1,145.9 crore and revenue of Rs 9,490.2 crore versus Rs 9,654.6 crore, QoQ.
3. Hindustan Unilever: The company reported net profit of Rs 1,519 crore in Q4FY20 versus Rs 1,538 crore and revenue at Rs 9,011 crore versus Rs 9,945 crore, YoY.
4. Maruti Suzuki India: The company saw zero sales in the domestic market in April as all production facilities were closed. It exported 632 units from Mundra port.
5. Tata Motors: The company sold and transferred GDC business on a slump sale basis for Rs 10.3 crore to subsidiary TML Business Services.
6. Mahindra & Mahindra: Total tractor sales in April plunged 83 percent to 4,772 units against 28,552 units (YoY).
7. Axis Bank: Fitch Ratings has downgraded the bank’s Viability Rating to ''bb'' from ''bb+''
8. Yes Bank: The bank has appointed Neeraj Dhawan as its chief risk officer with immediate effect for a period of three years.
9. RBL Bank: The bank appointed Deepak Kumar as the Chief Risk Officer for a period of two years.
10. ICICI Lombard General Insurance: The company posted a 23.8 percent YoY rise in its March quarter net profit at Rs 281.93 crore due to a reduction in underwriting losses.