Stocks in Focus on May 5: Snapping its four-day rising streak, Domestic shares corrected sharply on Monday, May 4, 2020. The barometer S&P BSE Sensex tumbled 2,002.27 points or 5.94% at 31,715.35. The Nifty 50 index lost 566.40 points or 5.74% at 9,293.50. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, May 5, 2020. List of such five stocks:

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Marico: FMCG Company Marico on Monday posted 7% year-on-year (YoY) fall in consolidated revenue at Rs 1,496 crore for the quarter ended March 2020 against Rs 1,609 crore reported in the corresponding quarter last year. Its adjusted profit after tax (APAT) declined 3% to Rs 204 crore on YoY basis from Rs 213 crore. Its volume slipped 4% on YoY basis. However, operating margin improved to 18.9% over 18.3% YoY. The company’s EBITDA dropped by 4% to Rs 282 crore against Rs 294 crore.

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NBFC in Focus: Reserve Bank of India (RBI) Governor held meetings with the representatives of Non-Banking Financial Companies (NBFCs), including NBFC-Micro Finance Institutions (NBFC-MFIs), and representatives of Mutual Funds (MFs) yesterday in two separate sessions through video conference. Availability of liquidity from banks and other financial institutions was discussed during the meet with the representatives of NBFCs. Other issues discussed included Post lockdown strategies for the supply of credit, including working capital, to MSMEs, traders and bottom of pyramid customers in semi-urban, rural and urban areas and implementation of three months moratorium on repayment of loan instalments announced by the RBI; and strengthening grievance redressal mechanisms.

Liquor stocks in Focus: The Delhi government on Monday announced a ‘special corona fee’ of 70% on the retail price of alcohol which will be applicable from Tuesday.

Rallis India: Ace investor Rakesh Jhunjhunwala has added 2.75 lakh shares in Rallies India, an agrochemicals firm, during the March quarter of FY20. With this, his stakes in Rallies India moved up to 9.93% from 9.79%.

Graphite India/ Amber Enterprises/ Colgate/ Apollo Tyre / Jyothy Labs/ CEAT/ Praj Industries/ Hero Moto: These companies have re-commenced operations at their plants amid COVID-19 pandemic spread.

Graphite India: Started partial operations at its Graphite Electrode plant in Durgapur, West Bengal, Impervious Graphite Equipment plant in Ambad and GRP plant in Gonde, (both in Nashik, Maharashtra), engaging the permitted minimum manpower.

Amber Enterprises India: Re-commenced its operations at the manufacturing facility at certain units with effect from May 4, 2020, after directives issued by the central government and state governments on the exemptions from lockdown to be effective from 4 May 2020.

Colgate-Palmolive: The company has been allowed to resume operations at reduced capacity at all of its manufacturing plants to ensure the supply of vital and essential oral health and hygiene products.

Apollo Tyres: Partially resumes operations at Chennai plant. Operations in Kerala, Gujarat and Hungary had already started from April 25.

Jyothy Labs: Manufacturing plants have partially resumed their activities.

CEAT: It has partially resumed operations at its plants in Nashik, Nagpur and Halol.

Praj Industries: Obtained permission from authorities for the partial resumption of the company’s two units at Kandla with effect from April 21.

Hero Moto: Country’s largest two-wheeler maker Hero MotoCorp on Monday said that it is commencing operations in a graded manner at three of its manufacturing plants — Gurugram, Dharuhera (both in Haryana) and Haridwar (Uttarakhand). Production expected to commence Wednesday onwards.