CNBC-TV18's top stocks to watch out for on May 11

SUMMARY

The Indian market is likely to open higher on Monday tracking gains in global markets amid hopes of global economies reopening and easing of lockdowns. At 6:45 am, the SGX Nifty was trading 35.0 points or 0.38 percent higher at 9,307.75, indicating a positive start for the Sensex and Nifty50.

By CNBC-TV18May 11, 2020 7:09:39 AM IST (Published)

ICICI Bank: The bank has reported a 26 percent YoY growth in standalone profit at Rs 1,221.36 crore in Q4FY20. NII rose 17.1 percent YoY to Rs 8,926.89 crore, YoY.

Lupin: UK Medicines and Healthcare products Regulatory Agency (MHRA) has successfully closed inspection at three facilities of the company in Pithampur.

State Bank of India: The bank has denied rumours about offering emergency loan scheme to its customers grappling with financial crunch amid the nationwide lockdown.

Cipla: The USFDA inspection at the company’s API manufacturing facility in Bommasandra, Bangalore, has received the Establishment Inspection Report (EIR), indicating closure of the inspection.

Hero MotoCorp: The company’s more than 1,500 retail outlets have resumed sales.

Indiabulls Housing Finance: CARE Ratings has revised the outlook of the company to Negative on account of continued challenges faced by the company in raising debt funds from the market resulting in a reduction in diversification in its resources profile.

Shree Cement: The company’s profit in Q4FY20 rose to Rs 535.93 crore versus Rs 340.05 crore while revenue fell to Rs 3,415.14 crore as against Rs 3,489.35 crore, YoY.

Uttam Galva Steels: The company has posted a net loss of Rs 536.04 crore in Q4FY20 versus a loss of Rs 656.23 crore in the same period last year. Revenue fell to Rs 118.66 crore from Rs 277.12 crore YoY.

India Cements: The company has partially resumed operations at all of its cement plants and grinding units.

SeQuent Scientific: Carlyle Group has entered into binding agreements to acquire a 74 percent stake in the company.

VIP Industries: Ace investor Rakesh Jhunjhunwala has raised his stake in the company to 5.31 percent in Q4FY20, from 5.11 percent in Q3FY20. Mutual Funds have also increased their stake to 10.4 percent from 9.13 percent, QoQ.

VST Tillers Tractors: The company has resumed its manufacturing operation.

Dr Lal PathLabs: Westbridge Crossover Fund, LLC has reduced stake in the company to 5.01 percent in the March quarter as against 9.8 percent in the previous quarter.

Q4FY20 Earnings: Godrej Agrovet, Godrej Properties, Motilal Oswal Financial Services, Piramal Enterprises, Saint Gobain, Sonata Software, Wockhardt, among others.