Here is a list of stocks to watch for when the markets open on Monday.
InterGlobe Aviation: The parent company of the country’s largest airline, IndiGo, reported a consolidated net loss of Rs 1,147.2 crore in the quarter ended March, mainly due to a sharp drop in revenue amid the pandemic of coronavirus. The airline, which had a fleet of 285 planes at the end of March 2021, suffered a net loss of Rs 870.8 crore over the period last year.
Emami: FMCG major has increased product prices an average of 4% in the current fiscal year to offset the current pressure on input costs that will help the company maintain a gross margin of 66-67%, said Sunday a senior manager of the company. The company’s long-awaited project, Khoj, which aims for a deeper rural reach to maintain momentum for profitability, was launched in Uttar Pradesh with the easing of the lockdown. “We have a 4% price hike so far and this will offset our existing cost pressure from now on. We will decide accordingly depending on the situation in the future,” said the director of Emami , Mohan Goenka, at PTI.
Bank of Maharashtra (BOM): The state-owned company said the downturn in economic activities caused by the pandemic could lead to an increase in customer defaults, and its impact on the bank will depend on the COVID-19 situation going forward.
Dewan Housing Finance Company (DHFL): The non-bank finance company reported consolidated net profit of Rs 96.75 crore for the last quarter of the fiscal year ended March 2021. The company, which is in corporate insolvency proceedings, had recorded a net loss from Rs 7,507.01 crore in January-March. quarter of the previous fiscal year. The company had reported a loss of Rs 13,095.38 crore in the December 2020-2021 quarter.
National Bank of Punjab (PNB): The state-owned company posted a stand-alone profit of 586.33 crore rupees for the fourth quarter ended in March, thanks to a good increase in interest income. The second largest public sector lender reported a loss of Rs 697.20 crore during the January-March 2019-2020 period. The bank’s total income in the March quarter rose to Rs 22,531.73 crore from Rs 16,388.32 crore a year ago.
Jubilant Pharmova: The pharmaceutical company reported a consolidated net profit of Rs 214 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 260 crore during the January-March 2019-2020 quarter. Sales amounted to Rs 1,552 crore for the fourth quarter, while they were Rs 1,497 crore in the same period of fiscal year 20.
Havells India: Inflationary trends in commodity prices and the second wave of COVID-19 are said to impact consumer sentiment in the “short term”, but consumer electrical goods maker Havells India is confident in “demand trends at medium and long term, ”its chairman and chief executive officer Anil told Rai Gupta. Today, consumer preferences are shifting towards quality, reliable brands, creating a “one-stop-shop” for organized players who drive premiumization with feature-driven, energy efficient, and digital footprint products, said Gupta in the company’s latest annual report.
NIIT Limited: The skills and talent development company said its net profit stood at Rs 46.5 crore in the March 2021 quarter. The company also strengthened its board of directors with the addition of four new members , including the appointment of Udai Singh Pawar and Leher Vijay Thadani.
Dr Reddy’s laboratories: Drug Major is recalling 2,980 bottles of atorvastatin calcium tablets in the United States due to quality concerns. Atorvastatin is indicated for lowering blood cholesterol in adults and children over ten years old. The drug is also prescribed to reduce the risk of heart attack and stroke in patients with cardiovascular disease, diabetes, and other risk factors such as eye problems, kidney disease, or high blood pressure.