Here is a list of stocks that one should keep a watch on, 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 three months ended March, primarily due to a sharp decline in revenues amid the coronavirus pandemic. The airline, which had a fleet of 285 planes at the end of March 2021, had a net loss of Rs 870.8 crore in the year-ago period.
Emami: FMCG major has raised product prices on an average by four per cent in the current fiscal to offset the present input cost pressure that will help the company to retain a gross margin of 66-67 per cent, a senior company official said on Sunday. The company's long awaited project Khoj that aims deeper rural reach to retain profitability momentum, has been launched in Uttar Pradesh with the relaxation of lockdown. "We have a price hike of four per cent so far and this will take care of our existing cost pressure as of now. We will decide accordingly depending upon the situation going forward," Emami Director Mohan Goenka told PTI.
Bank of Maharashtra (BOM): State-owned said the pandemic-driven slowdown in the economic activities may lead to a rise in customer defaults, and its impact on the bank will depend on the COVID-19 situation going forward.
Dewan Housing Finance Corporation (DHFL): The non-banking finance company reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021. The company, which is under corporate insolvency process, had posted a net loss of Rs 7,507.01 crore in the January-March quarter of the year-ago fiscal. The company had reported a loss of Rs 13,095.38 crore in the December quarter of 2020-21.
Punjab National Bank (PNB): State-owned posted a standalone profit of Rs 586.33 crore for the fourth quarter ended March, aided by good increase in interest income. The second largest public sector lender had reported a loss of Rs 697.20 crore in January-March period of 2019-20. The bank's total income during the March quarter rose to Rs 22,531.73 crore from Rs 16,388.32 crore in the year-ago period.
Jubilant Pharmova: Drug firm 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 in the January-March quarter of 2019-20. Sales stood at Rs 1,552 crore for the fourth quarter while the same was at Rs 1,497 crore in the same period of FY20.
Havells India: Inflationary trends in commodity prices and the second wave of COVID-19 would impact consumer sentiment in the "short term" but consumer electric goods maker Havells India is confident of the "medium to long-term demand trends", its Chairman and Managing Director Anil Rai Gupta said. Now consumer preferences are changing towards reliable and quality brands, creating a "unique opportunity" for organised players driving premiumisation with products that are feature-led, energy-efficient and have a digital footprint, Gupta said in the company's latest annual report.
NIIT Limited: Skills and talent development company said its net profit stood at Rs 46.5 crore in the March 2021 quarter. The company has also strengthened its board with the addition of four new members, including 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 US due to quality issues. Atorvastatin is indicated to lower cholesterol in the blood for adults and children over ten years of age. The drug is also prescribed to lower the risk of heart attack and stroke in patients with cardiovascular diseases, diabetes, and other risk factors such as eye problems, kidney diseases, or high blood pressure.
