The Indian market is likely to open higher Friday following gains in Asian peers. At 8 am, the SGX Nifty was trading 46.00 points or 0.45 percent higher at 10,277.50, indicating a positive start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Reliance Industries: Fitch Ratings has upgraded the company’s long-term local currency issuer default rating to BBB+ from BBB. The outlook is Stable. Fitch has also affirmed long-term foreign-currency IDR at BBB- with a Stable outlook. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
2. Ashok Leyland: The company reported a 92.31 percent decline in Q4FY20 net profit at Rs 57.78 crore as against Rs 751.71 crore while revenue from operations fell to 5,088.04 crore from Rs 9,874.04 crore.
3. Vedanta: The shareholders have approved the promoter’s plan for the delisting of the company. While 93.342 percent of the votes were in favour of the proposal, 6.658 percent were against it.
4. IRCTC: The company said that its revenues and profitability are likely to be adversely impacted for the April-June quarter due to the lockdown. The company hopes that the business situation normalise during third and fourth quarter.
5. Apollo Tyres: The company has commissioned its greenfield facility in Andhra Pradesh.
6. PNC Infratech: The company has received letter of award from NHAI for HAM project in Uttar Pradesh at a bid cost of Rs 1,412 crore.
7. Endurance Technologies: The company reported Q4FY20 profit at Rs 106.83 crore versus Rs 148.65 crore while revenue at Rs 1,596.75 crore versus Rs 1,900.36 crore, YoY.
8. Varroc Engineering: The company’s board has approved raising Rs 500 crore via NCDs.
9. Sintex Industries: The company reported Q4FY20 loss at Rs 294.13 crore versus loss at Rs 91.3 crore and revenue at Rs 444.70 crore versus Rs 591.54 crore, YoY.
10. Somany Ceramics:
The company reported loss at Rs 9.32 crore in Q4FY20 versus profit of Rs 24.09 crore, YoY. Revenue fell to Rs 356.05 crore from Rs 518.83 crore, YoY.