NIFTY 50

Here’s a look at buzzing stocks for trade on May 27

Updated : May 27, 2020 08:14 AM IST

The Indian market is likely to open lower Wednesday following losses in Asian peers as worries over the impact of US-China tension dampened sentiment. At 8:10 am, the SGX Nifty was trading 17.75 points or 0.20 percent lower at 9,030.25, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Kotak Mahindra Bank: The bank launched qualified institutional placement offering 6.5 crore equity to raise up to Rs 7,500 crore at a floor price of Rs 1,147.75 per share.

2. Titan Company: The company said that its operating cash flow was negative due to virtually zero sales during the first 6 weeks of lockdown, increase in mark-to-market cash outflow on gold hedge due to rising gold prices and committed costs being incurred. The company said that the COVID-19 situation is expected to adversely affect profitability during the first half of this year.

3. Torrent Pharmaceuticals: The company reported a consolidated net profit of Rs 314 crore in Q4FY20 as against a net loss of Rs 152 crore, YoY. Revenue from operations stood at Rs 1,946 crore versus Rs 1,856 crore.

4. Max Financial: The company reported 96 percent fall in consolidated net profit for Q4FY20 to Rs 6.67 crore due to the impact of a tax dispute settlement and the coronavirus pandemic.

5. Shree Steel Wire Ropes: The company said that its business has been adversely affected due to the lockdown and the exact impact of Covid-19 as of now is hard to ascertain.

6. Deepak Nitrite: The company’s net profit in Q4FY20 rose to Rs 172.30 crore from Rs 91.46 crore while revenue rose to Rs 1,055.54 crore versus Rs 1,008 crore, YoY.

7. VIP Industries: The company’s net profit in Q4FY20 declined to Rs 9.52 crore versus Rs 25.28 crore while revenue fell to Rs 311.34 crore from Rs 434.98 crore, YoY.​

8. Asahi Infrastructure Projects: SEBI imposed a fine of over Rs 11 crore on the company and its senior official in a matter related to manipulation in the issuance of global depository receipts (GDR).

9. Lloyds Metals and Energy: Brickwork has reaffirmed rating of banks fund based loan facilities (long term) as BBB-/Stable.

10. Hind Rectifiers: The company has resumed full manufacturing operations at Dehradun plant.
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