Mumbai: The market may have to brace for a lower open on Tuesday, going by the losses in the US stock markets.
US stocks opened lower on Monday after last week’s rally as investors worried about a second wave of coronavirus infections with the reopening of several economies, Reuters reported.
Here are a few stocks which may create some buzz in Tuesday’s trade:
Nestle India, Bandhan Bank, Havells, IndiaMart, Syngene: These companies are scheduled to announce their March quarter earnings on Tuesday.
InterGlobe Aviation: InterGlobe Aviation's airline IndiGo is in the process of putting together a bid for bankrupt airline Virgin Australia, Australian publication Financial Review said in a report on Monday.
Piramal Enterprises: Piramal Enterprises posted a consolidated net loss of Rs 1,702.59 crore for the quarter ended March 31 due to expected credit loss of Rs 1,903 crore. It had posted a net profit of Rs 454.63 crore in the corresponding quarter last year.
Wockhardt: Drug firm Wockhardt on Monday reported a consolidated net profit of Rs 68.51 crore for the quarter ended March 31. The company had posted a net loss of Rs 13.90 crore in the same quarter a year ago.
Bajaj Auto: Bajaj Auto said it has commenced reopening of dealerships and service centres in various parts of the country following relaxation in guidelines by the government for the third phase of lockdown till May 17. The reopening began on May 4 with the dealerships taking permission from respective local authorities.
Godrej Properties: Godrej Properties posted a 23 per cent drop in its profit before tax for the fourth quarter of FY20 at Rs 190 crore mainly because of increase in cost of raw materials consumed.
Indian Oil Corporation: With the demand for petroleum products starting to recover, state-run Indian Oil Corporation (IOC) has started a roll-back of throughput cuts taken in the last two months. The company on Monday said it has raised utilization to 60 per cent, and plans to scale it up further by Month end.