On Trump's comments that the coronacrisis will prolong and before things get any better things will be worse, Asian markets open weak and on similar lines Indian markets which hit four-month high has once again receded lower as coron concern continues to loom.
Here are some stocks in focus on stock specific news:
After market hours the FMCG major released its Q1FY 21 result with a 7.1% year on year jump in net profit. The company's revenues rose 4.4% during the period under review to ₹10,560 crore.
2. Bajaj Finserv:
On a consolidated basis net profit at the company rose 44% to Rs. 1215 crore primarily from the back of reasonable earnings from its insurance companies.
The pharma major's subsidiary Cipla Pharma Lanka (CPL) has been amalgamated into its another step down subsidiary , Breathe Free Lanka (BFL), with effect from May 01, 2020. "Upon amalgamation into BFL, CPL stands dissolved without winding up," Cipla said in a regulatory filing.
4. Indian Hotels Company:
The company said it has acquired the remaining stake in ELEL Hotels and Investment from the Nanda family, making the company a complete leasehold owner of Sea Rock hotel site in Mumbai by the end of December, 2021.
5. Yes Bank:
As per a Moody's report, the fund raising to the tune of Rs. 15000 crore is being deemed as credit positive for the banker as it augments it core capital and loss absorbing buffers.