Stocks in Focus on April 15: Wipro, IRCTC to Real Estate; here are the 5 Newsmakers of the Day

Equity benchmark Sensex on Monday, April 13, 2020, tumbled about 470 points, dragged by losses mainly in index heavyweights HDFC twins, RIL and ICICI Bank as investors weighed the possibility of a lockdown extension amid mounting COVID-19 cases in the country. Indian bourses opened on a negative note tracking subdued global market peers in Asia. 

The 30-share BSE barometer ended 470 points or 1.5 per cent lower at 30,690. Similarly, the NSE Nifty dropped 118 points or 1.3 per cent to 8,994. In the broader market, Mid-Cap declined 0.9 per cent while Small-Cap fell around half per cent. But certain stocks came in news after the market was closed and can impact the indices when it reopens on Wednesday, April 15, 2020. List of such five stocks: 

WIPRO: The IT major Wipro will release its March quarter earnings today. 

Hindalco: The billionaire Kumar Mangalam Birla’s Hindalco Industries has completed the acquisition of Ohio-based aluminium rolled products maker Aleris Corp on Tuesday through its subsidiary Novelis Inc at an enterprise value of $2.8 billion (Rs 21,295 crores). Novelis will acquire Aleris’ 13 plants across North America, Europe and Asia; however, to satisfy regulatory conditions, the company is required to divest Aleris’ plants in Lewisport, Kentucky, U.S.A., and Duffel, Belgium, as announced earlier,” the company said. With the deal closure, Hindalco is now one of the world’s largest aluminium makers.

IRCTC: The railways on Tuesday said all passenger train services, including premium, mail and express, suburban, Kolkata metro and Konkan Railways will continue to remain cancelled till May 3. The decision by the Indian Railways to stop passenger services further is set to wipe out the national transporter’s ticket earnings and a huge share of the IRCTC’s revenue through a service charge. The step was in continuation with the measures taken in the wake of the COVID-19 lockdown.

GSK Consumer/Sanofi: Sanofi and GSK on Tuesday announced that they have signed a letter of intent to enter into a collaboration to develop an adjuvanted vaccine for COVID-19, using innovative technology from both companies, to help address the ongoing pandemic.

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Real Estate/Housing Finance Companies in Focus: Deepak Parekh, Chairman of mortgage HDFC, on Tuesday said the real estate prices in the country would correct by up to 20 per cent in the wake of coronavirus pandemic and the resultant nationwide lockdown.