At the stock markets on Friday, April 24, 2020, the 30-share index Sensex declined 536 points, or 1.68 per cent, to close at 31,327. Similarly, the Nifty-50 fell 160 points, or 1.71 per cent, to settle at 9,154. But certain stocks came in news after the market was closed and can impact the indices when it reopens on Monday, April 27, 2020. List of such five stocks:

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Bharat 22 ETF: Bharat 22 ETF scheme has been rebalanced following its underlying index and will be effective from today, April 27. 

Mindtree: Mindtree on Friday reported 4.7 per cent quarter-on-quarter (QoQ) jump in consolidated net profit at Rs 206.2 crore for the fourth quarter ended March 31, 2020. The company had reported a profit of Rs 197 crore in the third quarter of the same year. Net revenue of the company increased by 4.4 per cent on a quarterly basis to Rs 2,050.5 crore against Rs 1,965 crore of the last quarter. In US$ terms, the company’s revenue for the quarter jumped 1.2 per cent to $278.4 million. The board of the company also approved a final dividend of Rs 10 per share. The management is anticipating softness in demand in FY21 due to COVID-19. It said, the company is well equipped to handle the global crisis based on the business continuity plan and remain confident that they will continue to drive profitable growth and maximize shareholder value.

ICICI Prudential: Private sector ICICI Prudential Life Insurance registered a 31.3 per cent drop in its net profit to Rs 179.49 crore in the fourth quarter of fiscal 2019-20, as against Rs 261.37 crore in the same quarter of the corresponding year. Its net premium income grew 5 per cent to Rs 10,475.12 crore in the quarter ended March 31, 2020, as against Rs 10,056.32 crore in the same period a year ago. The company has said it will encourage higher levels of digital adoption across channels.

Liquor Stocks In Focus: Hours after allowing the opening of the neighbourhood and standalone shops, the Ministry of Homes issued a notification on Saturday and clarified that liquor shops, restaurants, salons and barbershops will continue to remain closed. The Centre's clarification came after confusion prevailed if liquor shops were included under the allowed categories in Friday's notification. Further, the MHA in its statement on Saturday clarified that "sale by e-commerce companies will continue to be permitted for essential goods only."

Natco Pharma: Natco Pharma on April 25, 2020, announced the closure of inspection with an Establishment Inspection Report (EIR) from USFDA for the pre-approval inspection conducted at its formulations facility in Kothur village, Telangana. The pre-approval inspection was conducted at its drug formulations facility during the period from March 2-6, 2020.

See Zee Business Live TV Streaming Below:

TATA Steel: Tata Steel’s UK arm is seeking a relief package of Rs 4,718 crore (£500 million) with the UK government to see it through the crisis caused by the coronavirus pandemic. Tata Steel is holding discussions with the Welsh government as well as the UK Treasury as it seeks the 50-million pounds cap set on loans being offered under the UK's Coronavirus Large Business Interruption Loan Scheme (CLBILS) to be lifted. Tata Steel owns the UK's largest steelworks in Port Talbot in Wales.