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stock alerts / Adani Ports, ICICI Bank and Lupin Stocks are in limelight
Adani Ports, ICICI Bank and Lupin Stocks are in limelight
May 06 2020
Indian Intraday Stock Market Shres of Adani Ports and Special Economic Zone will announce its Q4 result today, 5 May 2020.
ICICI Bank said its board at its meeting scheduled on 9 May 2020 will also consider, fund raising by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore Certificate of Deposits in single/multiple tranches in any currency through public/private placement.
Shares of Lupin will be in action. Lupin Pharmaceuticals Inc. (Lupin) the U.S. based wholly owned subsidiary of Lupin, yesterday announced positive top-line results from its pivotal Phase 3 clinical trial to assess efficacy and safety of single-dose Solosec (secnidazole) 2g oral granules in 147 female patients with trichomoniasis. Trichomoniasis is the most common non-viral, curable, sexually transmitted infection (STI) in the U.S.
On a consolidated basis, Marico's net profit fell 50.62% to Rs 199 crore on 7.02% decline in net sales to Rs 1,496 crore in Q4 March 2020 (Q4 FY20) over Q4 March 2019 (Q4 FY19). During the quarter, the India business recorded a volume decline of 3%, vastly affected by disruptions in the last fortnight of March, due to lockdowns initially enforced in some states and eventually all over the country, to contain the outbreak of COVID-19 in India. But for this disruption, the business would have delivered low to mid single digit volume growth during the quarter.
Colgate-Palmolive (India) said the company has been allowed to resume operations at reduced capacity at all of its manufacturing plants as per respective local regulations applicable to them although few plants are facing challenges of inter-districts and inter-state movement of labour and unavalability of labour for loading/unloading
CEAT said that the company is able to partially resume its functioning at its plants located at Nasik, Nagpur (Maharashtra) and Halol (Gujrat), with restricted movement of manpower as prescribed, while taking all the necessary steps for ensuring complete sanitization and social distancing norms.
Automotive Axles informed that the company has resumed offices and manufacturing locations at Rudrapur w.e.f. 23rd April 2020 and at Mysore w.e.f. 4th May 2020 with all precautionary measures including the safe distancing and criteria's as per the government norms.