Shares in focus: Nestle India, Bandhan Financial institution, Piramal Enterprises

Mumbai: The market could should brace for a decrease open on Tuesday, going by the losses within the US inventory markets.

US shares opened decrease on Monday after final week’s rally as traders frightened a few second wave of coronavirus infections with the reopening of a number of economies, Reuters reported.

Listed here are a couple of shares which can create some buzz in Tuesday’s commerce:

Nestle India, Bandhan Financial institution, Havells, IndiaMart, Syngene: These corporations are scheduled to announce their March quarter earnings on Tuesday.

InterGlobe Aviation: InterGlobe Aviation’s airline IndiGo is within the strategy of placing collectively a bid for bankrupt airline Virgin Australia, Australian publication Monetary Evaluation mentioned in a report on Monday.

Piramal Enterprises: Piramal Enterprises posted a consolidated web lack of Rs 1,702.59 crore for the quarter ended March 31 as a result of anticipated credit score lack of Rs 1,903 crore. It had posted a web revenue of Rs 454.63 crore within the corresponding quarter final yr.

Wockhardt: Drug agency Wockhardt on Monday reported a consolidated web revenue of Rs 68.51 crore for the quarter ended March 31. The corporate had posted a web lack of Rs 13.90 crore in the identical quarter a yr in the past.

Bajaj Auto: Bajaj Auto mentioned it has commenced reopening of dealerships and repair centres in numerous elements of the nation following rest in tips by the federal government for the third part of lockdown until Might 17. The reopening started on Might four with the dealerships taking permission from respective native authorities.

Godrej Properties: Godrej Properties posted a 23 per cent drop in its revenue earlier than tax for the fourth quarter of FY20 at Rs 190 crore primarily due to enhance in price of uncooked supplies consumed.

Indian Oil Company: With the demand for petroleum merchandise beginning to get well, state-run Indian Oil Company (IOC) has began a roll-back of throughput cuts taken within the final two months. The corporate on Monday mentioned it has raised utilization to 60 per cent, and plans to scale it up additional by Month finish.

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