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 Stocks To Watch

 🔹Marico: The company in a press release said that said it will take a step back from premiumisation initiatives in the short term. Preparatory work in terms of R&D and proposition building will continue behind the scenes. It has maintained its medium term aspiration of delivering 8-10 percent volume growth and 13-15 percent revenue growth. It also looks to maintain FY21 operating margins at FY20 levels. Company also said that it may maintain a 75-80 percent dividend pay-out ratio for the current fiscal year.

 🔹Lupin: The company’s U.S. arm has announced positive top-line results from its pivotal Phase 3 clinical trial to assess efficacy and safety of single-dose Solosec which is used to cure trichomoniasis. Company now plans to submit a supplemental New Drug Application for Solosec to the U.S. FDA for the afore-mentioned treatment in the second half of calendar year 2020.

 🔹ICICI Bank: To consider raising capital via debt on May 9.

 🔹Colgate-Palmolive: The company has been allowed to resume operations at reduced capacity at all of its manufacturing plants to ensure supply of vital and essential oral health and hygiene products.

 🔹Nath Bio-Genes: Has received 92 percent of the targeted seed production from the fields. Balance 8 percent expected to be received by May 15. All plants have become fully operational.

 🔹Ceat: Has partially resumed operations at its plants in Nashik, Nagpur and Halol.

 🔹Apollo Tyres: Operations at Chennai plant have partially opened. Operations in Kerala, Gujarat and Hungary had already resumed from April 25.

 🔹Amber Enterprises: Has re-commenced operations at certain units from May 4.

 🔹Container Corporation of India: Has handed over certain terminals which are built on the land taken on lease from the Railways. The turnover for these terminals stand at Rs 277.5 crore and the company has said that there won’t be any material impact.

 🔹Automotive Axles: Has resumed its operations at Rudrapur and Mysore from May 4.

 🔹Kirloskar Oil Engines: The company’s U.S. arm has commenced operations with effect from May 4.

 🔹Saint-Gobain Sekurit: Chakan plant’s operations will remain suspended till May 17.

 🔹Graphite India: Has started operations at three plants across West Bengal and Maharashtra. Company’s German arm to operate the specialty and coating operations in their plant.

 🔹Thermax: Nalanda India Equity Fund increased the stake in the company by 0.83 percent to 5.44 percent on April 29.

 🔹Bajaj Consumer Care: Has commenced operations at its Himachal Pradesh plant.

 🔹Magma Fincorp: India Ratings and Research as placed the company’s bank facilities under Rating Watch Negative primarily due to the Covid-19 led lock-down which has a disproportionate impact on its asset quality.

 🔹Jyothy Labs: Manufacturing plants have partially resumed their activities.