Stocks to watch: PVR, Inox Leisure, Infosys, Ashok Leyland, Bajaj Auto, Adani Enterprises, Coal India
Ashok Leyland has reported 8- fold jump in sales (domestic + exports) during March 2021 at 17231 units as against 2126 units in March 2020
Here is the list of top stocks that could be in focus on April 5.
Infosys: Infosys and LivePerson have entered into new 360° partnership to help brands manage AI-powered conversations with consumers and employees over SMS, web sites, apps, and the messaging channels they use every day. The partnership will enable brands to unlock higher growth by combining Infosys Cobalt, a platform and set of services to accelerate an enterprise’s journey into the cloud, with LivePerson’s Conversational Cloud, a complete set of applications and APIs for creating and managing conversational experiences.
Ashok Leyland: The company has reported 8- fold jump in sales (domestic + exports) during March 2021 at 17231 units as against 2126 units in March 2020. LCV sales were reported above 17 – fold jump at 6130 units in March 2021 as against 348 units in March 2020. M&HCV Trucks and bus sales stood at 9674 units and 1427 units, respectively.
Bajaj Auto: The auto major has reported 52 percent rise in total sales to 3,69,448 units in March 2021 as against 2,42,575 in the same month last year. Total domestic sales increased by 70 percent to 1,98,551 units in March as compared to 1,16,541 units in March 2020. Total two-wheeler sales were up 56 percent at 3,30,133 units as compared to 2,10,976 units in the year-ago month. However, Commercial Vehicles sales stood at 39,315 units in March 2021 over 31,599 units in March 2020, registering a rise of 24 percent. Meanwhile, exports of the company increased by 36 percent to 1,70,897 units in the reporting month compared to 1,26,034 in the same month last year.
PVR, Inox Leisure: Shares of multiplex operators will be in focus on Monday after Maharashtra government on Sunday announced a weekend lockdown-like restrictions across the state to curb the spread of COVID-19. These restrictions will start from 8 pm on Monday and will be in force till April 30, 2021.
Adani Enterprises: Adani Enterprises’ wholly owned subsidiary — Adani Road Transport (ARTL) has received a Letter of Award (LoA) for six laning of National Corridor NH-19 from Panagarh to Palsit from km. 521.120 to km. 588. 870 (Total design length 67.750 km) in the State of West Bengal under Bharatmala Pariyojana to be executed on BOT-(Toll) basis. Concession period of the project will be 20 years including construction period of 2.5 years.
NMDC: NMDC has reported 4.57 million tonne (MT) of iron ore production and logged sales volume of 4.08 MT in the month of March 2021. The company’s Chhattisgarh mines produced 3.98 MT of iron ore and registered sales volume of 3.21 MT, while Karnataka mines produced 0.59 MT of iron ore and sold 0.87 MT of iron ore in March 2021.
InterGlobe Aviation: InterGlobe Aviation (IndiGo) has started 14 new flights under regional connectivity scheme Udan from March 28, 2021 onwards. It has started these flights on various routes including Bhubaneswar-Allahabad, Bhubaneswar-Varanasi, Bhopal-Allahabad, Dibrugarh-Dimapur, Shillong-Agartala and Shillong-Silchar.
Coal India: Mahanadi Coalfields (MCL), a subsidiary of Coal India, has posted a record production of 148.01 million tonne and achieved the highest-ever dispatch of 146 million tonnes in 2020-21 fiscal. These achievements by the Odisha-based miner will help Coal India, a Maharatna PSU, strengthen its foundation to meet the one billion production target by 2024. MCL also registered a record of 174.5 MCuM of overburden removal in the last fiscal.