To Watch

Stocks To Watch

Royal Enfield: To temporarily halt production at its manufacturing facilities in Chennai for four days over rising Covid-19 cases. The company’s manufacturing operations across Thiruvottiyur, Oragadam & Vallam Vadagal to remain shut between May 13-16. It will undertake maintenance activity at production facilities. The company does not foresee any significant impact on its ability to cater to the demand.

Equitas Small Finance Bank: Lockdowns to impact May collections. April billing efficiency stood at 84.68%. April collection efficiency stood 105.16%.

KEC International: Has secured new orders of Rs 1,514 crore across its various businesses. The company has secured orders of Rs 326 crore for Transmission & Distribution projects and orders of Rs 153 crore for various types of cables. The company has secured orders of Rs 1,035 crore for the construction of an elevated viaduct along with stations for a metro project and for mechanical & civil works in two cement plants.

Tata Power: Approved issuance of listed NCDs up to an aggregate amount of Rs 5,500 crore. The funds raised will be utilised for refinancing existing loans.

Torrent Power: Board to consider raising up to Rs 2,000 crore by issuance of NCDs through private placement basis.

Dr. Reddy’s: Teva and Eagle said a branded version of a cancer drug proposed by Dr. Reddy’s infringes 14 patents for Teva’s Bendeka. Teva is seeking a court order blocking sales of Dr. Reddy’s proposed drug until the patents have expired and cash compensation if Dr. Reddy’s makes or sells it before then, according to 66-page complaint filed Thursday in federal court in Wilmington, Delaware

Nifty Earnings: Larsen & Toubro, Cipla, Dr Reddy's Laboratories

Non-Nifty Earnings: Escorts, Rossari Biotech, Macrotech Developers, Mindspace Business Parks REIT, Anup Engineering, Asian Star Co, Balkrishna Industries, Cholamandalam Financial Holdings, Greenpanel Industries, HIL, Indigo Paints, Jindal Stainless, Kesoram Industries, Monte Carlo Fashions, Privi Speciality Chemicals, Saint-Gobain Sekurit India, SKF India, Texmaco Infrastructure & Holdings, Texmaco Rail & Engineering, Vimta Labs