CNBC-TV18’s top stocks to watch out for on April 1

Customs duty on auto, auto parts raised by up to 10 percent.

Auto companies: The automobile companies will release their sales data for the month of March today.

Oil & Gas companies: The government has cut gas prices by 26 percent to $2.39/mmBtu beginning April 1.

SpiceJet: The company has implemented 10-30 percent pay cuts for its employees with its chairman and MD Ajay Singh to take the maximum 30 percent cut. (Image: Reuters)

Granules India | Brokerage: KRChoksey | Rating: Buy | LTP: Rs 154 | Target: Rs 180 | Upside: 17 percent The company's Q3 consolidated net profit jumped 6.1 percent at Rs 64 crore versus Rs 60.3 crore and revenue was up 11.4 percent at Rs 704 crore versus Rs 631.8 crore YoY. KRChoksey expect company to post revenue growth of 18.1 percent/27.1 percent in FY20E/FY21E on the back of new launches in the US with company’s focus on higher value and higher margin business segment of finished dosage form, gain in market share in the existing products & commercialization of high value API plant (Unit IV). This will result in EBITDA margin improvement in the range of 18 percent-19 percent over FY20/21 and subsequent increase in the US contribution will add 1 percent to the EBITDA.

Jubilant Lifesciences: The company has received EIR with voluntary action initiated status from the USFDA for its solid dosage facility at Salisbury, US.

Indiabulls Housing Finance: The company has bought back secured, redeemable, non-convertible debentures of the face value Rs 10,00,000 each, issued by the company.

Hero MotoCorp: The promoters have acquired 2.76 lakh shares in the company raising their stake by 0.14 percent to 34.77 percent.

Punjab National Bank: The state-run lender has revised MCLR across various tenors with effect from April 1. Base rate has also been reduced by 15 bps to 8.9 percent.

Vodafone Idea: The company has extended the validity of its prepaid plans, availed by low income customers using feature phones, till April 17 and has given a talktime credit of Rs 10. (Image: Reuters)

Adani Transmission: The company has circled up a second tranche of $90 million and concluded its US private placement of $400 million for dollar denominated notes.

Indian Overseas Bank: The lender has reduced Repo Linked Lending Rate to 7.25 percent with effect from April 1. MCLR rates has been revised with effect from April 10.

State-run Hindustan Aeronautics Ltd (HAL) has tested the third prototype of Light Utility Helicopter (LUH) on December 14, the Bengaluru-based company said here on Monday.

Hindustan Aeronautics: The company has recorded a turnover of over Rs 21,000 crore for FY20 and the revenue growth stood at 7 percent.

Adani Enterprises: The company has received a letter of Award from NHAI for a road project in Madhya Pradesh for a bid of Rs 866.64 crore.

GE Power India: The company has received a contract by NTPC to supply Wet FGD Systems for a value of Rs 690 crore.

IDFC: The company has completed a transaction for sale of its 30 percent stake in NIIF Infrastructure Finance Ltd for Rs 256.91 crore.