Home >Markets >Stock Markets >Stocks to Watch: Maruti Suzuki, Titan, IRCTC, Religare Enterprises, L&T Finance
Auto companies to be in focus as most halt production due to coronavirus.
Auto companies to be in focus as most halt production due to coronavirus.

Stocks to Watch: Maruti Suzuki, Titan, IRCTC, Religare Enterprises, L&T Finance

  • IRCTC to be under the spotlight as the government has restricted all railway services till 31 March
  • Maruti Suzuki has decided to indefinitely discontinue manufacturing in two factories located in Haryana’s Gurugram and Manesar

Here is a list of top 10 stocks that may be in focus on Monday:

Maruti Suzuki: India’s largest carmaker on Sunday announced the decision to indefinitely discontinue manufacturing in two factories located in Haryana’s Gurugram and Manesar. Work at the research and development centre in Rohtak will also be stopped from 23 March on the lines of the government’s efforts to contain the spread of coronavirus.

Titan Company: The watch and jewellery maker on Sunday said it will shut down all its manufacturing units starting 23 March to prevent the spread of coronavirus. The company’s retail stores, operated by self and franchise based, will also be closed until 29 March.

Mahindra & Mahindra: The company on Sunday announced that it will shut down its tractor production facility in Nagpur with immediate effect. All operations at its Chakan (Pune) and Kandivali (Mumbai) units will also close down by end of today. The firm did not the duration of closure of these plants as a preventive measure against COVID-19 (coronavirus) emergency.

L&T Finance Holdings: L&T Infra Debt Fund Ltd (L&T IDF), an infrastructure debt fund run by L&T Finance Holdings Ltd, has called off a $110 million equity investment by private equity firm Apis Partners, the company informed the stock exchanges on Saturday.

Religare Enterprises: The Reserve Bank of India (RBI) has stalled the sale of the company’s non-banking financial company (NBFC) subsidiary Religare Finvest Ltd and has asked the firm to submit a revised proposal for the NBFCs revival, Religare Enterprises Ltd said on Saturday.

Hero MotoCorp: India's largest two-wheeler manufacturer on Sunday said it has decided to halt operations across all its global manufacturing and assembly plants including the units in India, Colombia and Bangladesh with immediate effect until 31 March 31.

IRCTC: In a first, the government on Sunday decided to restrict public transport services--railways, metro and inter-state bus--across the country to continue the ‘janata curfew’ proposed by Prime Minister Narendra Modi for 22 March that would enable containing the rapid spread of coronavirus.

Escorts: The agri-machinery, construction and railway equipment maker on Sunday said it will shut down all its Faridabad-based offices and plants with immediate effect until 31 March to support the central and state government’s efforts to control the spread of deadly coronavirus.

Pharma Companies: The US Food and Drug Administration (FDA) has partially lifted an import ban on IPCA Laboratories' two plants to ensure supply of chloroquine tablets as the novel coronavirus infection continues to spread at an alarming pace in the world’s largest economy. The medicine is considered one of the possible treatments for the fatal disease.

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