Overnight Digest: Stocks to watch out on May 3

The stocks that are likely to witness significant movement on the bourses on May 3 are MRF, SML Isuzu, Hero MotoCorp, Kansai Nerolac Paints, Deepak Nitrite and Havells. 

MRF: The company has reported a fall of 14.91 per cent in its net profit at Rs. 293.83 crore for the quarter ended March 31, 2019 as compared to Rs. 345.32 crore for the same quarter in the previous year. However, the total income of the company increased by 6.04 per cent at Rs. 4,182.92 crore for the quarter as compared to Rs. 3,944.75 crore for the quarter ended March 31, 2018. 

SML Isuzu: The company has reported 20.1 per cent rise in April 2019 sales. The company has sold 1,379 vehicles in April 2019 as against 1,148 vehicles in April 2018. 

Hero MotoCorp: The company launched three new premium bikes priced between Rs. 94,000 and Rs. 1.05 lakh (ex-showroom Delhi), with an eye on a leadership position in the segment. 

Kansai Nerolac: The board has granted in-principle approval to the merger of Marpol and Perma Construction Aids, both wholly-owned subsidiaries of the company, with the company. 

Deepak Nitrite: The stock will be in focus owing to Q4FY19 results to be announced on May 3. 

Havells: Lloyd has launched India’s fastest cooling Air Conditioners - Grande for the upcoming summer season. The new range of Grande ACs can cool down the temperature to 18 degrees Celsius in just 45 seconds.