Overnight Digest: Stocks to watch out on May 6

The stocks that are likely to witness significant movement on the bourses on May 6 are Godrej Consumer, Spice Jet, Amber Enterprises, Cadila and TBZ.

Godrej Consumer: The company has reported a 3-fold jump in net profit at Rs. 906.86 crore for the Q4 as compared to Rs. 295.13 crore for the same quarter in the previous year. However, the total income of the company marginally decreased by 0.88 per cent at Rs. 1,378.83 crore for Q4FY19 as compared Rs. 1,391.12 crore for the corresponding quarter previous year. 

SpiceJet: The company has launched 19 more flights connecting Mumbai with various other domestic destinations, beginning May 4. All the new flights will be operational daily, except the services on the Mumbai-Kochi-Mumbai sector, which will be operational all days except Tuesdays. 

Amber Enterprises: The company has acquired 36,000 equity share of the face value of Rs. 1,000 each comprising of 80 per cent of the equity share capital of Sidwal. After the acquisition, Sidwal has become a subsidiary of the company. 

Cadila: USFDA has concluded inspection at Cadila Healthcare’s formulations manufacturing facility located at Moraiya, Ahmedabad with 14 observation. The inspection was conducted from April 22, 2019 to May 3, 2019. 

Tribhovandas Bhimji Zaveri Limited (TBZ): The company appoints Bollywood star Sara Ali Khan as the official Brand Ambassador of the Company