Lockdown and COVID 19 crisis makes the stock market across the world cloudy. This is because of the frequent clashes in the share markets. Roughly the majority of the company’s share price falls at a high-risk level.
Coming to India there is a sharp down in the Indian Stock market. Stock Indexes like BSE SENSEX, S&P which was 42273 reduced to 29894 points on April 20.
Let’s have a look at some of the List of stocks and their performance before and after COVID crisis:
Indigo: InterGlobe Aviation parent company Indigo noted a net loss of Rs 870.8 crore within three months ended in March, due to high expenses and temporary freezing of Flight operations as a result of COVID 19 and associated lockdown.
HDFC and SBI: According to Moody’s report (credit rating agency) HDFC (largest private lending sector) and SBI (state-owned lending sector) facing economic disruption caused by coronavirus outbursts.
Infrastructure companies: Economic splitting caused by COVID lower seven Indian infrastructuretransmitters including NTPC, NHAI, GAIL, Adani group, Energy Restricted Group, and Rating agencies like HUDCO and IRFC.
Britannia Industries: Britannia Industry (Packed food producer) arrived at a 26% hike in revenue. COVID outbreak doesn’t have much impact on this Industry. Producer of Good day and Tiger biscuits have earned revenue at Rs 2,867.70 crore from Rs 2,798.96 crore. Lock Down and Increased Demand for necessities also took advantage of their growth.
HUL: Hindustan Unilever Ltd has expanded its normal production level to 80-90%. The company has resumed its production which was not operational in the primary stage of Lockdown. But the impact of coronavirus virus has increased operational cost so the company finds it difficult to evaluate the exact profitability at this point.
Colgate-Palmolive: Coronavirus had much effect on the profitability and capital of the company due to the constant demand for necessities.
Jubilant Food Works: Currently, their operations are temporarily closed and when more relaxation is permitted regarding the lockdown company is ready to open their operation in dull duration and planning to launch contactless dine.
ICICI Bank: Private sector lender ICICI Bank had reduced their interest rate on savings deposit to 25 % and the new rate of Interest will come to effect on June.
