Stocks in Focus on April 1: Real Estate Stocks, Metropolis, Vodafone Idea CONCOR to Wabco India; here are the 5 Newsmakers of the Day

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Benchmark indices snapped their two-day rising streak and ended with steep losses on Wednesday, March 31, 2021, which was the last trading session of the financial year 2020-21 (FY21). The Sensex at Bombay Stock Exchange plunged to close near 49,500-mark while the Nifty at National Stock Exchange settled below 14,700 level. The Sensex declined 627 points, or 1.25 per cent, to end at 49,509. The Nifty at National Stock Exchange also slipped 154 points, 1.04 per cent, to finish at 14,691. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, March 31, 2021. List of such five stocks:

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Godrej Properties/Oberoi Realty/Kolte Patil in Focus: Maharashtra government decides not to extend stamp duty waiver on property registrations.

Metropolis/ Thyrocare/ Dr Lal PathLabs: The Maharashtra government on Wednesday has capped the minimum rate for RT-PCR and rapid antigen tests at Rs 500 and Rs 150 respectively.

Vodafone Idea: The Telecom Regulatory Authority of India (TRAI) has released the revised figures for January’s telecom subscribers showing that Vodafone Idea has lost 22 lakh users instead of a gain of 17 lakhs, which was posted by the telco due to an “inadvertent error”.

CONCOR: Railways revenue from freight loading has increased by 24% YoY in March 2021 to Rs 12,137 crore from Rs 9,806 crore posted in the same month last year. The freight loading has increased from 98.76 metric tons to 122.19 metric tons. 

Wabco India + Varroc Engineering 

Wabco India: SBI Mutual Fund has sold 2.1% stakes of the company. With this, SBI MF’s stakes in Wabco India has come down from 9.1% to 7%. 

Varroc Engineering: Nippon India Mutual Fund bought 3.70% stakes in Varroc Engineering. With this, Nippon India’s stake in the company has increased from 2.07% to 5.77%. 

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